I heard similar, above £5k/cow starts to concern lenders, but that was 3+ years ago and there has been a lot of inflation since.
Milk Price Tracker
- Thread starter rc mx110
- Start date
At the end of the day if you have a good amount borrowed you won't have to worry about the tax man!
Those who brag they haven't got much borrowed in theory will be paying a lot of tax, IF they are good at farming!
Those who brag they haven't got much borrowed in theory will be paying a lot of tax, IF they are good at farming!
Fedupfarmer
Member
Don’t think that’s quite right unfortunately.
Definitely not correct, large mortgage and large tax bill here 🫣
Martyn
Member
- Location
- South west
You got to be making money to service debt, you can’t spend the cash on repairs/machinery if debts need servicing. Interest from debt is the only element that can be classed as a cost.
Milkcow365
Member
- Location
- Sw Scotland
The more you borrow the more profit you require.
Never once talked about how many cows to my bank manager,haven’t seen a bank manager in four years,unfortunately my new bank manager of two years wants to meet us
I’ve no o/d,finance or rent,just a big mortgage,if I did it again I’d pay less capital off,bad enough paying the mortgage then 40% of tax ontop.
So depreciation, mortgage and tax. Just sounds a bit static think they’ll only want a bit of a catch up on your ideas for the next period.Never once talked about how many cows to my bank manager,haven’t seen a bank manager in four years,unfortunately my new bank manager of two years wants to meet us
I’ve no o/d,finance or rent,just a big mortgage,if I did it again I’d pay less capital off,bad enough paying the mortgage then 40% of tax ontop.
- Location
- somerset
we have to talk to ours, by telephone e'mail, at the other end of the country, mentioned last yr, might need some money to buy land, a local manager phoned next day, to talk about 'it'.
other than the yearly OD renewal, haven't spoken to them for several yrs, nor to a manager when we had one, down here.
other than the yearly OD renewal, haven't spoken to them for several yrs, nor to a manager when we had one, down here.
More a box ticking exercise,justifying his job.
Chips
Member
- Location
- Shropshire
And their renewal fee, very profitable 20 mins for the bank !
Holsteinfriesian90
Member
- Location
- Cornwall
So who is digging deep to pay the tax man by tomorrow? 
robbing barstewards.
robbing barstewards.
- Location
- North yorks
Our accountant still hasn’t finalised our accounts, I’m concerned that tax man will want more than the daily limit of internet bankingSo who is digging deep to pay the tax man by tomorrow?
lazy farmer
Member
- Location
- som/dor border
So who is digging deep to pay the tax man by tomorrow?
Stuckingeneva
Member
When do Arla announce feb price?
holsteindave
Member
Tomorrow
dinderleat
Member
- Location
- Wells
Just go into to your local bankOur accountant still hasn’t finalised our accounts, I’m concerned that tax man will want more than the daily limit of internet banking
- Location
- North yorks
They’ve helpfully closed the 3 nearest branches, bit like the letters this month telling us they are stopping sending paper statements “for safety and convience” WTFJust go into to your local bank
Its not a problem. All you need to do is spend more than comes in. You won’t have to worry about it thenSo who is digging deep to pay the tax man by tomorrow?
