Rent out or farm

[Jz2017]

80 acres arable 120 grass, 3 broiler sheds. Should I just sell cattle and rent out land for arable and sheep keep and live off rent and broiler chickens?

 

[Nearly]

@chickens and wheat

 

[chaffcutter]

How old /fit are you, have you got your own arable kit, how much do you love your cattle or the chickens ?

Can’t give any advice without more information I’m afraid.

 

[Jz2017]

38, suckler herd where senior generation dose not want to embrace new tech, spent 13k on repairs and new drill as old one blew up this year, 7k repair on tractor. Can’t compete with neighbors to get bigger as I don’t spend all day shooting and all night in the pub hunting land

 

[chaffcutter]

Sounds like you could manage all the ground in arable and keep on the chickens, feed your own wheat, nice closed loop and not too demanding workwise?

@chickens and wheat ?

 

[Pond digger]

80 acres arable 120 grass, 3 broiler sheds. Should I just sell cattle and rent out land for arable and sheep keep and live off rent and broiler chickens?

If you rent it out, can you do something productive with your spare time; something that you enjoy doing? If you can, then I would heartily recommend renting it out.

 

[teslacoils]

Farm it. But as a closed unit. Muck your own land, turn it into your own feed.

 

[teslacoils]

Oh, unless you hate it in which case sell up and move to Barbados.

 

[icanshootwell]

This is a case for contractors to do the arable work, you need wheat and straw for the chickens and the muck goes back on the arable ground.

 

[chickens and wheat]

Dont rent it out, thats not tax friendly, share farm it. You can do some work yourself or not and account for your efforts in the share farm agreement.

I get to dry and store and sell all my grain, atleast this way I get all farm income in my bank, rather than going cap in hand to my share farm partner when I want some of my money.
Some years I miss the buzz of harvest time, others Im glad not to be involved - this year especially.
I built another poultry shed to keep my self busy the proceeds of selling my arable equipment went a good way towards funding the shed .

 

[B R C]

Yes, you have identified the fact that trying to do all your own work on relatively small acreage is in reality probably costing more than renting out, or possibly getting contractors in. This probably is not even including your own time. When you look at your total output you realise that your earnings will always limited purely down to enterprise size and maybe renting out and supplementing income with other things, if possible, will result in higher income and probably less work and stress.
In a similar situation, not big enough to employ someone and not enough income for myself to justify myself driving tractors along with wanting a better lifestyle after 30 harvests, so next year will be different. I do have significant diversification income which has helped the decision however.

 

[TripleSix]

If you love the job stay as you are.

If you want to make money rent the land out...

 

[Nearly]

If you love the job stay as you are.

If you want to make money rent the land out...

Buy a van, fill it with tools and go burning diesel every day.

 

[Jerry]

80 acres arable 120 grass, 3 broiler sheds. Should I just sell cattle and rent out land for arable and sheep keep and live off rent and broiler chickens?

Are there any other possible income streams on farm.

diversify and ease the burden on farming income.

And maybe be more self contained in output of arable going to feed chickens and muck back to arable. much demand for grass keep
Nearby?

 

[nick...]

Keep it and enjoy it.if you rent it out the land will probably be raped for all it’s worth and standards will probably fall massively
Nick...

 

[deleted user 837354]

Keep it and enjoy it.if you rent it out the land will probably be raped for all it’s worth and standards will probably fall massively
Nick...

There is the potential for that to happen but not everyone is a complete crook.

 

[Weasel]

What kind of cows have you got?

 

[nick...]

There is the potential for that to happen but not everyone is a complete crook.

I’m well aware of that but hear far more stories about lack of standards than people doing a great job
Nick...

 

[Steevo]

I’m well aware of that but hear far more stories about lack of standards than people doing a great job
Nick...

Hence why contract farming is probably better. Retain some control. More tax efficient. Likely a higher standard of work.

Had a contractor in this time around to do some planting and was extremely impressed at their attention to detail. Nothing seemed too much trouble, high quality and efficient with it.

 

[czechmate]

Hence why contract farming is probably better. Retain some control. More tax efficient. Likely a higher standard of work.

Had a contractor in this time around to do some planting and was extremely impressed at their attention to detail. Nothing seemed too much trouble, high quality and efficient with it.

Honeymoon