Retirement Options

[Suffolk Serf]

A share farming agreement doesn't have to be 50/50 split
It can be weighted in favour of the new working farmer

If for example you were to share farm the entire outfit, lock stock & barrel with someone the pros may include
1) Allowing the present farmer to come back to the farm if his new lifestyle doesn't work out in the next 5 years?
2) Allowing a small return on capital
3) Allowing a new farmer to get a start & gradually buy into the farm
4) Making sure you have some input into the farm you have built up

Share farming agreements are just a blank piece of paper that 2 parties list their ideas/wishes/priorities on and then figure out how it could work to everyone's satisfaction----there are no rules

It might also be important for tax reasons that if share farming the owner stays nominally a farmer and income is taxed as earned, whereas if renting out is taxed as unearned- one reason for the popularity of contract farming in an arable situation. Probably.

 

[neilo]

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

Haven’t you been letting most of yours out for years, while you don your slippers?

Then recently posted that the place had fallen into disrepair and you’re putting a lot of effort into turning it round again?

 

[unlacedgecko]

Haven’t you been letting most of yours out for years, while you don your slippers?

Then recently posted that the place had fallen into disrepair and you’re putting a lot of effort into turning it round again?

Less slippers, more cycle shoes.

 

[Derrick Hughes]

Haven’t you been letting most of yours out for years, while you don your slippers?

Then recently posted that the place had fallen into disrepair and you’re putting a lot of effort into turning it round again?

No that was my dog stick and £2.50 sheep phase
Most of what I make now on the farm is drilled back in
Some of the grass that will be turned into milk

 

[Derrick Hughes]

Less slippers, more cycle shoes.

Yes I do cycle to keep fit

 

[unlacedgecko]

Yes I do cycle to keep fit
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I know. I was taking the pee. Are you a MAMIL?

 

[7610 super q]

Yes I do cycle to keep fit
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Loving the " Private no access " sign + barbed wire.

 

[Derrick Hughes]

I know. I was taking the pee. Are you a MAMIL?

No I'm a loner
It's mind over body with me , my first attempt at life came to an abrupt end , so after taking advise I took up exercise, 70 miles yesterday , not bad for someone who did not have the strength to lift himself out of bed 15 years ago

 

[capfits]

I am another in a similar position but on only 30 acres. A sharer would get the use of the acreage and could get a full range of machinery too. But where are these eager young farmers? Renting out doesn't seem an option with the SNP muttering about giving tenants the right to buy and I've tried short term lets.

I admit to being a bit fussy. I have five years of college and university in land management behind me as well as a professional qualification. I don't suffer fools gladly! It could be helpful if someone or some organisation could set up a sort of marriage bureau. Frankly, from past experience, I would not entertain any dealings with the SNFU. I did hear of such an organisation, sent off my details, and have received a deafening silence since!

Sorry but no young eager farmer is going to bother themselves for 30 acres with somebody peering over their shoulder trying to make a living.By your own admission it could soon end up like pushing water up a hill.
Plant it in trees, or layer sheds or solar panels.

 

[Dry Rot]

Sorry but no young eager farmer is going to bother themselves for 30 acres with somebody peering over their shoulder trying to make a living.By your own admission it could soon end up like pushing water up a hill.
Plant it in trees, or layer sheds or solar panels.

Good point. I probably wouldn't want to share with a cocky young know it all anyway as they're probably not as eager as they make out to be!