Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Can I make a living off the farm

  • 10-03-2023 5:50pm
    #1
    Registered Users Posts: 1


    Hi all


    Getting sick of my day job(I'm 36) and just wondering would I make a living off weanling/store to beef system.I have 100 acres and usually finish 70 cattle a year.my plan would be up to up that to finish 100 per year.

    Only taken over the farm myself 4 years ago so still trying to figure out true net margins for each animal.is it very optimistic to give a net margin of 200 euro per animal and therefore 200euro x 100 animals = 20000 + sfp +acres =35000 euro per year annual income

    No debt on farm and no building/infrastructure needed,with only small mortgage repayments

    Would I be mad to pack in a good job with pension and go farming a system like that full time.

    Better half is fully supportive,no kids yet

    Thanks



«13

Comments

  • Registered Users, Registered Users 2 Posts: 2,510 ✭✭✭Jb1989


    35000 minus tax is around 27000 at the lower rate nevermind if your on higher rate.

    Some years you'll only break even on the animals so will only have 15000 of subs minus tax.

    Depends how them income figures match with your off farm wage.



  • Registered Users, Registered Users 2 Posts: 18,626 ✭✭✭✭_Brian


    Jez I think the way cost of living is going your leaving yourself a light income.

    bit it depends of herself works or indents to keep working if ye have kids.

    maybe a change of job might reinvigorate your interest and farm alongside it.



  • Registered Users, Registered Users 2 Posts: 9,489 ✭✭✭pgj2015


    What about setting up a petting zoo? might be more money in it than farming?



  • Registered Users, Registered Users 2 Posts: 3,020 ✭✭✭cute geoge


    Thinking out loud you probably aint big enough to be kept busy but if kids come yer way,i expect youd take up the responsibility for childcare which should make it work.Childcare would be costing E200+/week for a toddler and thats only the start of it so i would hang on to job there or another bit.

    Could you increase the rate o turn over of cattle on the otherhand like keep extra cattle but for a shorter period and have the same proit/head



  • Registered Users, Registered Users 2 Posts: 93 ✭✭Mr..


    If your getting sick of your job leave, maybe work part time, find a job you like, if the farm needs investment it will be hard to farm full time and "live" too.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 2,643 ✭✭✭Cavanjack


    If you want any decent standard of living I wouldn’t think €35,000 would keep a man with a family going for 6 months of the year. I know it wouldn’t here anyway.

    Also 100 acres is only part time with dry stock if you are set u right. Keep working is my advice but get a job you like or one that suits the farm.



  • Registered Users, Registered Users 2 Posts: 1,908 ✭✭✭Castlekeeper


    I'd say you'd make more a lot more contract rearing, if it suited you.

    Other than that have you any interest in horticulture? An acre and a few tunnels would make you 50k profit out of salad leaves for 20 hours a week work max and very low investment.



  • Registered Users Posts: 558 ✭✭✭Morris Moss


    Rent it out tax free for 15 years, the way lads are gone mad for land I'd be looking for 500 an acre along with the sfp back, that's dependant on where you are in the country of course, but it's an option, other than that would you consider doing relief milking a few times a week, could help top-up wages.



  • Registered Users, Registered Users 2 Posts: 851 ✭✭✭Sugarbowl


    You could do an AI course and supplement your farm income with that. Or relief milking as suggested above. Would give you the middle of the day off to get jobs done at home.



  • Posts: 0 [Deleted User]


    Allotments might be a runner if near a big town or a city but a petting zoo would be a dead loss.

    You could make a margin on cattle of say 200 a head but it would be highly dependent on costs control and demand/prices staying high. If things change you might only break even. Organics wouldn’t be a runner unless you bred your own stock. I think you would need diversity on the farm to guarantee income.

    Organics might be a good option to purely draw the money and encourage cost control. You could say keep 20 Angus cows and have a very short winter as they would be out most of the year.

    Would you consider taking a month off to try it? Maybe a 3 day week would be a runner?



