Activist: "Farmers are millionaires sitting on land worth a fortune. They can afford the inheritance tax."
Farmer: "How much did I earn last year?"
Activist: "I don't know. A lot, surely."
Farmer: "Twenty-two thousand. Before the tractor broke."
Activist: "But the land's worth millions."
Farmer: "On paper. I can't eat the field or spend it. The only way to turn it into money is to sell it, and then I'm not a farmer, I'm a bloke who used to have a farm."
Activist: "So sell a corner of it."
Farmer: "A corner doesn't work as a farm. You can't run a suckler herd on the bit that's left after the taxman's had his slice. You sell one field, then the next bill comes, then another field. It ends one way."
Activist: "The land only costs that much because you won't sell it."
Farmer: "It costs that much because a hedge fund three counties over wants it for carbon credits and a footballer wants it for the view. Neither of them has ever calved a cow at three in the morning. They set the price. I get the bill."
Activist: "It's still an asset."
Farmer: "It's a workplace that happens to be expensive. You've decided the value of the shop is the same as the wage of the shopkeeper. Come back in February and watch me not be a millionaire in the rain."
@Tedthekelpie We had ewes in confinement setup last year and it didn’t work well trying to lamb in them. Maybe we didn’t quite have it all setup right but we won’t be taking that chance again for a while. Hay and feeders in main paddocks we still feel is a better fit.
@hasselljpb Any old monkey can make a budget surplus with a pencil and an eraser. What I wanna know is when was the last time the core debt was put on hold or reduced?
@burgess_ag I have done it, not ideal for 10” air seeder auger but smaller probably be ok. For best results I use to mark where the auger would be and then pull in with truck so auger is actually just inside the line of trailer to increase the fall angle best I could. Last bit was the worst.