$20,000 turnover off of 44 acres.

2 posts

Member for

7 years 8 months
Last seen: 03/16/2012 - 14:47
Joined: 03/16/2012 - 09:54

$20,000 turnover off of 44 acres.

My wife and I have bought 44 acres with the view of expanding our 9 dorpers into a flock of 30 - 40 and then "trading up" and eventually having a viable farm. 

Our accountant has informed us that to run the farm as a business and the associated tax benefits, we need to achieve a turnover of around $20,000. This is patently impossible with the dorpers, however we were wondering if anyone had any other ideas to achieve that kind of turnover? 

It doens't particularly matter if we can't run the farm as a business, we were just wondering if it was at all possible.

Alex. 

Last seen: 12/26/2018 - 09:21
Joined: 05/31/2011 - 09:44

Hi Alex,

Welcome to FarmStyle and thanks for the question.

It is possible to turnover $20000 off a small land area, but you will not be able to do it with traditional agricultural enterprises such as sheep, cattle, goats, hay and crops.

You will need to look at agricultural enterprises that are intensive or ones that you can add value (change the physical nature of the raw product to increase its value) to.

There are any number of enterprises (fruit, nuts, vegetables, chickens, agroforestry) that you could look at, however they will need to be suited to your farm's resources (climate, soil type, location, infrastructure, zoning) and your own personal skills and abilities.

Intensive or value adding enterprises will all have high set up ($3000-$5000/ha) costs, running costs and long term payback periods. Like any business you will need to invest sufficient time and effort for it to be successful.

I hope this has been helpful and please reply if you have any other further queries.

Charlie

New Forum Topics

Topic Replies Last post Forum
3034 Partnership Farming/land ownership - some questions before entering in
by Sheffo on Sun, 08/14/2016 - 18:17
5
by barra
Tue, 08/15/2017 - 14:54
General Forum
736 $20,000 turnover off of 44 acres.
by Alex Hughes on Fri, 03/16/2012 - 10:10
1
by charlie
Mon, 03/19/2012 - 13:04
Farming Help
2465 12 acres and contracted water lisence. What to do?
by JT on Sun, 07/19/2015 - 11:59
4
by JT
Wed, 07/22/2015 - 19:53
General Forum
5451 17 year old with a strong passion for agriculture
by James F on Wed, 01/09/2019 - 19:21
0
by James F
Wed, 01/09/2019 - 19:21
New Members
2208 2 yr old Dorper as a pet?
by molly_chick on Sun, 12/07/2014 - 17:33
3
by barb
Fri, 12/12/2014 - 10:11
General Forum
3282 2009/2010 Hay net issues
by kneebiesfam on Fri, 11/17/2017 - 14:05
1
by admin
Fri, 11/17/2017 - 16:01
General Forum
5759 3 Point Linkage small Backhoe attachment
by [email protected] on Sat, 07/06/2019 - 10:05
1
by steventh
Sat, 07/13/2019 - 19:36
General Forum
2403 3rd time lucky!
by Kaz on Fri, 05/22/2015 - 18:26
1
by barb
Fri, 05/22/2015 - 20:49
New Members
2461 5 Acres is the place to Be
by Cap on Sat, 07/18/2015 - 08:44
3
by barb
Sun, 07/19/2015 - 08:08
New Members
2618 7 acres of red volcanic soil - what to do with it?
by Susannamc on Sun, 10/11/2015 - 14:18
1
by barb
Sun, 10/11/2015 - 16:40
General Forum
1843 A one-off Income over $20000 - Do I need an ABN?
by [email protected] on Sun, 03/09/2014 - 10:16
1
by charlie
Sun, 03/09/2014 - 22:51
Farming Help
2544 Abattoir experiences and costings
by Black Locust on Sun, 08/23/2015 - 20:13
2
by barb
Mon, 09/07/2015 - 11:20
General Forum
5484 Abattoir options
by summit1966 on Sun, 03/17/2019 - 22:43
0
by summit1966
Mon, 04/01/2019 - 14:33
Butcher meat
1426 ABN number for small farm
by ivan4ilse on Thu, 11/01/2012 - 18:52
3
by ivan4ilse
Tue, 11/20/2012 - 18:52
Farming Help
3812 About to be HobbyFarmers
by HumbugFarmer on Fri, 07/20/2018 - 09:30
1
by admin
Wed, 07/25/2018 - 19:27
New Members
5473 Acreage with a tree plantation
by Dan13L on Mon, 02/18/2019 - 01:43
1
by admin
Tue, 02/26/2019 - 16:30
General Forum
2733 Acres for rent??
by leckie on Wed, 01/27/2016 - 14:18
0
by leckie
Wed, 01/27/2016 - 14:18
Farming Help
5908 Adding cameras to tracotrs
by IHeartRobots on Fri, 12/06/2019 - 08:20
0
by IHeartRobots
Fri, 12/06/2019 - 08:20
Farm software
2692 Advice on buying a new box trailer - can it transport livestock?
by Black Locust on Wed, 12/30/2015 - 23:01
3
by barb
Thu, 12/31/2015 - 16:39
Farming Help
2375 Advice on paddock agreement
by Kaz on Tue, 04/28/2015 - 07:55
6
by barb
Fri, 05/01/2015 - 12:40
General Forum

Our Sponsors

Our Partners