IluvABbeef wrote:Anybody started with a loan for starting up in cattle? I'd like to know of those who haven't too...
J&D Cattle wrote:Buddy and I paid cash for 8 heifers in 2007 but soon wanted to expand. We are now up to 24 head of mommas and own a bull. We worked with a local community bank to secure a line of credit. Started expanding in 2009 with the purchase of another 7 heifers. Everything should be paid off by the end of 2013. We've also bought a couple of trailers, many pieces of livestock handling equipment, and lots of miscellaneous items that will also be free and clear. Starting with heifers definitely wasn't the way to quick money but it allowed us to buy the number of head our places would run at a cheaper cost than buying bred cows or pairs.
If cow/calf was my goal and I had it to do over again I would start with some older bred cows and turn them until I had some money saved up to afford a younger set.
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