Family farm partnerships are proving to be an excellent progressive mechanism for succession planning and management of the family farm. In addition to other supports, special tax relief is available where partnerships are used as part of a succession plan.
Some of the benefits of partnership arrangements include:
Partnerships allow both younger and older generations to be actively involved.Partnerships can have positive EU payment benefits, including Young Trained Farmer Top-Ups and TAMS.Partnerships can offer tax saving opportunities through stock relief and personnel allowances.Income tax credits of € 25,000 will be available to the members of a qualifying registered partnership where at least 80% of the farm will be transferred within 10 years.The partnership helps to define roles, develop a farm plan and determine income split.The steps involved in forming a partnership include:
Add the new farmer(s) on to the herd number. Form ER1.1 is used for this. Please note that adding a person or persons on to the herd number is just the first step and should not be considered an end in itself. To prevent any negative tax or legal implications, this step should be followed up with a formal agreement.Open and operate a bank account for the farm. This bank account should be used for all farm revenues and expenses. The named persons on this bank account are those participating in the partnership.Register the partnership with Revenue.A working or on-farm agreement is prepared. This agreement outlines:Who the partnership is between.The start date and duration.The purpose of the partnership (eg to operate the Murphy Family Dairy Farm).The lands being made available to the partnership.Other assets and livestock being made available to the partnership.Roles and responsibilities of each partner.How profits are to be split and details of regular payments to any partner.Where records are to be kept and who is responsible.The partnership agreement is formalised and registered with the Dept. of Agriculture.
Land Mobility
Opportunities
A key element of the Land Mobility Service is matching people to opportunities. This is a brokerage service to find the ideal farmer match for you. Call 01-4199555 to speak with our specialist team and provide your details and preferred option. Confidentiality is assured. Qualified leads will be passed to you for further consideration.
Farms for Lease
FARM FOR LEASE near Delvin in Co. Meath. 170 acres in one block of which 150 acres are arable. Farm is all in grass with good boundary fencing. This farm is suitable for any enterprise. The owner is interested in entering into a long term lease. | REFERENCE WN06 65 HA FARM opportunity available in Co. Kilkenny. Farm presently in beef & sheep with good winter accommodation facilities. Owner open to partnership arrangement, lease or alternative uses.
| REFERENCE TN12 LIVESTOCK OPPORTUNITY
KILKENNY Good Size traditional mid Kilkenny mixed farm with sucklers, cattle, sheep & tillage. Land Owner looking for an enthusiastic young trained farmer with skills and experience in livestock and grassland management to explore a collaborative farming arrangement. |REFERENCE TN09 Dairy Opportunity
DAIRY OPPORTUNITY MAYO near Claremorris. Dry Farm with 50 Hectares in one block, owner putting in dairy infrastructure. Owner looking for someone to work with him to develop a successful dairy business. | REFERENCE MT06. SOUTH WEXFORD NEAR Waterford Harbour a Working Dairy Farm available with 123 acres all milking platform. Land laid out in paddocks with roadway and water infrastructure (one inch). Yard infrastructure includes 154 cubicles plus associated slurry storage, silage pits, storage shed, large calving shed, calf rearing shed with auto calf feed system, roofed collecting yard. Milking parlour 10 units but space for more, 10,000 litre bulk tank and an array of machinery. The farm has 95 milk recorded spring calving cows. Owner is looking to step back and would like to see the farm continue as a working dairy farm, owner is open to all forms of collaboration with the right person. This is a lovely farm and represents a tremendous opportunity for anyone interested in dairy farming.
| REFERENCE FL08 WEST CORK DAIRY Farm with 75 acres grazing platform and presently carrying 60 cows. Compact, tidy farm, 84 cubicles in main shed with automatic scrapers and calving pens. Would make an ideal dairy or dairy support block or would also be suitable for any farm enterprise. Infrastructure includes 8 unit easy flow milking parlour with feeders, slatted weanling/calf shed, additional support sheds, silage pit and slurry storage. Owner would like to step back and enter a long term lease with a suitable person. |REFERENCE TX30.CONTRACT HEIFER REARING
RETIRED DAIRY FARMER available for contract rearing of dairy stock in south Tipperary. 90 acres of top quality grassland available.
