Isn’t that a lovely farm.

Gods Gift

Base price wrote: »

Million dollar (euro) question - If you won the Euro Millions next draw of €130m would you buy it?

Yeah. And leave it idle. Let it back to nature and wildlife.

Genghis Cant

The Tetrarch wrote: »

Just a wild guess, but they spent months clearing away stuff to the dump and cleaning up the place.

I wouldn't think so. It's always that tidy. In fact you'd regularly see the old man collecting any rubbish along the roads in the area.

Gods Gift

Gods Gift wrote: »

Yeah. And leave it idle. Let it back to nature and wildlife.

Well that would be a waste of money and a waste of good land.

K.G.

Plenty money anyway so why would i need more.Hate to win that kind a money,nobody would be straight with you again and even if you they were you be paranoid abou it.

Wildsurfer

K.G. wrote: »

Plenty money anyway so why would i need more.Hate to win that kind a money,nobody would be straight with you again and even if you they were you be paranoid abou it.

A million would do me. Enough to pay off debts, finish what I have left to do on farm and a bit left over to enjoy.

K.G.

K.G. wrote: »

Plenty money anyway so why would i need more.Hate to win that kind a money,nobody would be straight with you again and even if you they were you be paranoid abou it.

I dream about winning that sort of money, it would just so damn good! Euro millions is done twice a week and fingers crossed!

To be honest I’d be disappointed to only win a few million at this stage when the jackpots go so high and a very very large win would be truly life changing, your buying power would be massive and your family setup for generations to come.

I’d be telling no one outside of close family though and would be buying up land and businesses as a front to why I was “gradually” getting wealthy.

Gods Gift

I don’t know but I reckon it would be boring after a while working a farm like that. One of the good things about our tillage end of things is moving around to different areas. Different fields , shaped fields and obstacles. Makes the thing a little more interesting. Big fields like that and straight lines everywhere would be very boring after a while.

arctictree

patsy_mccabe wrote: »

I bought some land a few years ago. A few smart comments that I paid too much for it. That was until a parcel up the road was sold 2 years later. The amount the guy spent fencing it was equal to what I paid for mine and only about 1.5 times the size.
That put an end to the smart comments.

We bought 23 acres in 2015. Bounded right up one side of our farm. People say we overpaid for it but it's worked out really well. Nothing beats buying land beside you and it may only happen once in a lifetime.

Bass Reeves

Base price wrote: »

Is it really a no brainer. TBH I would be out over faced with that much land, out of my depth and lacking the necessary skills/knowledge to farm it properly. I'd end up paying every tom, dick and harry to work/manage it for me with the end result of loosing money on the investment.
I know two individuals (not farmers) who made big money in the eighties/noughties through sheer hard work. They both invested in land (estates/large farms) in the Leinster counties, one more so than the other and employed farm managers to look after their various estates type farms.
As of today, one was declared bankrupt a few years ago and the other has been actively selling various estates/farms over the past few years.

TBH I look at it totally different to that. I am late 50's, if I bought it and stocked it and set it up and I would only have spend about 20 million of the 150. It would be a case of just one big simple drystock operation. Leave the forestry as is, reduce the tillage and 7-800 bullocks. 50 acre paddocks that can be spit into 4-6 parts easy enough. I say it would have to be pit silage they would be a few too many bales. Would you get a contractor in for 75-85/acre to do 300-400 acres of first cut silage. 80-100 ares of tillage would be what grain you need. Nothing bigger than a 90HP tractor slurry and silage by contractor and maybe fertlizer as well. Only issue I have is that I could no longer be fussy and be buying only friesians I would have to diversify

Hardest part would be buying stock at the right price. No wollies or dairying either I too old for that sh!te. It would be great crack ringing a factory in mid July looking for a price for 3-4 doubles of cattle.

Cavanjack

Say my name wrote: »

And not all purchasers are equal.
If a sole trader buys it. To repay €20,000 principle it requires €41,666 profit.
(Tax + PRSI + USC ).
If a company buys it. To repay €20,000 principle it requires €22,857 profit.

If a company buys it and it’s paid for and the company is dissolved what happens the farm then?

Bass Reeves

Cavanjack wrote: »

If a company buys it and it’s paid for and the company is dissolved what happens the farm then?

If a company is dissolved its assets are distributed first all company debts are cleared. I presume that you wish to know can you keep the farm. The answer is that the value would be treated like a dividend and taxed

Cattlepen

Base price wrote: »

Million dollar (euro) question - If you won the Euro Millions next draw of €130m would you buy it?

