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That is greast advice and the same exact thing applies to the stock market. No one wants to play the market when its down, but everyone wants in when it's up. Everyone buys high with high expectations and when it comes down, they sell out because of fear. Most people invest against logic...

I'll say what I posted earlier in this thread...some people like me do this as a hobby. Making money would be great, but it's more about getting out by myself, working in the sun, working with nature, doing something other than sitting in front of a computer or TV in my spare time, etc. In...

Well let everyone know it works out for me.

I hear people saying that...but I don't see why? If I take out a $25k loan, my payments should be roughly $7500 per year. Cattle prices would have to cut in half for me not to be able to make my loan payments with my cows. Do you really think they are going to come down that much?

Thanks for the post and advice and thank you for giving us your perspective. I suspect my situation is different however. I have a fulltime job. I have no intentions of quitting my job to run cattle. I am using a loan to buy 25 cows in which I'll pay back over 4 years. If all "you know...

great advice, thank you.

Good points. I also wanted to say that I enjoy reading everything on this message board and I certainly am thankful for all the advice here. I guess different people can have different view points of the financing issue depending on their circumstances. I feel that many of the people that...

I'm new to this business and maybe that is why I do not understand most of the posts here stating that borrowing is not the way to go. the only example I have is of a close friend. He borrowed $25,000 4 years ago and bought him 25 cows and a bull. He has paid his loan off 100% with no problem...

farmgirl - what area of houston are you from? I live in katy...just interested. i am guessing somewhere out of town...never heard of any cattle producers in the city of houston!