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 1,275 ✭✭✭Packrat


    There's a living to be made out of almost any 100 acres unless it's bog and rock if you're willing to put in the work and make savings on spending.

    The problem is that whilst you might be happy with that living, your other half and any potential children may not.

    There's good advice above in this thread, - a handy job that works around childrearing and the farm, maybe your other half has a 40 plus job, horticulture on a couple of acres, glamping pods, there's endless possibilities.

    Talk to your accountant, - if you both work out rather than one doing it all the tax bands are higher.

    If you're finishing 80 cattle at present, your land and sheds should be good enough for more than the figures you're quoting here.

    “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command”



  • Registered Users, Registered Users 2 Posts: 6,174 ✭✭✭screamer


    Rent it out tax free and get a job you enjoy even if it’s lower paid. You’d be nuts to consider dry stock over renting it if you own it outright.



  • Registered Users Posts: 916 ✭✭✭Aravo


    I would be careful on leaving job to go full time farming. With no children that would be easier cost wise. With children, full time farming is unlikely to pay the bills. Maybe going part time would work. No point doing a job you don't like. You are not alone, many facing same decision. Best of luck



  • Registered Users, Registered Users 2 Posts: 9,489 ✭✭✭pgj2015


    Why do you think a petting zoo would be a dead loss? If they are somewhere there isn't one it could do really well, parents are always looking for places to bring their kids. They could set one up on say 20 acres and farm the rest. quad biking might be another thing they can set up.



  • Moderators, Society & Culture Moderators Posts: 12,705 Mod ✭✭✭✭blue5000


    Anyone doing glamping here already? What would it cost to setup?

    If the seat's wet, sit on yer hat, a cool head is better than a wet ar5e.



  • Registered Users Posts: 318 ✭✭Rusheseverywhere


    Petting zoos none runner, impossible to get insurance for them; all the niche insurance from thatched buildings to petting zoos were UK based and they no longer have an interest in the Irish market. Same for quads be a non runner. Saw couple bike parks had to close as uninsurable.



  • Registered Users, Registered Users 2 Posts: 9,188 ✭✭✭893bet


    A lot of fanciful suggestions here really. An acre for horticulture and easy 50k. If it was that easy we would all be doing it.

    Glamping and quads would take a reasonable sized investment.



  • Registered Users Posts: 318 ✭✭Rusheseverywhere


    I am a full time farmer and to the OP will say very very difficult to support a family from farming. My farm over twice your size and I can just about support myself the dog and the cat. Capital costs killer in farming; hedge cutting, fencing,sheds, machinery vet etc. Horticulture might be an option if close to a decent size town and use HelpX or similar for labour. TB etc can be a disaster so as posters have said the only sure income is the direct payments; the 15k in your case.

    If you have family in future farming work well as easy to fit it around minding children I think. That be massive saving in childcare costs



  • Registered Users, Registered Users 2 Posts: 9,294 ✭✭✭tanko


    Not to mention insurance, how many of these type of well established businesses have had to close because of extortionate insurance quotes in recent years. I think the OP needs a good lie down, he might come to his senses then.



  • Posts: 0 [Deleted User]


    Number one reason would be insurance. Also, it costs a fortune to keep exotic animals with feed and vets bulls etc.

    You might be busy a few weeks in the year but idle then during the bad weather.

    Quad biking is interesting but again insurance and I think you’d need hundreds of acres.



  • Advertisement
  • Posts: 0 [Deleted User]


    If you dislike the job then you are right to leave it and at a good age



  • Registered Users, Registered Users 2 Posts: 21,808 ✭✭✭✭Water John


    Look at all the direct payments you might be able to avail of, incl Organic which in your case is €9K plus, Acres €7K and BISS, total €20K. Can you keep that and not have to spend any of it on the farm? That would be a good start. If you land is fairly good, you could grow organic oats or other crops which pay fairly well on part. Growing a mixed arable crop or red clover silage would provide a finishing diet for beef cattle. Definitely has potential to work alongside possibly future child rearing duties.

