Dear all,
This is my first post so please excuse if I muck it up.
My Father-in-law has a dairy farm plus 600 ewes. His son (partner in farm) has decided he no longer wants to farm and us moving away.
Father-in-law, let's call him Bob for ease, wants to scale down understandably. He is happy to keep on milking for a few years to tie everything up and then run the parlour down.
He would like us to take on the sheep. We are in a good position. We live in a nice cottage on the farm (which we half bought, half inherited) , bills are high, but it's old and we've been renovating-sorry this info is semi-important as it's part of the decision process.
My husband is a full time teacher and I work part time. Childcare is crippling and I don't clear much after tax, pension etc- but it's something and despite the financial mess of everything,the business I work for is pretty stable.
I grew up on a farm. I've helped lamb before and I am working with Bob now to learn more about the sheep and how to keep them healthy. He lives three fields away and will be on hand if I need it.
The question is, is it worth giving up my job to do this? Will there be any money in it at all? I plan to butcher (third party) and sell- I already do this with my pigs and broilers- but not on this kind of scale. Some for meat, some for market.
I own the land, have no mortgage and the 600 ewes will come to me after this year's lambs are gone- Bob only sells on.
Sounds like a gift, but I'm worried it will be a huge stone around my neck. I have a lot to learn!
Is it viable or should I just say no?
This is my first post so please excuse if I muck it up.
My Father-in-law has a dairy farm plus 600 ewes. His son (partner in farm) has decided he no longer wants to farm and us moving away.
Father-in-law, let's call him Bob for ease, wants to scale down understandably. He is happy to keep on milking for a few years to tie everything up and then run the parlour down.
He would like us to take on the sheep. We are in a good position. We live in a nice cottage on the farm (which we half bought, half inherited) , bills are high, but it's old and we've been renovating-sorry this info is semi-important as it's part of the decision process.
My husband is a full time teacher and I work part time. Childcare is crippling and I don't clear much after tax, pension etc- but it's something and despite the financial mess of everything,the business I work for is pretty stable.
I grew up on a farm. I've helped lamb before and I am working with Bob now to learn more about the sheep and how to keep them healthy. He lives three fields away and will be on hand if I need it.
The question is, is it worth giving up my job to do this? Will there be any money in it at all? I plan to butcher (third party) and sell- I already do this with my pigs and broilers- but not on this kind of scale. Some for meat, some for market.
I own the land, have no mortgage and the 600 ewes will come to me after this year's lambs are gone- Bob only sells on.
Sounds like a gift, but I'm worried it will be a huge stone around my neck. I have a lot to learn!
Is it viable or should I just say no?