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Livestock
Livestock & Forage
Value of Bull
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<blockquote data-quote="GenuineRisk" data-source="post: 146590" data-attributes="member: 12"><p>To avoid falling out with your neighbour, would it be an idea to leave this in the hands of your insurance company to deal with his insurance company ? That way personalities etc can be left out of the equation. </p><p></p><p>If the bull was 3yo or under, then he value will have increased since you purchased him but you also will have had calves by him, so that's a balancing act. On your balance sheet, remember, he will be a decreasing asset each year. But you have to replace him, so cost of replacement bull, fertility insurance (unlikely you'll want him working now?), search fees and transport to farm. I think you'll be on to a loser trying to claim for lost income/profit but that's down to a decent agent to deal with.</p><p></p><p>My advice would be if you are on good terms with your neighbour and want to keep it that way, then being reasonable will pay in the long term.</p><p></p><p>Sorry that you lost your bull!</p></blockquote><p></p>
[QUOTE="GenuineRisk, post: 146590, member: 12"] To avoid falling out with your neighbour, would it be an idea to leave this in the hands of your insurance company to deal with his insurance company ? That way personalities etc can be left out of the equation. If the bull was 3yo or under, then he value will have increased since you purchased him but you also will have had calves by him, so that's a balancing act. On your balance sheet, remember, he will be a decreasing asset each year. But you have to replace him, so cost of replacement bull, fertility insurance (unlikely you'll want him working now?), search fees and transport to farm. I think you'll be on to a loser trying to claim for lost income/profit but that's down to a decent agent to deal with. My advice would be if you are on good terms with your neighbour and want to keep it that way, then being reasonable will pay in the long term. Sorry that you lost your bull! [/QUOTE]
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Value of Bull
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