A farm owner needs to invest a million pounds in new technology, machinery and upgrades to his barns and outbuildings in order to improve efficiency, competitiveness and long term sustainability. The farm consists of 235 acres adjacent to a market town. Taking out a loan would result in a mortgage charge over the whole of the farm assets, including the farm house, a building which his great, great grandfather built and where he and his father and indeed his own children were born. Repayments and interest charges would make the farmer vulnerable and hostage to uncertainty during lean times, standing still and doing nothing is not a real option since the farm had become unviable and was losing money.
Selling the farm appears to be the only answer, but it’s been in the family for 5 generations. Letting go seems like failure and defeat to the farmer. He needs help and doesn’t know who to turn to. This is a perfect time to call Success.
As part of the farms real estate there is a small parcel of 4 acres of rough ground that has never been particularly productive and this parcel runs up to the boundary of the town. It lies adjacent to the main road and has a wide access gate that’s always been used to bring equipment and vehicles onto and off of the farm, it has also served as a sort of scrap yard where rusting old machinery has been stored.
What can success do to assist this farmer?
Making a case for residential development with the local planning authority, producing a suitable scheme, handling a complete viability study and entering into a collaboration agreement with the right house builder to arrange for a significant joint-venture residential development build, is the considered an intellectual response. This plan releases a sum to the farmer which is greater than the initial million pound loan identified as being required for the farmers business plan, with cash to spare for a rainy day. The farmer no longer needs a loan at all, his assets remain unencumbered, the farm is modernised and he hasn’t faced a single fee or cost for the scheme or development. The scheme also provides much needed affordable housing to a community in desperate need of growth and renewed prosperity, all of this in exchange for a small unused and otherwise “worthless” parcel of land which won’t be missed by the farmer. Success!
