Rents

[puppet]

Joseph and his 7 years of plenty was a lesson to all businesses. There were some years when dairy farmers were taking their monthly earnings to the bank in a wheelbarrow. Some were actually prepared to admit it. Suddenly everything changed 5 years ago but all the shiny metal and buildings which that money was spent on and extra borrowed against still had to paid off.
Same again but people still have to eat so it will settle down. As the lockdown eases people will hopefully be desperate to treat themselves. There are still a lot of people getting full income.
Locals here are already talking about supporting closed local businesses and shops in future who are really losing out in a major way.
Hopefully their memories are long enough.

 

[rob1]

It sounds like some farmers are doing what normal people do these days, living on borrowed money and credit, well now it looks like the chickens have come home to roost, on the other side of the coin none of my tenants have asked for a reduction although one has defered an expansion into another unit and I expect them to ask for a rent free period soon, all mine apart from that one are one man busineses that are still operating uing up stock, when thats gone it might be more difficult for them but most have said they can survive till autumn without issues

 

[Clive]

I understand your point entirely and I’m not having a dig. Your tenants are probably earning absolutely nothing, but we as an industry still are.

some have zero income, some just big cuts but as their landlord i want to help them as i need them to get though this

i think from a farming point of view weather will half my yields this year - prices will rise to maybe compensate for 25% of that but overall weather will do to farms what c19 is doing to a lot of other industries right now

why can’t landlords share the pain with their farmers just as they are with other industries- it’s in their interest long term as well

 

[TomD]

some how zero income, some just big cuts

i think from a farming point of view weather will half my yields this year - prices will rose to many compensate for 25% of that but overall weather will do rio farms what c19 is doing to a lot of other industries right now

what can’t landlords share the psin with their farmers just as they are with other industries- it’s in their interest long term as well

Have you offered people who advertise on here cheaper rates at the moment or made it free for them?

 

[Clive]

Have you offered people who advertise on here cheaper rates at the moment or made it free for them?

yes indeed we have

your point being ?

 

[Stewartry hill]

Got my bill for short term grass let's yesterday 20% back on year.Independent valuation by agent.Fair for both parties

 

[d williams]

As I said earlier, my “landlord” has given me 12 months rent free on 1000 acres ( NO rent ) & had reduced the rent for the last two years, due to seasonal conditions & lack of income

unbelievably generous if you ask me . . .

Good on him seems a very fair man
Will the generosity be shown if and I hope you do get a good harvest and profit with some sort of share/ dividend going back to landlord ??

 

[glasshouse]

one thing I can’t help noticing about TFF, there is a LOT of animosity & parochial attitudes between the various sectors of agricultural industries. Especially towards large farms & arable farms. Lots of discussion about what a “real” farmer is, etc etc
FFS - it is all SO childish & to be honest, shows a lack of professionalism
No wonder we don’t take many of you seriously . . .

When i was in oz in the eighties, the big graziers looked right down on those who scratched about in dirt and they looked down on the Italian small market gardeners round sydney

 

[Cab-over Pete]

some have zero income, some just big cuts but as their landlord i want to help them as i need them to get though this

i think from a farming point of view weather will half my yields this year - prices will rise to maybe compensate for 25% of that but overall weather will do to farms what c19 is doing to a lot of other industries right now

why can’t landlords share the pain with their farmers just as they are with other industries- it’s in their interest long term as well

I think you’ve eluded to the answer in the past.

It’s maybe not in the landowners interest to look after you, because somebody will always take it at a high rent.

Then they can’t afford to put the lime on it. ?

Even though they’ve wasted my time getting it sampled! ??.

 

[Goweresque]

why should landowners be protected from consequences while it’s ok for everyone else to suffer under extraordinary conditions ? be that c19 or extreme weather

When the grain price went to £200/tonne and you made a killing, did you offer your landlords any extra rent?

 

[glasshouse]

As I said earlier, my “landlord” has given me 12 months rent free on 1000 acres ( NO rent ) & had reduced the rent for the last two years, due to seasonal conditions & lack of income

unbelievably generous if you ask me . . .