| REFERENCE OK11 CONTRACT REARER AVAILABLE to rear around 40 heifers from weaned to just before second winter. Good south facing grass farm with wintering facilities available. Free up your land around the parlour to milk more cows, make better winter feed or drop rented ground. Also free up your housing used for young stock and your labour especially during the busy spring and AI/breeding seasons. Reduce disease risk of buying in heifers as there will be no other stock mixed with yours. TB free farm with over 30 years and a TB free area. Get back better heifers, with more in-calf, and more calving earlier in the season. Regular weighing’s & updates. Vaccination programme to suit. All options considered. Kilkenny area. | REFERENCE TN13 EXPERIENCED CONTRACT REARER looking to rear 70-100 heifers. Has good facilities and freshly reseeded land. Based on the Wicklow/Kildare border but can take heifers from any area. Experience and facilities to rear calves or can take them reared.
| REFERENCE VT04 LOOKING TO RENT
LOOKING FOR GRASSLAND to rent for cattle and sheep in the Enfield/Kilcock and surrounding areas. 50 plus acres with maps required but anything considered. Land well looked after. |REFERENCE OH05LOOKING FOR LAND to lease in Co. Cork. 40 acres plus, for beef enterprise, five year minimum lese, may consider tillage ground.
|REFERENCE TX31AMBITIOUS YOUNG FARMER looking to lease block of land (50-200 acres) in east Clare area so as to facilitate expansion of existing suckler herd and to grow beef enterprise. Good references available. All parcels of land considered.
| REFERENCE NM04ALTERNATIVE ENTERPRISE OPPORTUNITY
UNIQUE OPPORTUNITY FOR a young person interested in farming. Milking Sheep Enterprise 200 ewes together with sheep milking equipment. There is a guaranteed and good market for all sheeps milk to a cheesemaker in Co. Clare near Limerick. The owner wishes to step back and provide an opportunity to a young person with access to land and an interest plus knowledge of sheep and grass.
| REFERENCE NM05
Family farm partnerships are proving to be an excellent progressive mechanism for succession planning and management of the family farm. In addition to other supports, special tax relief is available where partnerships are used as part of a succession plan.
Some of the benefits of partnership arrangements include:
Partnerships allow both younger and older generations to be actively involved.Partnerships can have positive EU payment benefits, including Young Trained Farmer Top-Ups and TAMS.Partnerships can offer tax saving opportunities through stock relief and personnel allowances.Income tax credits of € 25,000 will be available to the members of a qualifying registered partnership where at least 80% of the farm will be transferred within 10 years.The partnership helps to define roles, develop a farm plan and determine income split.The steps involved in forming a partnership include:
Add the new farmer(s) on to the herd number. Form ER1.1 is used for this. Please note that adding a person or persons on to the herd number is just the first step and should not be considered an end in itself. To prevent any negative tax or legal implications, this step should be followed up with a formal agreement.Open and operate a bank account for the farm. This bank account should be used for all farm revenues and expenses. The named persons on this bank account are those participating in the partnership.Register the partnership with Revenue.A working or on-farm agreement is prepared. This agreement outlines:Who the partnership is between.The start date and duration.The purpose of the partnership (eg to operate the Murphy Family Dairy Farm).The lands being made available to the partnership.Other assets and livestock being made available to the partnership.Roles and responsibilities of each partner.How profits are to be split and details of regular payments to any partner.Where records are to be kept and who is responsible.The partnership agreement is formalised and registered with the Dept. of Agriculture.
Land Mobility
Opportunities
A key element of the Land Mobility Service is matching people to opportunities. This is a brokerage service to find the ideal farmer match for you. Call 01-4199555 to speak with our specialist team and provide your details and preferred option. Confidentiality is assured. Qualified leads will be passed to you for further consideration.
