Farm Finance: Crunching the numbers ahead of a clearance sale
Farmers who have decided to change tack face a multitude of choices, such as winding down over a number of years, having a clearance sale, having a private sale or leaving cows empty and taking the fattening route.
Over the past few weeks a number of farmers have asked what the tax implications are arising from the disposal of their herd. This year has been tough and some farmers have decided to call it time.
There should be no shame in that, and at the end of the day, everyone must weigh up their own circumstances and figure out what’s best for themselves and their family.
