indecisive sort
Well-Known Member
YesDoes your land qualify for anc payments?
YesDoes your land qualify for anc payments?
I'm not planning to lease out all of it ,plan toso do you have animals? - if not introducing grass will incur a stocking requirement to continue with the anc claim.
Have a man coming to view the ground later today, told him I was looking 200 + 60% of single payment, said he'd think about it, that was three days ago and he rang me this morning asking to view it
Do you think you would have that profit from it yourself if you farmed it? It sounds like a good price.Have a man coming to view the ground later today, told him I was looking 200 + 60% of single payment, said he'd think about it, that was three days ago and he rang me this morning asking to view it
Told him I'd consider allowing him keep all of the direct payment for a higher price rent
I'm thinking 275 per acre ? , from my POV, I then would not be too bothered if I ended up loosing the entitlements at some stage
Oh well I haven't him signed on yet , he viewed it a while ago, said he'll be back to me tomorrow, seemed somewhat intrigued by the idea of him retaining all of the value but time will tell ,he offered me 180 + 60% of the single payment on the spot ,break clause after five years was a demand, I've no issue with that but said it would need to go back in grass if exiting after fiveDo you think you would have that profit from it yourself if you farmed it? It sounds like a good price.
Oh well I haven't him signed on yet , he viewed it a while ago, said he'll be back to me tomorrow, seemed somewhat intrigued by the idea of him retaining all of the value but time will tell ,he offered me 180 + 60% of the single payment on the spot ,break clause after five years was a demand, I've no issue with that but said it would need to go back in grass if exiting after five
275 per acre and him keeping all payments is my alternative deal ,200 + tenant retaining 40% being the default option
Would you be able to pay that yourself , for the land in question ?
How much are the entitlements worth per acre.
It would be a serious deal for you, nuts for the guy renting as he could be out a €1000 an acre over the course of 10 yrs, if leasing of entitlements is to go in 2023.My advisor is opposed to my entering into any lease until the next CAP details are released.
I argued that over ten years, chances are you would see two different CAP regimes so difficult to head off whatever changes are coming down the tracks
Which is why I offered a man the land for 275 per acre with him keeping all of the subs, if my entitlements either dissappear or even go up in value, I'm not bothered as the base price is reasonable
Advisor thinks 2022 will be reference year but for all anyone knows, 2021 will be reference year ?
Should know by tomorrow if I have a deal,think 275 is pretty fair all things being equal, good fertile land but I'm not in carlow either
It would be a serious deal for you, nuts for the guy renting as he could be out a €1000 an acre over the course of 10 yrs, if leasing of entitlements is to go in 2023.
Fair play if you can negotiate that price 👍👍, you only have to look after your own affairs
As long as I was guaranteed 275 for ten years, I wouldn't careWould the person leasing the entitlement not end up owning it if he puts it in ?
Your potential tenant would be mad to sign up to the deal you are offering, it is totally stacked in your favour. Still remember my Grandfather saying to me not to be afraid to bargain hard, but always leave room in a deal for the other person to make money too!
Everyone has to make money in any deal, or else repeat business won't happen. I couldnt see how the new Tennant could sign up to that deal.Your potential tenant would be mad to sign up to the deal you are offering, it is totally stacked in your favour. Still remember my Grandfather saying to me not to be afraid to bargain hard, but always leave room in a deal for the other person to make money too!
Agree a price for the land agreeable to both parties. Leasing of the entitlements should be a separate agreement.So what is a reasonable deal in your opinion
Impressively vague answerAgree a price for the land agreeable to both parties. Leasing of the entitlements should be a separate agreement.
I have no idea what land is making in your area, but if you want actual figures €200 per acre plus 60% of the BPS for the actual year. Adjust the land price depending on what its making in the areaImpressively vague answer