Ask a Question | Browse Questions

ANSWERED on Thu 10 Oct 2013 - 8:21 pm UTC by Phil Answerfinder

Question: Farming

Please carefully read the Disclaimer and Terms & conditionsT&Cs.
Priced at $20.00

Actions: Add Comment

montecristo 

Customer

 3 Oct 2013 08:05 UTCThu 3 Oct 2013 - 8:05 am UTC 

Say I want to buy and run a farm in south-east England. I want it to be profitable, say £50k-£100k a year.

What could I grow/breed, and how much land would I need?

 

myoarin 

User

 3 Oct 2013 16:09 UTCThu 3 Oct 2013 - 4:09 pm UTC 

Profitable?  Profitability depends on costs, perhaps including interest and repayment of debt.  Return on investment at eventual sale of the property could could make up for a lower annual income.  Websites say that country land prices will go up, but that is not what you are asking,
nor for this comment.

 

Phil Answerfinder 

Researcher

 9 Oct 2013 16:21 UTCWed 9 Oct 2013 - 4:21 pm UTC 

I've found a source of statistics for you, but I am having difficulty in extracting the information as I am not conversant with balance sheets and the terms used.

Go to the Farm Business Survey which provides information on the physical and economic performance of farm businesses in England. This website is financed by the Department for Environment, Food and Rural Affairs.
http://www.farmbusinesssurvey.co.uk

> Select Regions Reports
From drop down links
Region> London and South East
Farm Types> here you can select the type of farm. Looking at it I think Cereals and General cropping may be the most profitable. Or select All
Select Report> I believe Outputs, Inputs, Income is probably a starting point.
Per farm or Per ha (hectare)

The result I think is an average of a sample of a number of farms. If the final profit is not enough, I suppose from this you could calculate the amount of increase in hectares you would require to achieve your profit. There's another tab where you build your own queries in a 'data builder'.

Let me know if this what you are looking for.

Phil
answerfinder

 

montecristo 

Customer

 9 Oct 2013 21:08 UTCWed 9 Oct 2013 - 9:08 pm UTC 

I can't figure out what that data says but I'll take it as an answer and come back to it later.

 

Phil Answerfinder 

Answer

 10 Oct 2013 20:21 UTCThu 10 Oct 2013 - 8:21 pm UTC 

montecristo,

Thank you for accepting the link as an answer despite the complexity of the website.
Farm Business Survey
http://www.farmbusinesssurvey.co.uk/

Apart from the above website, DEFRA also provide a whole raft of statistics on the economics of farming. At the bottom of this page are some of the latest examples. Some of them do appear on the website referred to above. I have no idea what 99% of this is about. Sounds like a farmer needs a specialist accountant to help him through the facts and figures!
https://www.gov.uk/government/organisations/department-for-environment-food-rural-affairs/series/farm-business-survey

The publication hub of the UK Government may also be of use. This link calls up Farm Businesses.
http://www.statistics.gov.uk/hub/agriculture-environment/agriculture/farm-businesses

Phil
answerfinder

 

montecristo 

Customer

 10 Oct 2013 20:29 UTCThu 10 Oct 2013 - 8:29 pm UTC 

 

Roger Browne 

Researcher

 10 Oct 2013 21:31 UTCThu 10 Oct 2013 - 9:31 pm UTC 

Also don't forget that farmland is one of the very few UK assets that can qualify for inheritance tax relief:

Tax Planning - Farmland
http://www.is4profit.com/is4money/tax/farmland-tax-planning.html

 

Actions: Add Comment

 

Frequently Asked Questions | Terms & Conditions | Disclaimer | Privacy Policy | Contact Us | Spread the word!

Wed 20 Sep 2017 - 8:09 pm UTC - © 2017 Uclue Ltd