Yes it’s pretty much all down hill. Rents will have to go downCertainly doesn't look pretty on a tenanted farm paying rent which at present is the same amount as the BPS on permanent pasture and all livestock.
Yes sheep and cattle prices are better but costs will soon catch up.
Inflation will have to kick in to help the government out and then interest rates rise.
Well put statement that....I think it's critical going forwards that people define their farming as business full/part time or hobby so it can be managed effectively. If it's a business either full or part time it needs to pay an adequate wage and provide a return on investment. If it's a hobby then it's done for enjoyment and will probably cost money, break even or involve working without remuneration and this changes the decision making process significantly. Ideally you should have a budget for a hobby and of course the 'work' is optional, you should only be doing it if you enjoy it.
Well the way Farm incomes look as if they will be going in the next few years unless commodity and stock prices rise big time, the Govt will not be getting much tax back from us...!! Same with our Suppliers...ELMS is more like a version of the RDPE scheme….
To get anything you have to put money in to achieve the result….
Definitely not an annual income that the current scheme is.
The way the government is scratching around for money at the moment can’t really see any unexpected improvements.