Farms for Lease
FARM FOR LEASE near Delvin in Co. Meath. 170 acres in one block of which 150 acres are arable. Farm is all in grass with good boundary fencing. This farm is suitable for any enterprise. The owner is interested in entering into a long term lease. | REFERENCE WN06 65 HA FARM opportunity available in Co. Kilkenny. Farm presently in beef & sheep with good winter accommodation facilities. Owner open to partnership arrangement, lease or alternative uses.
| REFERENCE TN12 LIVESTOCK OPPORTUNITY
KILKENNY Good Size traditional mid Kilkenny mixed farm with sucklers, cattle, sheep & tillage. Land Owner looking for an enthusiastic young trained farmer with skills and experience in livestock and grassland management to explore a collaborative farming arrangement. |REFERENCE TN09 Dairy Opportunity
DAIRY OPPORTUNITY MAYO near Claremorris. Dry Farm with 50 Hectares in one block, owner putting in dairy infrastructure. Owner looking for someone to work with him to develop a successful dairy business. | REFERENCE MT06. SOUTH WEXFORD NEAR Waterford Harbour a Working Dairy Farm available with 123 acres all milking platform. Land laid out in paddocks with roadway and water infrastructure (one inch). Yard infrastructure includes 154 cubicles plus associated slurry storage, silage pits, storage shed, large calving shed, calf rearing shed with auto calf feed system, roofed collecting yard. Milking parlour 10 units but space for more, 10,000 litre bulk tank and an array of machinery. The farm has 95 milk recorded spring calving cows. Owner is looking to step back and would like to see the farm continue as a working dairy farm, owner is open to all forms of collaboration with the right person. This is a lovely farm and represents a tremendous opportunity for anyone interested in dairy farming.
| REFERENCE FL08 WEST CORK DAIRY Farm with 75 acres grazing platform and presently carrying 60 cows. Compact, tidy farm, 84 cubicles in main shed with automatic scrapers and calving pens. Would make an ideal dairy or dairy support block or would also be suitable for any farm enterprise. Infrastructure includes 8 unit easy flow milking parlour with feeders, slatted weanling/calf shed, additional support sheds, silage pit and slurry storage. Owner would like to step back and enter a long term lease with a suitable person. |REFERENCE TX30.CONTRACT HEIFER REARING
RETIRED DAIRY FARMER available for contract rearing of dairy stock in south Tipperary. 90 acres of top quality grassland available.
| REFERENCE OK11 CONTRACT REARER AVAILABLE to rear around 40 heifers from weaned to just before second winter. Good south facing grass farm with wintering facilities available. Free up your land around the parlour to milk more cows, make better winter feed or drop rented ground. Also free up your housing used for young stock and your labour especially during the busy spring and AI/breeding seasons. Reduce disease risk of buying in heifers as there will be no other stock mixed with yours. TB free farm with over 30 years and a TB free area. Get back better heifers, with more in-calf, and more calving earlier in the season. Regular weighing’s & updates. Vaccination programme to suit. All options considered. Kilkenny area. | REFERENCE TN13 EXPERIENCED CONTRACT REARER looking to rear 70-100 heifers. Has good facilities and freshly reseeded land. Based on the Wicklow/Kildare border but can take heifers from any area. Experience and facilities to rear calves or can take them reared.
| REFERENCE VT04 LOOKING TO RENT
LOOKING FOR GRASSLAND to rent for cattle and sheep in the Enfield/Kilcock and surrounding areas. 50 plus acres with maps required but anything considered. Land well looked after. |REFERENCE OH05LOOKING FOR LAND to lease in Co. Cork. 40 acres plus, for beef enterprise, five year minimum lese, may consider tillage ground.
|REFERENCE TX31AMBITIOUS YOUNG FARMER looking to lease block of land (50-200 acres) in east Clare area so as to facilitate expansion of existing suckler herd and to grow beef enterprise. Good references available. All parcels of land considered.
| REFERENCE NM04ALTERNATIVE ENTERPRISE OPPORTUNITY
UNIQUE OPPORTUNITY FOR a young person interested in farming. Milking Sheep Enterprise 200 ewes together with sheep milking equipment. There is a guaranteed and good market for all sheeps milk to a cheesemaker in Co. Clare near Limerick. The owner wishes to step back and provide an opportunity to a young person with access to land and an interest plus knowledge of sheep and grass.
| REFERENCE NM05 
This is a subscriber-only article
SHARING OPTIONS: