Selling a farm

[midlandslad]

Speaking with a friend the other day, his family are considering a sale of the family farm as they have no succession.

do people think that now is a good time to sell?

 

[RAF]

Yes get it gone . There’s plenty money about

 

[BELOWAVERAGE]

Our landlord has just sold 8 (I think their all sold) one things for certain, you wouldn't have got trampled in the rush.

 

[jendan]

Speaking with a friend the other day, his family are considering a sale of the family farm as they have no succession.

do people think that now is a good time to sell?

I think it will be as good a time as any. There is alot of pent up demand at the moment.But as always location,size,and quality will determine. End April.May,June when the sun is shining,the weather has warmed up,and everything looks green.

 

[Agrivator]

Speaking with a friend the other day, his family are considering a sale of the family farm as they have no succession.

do people think that now is a good time to sell?

That's fine. But above all else, have a round-table discussion on how the proceeds are to be divided out, and make sure everyone agrees.

That will help ensure good future family relationships.

 

[Nearly]

10% entrepreneur's relief is a good reason to consider selling before Rishi moves the goalposts.

 

[Suffolk Serf]

Some bare land not too far from me has been on the market for about a year. Another farm took over a year to sell, having had one sale fall through, mind you the well known agents selling the farm appeared to me to be particularly hopeless.

 

[Old Tup]

10% entrepreneur's relief is a good reason to consider selling before Rishi moves the goalposts.

Might well be too late now....

 

[teslacoils]

Agent keeps saying he has good demand for one about my size. But they would. You only get one chance to sell. Personally I think farming has a good five years of money to make but then asset values are good.

My question is, what do you do with the money?

 

[Billboy1]

exactly , what do you do with the money ? i suppose it would be a nice problem to have .

 

[midlandslad]

Agent keeps saying he has good demand for one about my size. But they would. You only get one chance to sell. Personally I think farming has a good five years of money to make but then asset values are good.

My question is, what do you do with the money?

Pay off debts.

Very comfortable retirement.

Set the kids up with some money when they need it.

More often than not it is to pay out joint owners

 

[serf]

My question is, what do you do with the money?

This is the trouble , would be more of a worry than holding onto the land !

 

[Formatted]

Where is the best place to look for farms for sale?

 

[No wot]

exactly , what do you do with the money ? i suppose it would be a nice problem to have .

you do what everyone else does with a wedge of money does , ,,,,,, buy a farm , oh hang on !!!!!

 

[jendan]

Agent keeps saying he has good demand for one about my size. But they would. You only get one chance to sell. Personally I think farming has a good five years of money to make but then asset values are good.

My question is, what do you do with the money?

Pay 10% in Tax............................. buy a house to live in..............earn 0.8% interest in deposit accounts. Or you could always buy another farm with some cottages on it,which will probably appreciate more than 0.8% per year.

 

[jendan]

Pay off debts.

Very comfortable retirement.

Set the kids up with some money when they need it.

More often than not it is to pay out joint owners

Your live and deadstock should pay off any debts.

 

[teslacoils]

Where is the best place to look for farms for sale?

Uklandandfarms

 

[teslacoils]

Pay 10% in Tax............................. buy a house to live in..............earn 0.8% interest in deposit accounts. Or you could always buy another farm with some cottages on it,which will probably appreciate more than 0.8% per year.

Yes, if I sold up I'd probably just buy a smaller farm tbh.

 

[glasshouse]

Agent keeps saying he has good demand for one about my size. But they would. You only get one chance to sell. Personally I think farming has a good five years of money to make but then asset values are good.

My question is, what do you do with the money?

Lend it to the buyer

 

[DrWazzock]

Managed funds, stocks and shares ISA’s.
I reckon our annual farming profit is something like 1% on the capital tied up if you don’t count BPS which makes it 2% and that’s working your nuts off. My ISA,s have never done as badly as that and they never give me any bother at all.
We are mad to carry on really. I am not sure why we do. Maybe it’s land price inflation that keeps us going and nice place to live, hobby etc.