Undecided

2 posts

Member for

5 years 8 months
Last seen: 03/08/2018 - 21:05
Joined: 08/25/2013 - 19:44

Undecided

Hi All,

I first want to say I've thoroughly enjoyed reading this web site. Well I'm sad to say I am yet to purchase a farm however if all goes well I plan on changing that with in the next 12 months. You see I've just been made redundant from my job of 15 years and I would like to take advantage of the situation by investigating the possibility of owning my own small farm business. 

What I'd like to do is purchase a 40 - 50 acre farm on or near the Gold Coast Hinterland so I can breed 40 or so Dexters and/or Galloways. Do you think this is a good idea considering the current financial status of many farmers and the only farming experience I've had consists of holidaying on a few farms over the years?

The thing is I've been fortunate enough to receive a substantial severance payout and I would like to retier and combine it with my superannuation payout and buy a farm outright so I don't have a mortgage to contend with.

I hope this will allow me to work on the farm full time looking after the heard as well as other run of the mill farm yard animals that will help me achieve a largely self sufficient lifestyle for my wife, 13 year old daughter and I.

If we are able to find a suitable farm within 1 hours drive of Southport then my wife would continue working which would provide around $30k a year. Do you think I'll be able to make a profit from a farm of this type or do you think we will end up living off my wife's income?

I'll have to leave it at that for now because my phone is running out of charge, any advice or assistance would be greatly appreciated.

kinedest regards

Wayne

 

Forums
Last seen: 05/13/2019 - 17:05
Joined: 11/23/2011 - 09:38

Hi Wayne,

First let me say I am not an accountant.However I do have a fair amount of experience breeding livestock.

Regarding Dexter and Low Line cattle. Yes, they are smaller than standard cattle, but this doesn't make them any easier to handle and they can be just as sulky or difficult to handle as regular cattle. Full grown they will weigh around 200-300 kg + and are always much stronger than a human male of the same wieght. The market for them is fairly limited and they are mostly sold to hobby farmers with very small holdings. I have friends who breed them both for meat and for show- they have found that butchers and abbotoirs are reluctant to buy them at  sales because the carcasse yield is so small- a T bone is about twice the size of a lamb cutlet.

 It may be possible to make a living from live stock on a small property of 40-50 acres, but it is most likely that your wife or yourself would still have to work outside of the property to maintain a reasonable lifestyle.

I don't want to put you off, as the country lifestyle is much better than the hurley burley of the city and I would never consider selling up and moving. However, I just thought that you should be aware that it is probably unlikely that you will make a fortune. You may just grow to love it though, as I do.

cheers,

Barb

New Forum Topics

Topic Replies Last post Forum
5520 Assignment help
by AJD on Mon, 04/08/2019 - 13:22
1
by Phil
Thu, 05/23/2019 - 19:37
General Forum
5684 What do I do with 20 acres of grapes?
by Phil on Thu, 05/23/2019 - 19:20
0
by Phil
Thu, 05/23/2019 - 19:20
New Members
5544 Petrol supply carburettor Massey Ferguson 35 Petrol
by Scarydingo on Sun, 04/28/2019 - 16:09
1
by Phil
Thu, 05/23/2019 - 19:10
Machinery & products
5670 New member - Brisbane - looking for agistment for cattle
by [email protected] on Fri, 05/10/2019 - 18:22
1
by admin
Wed, 05/15/2019 - 14:39
New Members
5466 How to Become Classified as A Primary Producer/Alpacas
by Char on Fri, 02/01/2019 - 11:04
2
by AmarooFarm
Tue, 05/14/2019 - 10:45
Farm planning
5673 Goat Worming
by Brettgarland on Sat, 05/11/2019 - 17:06
1
by barb
Mon, 05/13/2019 - 17:05
Farming Help
5672 Barley Straw
by Griswold on Fri, 05/10/2019 - 20:34
0
by Griswold
Fri, 05/10/2019 - 20:34
Farm water
5611 lantana and land clearing
by samsmith on Tue, 05/07/2019 - 17:21
1
by barb
Thu, 05/09/2019 - 16:01
Farming Help
5545 Best animals for low maintenance earning on 500 acres - QLD
by fazeraus on Mon, 04/29/2019 - 20:19
1
by admin
Tue, 05/07/2019 - 16:03
Farm planning
3316 Atherton Tablelands Queensland
by Benfairley on Mon, 01/22/2018 - 17:08
2
by hkatt2
Mon, 05/06/2019 - 16:55
New Members
5503 Agistment gone bad!
by frontess on Mon, 04/01/2019 - 21:35
4
by admin
Wed, 05/01/2019 - 09:42
General Forum
5538 New member looking for Dorper lambs in Noth Brisbane area
by Darryl1377 on Sun, 04/21/2019 - 17:40
1
by admin
Mon, 04/29/2019 - 07:54
New Members
5537 Dorper and Johnson grass
by krooges on Sat, 04/20/2019 - 11:44
1
by rolly @ fi
Wed, 04/24/2019 - 13:10
Sheep
5536 NLIS CONFUSION
by RedGums on Fri, 04/19/2019 - 15:00
1
by barb
Tue, 04/23/2019 - 13:12
Goats
2644 Cattle branding - fire v electric
by Comraich on Mon, 11/02/2015 - 14:33
6
by [email protected]
Mon, 04/22/2019 - 14:50
Farming Help
5522 Total newbies on 8 acres Vic
by shelle on Thu, 04/11/2019 - 10:56
1
by admin
Tue, 04/16/2019 - 16:07
New Members
5523 Dairy cow, when?
by shelle on Thu, 04/11/2019 - 11:19
0
by shelle
Thu, 04/11/2019 - 11:19
Farm skills & knowledge
5501 Goat feed pellets from fruits and vegetable pulp
by shadabkn on Sat, 03/30/2019 - 07:55
2
by admin
Wed, 04/10/2019 - 11:07
Livestock
5474 Olive saplings in victoria
by nizfer2019 on Mon, 02/18/2019 - 04:15
2
by nizfer2019
Sun, 03/24/2019 - 13:25
Farming Help
5486 Diversify with Aqilaria crassna
by DebbieP on Wed, 03/20/2019 - 20:06
1
by Albertgotdonkey
Fri, 03/22/2019 - 12:31
Business & marketing

Our Sponsors

Our Partners