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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Renting a farm personal issues.
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<blockquote data-quote="som farmer" data-source="post: 7850554" data-attributes="member: 86168"><p>we are currently helping a young lad out, who through no fault of his own, got dragged into his parents bankruptcy, he left the partnership, 2 years previous to the deed, 1 creditor insisted he was still in the frame.</p><p> He is currently trying to get a farm business, up together, and has found the black mark, doesn't disappear, as he was told, it will take a long time to get a good credit score. And, in some way's, you can understand the reluctance of finance, or bank, to lend.</p><p> But he is getting there, mainly by working hard, for a contractor, and renting bit's of land, now has 30 odd sucklers. The stupid bit, he has a sensible positive bank balance, and earning good money.</p><p> That black mark, lasts a lot longer than it's meant to. There are chances out there, other than renting a farm, you can build up stock numbers etc, so when you do get your break, you can show you can 'walk straight in, ready to go'. You can understand the reluctance of l/lords, to take the risk. £200/ac takes some sticking, even if it includes a house.</p><p>I really wish you the best of luck.</p></blockquote><p></p>
[QUOTE="som farmer, post: 7850554, member: 86168"] we are currently helping a young lad out, who through no fault of his own, got dragged into his parents bankruptcy, he left the partnership, 2 years previous to the deed, 1 creditor insisted he was still in the frame. He is currently trying to get a farm business, up together, and has found the black mark, doesn't disappear, as he was told, it will take a long time to get a good credit score. And, in some way's, you can understand the reluctance of finance, or bank, to lend. But he is getting there, mainly by working hard, for a contractor, and renting bit's of land, now has 30 odd sucklers. The stupid bit, he has a sensible positive bank balance, and earning good money. That black mark, lasts a lot longer than it's meant to. There are chances out there, other than renting a farm, you can build up stock numbers etc, so when you do get your break, you can show you can 'walk straight in, ready to go'. You can understand the reluctance of l/lords, to take the risk. £200/ac takes some sticking, even if it includes a house. I really wish you the best of luck. [/QUOTE]
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Renting a farm personal issues.
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