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Along the lines of Matt Stewart, found the biggest mistake my wife and I
made in purchasing a farm was not allowing enough for key improvements
required on the farm (pastures, fencing, water, yards, etc). Found that
couldn't fund improvements adequately out of cash flow so serious delays
(years) in making the necessary changes to earn more dollars. If I had
the time again, I would have waited until our equity allowed us to borrow
both for the land and the key improvements needed on the property.
Greg O'Brien,
Dairy Extension Officer
DPI, Victoria
1301 Hazeldean Road,
Ellinbank, Victoria, Australia
3821
Phone 03 56242288
Fax 03 56242200
belindarstevens@bigpond.com
14/08/2006 08:15 PM
Please respond to vicdairy-l
To: vicdairy-l@unimelb.edu.au
cc:
Subject: Whats next?
My wife and I are currently managing a large dairy operation in southern
NSW and are in the process of putting together our plan for the next 5-10
years. We are hoping to purchase a herd and eventually a farm. Just
wondering what experiences others have had on their own path to farm
ownership. What should we be looking for and more importantly what things
should we be trying to avoid.Have spoken to alot of farmers and farm
advisors already but we believe the more information we can get from
others who have already been through or are still going through something
similar the greater our chance of success.
Any thoughts and ideas would be greatly appreciated.
Shane and Belinda Stevens
COROWA NSW
--Boundary_(ID_NGllbK8E4A2aFPKDoUCo2A)
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<br><font size=2 face="sans-serif">Along the lines of Matt Stewart, found the biggest mistake my wife and I made in purchasing a farm was not allowing enough for key improvements required on the farm (pastures, fencing, water, yards, etc). Found that couldn't fund improvements adequately out of cash flow so serious delays (years) in making the necessary changes to earn more dollars. If I had the time again, I would have waited until our equity allowed us to borrow both for the land and the key improvements needed on the property.</font>
<br>
<br><font size=2 face="sans-serif">Greg O'Brien,<br>
Dairy Extension Officer<br>
<br>
DPI, Victoria<br>
1301 Hazeldean Road,<br>
Ellinbank, Victoria, Australia<br>
3821<br>
<br>
Phone 03 56242288<br>
Fax 03 56242200</font>
<br>
<br>
<br>
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<td><font size=1 face="sans-serif"><b>belindarstevens@bigpond.com</b></font>
<p><font size=1 face="sans-serif">14/08/2006 08:15 PM</font>
<br><font size=1 face="sans-serif">Please respond to vicdairy-l</font>
<br>
<td><font size=1 face="Arial"> </font>
<br><font size=1 face="sans-serif"> To: vicdairy-l@unimelb.edu.au</font>
<br><font size=1 face="sans-serif"> cc: </font>
<br><font size=1 face="sans-serif"> Subject: Whats next?</font></table>
<br>
<br>
<br><font size=2 face="Arial">My wife and I are currently managing a large dairy operation in southern NSW and are in the process of putting together our plan for the next 5-10 years. We are hoping to purchase a herd and eventually a farm. Just wondering what experiences others have had on their own path to farm ownership. What should we be looking for and more importantly what things should we be trying to avoid.Have spoken to alot of farmers and farm advisors already but we believe the more information we can get from others who have already been through or are still going through something similar the greater our chance of success.</font>
<br><font size=2 face="Arial">Any thoughts and ideas would be greatly appreciated.</font>
<br><font size=3 face="Times New Roman"> </font>
<br><font size=2 face="Arial">Shane and Belinda Stevens</font>
<br><font size=2 face="Arial">COROWA NSW</font>
<br>
<br>
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