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- Farm Tender Daily
Farm Tender Daily - All the news from Monday, the 17th of June, 2024.
Click here to go to the Farmer Tender website.
By Dwain Duxson
The trifecta of Goodness - I know a few people who have recently leased their Farm out for pretty good coin, and it got me thinking that leasing isn't a straightforward option for everyone. The people I mentioned were in the right position to do so.
The old 5 per cent of the value of the Property rule has gone out the door, and there seems to be different values for different areas, and it can depend on what sort of commodity you're into. For instance, some are getting $400 an acre in the Yorke Peninsula (SA) because they can grow Lentils. That would be the clubhouse leader, and it comes down from there. If you have Livestock Country only, then you probably can't demand as much as Cropping Country right at this point, but these things can change around.
Leasing your country out is not for everyone for several reasons; firstly, many who own Land probably don't want to do it. Also, debt plays a big part because those with too much debt can't do it because the numbers just don't work. On current figures it would be cheaper to lease rather than borrow and buy right now.
Many who have earned the right to lease out have usually paid for the Land through production over the years, so leasing can be a way they retain an interest in Agriculture. I'm calling it the trifecta of Goodness (top of my head) in that you still have retained an appreciating asset, you get an income off that asset, and you don't have the pressures of Farming to contend with anymore. You handball that to someone else. Would you ever think of leasing your place out? Reply to [email protected]
The Farmers Club headlines - Our 3 topics tomorrow are:
1) Cash flow is king, according to this very wise businessman. (Free).
2) The unwinnable years are now winnable. (Paid).
3) Cost creep. A little bit here and a little bit there. (Paid).
The Farmers Club - For the curious ones Sign up here for free.
2 x Auctions this week - See here the Multi-Vendor Auction, which is on Wednesday the 19th of June. And see here the G & J East, Strathalbyn SA EOFY Auction on Thursday, the 20th of June.
Securing Food Supply Survey - This survey here is aimed at Victorians, but if you are outside Vic and feel strongly enough about this matter, please don’t hesitate to fill it out. This has been commissioned by the Parliament of Victoria, so here is your chance to have some real impact. See the press release here.
Regeneration Family Succession Event - We write alot about succession being arguably the biggest issue in Ag. This looks like a great event. Check out the flyer at the bottom of the page. And you can buy tickets here.
Today's Trends - Sales trends included Wheat Seed, Spreaders, Lucerne Hay, Pasture Hay, Sheep Feeders, Chasen Bins, Barley Seed, Clover Hay, Vetch Seed, Corn, Cattle Crush, Vetch Hay, Lucerne Hay, and Urea
End of message
Dwain Duxson
P - 0427 011 900
E - [email protected]
What was listed today.
What was sold today.