If I won that kind of money I would spend a few bob more putting a farm that size together in a different area but that would be just my preference. Would probably lease it out though as I have enough to do as it is. I know there are probably a lot better returns to be made out of renting houses, commercial units etc but sizeable tracts of land are always worth a lot of money and if you were young and hardy enough it would be enjoyable to be at the helm of an operation like that. Not to many get the chance
Wrangler, why would you not take it for free?

erada

Cavanjack wrote: »

I bought land in 2011 for 7k an acre. Be lucky to get 6k an acre for it now going by the last land that was sold.

My late uncle bought 180 acres in Castlejordan near Kinnegad in the mid '80s @ £IR 1000/ acre. He farmed it until 2002 and sold it for 1025000 euro. The buyer sold it in 2004 for 1.9 million euro and it was sold again in 2006 for 3.6 million euro. It's incredible to think that it almost quadrupled in value in 4 years. I suppose today it would make 10000/acre. Just a lesson to anyone that thinks that if you buy land, whatever the price it will always be good value.

Bass Reeves

erada wrote: »

My late uncle bought 180 acres in Castlejordan near Kinnegad in the mid '80s @ £IR 1000/ acre. He farmed it until 2002 and sold it for 1025000 euro. The buyer sold it in 2004 for 1.9 million euro and it was sold again in 2006 for 3.6 million euro. It's incredible to think that it almost quadrupled in value in 4 years. I suppose today it would make 10000/acre. Just a lesson to anyone that thinks that if you buy land, whatever the price it will always be good value.

And you don't have to paint it

erada

Bass Reeves wrote: »

And you don't have to paint it

You'd do alright this year ringing around with your 4 doubles of fr/holsteins:D

Bass Reeves

erada wrote: »

You'd do alright this year ringing around with your 4 doubles of fr/holsteins:D

I do alright with my 4Fr/Ho every week or so

wrangler

Cattlepen wrote: »

If I won that kind of money I would spend a few bob more putting a farm that size together in a different area but that would be just my preference. Would probably lease it out though as I have enough to do as it is. I know there are probably a lot better returns to be made out of renting houses, commercial units etc but sizeable tracts of land are always worth a lot of money and if you were young and hardy enough it would be enjoyable to be at the helm of an operation like that. Not to many get the chance
Wrangler, why would you not take it for free?

I don't see a viable future in farming, A farmer living not too far from here used to milk 700 cows, he once said to me that every morning there was a new problem, I just wouldn't have the patience for that now or even ever, You do your best, take all the precautions and the farm generally s...ts on ya. It's hard not to be cynical, we've just had a good era in farming, I'd be surprised if it came around again

popa smurf

I worked on a farm that had that kind of acreage not in one block though down in cork 30 years ago, dairy, tillage and dry stock. The ould lad was dead killed himself working the woman was hooped over from work and the 3 sons were useless. Myself and the old lady used milk the cows about 200 of them and the sons would be in bed, we would get in for the breakfast 10.30 and she would be trying to get them up and when they did get up they would spend the day fighting and arguing amongst themselves. I moved on after about a year although l was well looked after they used to try and bring me in to there petty sqabbles. I hadn't an arse in my throusers at the time but I hadn't a care in the world, loved working and travelling and meeting all kinds of people along the way.

patsy_mccabe

arctictree wrote: »

We bought 23 acres in 2015. Bounded right up one side of our farm. People say we overpaid for it but it's worked out really well. Nothing beats buying land beside you and it may only happen once in a lifetime.

I bought the bit of land just outside the ditch aswell. In fact, all I did was cut the 3 strands of barbed wire and put shackles on them to make a cheap gate. I limed it too which made a big improvement.
Even if that land was a mile away, think of all the wasted time and expense in travelling back and forth over the years.

