We are looking to expand our current enterprise, which we are farming around 280 ewes on rented/short term grazing lets. we have been trying top find more ground but its very hard to find and when you can find it, the ground is either too far away or too expensive and we seem to be hitting a brick wall.
We had a local estate get back to us saying they have a tenancy farm coming to an end, with thew tenant going to retire they are looking for what to do next with the farm. They have told us they don't want to re let it under a tenancy as they haven't been happy with how it has been run for many years (neglect etc then the estate foots the bill) and re letting under a tenancy doesn't suit them for tax purposes and they want to be seen as active farmers but don't want to be actively involved. It hasn't been discussed yet but I think we would bring and put on all stock and machinery and labour/running of the farming business, the estate would provide the land, farm yard ,steading and a house for us to stay in. Ground is in need of some tlc, the steading is in not bad order. Fencing would need doing in places too.
How would it work with subsidies? Would the split of profit just be similar to that of a rent? How would we get some security for ourselves going forward?Is there a model of share farming/contract farming that you think would suit this situation best?
We had a local estate get back to us saying they have a tenancy farm coming to an end, with thew tenant going to retire they are looking for what to do next with the farm. They have told us they don't want to re let it under a tenancy as they haven't been happy with how it has been run for many years (neglect etc then the estate foots the bill) and re letting under a tenancy doesn't suit them for tax purposes and they want to be seen as active farmers but don't want to be actively involved. It hasn't been discussed yet but I think we would bring and put on all stock and machinery and labour/running of the farming business, the estate would provide the land, farm yard ,steading and a house for us to stay in. Ground is in need of some tlc, the steading is in not bad order. Fencing would need doing in places too.
How would it work with subsidies? Would the split of profit just be similar to that of a rent? How would we get some security for ourselves going forward?Is there a model of share farming/contract farming that you think would suit this situation best?