Storage containers

[delilah]

Visited a large estate last weekend. Not on farming business but to help a friend clear a container he rents there. There was close to 100 of them. He pays £1000/yr rent. Those containers would have been purchased, somewhere down the line, by the taxpayer. Pure profit after year 1.
There is no public good in paying public money to big business. I cannot think of a more regressive form of taxation. Unless ELMS breaks the 'money begets money' element of taxpayer support for the British countryside, it will be a fail.

 

[An Gof]

I really don’t follow your logic?

 

[britt]

Is your issue that they have bought the containers with SFP money ?
That argument could be levelled against any farm diversification.
Any "non farm" or "off farm" income is just another form of food production subsidy as it helps to keep the core business going in bad years. It's just not paid by the tax payer via the government.

 

[farenheit]

Wait until you find out how public schools are funded !!

 

[Bongodog]

They were about 2k each a few years back, so add in site set up costs, plus annual running costs and its certainly not 1 years rent and its paid for. Dependent on location it could be a nice earner, wrong location and get the bonus of people disappearing leaving a container full of nasty stuff to dispose of and maybe not.

 

[average farmer]

They were about 2k each a few years back, so add in site set up costs, plus annual running costs and its certainly not 1 years rent and its paid for. Dependent on location it could be a nice earner, wrong location and get the bonus of people disappearing leaving a container full of nasty stuff to dispose of and maybe not.

Struggle to get them now for 3k.

 

[michael N123]

Struggle to get them now for 3k.

If your handy with a welder there’s money to be made turning 1 40ft into 2 20fts as daft as it sounds

 

[ajd132]

I know people who have bought lots of containers to do this to replace their BPS money. Whether they paid for them from bps money I doubt it.

interestingly I did go to a few NFU meetings when brexit first happend and we were losing bps, it was those involved with big estates arguing the most passionately to how important bps was for the rural community and to their businesses because they employ so many different people (I don’t agree with them btw).

 

[Jam Tomorrow]

Visited a large estate last weekend. Not on farming business but to help a friend clear a container he rents there. There was close to 100 of them. He pays £1000/yr rent. Those containers would have been purchased, somewhere down the line, by the taxpayer. Pure profit after year 1.
There is no public good in paying public money to big business. I cannot think of a more regressive form of taxation. Unless ELMS breaks the 'money begets money' element of taxpayer support for the British countryside, it will be a fail.

Sounds like a shortfall of 20k
…closer to £1200/yr in these parts

 

[Case290]

Mine were 2.5k each few yrs back double that time the compounds build access roads gates Cctv ect. Takes yrs to fill all of them, Waist of time in my view. And now the containers are so expensive. But if you think that He’s making to much you could have a go ??.

 

[delilah]

It's not about the containers.

 

[jackp]

Visited a large estate last weekend. Not on farming business but to help a friend clear a container he rents there. There was close to 100 of them. He pays £1000/yr rent. Those containers would have been purchased, somewhere down the line, by the taxpayer. Pure profit after year 1.
There is no public good in paying public money to big business. I cannot think of a more regressive form of taxation. Unless ELMS breaks the 'money begets money' element of taxpayer support for the British countryside, it will be a fail.

How do you work out taxpayers bought them ? most things are bought by tax payers , I am a tax payer and I bought my house so you could say it was purchased with tax payers money

 

[Boydvalley]

If the government money was ploughed into another business I think the chancellor would think it was a good use of money and should get a lot back in tax.

 

[Tarw Coch]

It's not about the containers.

Odd choice of title for this thread in that case

 

[7610 super q]

At least they didn't buy more land with the subsidy, to claim yet more subsidy....

 

[Barleycorn]

They were about 2k each a few years back, so add in site set up costs, plus annual running costs and its certainly not 1 years rent and its paid for. Dependent on location it could be a nice earner, wrong location and get the bonus of people disappearing leaving a container full of nasty stuff to dispose of and maybe not.

I remember a few years back a lady rented out a large grain shed. The punter paid the first 3 months rent in advance, then buggered off. When she eventually cut the lock off and opened the door it was stuffed to the rafters with used car tyres. It cost her a fortune to dispose of them.

 

[Lofty1984]

I remember a few years back a lady rented out a large grain shed. The punter paid the first 3 months rent in advance, then buggered off. When she eventually cut the lock off and opened the door it was stuffed to the rafters with used car tyres. It cost her a fortune to dispose of them.

Think that’s a fairly common trick

 

[ajd132]

At least they didn't buy more land with the subsidy, to claim yet more subsidy....

Would be a pretty terrible way of investing subsidy. Containers sounds far more profitable.

 

[TheTallGuy]

Visited a large estate last weekend. Not on farming business but to help a friend clear a container he rents there. There was close to 100 of them. He pays £1000/yr rent. Those containers would have been purchased, somewhere down the line, by the taxpayer. Pure profit after year 1.
There is no public good in paying public money to big business. I cannot think of a more regressive form of taxation. Unless ELMS breaks the 'money begets money' element of taxpayer support for the British countryside, it will be a fail.

Have you seen full audited accounts for the business? If not then you are making some very big assumptions to get what you are driving at...

 

[farmerfred86]

I'm not convinced that containers are the great money earner many think. Largely overdone near us and many sitting empty.