Its just sensible, your retired farmer landlord knows the score i doesnt want to try to take blood from a stone
Contrast that with my former landlord, on whom i sought a rent reduction in 04 following the carnage of bse , foot and mouth and catastrophic grain prices and low subsidies.
He fought me through every court he could find for 9 years

 

[d williams]

some have zero income, some just big cuts but as their landlord i want to help them as i need them to get though this

i think from a farming point of view weather will half my yields this year - prices will rise to maybe compensate for 25% of that but overall weather will do to farms what c19 is doing to a lot of other industries right now

why can’t landlords share the pain with their farmers just as they are with other industries- it’s in their interest long term as well

I think this should bring a new way of farming to the market place as in wealthy land owners looking to protect wealth and farmers short on capital who can farm
I’ve seen it go this way in construction where people share risk and profit greed is no good to any partnership

 

[Yale]

All I can say is thank god we have not diversified.

We have bought land and the bank will be wanting that paid off eventually but as beef suckler and sheep farmers we are well used to being bottom of the income scale and have tightened the belt to the last hole.

Its surprising what you can live on if you when you cut out unnecessary costs of living.

To everyone else........welcome to my world.

 

[DrDunc]

big arable boys make fortunes while doing nothing myth again !

no farmers have made fortunes for a quite sometime, in fact it’s a reasonable achievement for a farm to not loose money for many farmers


BIg LANDOWNERS will be making a fortune as always through rents or rent equivalent if they also farm plus subsidy payments providing income from their multi million assets

let’s not confuse land ownership and farming again - they are not the same thing !

Let's not forget that you had to cancel your skiing holiday because of the virus either. Not many livestock farmers have had to do that !

Rent reduction?

If you're a tenant you hope for nothing except perhaps a little extra grease when the laird's factor bends you over.

 

[TomD]

yes indeed we have

your point being ?

Where do we stop? do contractors tell customers dont pay us until this is over ? Do feed merchants say pay us in 6 months ? Why stop just at rents, but money makes the world go around so if the chain starts breaking there will be a knock on effect

 

[Derrick Hughes]

Any rent i get does not scratch the surface of my reinvestment, so short term gain for longer term pain as far as tenants go , sounds daft but higher rent is your gain
Same with straw, cut the price less will get baled everyones loss

 

[nelly55]

Why is it on here anyone who mentions money gets knocked down ,it seems to be those that are fortunate to have no mortgage,owe nothing,are so quick to condemn those that have O/d ,mortgage etc.Maybe a few bad Ast tenants would give a new view of the world.As for livestock farmers yes we are getting a kick in the teeth and if anyone else tells me I’m getting damn sfp on cattle they will still have their ears ringing with my language next Christmas.Times are bad enough at the moment without having a go at each other.Living with someone who has serious health and may have the virus is worrying enough.

 

[glasshouse]

I think this should bring a new way of farming to the market place as in wealthy land owners looking to protect wealth and farmers short on capital who can farm
I’ve seen it go this way in construction where people share risk and profit greed is no good to any partnership

New way of farming??????
Its as old as god

 

[grainboy]

When the grain price went to £200/tonne and you made a killing, did you offer your landlords any extra rent?

I didn’t, because they DID, took it the next year in increased rent,
Challenged the point, what when it’s back down to £100 ton, ?
We will asses it then, rubbish did they,
Handed in my notice, and they were surprised !!
Worse thing that happened, over £200 ton ,

 

[Danllan]

yes indeed we have

your point being ?

His point was obvious, as you must surely know, that advocating others taking a financial hit and not to do so yourself would be an hypocrisy.

That aside... if the worst really does come to the worst, and TFF requires a subscription fee to keep running, will you promise now, and put it on the record, that such a fee would be done away with once things are back to normal?

I write that purely because history teaches us that such things do tend to stick - after all, income tax was originally meant to be temporary measure...