making a go at farming

[southwestfarmer]

I heard Dyson been spending again, Compton Estate

wouldn't mind his bank account to buy a farm

 

[southwestfarmer]

Honestly don't know as I haven't looked for 10 years, but I was keen and still may do one day. But at present I have 3 boys and a wife who are all settled and my ambition has declined somewhat in favour of enjoying my family. I favoured Canada 15 years ago. But not now I think maybe Romania ? I would have to research it.

Also chillie is a poss, stable government various climates.

in chile the average is around 12000 usd a hectare so cheap butnot too muchof an incentive what do you think

 

[Sharpy]

I've never been to Scotland so maybe I'm talking out of place here but my thoughts are...

Scotland is 500 miles further North than where you are. The winters are longer and colder. The growing season is therefore shorter.

400 acres in Scotland won't carry the same amount of stock as 400 acres in the south west.


100 sucklers and 600 ewes won't pay the mortgage on 700+ k especially if subs go/reduce.

Sorry to be so negative. Just want you to go into this with your eyes wide open.

As above. Here we are delighted if we only have a six month winter, most people cut half their acres for fodder, currently you will have a four month winter, and will cut about a third of your area? That's one reason Scottish land is cheaper. Stocking rate per acre will be about half of the south west. Tread carefully.

 

[willy]

in chile the average is around 12000 usd a hectare so cheap butnot too muchof an incentive what do you think

There's areas and areas, look I don't know, I am just trying to get you to broaden your horizons. Do your research and make your conclusions. I think possibly it may well mean staying in this country, but maybe farming Deer? Or maybe dairy nz style or should I say AG Street style.

Read the farming ladder, adjust slightly for the year 2017 and make your decision.

Also I would say talk to a bank or as it them you have to convince.

 

[southwestfarmer]

As above. Here we are delighted if we only have a six month winter, most people cut half their acres for fodder, currently you will have a four month winter, and will cut about a third of your area? That's one reason Scottish land is cheaper. Stocking rate per acre will be about half of the south west. Tread carefully.

really half oh I thought It would be less but not that much

 

[southwestfarmer]

There's areas and areas, look I don't know, I am just trying to get you to broaden your horizons. Do your research and make your conclusions. I think possibly it may well mean staying in this country, but maybe farming Deer? Or maybe dairy nz style or should I say AG Street style.

Read the farming ladder, adjust slightly for the year 2017 and make your decision.

Also I would say talk to a bank or as it them you have to convince.

ag street style ?
so your saying find a niche right noted thankyou

 

[willy]

ag street style ?
so your saying find a niche right noted thankyou

He was milking off grass without a shed, when nz was a mere baby. By the way he went to Canada for experience in 1898?

 

[Sharpy]

really half oh I thought It would be less but not that much

We holiday on a farm outside Bodmin and I cannot believe the short winters, the small forage area, or the stocking rates v fert use. Jealous isn't in it. BUT we do not have the TB issue, and disease in general appears lower, due I think to the lower temps. Swings and roundabouts.

 

[Courier]

a few reasons such as imports will be taxed so imported produce will rise so uk produce wont have to compete with low prices and also cop will rise so it will force price up suley or that's my theory

Were you talking about a non-ag product I would agree but If there is any one group of products unlikely to attract tariffs it must be food the cost of which could be an election swinger [emoji15]

 

[wasted years]

I think that buying a farm that used to be dairy and putting it back into milk at cheap money may be possible, but thinling about a contract once the current wave of optimism passes will be among the key considerations.
Adding value through a caravan park will help also but location is key.
In Scotland even things like distance to market makes a difference.

 

[Turra farmer]

yes that is true and my family have farmed near Scotland before and I have helped them out so know roughly what it is like. just out of curiousity has anyone known anyone who has done something similar to this or buying land down to not real farmers and not keen youngsters?

