FabSwingers.com forum: Setting up Agri contracting business discussion

By *oatsnhoes OP Man
4 weeks ago

fermoy

I'm from farming background, have no savings, have a fuck load of debt, but want to give myself more misery and pain for a slight glimpse of calling the shots and working for myself, anyone have any experience just trying to get a 50k loan and getting a tractor?

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By *he KakapoMan
4 weeks ago

A nice rock

How far along the process are you?

Do you have a business plan or any projected demand?

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By *ot really famousMan
4 weeks ago

monaghan

"I'm from farming background, have no savings, have a fuck load of debt, but want to give myself more misery and pain for a slight glimpse of calling the shots and working for myself, anyone have any experience just trying to get a 50k loan and getting a tractor?"
...tractor prices start at 1000e per horse at the minute ...so 50k would only buy you someone else's trouble...get a hgv licence....our company can't get drivers, another rival hired a guy who hit his truck 5 times in a month....minimum 1000e a week home with you, 24 days holidays, paid t an avof your salary...take a week off....1000e...give you a chance to save a bit of money...new truck, pick your route, Ireland, England, or Europe....

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By *th dub buddiesCouple
4 weeks ago

Dundrum

Love this dirty talk...

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By *ot really famousMan
4 weeks ago

monaghan

"Love this dirty talk..."
...stay tuned ploughing is the next topic...

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By *adger BrocMan
4 weeks ago

Co. Cork

Now you're suckin diesel.

Get up dat yard.

🚜

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By *o strings but a G-stringMan
4 weeks ago

city

On a serious note Bus Eireann will pay you to learn to be a bus driver.

On a fabulous note: if successful, you can give over 50 people the ride at the same time

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By *oldByMarCouple
4 weeks ago

playa de ingles / outa da west

Did ya ever get a ride on a tractor 🚜

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By *ot really famousMan
4 weeks ago

monaghan

"Did ya ever get a ride on a tractor 🚜 "
...no...but I may have pulled a ball at the bingo...

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By *eralt80Man
4 weeks ago

cork

Best of luck with it OP. Going out in your own is a brave step.

If you’ve a load of debt you may struggle to get finance for a tractor not to mention the implements you’re going to be pulling. So try and pay down as much of this as possible.

Being your own boss you might have the illusion of setting your own hours but you’re still answerable to your customers.

When setting your rates, stick to them. Consistency is key and make sure to collect what your owed.

Don’t forget the hidden costs of self employment that nobody tells you about, your different insurances, taxes, pensions, accountancy fees, equipment maintenance.

Don’t taken too much too soon and stick to your word. If you say you’re going to be someplace at 8:00 be there at 8:00. A bad reputation will travel a lot faster than a good one. Plus word of mouth is the best advertising you can get and it’s free.

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By *eralt80Man
4 weeks ago

cork

Oh and I forgot to add and this is very important you have to make time for yourself too. Stress and over-working are not worth it in the long run

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By *enusalMan
4 weeks ago

tipperary Limerick London,Germany

Short answer. No. Check rates.

Factor bad debts

Factor slow late payments.

Loads of other costs too. Should be able to work them out . If not don't go any futher.

What is u plans for tractor?

U need implements unless u going to hire tractor in and u to a business.

It's a hungry capital business with low returns and long hours

Easier ways to make money!

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By *1cky300Man
4 weeks ago

letterkenny

"I'm from farming background, have no savings, have a fuck load of debt, but want to give myself more misery and pain for a slight glimpse of calling the shots and working for myself, anyone have any experience just trying to get a 50k loan and getting a tractor?...tractor prices start at 1000e per horse at the minute ...so 50k would only buy you someone else's trouble...get a hgv licence....our company can't get drivers, another rival hired a guy who hit his truck 5 times in a month....minimum 1000e a week home with you, 24 days holidays, paid t an avof your salary...take a week off....1000e...give you a chance to save a bit of money...new truck, pick your route, Ireland, England, or Europe...."

I don't agree with your outlook on buying a tractor

I have 5 very good tractors ranging from years 04 to 13

And all very reliable and none would be the 50k mark

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By *ot really famousMan
4 weeks ago

monaghan

"I'm from farming background, have no savings, have a fuck load of debt, but want to give myself more misery and pain for a slight glimpse of calling the shots and working for myself, anyone have any experience just trying to get a 50k loan and getting a tractor?...tractor prices start at 1000e per horse at the minute ...so 50k would only buy you someone else's trouble...get a hgv licence....our company can't get drivers, another rival hired a guy who hit his truck 5 times in a month....minimum 1000e a week home with you, 24 days holidays, paid t an avof your salary...take a week off....1000e...give you a chance to save a bit of money...new truck, pick your route, Ireland, England, or Europe....

I don't agree with your outlook on buying a tractor

I have 5 very good tractors ranging from years 04 to 13

And all very reliable and none would be the 50k mark"
...would they be suitable for contract work?

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By *r tayt2Man
4 weeks ago

Trim

You would be better off on crack cocaine and working for yourself first get a tattoo across your forehead

With Ballox on it so you will see it every day 😁

Keep to hell away from tractors

Has anyone seen a Millionaire who made money in agri contracting

You buy Ur tractor payments

Fuel insurance etc you pay

You do the work

You mite get paid by some

But then you have

No money untill subsidy payment 6 8 12 month wait then can't give it all

Yet you still paying for fuel and all the other shit plus tax

It's a shit show

And any larger contractors have a few hundred cows bankrolling them or another business

But good luck

My advice work for someone else

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By *atr247Man
4 weeks ago

around

Without any money to start with you will struggle with cash flow

Realistically 80%of your customers will pay you when the grants come out in either October or December assuming they all pay you

Even going for a 50k tractor you’ll still need the bailer and mower and tanker. Etc your not far off 150k there You then have to fight to get business from your competitor how do you do that do it cheaper than competition and the one that moves for the price isn’t a loyal customer and will move again when another lad starts his dream - I work for myself in machinery - different type but it’s 24 hours a day cos when your not working your organising parts or bits for next day only way I’d see it working is if there was a local lad considering retiring and you take over his plant and customers best of luck if you do take the plung

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By *urfdudeMan
4 weeks ago

WEXFORD

Are you sure you are in the right place ?

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By *iktikiCouple
3 weeks ago

cork

Think you’ll need more than a tractor🤔 don’t you need things to pull with it?

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By *otownkid1967Man
3 weeks ago

Portlaoise

Having been self employed for most of my life...my only advice is to wait till you have some capital behind you. Even then you are going to struggle. Big contractors will make it very difficult for you as they can cut their margins to suit. Then you have the issue of getting paid. Farmers are notoriously slow in paying, some will even knock you.

Best of luck to you OP

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By *cooby5555Man
3 weeks ago

galway

Is it difficult to get a job when you have just passed your test though

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By *urfdudeMan
3 weeks ago

WEXFORD

Working capital is key, you need your own money, not borrowed money. Build up your pot before you take the plunge, work for someone in the industry to learn the ropes. Trying to get farmers to pay you on time or at all will be a big problem too. They could put you out of business.

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By *igdave.rgbyMan
3 weeks ago

monaghan

You really want to work for farmers?????????

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By *ionycusMan
3 weeks ago

Babylon

Tractor porn..

We must be in Offaly

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By *ot really famousMan
3 weeks ago

monaghan

"Is it difficult to get a job when you have just passed your test though"
...big companies will take anyone atm...just have your cpc's up to date

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