Market drayton are selling herds/cows week in week out so there report would be well worth reading. I would hazzard a guess your herd of allsorts would av £1000 /cowHow long is a piece of string?
I have been milking for 45 years + and never bought or sold a milking cow, they’ve all gone as barrens, but I’ve reached an age when it’s time to give up.
Easy option is an on farm dispersal sale so I know I am getting the true market value.
Arriving at a value for a possible private sale is another matter.
I’m told the market is ‘on fire ‘ at the minute, since the recent milk price increases.
Which are the main auctions for commercial dairy cows, to look at sale reports?
I’ve got 190 cross bred cows, Holstein x Swedish Red X Montbeliarde, calving Jan – August, on an all grass system with self feed silage and parlour concentrates, moderate yields, high health, low replacement rate, so plenty of older cows.
Seems a shame to pay an auctioneer his commission if I can avoid it, but perhaps they are worth it, as I said at the start not a world I have any experience in.
Is it not the case that when you sell a herd of working cows they are exempt from CGT and income tax on the profit of the sale for that year?You should speak to your accountant before you do anything to minimise your tax burden aswell.
Depends how your herd is shown in your accounts.
Provided a herd basis election is in place, yes, otherwise taxed as income.Is it not the case that when you sell a herd of working cows they are exempt from CGT and income tax on the profit of the sale for that year?