    I wouldn't lease just because of the money being offered ATM. Some who leased before found it given back to them when pressure came on milk price.



  • Registered Users, Registered Users 2 Posts: 1,187 ✭✭✭wildwillow


    If you mean to be a full time farmer then you will be prepared to put in the hours. Growing salad veg and micro greens, free range pigs for exceptional bacon etc, sheep with fleece which is in demand by felt makers, weavers and spinners. Flowers for cutting. There are many niche areas begging for development.

    The trend is sustainability and organic and will become the norm for the future.

    You could probably still have some dry stock.



  • Registered Users, Registered Users 2 Posts: 19,028 ✭✭✭✭Bass Reeves


    If you go into organics you need to go into Sucklers, sheep or grain. It's going to be interesting over the next few years as lads realise that.

    @chreeko84 it not really about numbers it's about a system that works for you. Short-term cattle may be the most profitable, however you need serious capital to back up such a system. If you opt for a 70-100 day system you will need to be buying buying 8-10 cattle every week.


    Even a six month system will require you to buy 150-180 cattle a year. Any short term system will probably require 30-50k more money tied up.in cattle than a long-term system

    300 euro per head of a net margin is achievable on 12 month system. 5-700 in a calf to beef system but your numbers will be well back.

    It would be hard to get to 100. 70-80 might be optimal in a yearling/store to beef system calf to beef gives you a system that is relatively low cost to buy into to variable costs will be high

    My own inclination would be ''keep the day job'' as the expression goes.

    Post edited by Bass Reeves on

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 7,113 ✭✭✭amacca


    I never looked into it but often wondered about the leasing myself


    How sure are you of being able to A) get the money and B) not have the place made a total balls of....how far can you go vetting possible tenants and what sort of safeguards do you have against deliberate pricks?


    Is it tax free if you have other income (is it a side pot that you get tax free regardless of other income, if you are already on the high rate etc etc) and is it likely you lose out on possible future payments etc as you won't fit the definition of an active farmer because you are renting it etc



  • Registered Users, Registered Users 2 Posts: 19,028 ✭✭✭✭Bass Reeves


    It is tax free however you pay PRSI and USC on it. This is usually in the 10-12% range. The catch is even if the tenant dose not pay your rent you are still obliged to pay the PRSI and USC

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 20,374 ✭✭✭✭Donald Trump



    The relief is on an amount up to the limit for the duration of your lease. You are taxed on the portion above the limit if you are over it.

    (The only other income that comes into play is if you have a loss from other rentals which reduces your overall Case V profit to that below what you got for your land. In that case the relief is maxed out at that lower amount)

    The OP could let his land for 10 years for up to 30k (profit on lease) and have that free of PAYE. Likely nearly as good as an extra 60k in their day job.


    What he could do, especially if a high earner, is keep back enough to be an active farmer and avail of grants. And run that at a loss to build up the place for later on. Reduce his tax further. Although I think there are limits to this in terms of trying to do it continuously.



  • Posts: 0 [Deleted User]


    People are upping the benefits of a 9 to 5 which there are. However, there are some downsides, the work can be dull and if you are earning decentish money you see a lot of your money blown away on tax.

    The sweet spot for a part time farmer might be a 3 day week in a job on a decent rate.



  • Registered Users, Registered Users 2 Posts: 19,028 ✭✭✭✭Bass Reeves


    The problem is jobs pay a decent rate for 3 day week are usually only job share in the public service. If you work for a private sector employer they be trying to squeeze four days work out of you. I know very few jobs that pay a decent rate part time except maybe nursing.

    A job that allows you WFH may be a better option. They are becoming more common.

    On tax which is better 565/week or 780week. In the first case you earn 35k/ and give revenue 5.7k/year in the second the figures are 55k and 14.5k

    Slava Ukrainii



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 1,275 ✭✭✭Packrat


    I agree with Bass here, even though I suggested it above, those 3 to 4 day jobs which pay anything decent are few and far between unless you have a qualification in a specific area which makes you in high demand.

    None of the alternative diversification projects are easy either but if one suited and you had the interest in it maybe.

    As others said - a house with a couple of kids and any sort of mortgage needs maybe 60 or more net of tax to function these days.

    Your other halfs job and how possible it would be to continue that/any cut in income there resulting from having kids would be a big factor in your decision.

    Best of luck, it's not easy, I've been in this situation twice over the last 8 years and it's still not fully resolved.

    “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command”



  • Registered Users, Registered Users 2 Posts: 18,626 ✭✭✭✭_Brian


    How about splitting things up a bit.

    Could you rent out 70-80 acres, this might get you in a guaranteed €35k maybe more depending on the area. Put a good floor under you

    hold back a wee bit of land to farm part time. Change your job or go part time or as some have suggested contract milking etc.


    you’d have your income up to €45-50k which would be into modern living standards and you might enjoy it more.



  • Posts: 0 [Deleted User]


    I would recommend you look into holistic management from the savoury institute.

    They will give you some of the best advice on what you want to.

    But The fact you ain’t farming full time already on 100 acres in your mid thirties should tell you enough about the margins.



  • Registered Users, Registered Users 2 Posts: 1,908 ✭✭✭Castlekeeper


    If you don't know what you're talking about, keep your critiques to yourself.

    Losing money farming sheep and beef is easy, and everybody is doing it.

    There's a bad smell off horticulture for most Irish peasants since the famine, everybody wants to be a big rancher.

    My advice is sound and it stands.



  • Registered Users, Registered Users 2 Posts: 7,113 ✭✭✭amacca


    I'm only asking so don't ate me!....

    You mentioned 20hrs a week and 50k, sounds good to me but are there any catches?


    Who is buying the salad leaves? How do you develop a market, is there really only 20 hrs labour in producing 50k worth of it etc



  • Registered Users, Registered Users 2 Posts: 9,188 ✭✭✭893bet


    ohhhh touchy touchy.

    i have no doubt 50k and acre is achievable from an established operator. To think a lad can switch and magic up 50 from 20hours is fancifully I think, and we are all allowed an opinion.

    I assume you have a few acres in horticulture yourself making the big bucks. Congrats.



  • Advertisement
  • Posts: 0 [Deleted User]


    wfh is good alright for a farmer

    If you could get a good contract rate over 50 an hour in a 3 day week it would be good. You would be made do four days in three like you say but if you were contracting you’d get over it



  • Registered Users, Registered Users 2 Posts: 1,111 ✭✭✭minerleague


    There was a farming programme on TG4 recently ( all women farmers) and a fairly big organic veg grower on it was saying they made little or nothing last couple of years

    To the OP can you leave your job now for a few years while no chlildren and try it out and go back later? What about agri contractors in your area ( work is seasonal but might work in with certain types of farming. The money in organics ( subs ) means it needs serious consideration. If you are into marketing your own produce there may be options but a lot of off farm work in selling etc



  • Registered Users, Registered Users 2 Posts: 20,374 ✭✭✭✭Donald Trump



    Article here about the last scallion grower in Ireland. The rest packed it in. He farms about 400 acres a year. He might not get the same economies of scale with 1 acre though.


    Same man here in a FJ article where he mentions that the only way in horticulture is to go big or get out


    If you want to try to make small work, you have to go niche. Even then you take a big gamble. The most recent example is of people who spent loads of money and were promised returns on snails ended up selling at about half the cost of production. If you think monopolies in beef with the like of ABP are bad....wait til you start into veg.



  • Registered Users, Registered Users 2 Posts: 19,028 ✭✭✭✭Bass Reeves


    I would not say everyone farming cattle and sheep are losing money. I am doing all right at the beef thanks.

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 6,217 ✭✭✭emaherx


    We will all have our own blinkered view on this scenario and a lot may depend on the OP's current occupation and that of their spouses if any. Interestingly the OP has only one post on Boards.ie ever so not sure if they intend on coming back anyway.


    Through some good/and bad luck I've landed in my current situation which is part time farming and a very flexible WFH role where I am contracted to do 20 hours a week but can do 40+ if I want too and can more or less pick the hours to suit my schedule.

    I did take a redundancy package after working with a multinational for 17 years which helped reduce the mortgage and with no more requirement for childcare, I was able to take a year and a half off of the day job, which was OK and we were managing as she has a good income but it was a bit more of a struggle than we'd like. In the same year my youngest daughter was diagnosed with epilepsy and had been hospitalized 5 times, for me it was a blessing that I was home full time as my previous field service career often had me traveling long distances from home so for this reason I had already decided I'd never go back to a 9-5 role with any kind of commute. Just before Christmas I started in my new role which is agri software related which keeps me at home and the little one's school is literally next door so if she has any episodes I'm only 1 min away. Her condition is much more under control now with medication so now we are a bit more relaxed and I have a much better handle on both family and farm life and much more time to appreciate and enjoy both.

    If I have any advice for someone in the OP's position it's, life is too short and precious to waste it in a day job that you are sick of but it does not need to be an all or nothing situation either, with a little compromise you may have a far better quality of life even if you are not making the maximum possible income, also considering the costs of going to work with childcare/travel etc, it may not be that much more lucrative anyway.

    Post edited by emaherx on


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 1,908 ✭✭✭Castlekeeper


    Who is touchy now!

    You won't "magic up" money in anything, fancifully or otherwise, and 50k isn't big bucks by anyone's reckoning, just an honest living.

    I'm not growing commercially, but I fully intend starting up with my children in the next few years. Thankfully I know a few successful operators whose brains I can pick, but that's the same as anything.



  • Registered Users, Registered Users 2 Posts: 1,908 ✭✭✭Castlekeeper


    Not directed at you obviously.

    Salad leaves a have a short shelf life, and so there is an Irish Market for Irish produce through the regular retail market. There's a lot of low quality imports.

    The day to day labour isn't massive.



  • Registered Users, Registered Users 2 Posts: 1,908 ✭✭✭Castlekeeper


    Yep, a few I know have gotten out of the veg for those reasons, it's a rotten system



  • Registered Users Posts: 52 ✭✭JoeCasey


    Keep the minimum amount of cattle for the grants and bale the 100 acres for organic hay and silage.

    Tough to get a better Profit/Loss than that.



  • Registered Users, Registered Users 2 Posts: 19,028 ✭✭✭✭Bass Reeves


    That is a one or two hit wonder. You will strip your farm of P&K in a few years. Not as fast as silage but fast enough. With organics you have no way of replacing that P&K

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 11,392 ✭✭✭✭Furze99


    On the general theme of taking a chance and quitting the day job - if you really want to do something, then you will find a way to get there. May mean sacrifice and hard work but having the heart in an enterprise is critical. Just try and avoid debt and putting yourself under pressure.



  • Registered Users, Registered Users 2 Posts: 1,779 ✭✭✭paddysdream


    Just on that point you can import slurry from any cattle/dairy farm up to your nitrate limit in Organics so should be possible to keep P and K up.



  • Registered Users, Registered Users 2 Posts: 19,028 ✭✭✭✭Bass Reeves


    Did not know that but getting slurry is not cheap. If you were near a pig farm yes but most other lads use up there own.

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 9,294 ✭✭✭tanko


    There’s lots of overstocked dairy farmers desperate to deliver slurry to anyone who is willing to take it for free around here.

    Organic farmers aren’t allowed to import pig slurry unless it’s from some kind of free range pig farm afaik.



  • Registered Users, Registered Users 2 Posts: 1,779 ✭✭✭paddysdream


    Looked at going into organic scheme and even with vast majority of my land index 3/4 could import decent amount of slurry.Any maps given here I expect the slurry spread for me.

    Bit of careful soil sampling would give you massive scope for slurry import



  • Advertisement
Advertisement