The price of land means unless you have , a serious amount of cash of your own bank won't lend more than 60 percent loan to value on new debt ,they will need to see cash flow forecasts ,which will stop you in your tracks , by time you buy stock , feed them for a year , then sell calves , it'd ones not turn positive for maybe 4 years , cow costs £1000 , calves sell at 500 and you've to feed cow , that's in very general terms , after you buy you prob won't get subby check till the year after purchase , the bank just won't go for it.

 

[BenB]

I heard Dyson been spending again, Compton Estate

That's confirmed is it?

 

[czechmate]

good evening everyone
long time reader of the forum first time poster so many responses and advice would be helpful
my thoughts earlier today in my lunch hour I was looking at farms for sale just out of curiousity and see many in Scotland which are over 400 hundred acres and are around 700k to 1 mil I understand that is a substantial amount of money but living in the southwest it is also a very large farm compared to what that would buy down here. so my point is if a young farmer with a large deposit through inheritance and savings (below 100k) be able to borrow and make a go at it through sucklers and sheep.

farms background
3-400 acres
average ground
say capacity for 100 cows and calves and 600 ewes
farmhouse and cottage so possibility of selling cottage for loan

person background
I'm 20
business owner
dedicated farmer

please respond and discuss as this is a serious posability and thought of mine

A bank will only lend 40%. How can you borrow 800k/1 mill (you would need to buy the stock too) with a less than 100k deposit?
Also, there is a reason the banks will only lend 40%, they know from experience, that that is the maximum repayments that can be made

 

[Iron150]

They will lend up to 70% on land for the right plan and people

A bank will only lend 40%. How can you borrow 800k/1 mill (you would need to buy the stock too) with a less than 100k deposit?
Also, there is a reason the banks will only lend 40%, they know from experience, that that is the maximum repayments that can be made

 

[czechmate]

They will lend up to 70% on land for the right plan and people

I must have always been the wrong plan and person then. Seriously, thankfully though as you certainly arnt going to service a 70% loan with suckers and sheep. Plus the op has less than 10% deposite

 

[CORNFLAKE]

Don't be put off by all of these negative comments, everyone are just trying to be realistic for you.
My advice would be to follow your dream and look into it. Book a meeting with an ag bank manager and discuss your ideas. I have a feeling he may not be keen but at least you will have tried. He may say no to this but he may come up with other options for the future. In business you need to build up good relations and trust.

 

[Danllan]

The above is good advice, don't think we are trying to do anything other than give fair opinion. The sorry thing is that an awful lot of the 'news' isn't good. @CORNFLAKE is right about speaking to your bank, either way it will let you know your real choices. Let us know what they say and then we can advise on a more sound basis.

 

[Derrick Hughes]

I was listening to 10 best Churchill Quotes on Facebook . Sums up farming .diferences being the war is over !

 

[Derrick Hughes]

Don't be put off by all of these negative comments, everyone are just trying to be realistic for you.
My advice would be to follow your dream and look into it. Book a meeting with an ag bank manager and discuss your ideas. I have a feeling he may not be keen but at least you will have tried. He may say no to this but he may come up with other options for the future. In business you need to build up good relations and trust.

Realism would never do would it
I could show you a picture of Realism but perhaps not

 

[sheep&cows&stuff]

good evening everyone
long time reader of the forum first time poster so many responses and advice would be helpful
my thoughts earlier today in my lunch hour I was looking at farms for sale just out of curiousity and see many in Scotland which are over 400 hundred acres and are around 700k to 1 mil I understand that is a substantial amount of money but living in the southwest it is also a very large farm compared to what that would buy down here. so my point is if a young farmer with a large deposit through inheritance and savings (below 100k) be able to borrow and make a go at it through sucklers and sheep.

farms background
3-400 acres
average ground
say capacity for 100 cows and calves and 600 ewes
farmhouse and cottage so possibility of selling cottage for loan

person background
I'm 20
business owner
dedicated farmer

please respond and discuss as this is a serious posability and thought of mine

I don't think any one has asked yet...what kind of farming are you doing at present? How many ewes / cows do you own? Were you brought up on a farm or did you get a job on a farm?