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Hi everyone,
On the other hand, we bought our 170 acre farm in 1980 for $200,000 =
after sharefarming for 14 years. Today we milk 1100 on two farms with =
two of our children and families working with us. I think we are =
happier with that than shares. Everyone looks at things =
differently.........
Regards
Geoff & Carol Landy
----- Original Message -----=20
From: David & Barbara Clayton=20
To: vicdairy-l@unimelb.edu.au=20
Sent: Thursday, February 02, 2006 10:01 PM
Subject: Fw: Land and cattle prices.
Greetings everyone,
In 1986 when we bought this farm, the money we paid for it would have =
bought about 170,000 NAB shares. If we sold out tomorrow we could,at =
best, buy only about 60,000 NAB shares. I wish........I wish..........
Regards,
David Clayton
Warragul
--- Original Message -----=20
From: vikki templeton=20
To: vicdairy-l@unimelb.edu.au=20
Sent: Thursday, February 02, 2006 6:59 PM
Subject: Re: Land and cattle prices.
Hello all,
Just on Tim's point on land values and cattle prices.
The higher price of land has allowed a lot of farmers to at least =
walk away from the industry with some money in their pockets. It also =
means that the new owner of that property has to also get another 30% =
return on his investment from the same farm that the last fella =
struggled to justify keeping on it's value.
That is for a $1,000,000 farm to be viable against bank interest, =
it needs to generate at least $60,000 return at 6%. The new farmer, same =
farm, now worth $1,300,000 has to generate a return of investment of =
$78,000. Pretty hard task when costs keep rising no matter how efficient =
the new farmer is, for that farm to generate another $18,000 to justify =
its worth as a business.
In regards to cattle prices lifting, is probably due to the lack =
of replacements, thanks to the export job.
What is going to happen when that nice little side order is no =
longer going to be available as an income prop?
Thanks
Vikki
=20
=20
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<DIV><FONT face=3DArial size=3D2>Hi everyone,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>On the other hand, we bought our =
170 acre=20
farm in 1980 for $200,000 after sharefarming for 14 years. Today =
we milk=20
1100 on two farms with two of our children and families working with =
us. I=20
think we are happier with that than shares. Everyone looks at =
things=20
differently.........</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Regards</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Geoff & Carol Landy</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dbarbclay@dcsi.net.au =
href=3D"mailto:barbclay@dcsi.net.au">David &=20
Barbara Clayton</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dvicdairy-l@unimelb.edu.au=20
=
href=3D"mailto:vicdairy-l@unimelb.edu.au">vicdairy-l@unimelb.edu.au</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, February 02, =
2006 10:01=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Fw: Land and cattle=20
prices.</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV style=3D"FONT: 10pt arial">
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><FONT =
face=3DArial=20
size=3D2>Greetings everyone,</FONT></DIV></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>In 1986 when we bought =
this farm, the money=20
we paid for it would have bought about 170,000 NAB shares. If we =
sold out=20
tomorrow we could,at best, buy only about 60,000 NAB shares. I=20
wish........I wish..........</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Regards,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>David Clayton</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Warragul</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">--- Original Message ----- </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dvtempleton@iprimus.com.au=20
href=3D"mailto:vtempleton@iprimus.com.au">vikki templeton</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dvicdairy-l@unimelb.edu.au=20
=
href=3D"mailto:vicdairy-l@unimelb.edu.au">vicdairy-l@unimelb.edu.au</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, February =
02, 2006=20
6:59 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: Land and =
cattle=20
prices.</DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT =
face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">Hello=20
all,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT =
face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">Just on=20
Tim=92s point on land values and cattle =
prices.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT =
face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">The higher=20
price of land has allowed a lot of farmers to at least walk away =
from the=20
industry with some money in their pockets. It also means that the =
new=20
owner of that property has to also get another 30% return on his=20
investment from the same farm that the last fella struggled to =
justify=20
keeping on <SPAN class=3DGramE>it=92s</SPAN>=20
value.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT =
face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">That is for=20
a $1,000,000 farm to be viable against bank <SPAN=20
class=3DGramE>interest,</SPAN> it needs to generate at least =
$60,000 return=20
at 6%. The new farmer, same farm, now worth $1,300,000 has to =
generate a=20
return of investment of $78,000. Pretty hard task when costs keep =
rising=20
no matter how efficient the new farmer is, for that farm to =
generate=20
another $18,000 to justify its worth as a=20
business.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT =
face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">In regards=20
to cattle prices lifting, is probably due to the lack of =
replacements,=20
thanks to the export job.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT =
face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">What is=20
going to happen when that nice little side order is no longer =
going to be=20
available as an income prop?<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT =
face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
Arial">Thanks<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"LINE-HEIGHT: 150%"><FONT =
face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: =
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style=3D"mso-spacerun: =
yes"> </SPAN><o:p></o:p></SPAN></FONT></P></DIV></BLOCKQUOTE></BLOCK=
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