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Do your steers make the cut?
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<blockquote data-quote="CattleMan1920" data-source="post: 1555996" data-attributes="member: 37967"><p>I guess for now I'm a multiplier of the Angus breed. I'm making the most profit I can off the least land, and so far it's working. I may lease or buy more land soon so I can get the steers and heifers going, not sure. Land here is different from Nebraska and Iowa. Where I am located, everything around me is between $3k-$5k an acre. Picking up 200 acres is roughly $750k to a million. I can raise 75-100 registered Angus cows on there with an average price per animal of a minimum $2500k, assuming that I sell maybe 90 head a year, I might be able to make it work, If I were to go straight commercial, that $1 million dollar farm would become a burden if anything, assuming Farm Credit or a local bank would even lend that amount, unless you pay cash. Now let's move it up to 500 acres, which isn't easy to put together in a contiguous tract, at least not here. Let's assume you have $2.5 million invested in your land, you would have little room for error in a commercial operation. The barriers to entry are extremely high, it's a business that Warren Buffett would approve of. </p><p></p><p>The local banks around here are far more interested in lending on car loans and to buy mobile homes than multi million dollars farms. You either pull the cash out of your derrière of take on partners, or have alternative financing, which most people cannot pull off.</p><p></p><p>I may have go off subject somewhat, but it's so that you can understand where I'm coming from</p></blockquote><p></p>
[QUOTE="CattleMan1920, post: 1555996, member: 37967"] I guess for now I’m a multiplier of the Angus breed. I’m making the most profit I can off the least land, and so far it’s working. I may lease or buy more land soon so I can get the steers and heifers going, not sure. Land here is different from Nebraska and Iowa. Where I am located, everything around me is between $3k-$5k an acre. Picking up 200 acres is roughly $750k to a million. I can raise 75-100 registered Angus cows on there with an average price per animal of a minimum $2500k, assuming that I sell maybe 90 head a year, I might be able to make it work, If I were to go straight commercial, that $1 million dollar farm would become a burden if anything, assuming Farm Credit or a local bank would even lend that amount, unless you pay cash. Now let’s move it up to 500 acres, which isn’t easy to put together in a contiguous tract, at least not here. Let’s assume you have $2.5 million invested in your land, you would have little room for error in a commercial operation. The barriers to entry are extremely high, it’s a business that Warren Buffett would approve of. The local banks around here are far more interested in lending on car loans and to buy mobile homes than multi million dollars farms. You either pull the cash out of your derrière of take on partners, or have alternative financing, which most people cannot pull off. I may have go off subject somewhat, but it’s so that you can understand where I’m coming from [/QUOTE]
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