Farm Review
Business Challenge
The client was a commercial dairy and livestock farmer based in the midlands of Ireland. The farmer’s goal was to devise an appropriate off-farm investment strategy to be funded from Single Farm Payment (SFP) cash-flow. He also wished to streamline his current farming operation to ensure that money from the SFP wasn’t used to subsidise his food production operations.
Our Approach
Farrelly & Mitchell examined his financial situation in detail. We
then organised meetings with key family members to look at the life and
career goals of everybody involved in the operation. Farrelly &
Mitchell then formulated a farm business review and negotiated its
acceptance by all key family members.
Benefits & Value
The farm business review identified:
- Appropriate investments for the farmer, which would allow him to reach his retirement goals.
- An appropriate settlement for the farmer’s brothers, who had peripheral involvement on the farm.
- An exit from sheep farming, cutting down on livestock farming and a plan for expanding the dairy operation.