making a go at farming

[Paul E]

Don't rent a farm - mugs game- buy one if you can, after 20 years or so there is no rent to pay and no r sole landlord to keep the right side of.
I would bide my time til post brexit, things will be no harder for someone like you, but could be a lot easier, maybe to the point of being able to buy further south.
I don't think southerners realise the difference in climate, and all the effects that has.
Listen to what the agent has to say, but FFS do NOT believe him.
Be open to the idea of farming in other countries who value farmers.

 

[southwestfarmer]

Don't rent a farm - mugs game- buy one if you can, after 20 years or so there is no rent to pay and no r sole landlord to keep the right side of.
I would bide my time til post brexit, things will be no harder for someone like you, but could be a lot easier, maybe to the point of being able to buy further south.
I don't think southerners realise the difference in climate, and all the effects that has.
Listen to what the agent has to say, but FFS do NOT believe him.
Be open to the idea of farming in other countries who value farmers.

thankyou

 

[Drystoning]

I've just been reading through this old post, and it's been making me think. How do new entrants to farming, without a stack of money behind them, ever hope to own their own farm? If banks will only lend 60% max against the value of the farm, that seems like a massive deposit to have to put down. So, what do people do? Spend 10 years saving for a deposit? Have another house or bit of land to put down as security? Buy a smallholding with something like 10 acres as a base and then hope there is nearby ground to rent? Or do they just end up having a house in the local village and then spend hours every week travelling to pockets of land?

It will be interesting to hear people's thoughts on this, and whether opinions have changed since the original post.

 

[toquark]

I've just been reading through this old post, and it's been making me think. How do new entrants to farming, without a stack of money behind them, ever hope to own their own farm? If banks will only lend 60% max against the value of the farm, that seems like a massive deposit to have to put down. So, what do people do? Spend 10 years saving for a deposit? Have another house or bit of land to put down as security? Buy a smallholding with something like 10 acres as a base and then hope there is nearby ground to rent? Or do they just end up having a house in the local village and then spend hours every week travelling to pockets of land?

It will be interesting to hear people's thoughts on this, and whether opinions have changed since the original post.

They do all of the above. Very very difficult to farm your way out of a large loan. We have 20 acres at home and rent elsewhere but I’m comfort that it’ll never be more than a sideline for us.

 

[Roger Perry]

If you are a go ahead young guy, move to America where 30 plus % of the land is owned by women, maybe you could advance your career somehow..??

 

[Drystoning]

They do all of the above. Very very difficult to farm your way out of a large loan. We have 20 acres at home and rent elsewhere but I’m comfort that it’ll never be more than a sideline for us.

Obviously I appreciate if you dont want to give exact figures, but approx how much did it cost you to get those 20 acres with the farmhouse? Did you need a large deposit?