I'm new here, 1st post, we are expanding our cattle business. We have 18 registered Simmental's nothing "prestigious" or "expensive" but we have talked about buying some high end blood lines. My Father asked me a question and I really couldn't give an honest answer to it. I know auction prices vary, who's there, how much they have to spend and how bad they want a certain cow. But an example would be: Cow purchased for $5,000 bred with a Bull that cost $20,000. Where would a price point fall for a weened calf (6 months of age, estimated.)
Depending on if we move forward with this and to what extent, we may have to finance some of them. But a lender is going to want to know an estimated gross sales, aka is this financeable, or we going to get our $ back, the bottom line so to speak. I didn't know if you can "gauge" an estimated value based off of the total cost invested in the calf's mother/father or not. Or if their is a way to determine a "ball park" price so to speak. Any help or information to find such answers is greatly appreciated.
Depending on if we move forward with this and to what extent, we may have to finance some of them. But a lender is going to want to know an estimated gross sales, aka is this financeable, or we going to get our $ back, the bottom line so to speak. I didn't know if you can "gauge" an estimated value based off of the total cost invested in the calf's mother/father or not. Or if their is a way to determine a "ball park" price so to speak. Any help or information to find such answers is greatly appreciated.