Cattlepen

wrangler wrote: »

I don't see a viable future in farming, A farmer living not too far from here used to milk 700 cows, he once said to me that every morning there was a new problem, I just wouldn't have the patience for that now or even ever, You do your best, take all the precautions and the farm generally s...ts on ya. It's hard not to be cynical, we've just had a good era in farming, I'd be surprised if it came around again

Thanks for the honesty. I am of the same opinion as yourself with the exception that I do think it will come again but it could take a decade or possibly two. Very hard to wait that long. I too gave it a good go but got cynical with it all.
You used to shear sheep though and in my book that make you one hardy buck. The toughest work known to man IMO. Back then I’d say you would have taken it for nothing and relished it. Youth is a marvellous thing

wrangler

Cattlepen wrote: »

Thanks for the honesty. I am of the same opinion as yourself with the exception that I do think it will come again but it could take a decade or possibly two. Very hard to wait that long. I too gave it a good go but got cynical with it all.
You used to shear sheep though and in my book that make you one hardy buck. The toughest work known to man IMO. Back then I’d say you would have taken it for nothing and relished it. Youth is a marvellous thing

Yea, You're right and I suppose it was my greed in the eighties and nineties that left the last 20 years so easy, but it wasn't good planning, who would've seen the way that the entitlement scenario went, you couldn't make it up really.
None of the farming enterprises were worth the bother on their own, they were just kept for the subsidies. subsidies made them profitable.
At least with the shearing you were getting a days pay and you could works at it days and hours that you had nothing else to do

ShedTower

Gods Gift wrote: »

Yeah. And leave it idle. Let it back to nature and wildlife.

In a few years I think we'll see the government under some pressure to do exactly that when land like this becomes available.

patsy_mccabe

I think in a few years, the experts will realise that grazing cattle (like we have being doing for ten thousands of years) is actually very good for soil health and our whole human existence , as a whole.

Dinzee Conlee

patsy_mccabe wrote: »

I think in a few years, the experts will realise that grazing cattle (like we have being doing for ten thousands of years) is actually very good for soil health and our whole human existence , as a whole.

Yep, and the government or some middle man will reap the benefits in carbon rebates of some kind and we’ll still get a ****e price for our produce

curiousinvestor

You are right.
However we are a very small cog in a very big commodity market.
What do we as farmers expect. ? Handouts? Lots of people think we are getting plenty of these already
We have no union. Why ? Some of us are too busy working to get involved in any movements, and some of those that do are only out for themselves. I am just too cynical to get involved although I am am ICSA member.
Can we influence the market? Of course we can but itll cost a lot of money!!. Who wants to start !!
My point is,( although you will probably be proven right), there is no point in complaining when we ( as a group) do very little to control our destiny outside our farm gates.

curiousinvestor

I hope I didnt ruin this thread !!!
I was enjoying ti.
I played the euromillions last night, I was convinced I'd win it 😂😂

Rows Grower

Genghis Cant wrote: »

I wouldn't think so. It's always that tidy. In fact you'd regularly see the old man collecting any rubbish along the roads in the area.

That's exactly the type of owner I envisaged when I saw the video of the farm in the second post in this thread.

I wonder will it be extra emotional for him to let it go or just a relief.

Whatever he does I hope he lives long enough to enjoy some kind of relaxed retirement, the place is a credit to him.

Keepgrowing

theguzman wrote: »

The Government smiling on this one with €600k stamp duty if it makes €10 million.

Whoever will pay the €10m+ for it honestly is a fool, his sons sons or grandsons won't make a penny back on it for years, less so if it is debt funded. €10m into houses and apartments in Dublin will yield 5% to 7% annually in rental income and you would never need to lift a finger only appoint a rental management company. Only an ego driven bull mccabe type mentality would buy this especially considering the spectacular speed the economy is totally collapsing. The owners are smart to sell this now and could probably buy it back in 10-12 years time for much less than they will get this year. Once the Mercosur deal is finalised which it will then holdings like this will look like mere allotments compared to Brazil. The EU will destroy farming and people need to wake up to the fact of what is coming.

I wonder do you have many houses rented out at the moment? How are you getting on with the company doing your letting and upkeep? Oh and while you’re at it fill us in on the wedge being taken in tax by revenue?

kevthegaff

If I had the deposit and the banks would back me I'd buy it, worst case scenario is I'd sell 800 acres :-) still have 200 acres plus left

kevthegaff

Keepgrowing wrote: »

I wonder do you have many houses rented out at the moment? How are you getting on with the company doing your letting and upkeep? Oh and while you’re at it fill us in on the wedge being taken in tax by revenue?

Interesting on primetime during the week on people investing in mansfields golf apartments for 400k+ and cant even get into them.now

Waffletraktor

kevthegaff wrote: »

If I had the deposit and the banks would back me I'd buy it, worst case scenario is I'd sell 800 acres :-) still have 200 acres plus left

The thing to do here would be mothball the existing yard into houses or commercial lets(planning can be hard without exisiting stuff) and go to a greenfield which you's prob need for the dairy empire in a more favourable location.

cute geoge

You can be sure the man that buys that farm wont be depending on the banks to finance it .The reality is their is people with money and that farm will always be worth a premium

Genghis Cant

Rows Grower wrote: »

That's exactly the type of owner I envisaged when I saw the video of the farm in the second post in this thread.

