Hi all,
I'm a bit of a long time lurker but this is my first real post.
I come from a farming background but have no business/farm to join. My grandparents farmed in South Wales until the early 2000's before selling the herd. I have spent all my working life in farming. During time spent working in NZ we (wife and I) decided that we should look at the possibilities of share milking when we got home. After a few years of doing relief milking/general farm work we found a farmer who is interested in a share agreement/Joint venture. Last year we started on a small scale and I just received a small percentage of the milk cheque for appropriate hours/responsibilities.
A year on everything is working well and my share of the milk cheque has increased and we receive a percentage of calves born, all for a lot more work mind!! So far everything is going great and as a new entrant this is a fantastic way for us to break into the industry without having a massive capital outlay and we are really grateful for the opportunity.
My question is whether anyone else is doing anything similar? One problem we have is that as yet we have nothing in writing. We are trying to sort this but it is tricky as finding any sort of template is hard. It would be great if someone else on here is/has done something similar and could offer some tips/advice on putting an agreement together. If there is enough share milkers/farmers interested we could even start an online discussion type group?
Thanks for taking the time to read and I look forward to any replies.
Cheers
I'm a bit of a long time lurker but this is my first real post.
I come from a farming background but have no business/farm to join. My grandparents farmed in South Wales until the early 2000's before selling the herd. I have spent all my working life in farming. During time spent working in NZ we (wife and I) decided that we should look at the possibilities of share milking when we got home. After a few years of doing relief milking/general farm work we found a farmer who is interested in a share agreement/Joint venture. Last year we started on a small scale and I just received a small percentage of the milk cheque for appropriate hours/responsibilities.
A year on everything is working well and my share of the milk cheque has increased and we receive a percentage of calves born, all for a lot more work mind!! So far everything is going great and as a new entrant this is a fantastic way for us to break into the industry without having a massive capital outlay and we are really grateful for the opportunity.
My question is whether anyone else is doing anything similar? One problem we have is that as yet we have nothing in writing. We are trying to sort this but it is tricky as finding any sort of template is hard. It would be great if someone else on here is/has done something similar and could offer some tips/advice on putting an agreement together. If there is enough share milkers/farmers interested we could even start an online discussion type group?
Thanks for taking the time to read and I look forward to any replies.
Cheers