Dairy Chitchat 4, an udder new thread.

Going taking them off some of the calves here. Their sweating underneath them.

Cost me 7 k vat inc including first year accounts )plus solicitor to draw lease and auctioneer to do valuations on equipment ,yard and land …cost is steep I thought but there is a fair bit of work in it …new limited company bank account to be set up too

I’ve jackets on all my calves on auto feeder ….actually checked to see if any were sweating this morning and none ….I’ve breathable jackets …cheap ones may not be

Anything to keep calves healthy and trouble free is worth it imo

Sometimes a twist in you going in partnership with the company. Talk through that.

Accountants had a farm advisory facility too went through all that with them and our own advisor too, hopefully it all works out now was a big jump to make.

Why explain the reasons please

Farming in a company 7 years, delighted with it, has allowed us to retain a lot of cash for reinvestment. Also gives a very clear line between the farm finances and the personal finances.

It's was a long term decision for us basically it's the structure we will farm in for our entire farming career.

Company's are obviously an entirely separate legal entity. On the tax saving when the money goes to the taxman, it's gone there are no more options. However if the money is retained in a bank account you control you have lots of options

That's a ridiculous statement kg 🙄 I completely agree with yewdairy

For once I agree with Baas. If you are reinvesting in the farm there is no point being in company structure because you can claim capital allowances anyway. You would have to be throwing off substantial free cash before even thinking about company structure, perhaps if you bought land it would make it easier to make capital repayments. If it is just to avoid paying tax there are lots of other thing you could do with your money to keep it out of the tax man's hands. A good pension being number one.

I see on ear to the ground there they mentioned increasing the minimum storage requirements by 20% and the extra cost but no mention of the fact that if dero goes the cows to pay for it may be gone. Be nice if they covered all aspects for a change. Yer wan Holly cairns harping onon newstalk talking shite as well when it's the reg changes are the causes of the problems she's giving out about now

do the people here in limited companies now call themselves company directors as oppose to farmers?

siamsa - if ruinning low cost system/animal go with one, if going with hol type breeding id go with separate...how much meal are you budgeting to feed?

I have individual places have no experience of other types cows will still shove smaller cows about in both. 2ft 6 standings is better than 3ft standings