If this has been discussed before please give me the link. I tried doing a search and came up empty.
A man who works with my husband approached him about buying some cattle and keeping them at our place or buying some cattle together. Has anyone ever done this? What type of contract/agreement needs to be in place? Is this just a mess waiting to happen?
This man thought that if he purchased the cattle when we sold the calves in the fall we could split the money.
My problem with this is that feeder prices vary, calves die, cows die, costs of input vary, the list goes on and on.
I don't want to take advantage of someone who knows nothing about cattle but I don't want to do all the work, pay for someone elses cattle and still end up in the hole at the end of the day.
Has anyone successfully either co-owned cattle or boarded other's cattle?
We run registered cattle and prospective cattle are the same breed and also registered.
Thanks for any responses.
A man who works with my husband approached him about buying some cattle and keeping them at our place or buying some cattle together. Has anyone ever done this? What type of contract/agreement needs to be in place? Is this just a mess waiting to happen?
This man thought that if he purchased the cattle when we sold the calves in the fall we could split the money.
My problem with this is that feeder prices vary, calves die, cows die, costs of input vary, the list goes on and on.
I don't want to take advantage of someone who knows nothing about cattle but I don't want to do all the work, pay for someone elses cattle and still end up in the hole at the end of the day.
Has anyone successfully either co-owned cattle or boarded other's cattle?
We run registered cattle and prospective cattle are the same breed and also registered.
Thanks for any responses.