low interest mortgage, and cattle payments and machinery payments. Up until this year truck payments, on an older truck.
They come off the top.
Then we plan the budget
-First fuel
-hay making
-seeding if we are seeding some grain to cover an alfalfa field...if not enough $ the field goes into summer fallow again...realizing only small fields.
-vet expense
-machinery repairs and oil changes, that down to a science, and since hubby does all his repairs unless it involves hydraulic pumps and fuel pumps, which he takes off and takes to a shop to do. Hubby does all his own repairs, welding, fixing. We have even left a not so used tractor when it broke down cause we could not afford to fix it that year. Used another working old tractor in it's place. Fixed the broken tractor the next year.
insurance and taxes
Then if hubby wants to buy a piece of machinery, like say this years purchase was a cattle trailer, we have to have the cash for it or it does not get bought.
Everything is paid in cash, or credit card and paid off...usually
I have an off farm job that pays our living expenses such as they are. We live in a run down mobile home, but it keeps us warm and dry. Our cars are '92 dodge ram truck and '98 rav, both just paid off. Our newest tractor is a 1970 something case. The only peice of machinery that is in the 21 century is our haybine.
We bought our herd at market bred cow prices from the inlaws and from a breeder guy the year before BSE hit in high cattle prices. When we were to sell the first crop, BSE had hit and the market has tanked ever since. We bought all the machinery, equipment the inlaws had at market price, no deals there.
We work within our means as best we can. We do not live rich, we work like mad to stay afloat, and we have diversefied like crazy to keep ahead of the game.
Cows alone can not make it. I will conscede that. An off farm job to live, or diversefy is in order. But what we pay in extra vet expense would not get us much in extra grocieries.
By extra vet, i mean over and above vaccines, deworm, tags, and calving supplies, preg and semen checking.