Retirement Options

[TJ5]

| wouldnt be looking to advertise would be for someone i knew or friends recommended.
There are couple of young lads one part of a farming family just taken on land in similar circumstances.
Other working away and renting seasonal lets
The land could easily be split into 3 lots of 50 acre ish parcels
I'm thinking someone who wanted the whole farm might also need the house and i'm not ready to leave quite yet

 

[TJ5]

Just rent the land out ( short term fbt ) and carry on living in a nice house & location.

Got the location, house isnt quite up to nice standard yet

 

[TJ5]

If you want to travel then you dont want any stock, we are looking at a similar situation although I'm ten years older, income is the issue obviously, we are lucky that we have a few let units which will provide our pension that might be harder if you are a bit away from town.
Main thing is go for it you only live once and you're a long time dead.

My plan was to retire at 60 but things change and i'd like to travel without needing a stick. Hard enough remembering to pick up my glasses, phone and wallet before heading out the door.
'you only live once and long time dead' has been in my head for 6 years and one reason why i have interests outside farming

 

[Fendt516profi]

Any suggestions where to look for info
Only one i read about used to be in fwi many years ago. Interesting but obv from the land owners view

A chat with this man will tell you all you need to know I believe https://www.yorkshirepost.co.uk/cou...-sometimes-sharing-really-answer-farm-1796452

 

[Fendt516profi]

Craven Country Ride | Cravenbale Horse Hay | Horse Livery | Pot Haw Farm

Pot Haw Farm is a traditional working farm in Craven in the Yorkshire Dales, offering horse riding & Trekking, Horse Hay, Holiday Horse Livery & Camping & Caravanning

www.pothawfarm.co.uk

One of his share farmers telephone number there will soon put you in touch with the man himself

 

[glasshouse]

Anyone who goes into a partnership with an old person is taking a huge risk.
When they die or lose their marbles you will be dealing with offspring desperate to get you out now that the farm is looking good and ripe to sell.

 

[upnortheast]

You need to talk to accountant / solicitor. Important that you do not loose capital tax releifs that an " active farmer. ' benefits from.

 

[Derrick Hughes]

He will need to be active to claim the SFP ,

 

[sheepwise]

Reading the post again you it seems you want to keep some control and still do a bit , so I would defo consider short term letting

And have it run into the ground.

 

[michael N123]

Give it to me and you can keep the payment xx

 

[neilo]

He will need to be active to claim the SFP ,

With a bit of luck, those slippers are about to be removed.

 

[7610 super q]

And have it run into the ground.

I'd far rather have land " run into the ground " than grant a long term tenancy and lose the ground altogether for 200 years......
So far on this thread we've had the young guns that are arguing over whether share farming agreements will pay before they've even started, and others that want the land cheap for 25 decades.

My advice to the OP is keep it simple, keep it short, watertight agreement, don't land yourself with aggravation.

 

[Anymulewilldo]

Anyone who goes into a partnership with an old person is taking a huge risk.
When they die or lose their marbles you will be dealing with offspring desperate to get you out now that the farm is looking good and ripe to sell.

This is why I thought it better too “rent” the farms rather than share farm. Everything that is mine can be loaded up and moved in 1/2 a day. BUT I do have the advantage of the home farm where we base everything. Anyone without this operating base and so in need of using the share farmed units as a base is playing with fire as you say.
@TJ5 if you know a couple of likely local lads or lasses that’s ideal! No reason why it couldn’t work similar to my arrangements. Leaves you free too do whatever you like and dip in when you fancy as well. In theory they will care for the land far better than a succession of short term summer let’s and winter sheep tack.

 

[Derrick Hughes]

And have it run into the ground.

That's your opinion , depends who you get and the owner is in charge ,

 

[Fendt516profi]

That's your opinion , depends who you get and the owner is in charge ,

6 months people aren't going to be putting much into it when another man could be getting benefits for next 6month

 

[Derrick Hughes]

6 months people aren't going to be putting much into it when another man could be getting benefits for next 6month

The owner does that ,that's why rents are so high £150 for a 6 month let plus winter tack ,

 

[Anymulewilldo]

I'd far rather have land " run into the ground " than grant a long term tenancy and lose the ground altogether for 200 years......
So far on this thread we've had the young guns that are arguing over whether share farming agreements will pay before they've even started, and others that want the land cheap for 25 decades.

My advice to the OP is keep it simple, keep it short, watertight agreement, don't land yourself with aggravation.

There’s a massive difference between a 12/24 month agreement and a 6 month one! Around here the people who have let there farms in that respect get the outfits who plaster N on and no organic matter at all, then wonder why after 5 years the farms turn yellow!

 

[Anymulewilldo]

The owner does that ,that's why rents are so high £150 for a 6 month let plus winter tack ,

If the owner doesn’t have access too muck, how will they keep the land in good heart?

 

[Guiggs]

@TJ5 where are you located?

 

[Derrick Hughes]

If the owner doesn’t have access too muck, how will they keep the land in good heart?

Most if not all are dairy farm let's around here so plenty of muck , but if it's grazing land then sheep won't remove much fertility as long as pH is looked after