HBEN wrote:Should I Invest in Farm Management as lots of people earning through this?
How many cows we need to start for that and managing a farm is good or going for dairy production would be more better?
What do you guys suggest?
Although I trained in farm management I'm somewhat out of date...
Farmland ownership has advantages for those seeking to avoid IHT but otherwise:
Over the past 100 years average England farmland values have returned 6 per cent per annum. In real terms, this equates to just over 1 per cent compound annual growth rate over the same period.
https://www.savills.co.uk/property-valu ... alues.aspxFarmland costs between £5 000-10 000 per acre, or roughly £12 000-25 000 per Ha (from previous link).
Since Brexit, the outlook is very unclear for farming in the UK due to changes in
subsidies and incentives.
If you are considering dairy production then a herd size of 250 would provide sufficient scale for profitability, depending on the above. It might be worth considering adding value by turning milk into cheese but that requires more time and investment, labour, marketing etc. 250 dairy cattle would need approximately 100 Ha of land depending on land and management techniques. Each dairy cow would cost approximately £1500 for Holstein \ Friesian crosses:
https://ahdb.org.uk/dairy-cattle-rearing-calf-pricesSo land and cattle would be perhaps £2.5M then you would need accommodation and equipment etc.
Can't advise on beef production as so much seems to depend on relatively short-term changes in feed costs and post-Brexit imports, the import of beef from Australia has been in the news recently.
Unless you are really dedicated there must be easier ways to make money.
RC