money in farming

massey 133

is there any money in any farming sector. we have sucklers and finish all animals we are only breaking even.

massey woman

Well done
If your breaking even your a minority afaik
If you apportion any value for your time and effort and cost it at the minimum rate I will guarantee you that you will not cover your costs or even make a margin
We are all so stupid all this effort for zero ?
Late nights lambing,calving,scours,sub zero temps,frozen pipes etc etc all for Larry Mac an Fear
White coats on the way

maidhc

massey woman wrote: »

Well done
If your breaking even your a minority afaik
If you apportion any value for your time and effort and cost it at the minimum rate I will guarantee you that you will not cover your costs or even make a margin
We are all so stupid all this effort for zero ?
Late nights lambing,calving,scours,sub zero temps,frozen pipes etc etc all for Larry Mac an Fear
White coats on the way

Why?

massey woman

Why?
because it makes absolutely no sense to continue supporting complementors-Porters 6th force-without financial benefit
Remember farming is a business and any business not making a margin doesnt survive or prosper
I know absolutely nobody deriving an income from full time farming who can meet their financial commitments in full and on time
Do you?

mossfort

with current prices for commodities there are no sectors in farming that are making a profit at the moment when the books are balanced.
you can read stories in the farmers journal about some farmers who say they are making a profit but for the scale of their operations its a very small profit.
whats stopping some people from getting outof farming is a lot of them have a fairly large sfp to fall back on .

massey woman

mossfort wrote: »

with current prices for commodities there are no sectors in farming that are making a profit at the moment when the books are balanced.
you can read stories in the farmers journal about some farmers who say they are making a profit but for the scale of their operations its a very small profit.
whats stopping some people from getting outof farming is a lot of them have a fairly large sfp to fall back on .

Spot on Mossfort
2013 will tell a different story based on projections/proposals I have seen so far
Many farmers are afraid to depopulate to the minimum as it is believed aggregated current numbers will be the main basis for supports post 2013
I believe social welfare at current levels is as good if not a better option than farming

networks

massey woman wrote: »

Spot on Mossfort
2013 will tell a different story based on projections/proposals I have seen so far
Many farmers are afraid to depopulate to the minimum as it is believed aggregated current numbers will be the main basis for supports post 2013
I believe social welfare at current levels is as good if not a better option than farming

are they not thinking bout a flat rate payment per hectare like poland etc from 2013 onwards??it would be more equitable

dryan

does anyone out there have any idea what the post 2013 payment is going to be based on?

Is there going to be a payment at all?

I remember back to 2002/3, there were a few lads out there that knew prior to 2000 that the SFP was going to be an average of the 00 - 02 subsidies....and as a result they have savage SFP.

Is it time to be stocking up again?

reilig

Debates like this one have been going on for the last 50 years in irish Agriculture. Nobody is making any money. Farmers are working 100 hours a week for the equivalent pay of 20 hours a week on the minimum wage. Its always been the same. Years ago when I was in College, we went on a field trip to the EU parliament in Brussles and met with several MEPs. All of them told us that Ireland did so well out of Europe because we were the best at complaining that we had nothing. The emphasised the farmers in Ireland and complimented them on how good their sympathy cry was.

I know people who make money from farming - profit before single payment.
Massey Woman, you should go to some of the Teagasc open farm days around Mohill. They meet quarterly on different farms and show how ordinary farms can make profit (from their animals rather than the single payment). Its a real eye opener.


There are just so many farmers out there who don't make profit on their farm because they don't need the money. They would like the money, but they live comfortably on their grants and don't have to bother to farm properly just in case they might make a profit and have to pay tax on it. People even spend a lot of their SFP on their farm so that they don't make a profit on it.

If you have an off farm job, it makes no sense to operate your farm so that it makes a profit, because if you make a loss on your farm, you can set it against some of the tax on your off farm job and reclaim it. On the other hand if you make a profit on your farm and have an off farm job, then you may end up paying over 40% of this profit to the tax man.

2013 will bring a lot of changes to farming. But a lot of them will be positive. With no grants, people will have to farm to make money on their animals or else people will get out of farming altogether and lease of sell their land to people who have the ability to farm the land and make money on it.

But, in short, if you have a deascent amount of land and you are willing to work hard at it - make farming your way of life rather than just your job, then it is quite possible to make enough money to live fairly comfortably. However, there is no guarantee that you will ever become a millionaire.

EDIT: And unless you're doing something seriously wrong, you should always be able to put food on the table, even if you have to grow it yourself.

maidhc

massey woman wrote: »

Why?
because it makes absolutely no sense to continue supporting complementors-Porters 6th force-without financial benefit
Remember farming is a business and any business not making a margin doesnt survive or prosper
I know absolutely nobody deriving an income from full time farming who can meet their financial commitments in full and on time
Do you?

No, my question was why do it if there is no money in it!

I work full time, and farm when I get a chance.

JohnThomas09

maidhc wrote: »

No, my question was why do it if there is no money in it!

I work full time, and farm when I get a chance.

theres a few answers to that.

Most people are born into ie.their father was a farmer and his father blah blah..

Also farming brings land with it and you can never turn down land as their not currently making anymore land.:rolleyes:

Its also a way of life for some many people.

irish_bob

JohnThomas09 wrote: »

theres a few answers to that.

Most people are born into ie.their father was a farmer and his father blah blah..

Also farming brings land with it and you can never turn down land as their not currently making anymore land.:rolleyes:

Its also a way of life for some many people.

whether we like to admit it or not , most farmers in ireland make at least one of thier kids carry on farming or at least this was the case untill very recently , irish people have an almost unique attitude and attachment to land which is unparralleled , btw , ive always found the term, thier not making any more of it somewhat amusing , they werent making any more of it a hundred years ago either:rolleyes: