Dairy Chitchat 4, an udder new thread.

Wouldn't trust them as far as I could throw them. Pure gangsters.

You have the right idea of taking the tax free rent if you can get away with it. Armchair farming is the best type of farming as far as I can see.

Some amount of busy fools renting ground and buying themselves work. My teagasc man was saying the other day that on a feed basis it is worth 2 to 300 an acre tops. I wouldn't pay 100 myself.

Agree …..think it’s completely nuts …..whatever floats lads boat tho …..Tegasc and advisors and other so called experts 🙄🙄🙄have a lot to answer for …..next year or so is going to be fairly hard on any medium to heavily borrowed farmers and some may not make it through

At a milk price in low 30s ….with costs where they are 🤔

I agree with you lads that cone back into farming in there 30&40's will have a lot more life experience. As well many will have qualifications in other area that will benefit them farming. Biggest thing is if they are really interested in it. I started farming iny 40's because I was interested in it I learned and adapted fast. I had no negativity about my farming system.

This idea that a lad or lassie in there early twenties should be handed an asset worth a million more and left at it.

I like some to tell me in what other industry will that happens

I was working full-time, the farm was 10miles from where we lived. We intended to live there but the young lads were involved in sports and other activities locally as well as going to school there. There was a decent second level school locally as well.

Ya now 20 year later I am semi retired. In a way I did it the hard way. The crash added nearly 10k to repayments for a year and 5k for another couple.

It hardened me. I too had a family through all this. I remember telling someone at the time and they asked how could I sleep, I told them mulling over it and not sleeping were not the answer, let the bank manager worry about it.

You just had to question every spending decision. Believe it not the noughties boom was worse. My kids questioning why we could not eat out or buy a newer car. Nowadays they realise the sacrifice that a dream costs. However they also realise that they all had cars from 18 years of age and college was funded by sacrifices made earlier.

If I had been handed a farmin my mid thirties or in my forties for nothing or the inheritance tax I have at least doubled it in size

We’d all love to buy land but it’s a pipe dream for most of us

The price of land is only going one direction imho. I've just done a deal to buy 20 acres off my next door neighbour. I wouldn't have bothered buying the outfarm last year if I thought that this bit was going to come up. Rent is dead money - It always was.

I would not entirely agree. The schemes listed in my last post are supporting land prices are are unlikely to be removed or changed ( although I think at some stage the government has to make changes to tax free leasing).

However if income drops from land due to a lower milk price and lower derogation limits it will limit or reduce land prices basically you could get the equivalent of the end of the noughties property crash in land values.

Volume coming on to the market is limited by various schemes

Yes he may have paid a million in rent but he’ll have nearly 6 m in milk sales @33c over 15 years

yes it would be nice to get the land cheaper but he’ll be generating money to buy his own land. That’s why guys do it. I know numerous ppl that are milking on more than the home place and they all do it to put themselves in a better position to buy land when it comes available

a farm the same size next to me made 23.3k an acre and the yard is all old stove buildings and of no use to modern agriculture. There is zero infasctructure on it. To turn that into a dairy farm for 180 cows or so it would take savage money in current environment so I see value in a farm that already has good facilities