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options for farm

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Comments

  • #52
    White Clover
    Registered Users, Registered Users 2 Posts: 4,765 ✭✭✭White Clover


    Greengrass1 wrote: »
    You want 1.50 a day to look at heifers everyday and move them and have 8 wks AI?
    you muSt be joking.

    Price and value. Two different things altogether.


  • #53
    Farmer Pudsey
    Registered Users, Registered Users 2 Posts: 6,326 ✭✭✭Farmer Pudsey


    johnny122 wrote: »
    I take your points on higher wages but 50 is about average maybe 60 some years max. Have company vehicle and expenses so the 5 k is irrevalent,

    You are more than likly borderline as to which option is best. If you have flexibility at work with time and can get away with an 8 hour day away from home with work I think work and drystock would be best option from a lifestyle point of view. However it is borderline IMO as 70 medium yielding cows will generate a decent income.


  • #54
    Panch18
    Closed Accounts Posts: 2,471 ✭✭✭Panch18


    Farmer Pudsey wrote: »
    You are more than likly borderline as to which option is best. If you have flexibility at work with time and can get away with an 8 hour day away from home with work I think work and drystock would be best option from a lifestyle point of view. However it is borderline IMO as 70 medium yielding cows will generate a decent income.

    Personally I think the 70 cows couldn't compete with job + drystock - especially when you look at money now being invested to get to 70 cows, parlour sheds etc. Ok he'll be able to use it against a high rate of tax but still its spending money. Cows aren't the cash cow, pardon the pun, that most would like to portray them as!! In fact most years I think the cows couldn't match the job alone, nevermind with the drystock

    Anyway best of luck to you Johnny!!


  • #55
    Cattlepen
    Registered Users, Registered Users 2 Posts: 786 ✭✭✭Cattlepen


    If you asked me what to do a couple of years ago I would have said expand, go to seventy cows, borrow the fifty thousand and improve the farm but now I would advise you to keep job, lease a portion of the land but keep a third or half of it if you have any kind of decent sfp and just farm a few drystock on it. You will be very comfortable with the dual income and have time to have a normal life


  • #56
    just do it
    Registered Users, Registered Users 2 Posts: 5,422 ✭✭✭just do it


    Cattlepen wrote: »
    If you asked me what to do a couple of years ago I would have said expand, go to seventy cows, borrow the fifty thousand and improve the farm but now I would advise you to keep job, lease a portion of the land but keep a third or half of it if you have any kind of decent sfp and just farm a few drystock on it. You will be very comfortable with the dual income and have time to have a normal life
    Why the change of advice?


  • #57
    Cattlepen
    Registered Users, Registered Users 2 Posts: 786 ✭✭✭Cattlepen


    just do it wrote: »
    Why the change of advice?

    The advice has changed because I learned the hard way. Got myself into 200 sucklers and 975 ewes and a shed full of beef cattle and a bit of tillage. Had two full time lads that began to think the place was a fun park where they got a wage. Couldn't be relied on to do one weekend in every three so I would be left with the entire bloody mess myself. Not one moments peace or time for family life and to top it all off not enough money out of it for all the work. A busy fool really. So I consolidated sfp, leased out a good portion and reduced stock numbers. Am getting to the stage where I have time to catch my breath. Different man now


  • #58
    naughto
    Registered Users, Registered Users 2 Posts: 7,368 ✭✭✭naughto


    Do u have a famaily if u do f1uck the milking.
    Iam sure u are well educated to be on a nice salary why bust your balls to make half of your salery again.


  • #59
    _Brian
    Registered Users, Registered Users 2 Posts: 18,719 ✭✭✭✭_Brian


    johnny122 wrote: »
    Hi lads thanks for all the replies and info.

    Have come to some decisions ,
    Going to stick with the cows for the present and invest money in upgrading farm (parlour which was on cards anyway) roadways water some shed work etc.

    Plan Is to keep job for two years at least and get farm up to full speed with some casual Labour help and more contractor use.

    Going to spend as much on farm in a wise way that will pay back for itself in the future in this way hopefully minimising tax bill. I will then 're access in two years and maybe farm full-time as I will probably be sick of two jobs at that stage

    I think there is allot of merit To this decision.
    You'll have a better view if where the milk system sits when the dust settles a bit.

    Quotas are just barely gone out the door, I see no need to rush decisions, particularly those that impact your whole family, such as kicking in the day job. In two years I think you'll be better positioned to make a decision bases on the behaviour of the milk market.


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