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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Tenant farming costs, complete newbie basic questions
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<blockquote data-quote="Goweresque" data-source="post: 7725064" data-attributes="member: 818"><p>Bear in mind that there's a big difference between renting bare land (ie with no house or buildings attached) and renting a complete farm. The former might be achieved for £100/acre, and it should be possible to rent the sort of acreage you're looking for on that basis. Whether anyone would take you on as a tenant on the basis of your plans is another matter, but such rentals are available. </p><p></p><p> Whereas complete farms with houses and farm buildings that are up for rent will usually have considerably more land attached than than the 30 acres you're talking about, and will end up far more expensive because of the additional assets you're getting control of, a house plus buildings as well as land. People renting out such assets will require a lot of assurances about the bona fides of the prospective tenant, their financial status, the solidity of their business plans etc etc. When farms are up for rent there are usually a lot of applicants, almost all of which will either be former tenants of other farms, locals trying to expand their own farming operations, or possible new entrants with lots of farming experience, ie serious applicants who have operated in the industry for many years. Jotting a few numbers down on the back of an envelope and offering a some headline figure of rent (however large that number might be) as a complete newcomer to the industry will result in only one thing, your application being chucked out as soon as its read. Sorry but thats the reality. </p><p></p><p>If you want to make your fortune in chicken (or pigs) then go and work on a chicken (or pig) farm for a few years and gain some experience of what is actually involved. Then you'll have a better idea of what you need to be doing to start your own business.</p></blockquote><p></p>
[QUOTE="Goweresque, post: 7725064, member: 818"] Bear in mind that there's a big difference between renting bare land (ie with no house or buildings attached) and renting a complete farm. The former might be achieved for £100/acre, and it should be possible to rent the sort of acreage you're looking for on that basis. Whether anyone would take you on as a tenant on the basis of your plans is another matter, but such rentals are available. Whereas complete farms with houses and farm buildings that are up for rent will usually have considerably more land attached than than the 30 acres you're talking about, and will end up far more expensive because of the additional assets you're getting control of, a house plus buildings as well as land. People renting out such assets will require a lot of assurances about the bona fides of the prospective tenant, their financial status, the solidity of their business plans etc etc. When farms are up for rent there are usually a lot of applicants, almost all of which will either be former tenants of other farms, locals trying to expand their own farming operations, or possible new entrants with lots of farming experience, ie serious applicants who have operated in the industry for many years. Jotting a few numbers down on the back of an envelope and offering a some headline figure of rent (however large that number might be) as a complete newcomer to the industry will result in only one thing, your application being chucked out as soon as its read. Sorry but thats the reality. If you want to make your fortune in chicken (or pigs) then go and work on a chicken (or pig) farm for a few years and gain some experience of what is actually involved. Then you'll have a better idea of what you need to be doing to start your own business. [/QUOTE]
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