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A tough story and a sign of things to come
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<blockquote data-quote="js1234" data-source="post: 1335148" data-attributes="member: 17596"><p>At the very top of the market, a group of large purebred guys and investor types flew my dad and few others, some of whom are good sized operators who some on here know or have heard of, to a meeting wanting them to put up a bunch of money and take equity stakes in a 50,000 head feedlot they wanted to build in Northern Nebraska along with making inventory guarantees.</p><p>I was not at the 2 day presentation but my dad tells me these banker and purebred types were dumbfounded when he and his fellow "ignorant ranchers" passed to a man. Their logic was; "Hey, you guys run lots of yearlings and feed lots of cattle or own feed yards already, why wouldn't you want to put up money and commit inventory to us, we will use the latest ideas and innovations and do it even better than these yards that have been staying in business for decades doing the same boring stuff".</p><p>Funny thing about real life, at the top of the market, profit is not near as bulletproof as many think and when things get tough, there is waaaaay more opportunity than many of the chicken littles who love to pronounce the cattle business dead can comprehend.</p><p>In my little story, I'm not sure who did or didn't have earrings.</p></blockquote><p></p>
[QUOTE="js1234, post: 1335148, member: 17596"] At the very top of the market, a group of large purebred guys and investor types flew my dad and few others, some of whom are good sized operators who some on here know or have heard of, to a meeting wanting them to put up a bunch of money and take equity stakes in a 50,000 head feedlot they wanted to build in Northern Nebraska along with making inventory guarantees. I was not at the 2 day presentation but my dad tells me these banker and purebred types were dumbfounded when he and his fellow "ignorant ranchers" passed to a man. Their logic was; "Hey, you guys run lots of yearlings and feed lots of cattle or own feed yards already, why wouldn't you want to put up money and commit inventory to us, we will use the latest ideas and innovations and do it even better than these yards that have been staying in business for decades doing the same boring stuff". Funny thing about real life, at the top of the market, profit is not near as bulletproof as many think and when things get tough, there is waaaaay more opportunity than many of the chicken littles who love to pronounce the cattle business dead can comprehend. In my little story, I'm not sure who did or didn't have earrings. [/QUOTE]
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A tough story and a sign of things to come
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