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Can i make any money farming cows in South Australia
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<blockquote data-quote="SouthOz" data-source="post: 131692" data-attributes="member: 2514"><p>Hi Wannabe,</p><p></p><p>I see your problem exactly - and was sort of in the same boat around 15 years ago. How to do it is very simple - just make enough money outside of farming so that you can get back into farming. Depressing isnt it. </p><p></p><p>Around here (and I suspect lots of places) there are two main groups farming - those who inherited large viable tracts of land and those who purchased land with money earned other than from farming. </p><p></p><p>There are very few these days that seem to be able to start from scratch on the land and build up purely from farming income. Not saying it cant be done - just that it sure looks a bit difficult for the average kind of guy (to me anyway). </p><p></p><p>Another sort of consideration I had to get up to speed on was the tax and accounting angles. And this factor sometimes had a larger bearing on success or failure than any farming decision (what type of cattle for example).</p><p></p><p>There are smarter people than me on this board - and I know there have been some threads adressing your problem in the past - and my advice would be to read and search and ask as much as you can. Im actually posting a question of my own on an issue that Id like to hear a few different opinions on. </p><p></p><p>Best of luck with it all Wannabe and Im sure that if you keep at it you'll get there. Regards Southoz</p></blockquote><p></p>
[QUOTE="SouthOz, post: 131692, member: 2514"] Hi Wannabe, I see your problem exactly - and was sort of in the same boat around 15 years ago. How to do it is very simple - just make enough money outside of farming so that you can get back into farming. Depressing isnt it. Around here (and I suspect lots of places) there are two main groups farming - those who inherited large viable tracts of land and those who purchased land with money earned other than from farming. There are very few these days that seem to be able to start from scratch on the land and build up purely from farming income. Not saying it cant be done - just that it sure looks a bit difficult for the average kind of guy (to me anyway). Another sort of consideration I had to get up to speed on was the tax and accounting angles. And this factor sometimes had a larger bearing on success or failure than any farming decision (what type of cattle for example). There are smarter people than me on this board - and I know there have been some threads adressing your problem in the past - and my advice would be to read and search and ask as much as you can. Im actually posting a question of my own on an issue that Id like to hear a few different opinions on. Best of luck with it all Wannabe and Im sure that if you keep at it you'll get there. Regards Southoz [/QUOTE]
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