Baling Hay
Member
So most people on here are saying he is mad due to being tied to the cow's tail twice a day. But what if he milked 170 Jerseys OAD on a block calving system?
Is he mad?
- Thread starter Baling Hay
- Start date
M-J-G
Member
@Steakeater I'd suggest that your mate should work for another 10 years, it's not that long and he'll still be young. There will still be cows and farms then, and he'll have plenty of money saved for a pension.
Hilly
Member
- Location
- Scottish Borders.
If he has saved 100k by 29 he has done well, if he goes into farming in another 10 years he will more than likely owe 100k.
ollie989898
Member
I must be in a different time zone, or country or something.
Apparently you can borrow money, pay a rent and still make a profit from 25ppl basically starting from scratch, even buy a 100 acres with a parlour for 300K, I'll accept that as I can't refute it, but I do know that there are more dairy farms getting out of the job than into it. Something does not compute.
The dairy farmers I know that are still in the game appear to be there in my own mind due to some or all of the following statements being true:
A They have been in the game for a substantial length of time
B Have built up an asset base
C Have invested cleverly on the right things and at the right times,
D Have been doing it long enough that frankly they are now sh1t hot at it
E Have refined a system that works for them and have learned from any pitfalls or mistakes
For a new entrant, who can magically enter the marketplace, get a milk contract, dodge TB, obtain land which is not a barely productive shambles and make enough to put 50K in his back pocket, all without working like a dog, you have to admit it sounds a bit fanciful?
If it is that easy, where exactly are all the people getting out going wrong and surely no one would care a jot about the milk price if any of the above statements applied to them since they should be on easy street compared to the new entrant?!
Apparently you can borrow money, pay a rent and still make a profit from 25ppl basically starting from scratch, even buy a 100 acres with a parlour for 300K, I'll accept that as I can't refute it, but I do know that there are more dairy farms getting out of the job than into it. Something does not compute.
The dairy farmers I know that are still in the game appear to be there in my own mind due to some or all of the following statements being true:
A They have been in the game for a substantial length of time
B Have built up an asset base
C Have invested cleverly on the right things and at the right times,
D Have been doing it long enough that frankly they are now sh1t hot at it
E Have refined a system that works for them and have learned from any pitfalls or mistakes
For a new entrant, who can magically enter the marketplace, get a milk contract, dodge TB, obtain land which is not a barely productive shambles and make enough to put 50K in his back pocket, all without working like a dog, you have to admit it sounds a bit fanciful?
If it is that easy, where exactly are all the people getting out going wrong and surely no one would care a jot about the milk price if any of the above statements applied to them since they should be on easy street compared to the new entrant?!
Everyone forgets that there are people making money in dairy and lots. However, they tend to a) Moan less (people tend to shout more about the job being crap than good), b) keep their heads down & c) Have a lower profile as they spend less, so you hear less about them.
If everyone is going one way, perhaps it isn't such a bad thing to go the other? Certainly it's (or was it's getting more expensive) a good time to buy dairy kit and cows, and there are lots of processors looking for milk at the moment. Invest for the future, as the price tends to have wild swings, so you will be well set for any price rises.
Working like a dog might be what the blokes after? Some people like working hard and that's their pleasure and if they make good money that's a bonus.
If everyone is going one way, perhaps it isn't such a bad thing to go the other? Certainly it's (or was it's getting more expensive) a good time to buy dairy kit and cows, and there are lots of processors looking for milk at the moment. Invest for the future, as the price tends to have wild swings, so you will be well set for any price rises.
Working like a dog might be what the blokes after? Some people like working hard and that's their pleasure and if they make good money that's a bonus.
- Location
- Fife
I thought Jimmer owed his farm?
I believe he manages the dairy cows, but is passionate enough to treat it as his own.
Baling Hay
Member
He will be near 40 then, life goals can change a lot by the time you hit that age!
- Location
- Fife
Tom Foot and Neil Grigg seem to be doing ok...
Chasingmytail
Member
- Location
- Newport, SE Wales
If he is actually earning 60k in an office under 30 then he must be a high flyer. All I can assume he's in Sales or part of an elite IT team. I cant think of many office jobs that pay that high with little experience so either he is on the road a lot (under huge stress), in intense Sales (prestigious cars etc- long hours) or there is a bit of artistic licence going on. I have worked in prestigious car garage and in engineering consultancy and only the Sales job would come near that.
However, people who are very motivated and talented can find ways of making money and these are the people that farming needs perhaps he could sit on the board of the NFU and do some good PR?
However, people who are very motivated and talented can find ways of making money and these are the people that farming needs perhaps he could sit on the board of the NFU and do some good PR?
Baling Hay
Member
There are graduates who earn 50k in London!
M-J-G
Member
Unless he has a long term lease on paper, in his hand, he may find a few change in life's goals by then anyway.
- Location
- Cumbria
I believe you, a cousin of mine earned something silly like £30k plus £30k bonus as a graduate working in the square mile, think she was head hunting in the legal trade.
- Location
- East yorks
Exactly he is going to be paying 15-20k in PAYE income tax depending if he has other benefits such as a company car, compnay health etc. Add in NI and his take home could quite easily be 35-40k. Living in London rent will be 15k+ a yr so he is at 20-25k k left to for everything else, council tax, bills travel to work etc.
So by the time he gets all the benefits of running a business such as putting a % of his cost through the business, etc how comparable will he be? and only he can work that out.
- Location
- East yorks
That's what I was saying with my numbers, by the time he has paid his tax and rent he doesn't actually need to be earning that much as a business owner and the benefits it brings and may well enjoy it much more vs spending an hour on the tube morning and night.
- Location
- Fife
Unfortunately we can't live without money.
Why not do both? Organic milk Jerseys on OAD seems to pay quite well.
Pieces_of_Eight
Member
^^ Exactly this,
Which is why I would advise him to spend some of his savings on learning some business skills.
Hilly
Member
- Location
- Scottish Borders.
Its a business, most business men get huge enjoyment and fulfilment out of earning as much money as they possably can, the rest,? well they just moan and bitch about their bad lot and go backwards.