I wonder will it be extra emotional for him to let it go or just a relief.

Whatever he does I hope he lives long enough to enjoy some kind of relaxed retirement, the place is a credit to him.

It's a credit to about 3 generations of them!

I can only guess as to how any man would really feel.
I was chatting him briefly, it'll be a big change around the area.
I'll tell you another thing about him.
March 18 when the snow was up to the hedges he moved more snow the the whole of Offaly Co Co and got the whole area moving again single handledly. That's the sort of man he is.

Rows Grower

Genghis Cant wrote: »

It's a credit to about 3 generations of them!

I can only guess as to how any man would really feel.
I was chatting him briefly, it'll be a big change around the area.
I'll tell you another thing about him.
March 18 when the snow was up to the hedges he moved more snow the the whole of Offaly Co Co and got the whole area moving again single handledly. That's the sort of man he is.

It's heart warming to hear your first hand experience of the caliber of the man, there's a few of the old stock left but they are few and far between and it's important that they are acknowledged now on a public forum for posterity.

wrangler

Rows Grower wrote: »

It's heart warming to hear your first hand experience of the caliber of the man, there's a few of the old stock left but they are few and far between and it's important that they are acknowledged now on a public forum for posterity.

TBF a lot of farmers were out then, I was out all day and according as local farmers got their stock fed they were out too

Snowc

Passed this place many a time would be great to have a few spare euros left to buy it,put the cattle out in February and not see them till November again when they have fattened would be a gold mine

patsy_mccabe

I always think it's the trees that make a place. I love those old style places with rolling limestone hills and big shady trees. I look at it and think, God imagine letting off cows and calves there for the first time.

Limestone Cowboy

patsy_mccabe wrote: »

You'd be surprised how many lads have that much land. There was a farmer not too far from here that left each of his sons over 1000 acres when he died. He had a lot of sons too.

Does their surname begin with a C patsy?

patsy_mccabe

Limestone Cowboy wrote: »

Does their surname begin with a C patsy?

Shur you know them well. Dont know if 1000 acres is accurate but I was told that figure recently.

Waffletraktor

patsy_mccabe wrote: »

Shur you know them well. Dont know if 1000 acres is accurate but I was told that figure recently.

How productive would the land be is how to judge some stories, as there is 1,000 acres and there's 1,000 acres iykwim.

cute geoge

there is a bit of difference between 1000 acres of land and 1000 acres of ground

patsy_mccabe

Waffletraktor wrote: »

How productive would the land be is how to judge some stories, as there is 1,000 acres and there's 1,000 acres iykwim.

The best of limestone land. Some winterage too as far as I know.

Limestone Cowboy

patsy_mccabe wrote: »

The best of limestone land. Some winterage too as far as I know.

Lots and lots and lots of winterage.

patsy_mccabe

Limestone Cowboy wrote: »

Lots and lots and lots of winterage.

They do have a lot of top quality land down this side of the county.

kerryjack

Well lads anyone of ye win the 49 million it would probably run the place for a few years. I had a dream about it the other night that I won it and bought the place and I had 2 or 3 of those TG4 weather girls milking the cows in there bikinies and a Guinness tap in the milking parlour.

Reggie.

kerryjack wrote: »

Well lads anyone of ye win the 49 million it would probably run the place for a few years. I had a dream about it the other night that I won it and bought the place and I had 2 or 3 of those TG4 weather girls milking the cows in there bikinies and a Guinness tap in the milking parlour.

Bet ya were disgusted when you woke up

Donald Trump

kerryjack wrote: »

Well lads anyone of ye win the 49 million it would probably run the place for a few years. I had a dream about it the other night that I won it and bought the place and I had 2 or 3 of those TG4 weather girls milking the cows in there bikinies and a Guinness tap in the milking parlour.

I suppose the real question is why were you dreaming about cows wearing bikinis?

kerryjack

Reggie. wrote: »

Bet ya were disgusted when you woke up

Ya just woke up before I was ready to hose down the place I had the hose in my hand ready to go.

Reggie.

kerryjack wrote: »

Ya just woke up before I was ready to hose down the place I had the hose in my hand ready to go.

:eek:

Reggie.

Today's the day ain't it