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can some one tell where to start
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<blockquote data-quote="backhoeboogie" data-source="post: 246350" data-attributes="member: 3162"><p>Paint, I picked up on your pun right off. Springer aint here yet but ya know its coming, and I'm going to chuckle at him. </p><p></p><p>Cattle are a commodity, and traded as such. If this fellow is wanting to get started, he's doing the right thing; asking questions. That is number one in my book, a questioning attitude. When I invest in the stock market, I look pretty hard. </p><p></p><p>If a person can look at cattle as equity, figure out how much to invest, and build up a 20% equity in the herd each year with breeding stock, they are doing pretty good in my book. You also have to consider you are building equity in land and everything else, when applicable. But you are also building equity in land if you just hold it without cattle, under the current cycles. </p><p></p><p>You have to cut your risks. There are things like having water sources to irrigate from which can be life or death in this current drought. Otherwise, it is tough times where I live. Folks are selling out, culling deep, moving herds, and implementing other alternatives. </p><p></p><p>When you sell out you take a profit (hopefully) but there goes the equity you were building too, and you pay taxes on your profits. </p><p></p><p>If a cow can walk through an auction barn, it is worth something. It can be sold. If you are going to sell, there are the right times to do so. Yo don't want to sell an animal when it is on its last leg. You don't want to buy something that is about to be either. There are the right times to buy. Sometimes you just plain get lucky and you find yourself at the right place at the right time. </p><p></p><p>If I were just getting started, I would look at this business much differently now, than I did before. I would look at the markets and look hard. Find out what brings the most nickels, consistently, and plan accordingly. I would look at the cost of producing that commodity, and then decide what risks were involved. You can figure ways to reduce costs and cut losses. </p><p></p><p>When you think about it, resorting to AI is sort of like a business "Outsourcing". </p><p></p><p>The more of any commodity you can produce, the more nickels you can make. It helps to have good markets. </p><p></p><p>Watch out for horse traders in this business, they are everywhere but so are good people who can share a wealth of knowledge. </p><p></p><p>Just like investing in the stock market, things can crash when you don't anticipate it. </p><p></p><p>Personally, you can consider me a hobby boy. I am simply building equity. If I sell out right now and choose something else, I will have made a decent profit. If I had made the right choices each and every time, I would have built more equity. I would make more money this year if I sold out completely and just started selling hay. But next year it could be a wet year and hay rolls may be a dime a dozen. Diversifying into different aspects has its rewards. </p><p></p><p>So if a man is asking, I can only advise him not to make the mistakes I made. Raise or feed out something that will be in demand at the time you are ready to sell. Get your feed sources as cheap as you can, but don't degrade your product. Trade for things. Shop carefully and shop well. Each time you buy a piece of equipment, figure that cost and figure what that equipment can do for you financially. Can you hire out with it to help pay for it? Are you willing to do that? </p><p></p><p>Think business and think profits. </p><p></p><p>I think of my cattle as sort of an IRA, for now. I don't have to make money on them since they are not my mainstay. At the same time, I have to build equity to justify the investment. When I am 80 years old, I'll still be learning and there will be new medications and ailments all along the way.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 246350, member: 3162"] Paint, I picked up on your pun right off. Springer aint here yet but ya know its coming, and I'm going to chuckle at him. Cattle are a commodity, and traded as such. If this fellow is wanting to get started, he's doing the right thing; asking questions. That is number one in my book, a questioning attitude. When I invest in the stock market, I look pretty hard. If a person can look at cattle as equity, figure out how much to invest, and build up a 20% equity in the herd each year with breeding stock, they are doing pretty good in my book. You also have to consider you are building equity in land and everything else, when applicable. But you are also building equity in land if you just hold it without cattle, under the current cycles. You have to cut your risks. There are things like having water sources to irrigate from which can be life or death in this current drought. Otherwise, it is tough times where I live. Folks are selling out, culling deep, moving herds, and implementing other alternatives. When you sell out you take a profit (hopefully) but there goes the equity you were building too, and you pay taxes on your profits. If a cow can walk through an auction barn, it is worth something. It can be sold. If you are going to sell, there are the right times to do so. Yo don't want to sell an animal when it is on its last leg. You don't want to buy something that is about to be either. There are the right times to buy. Sometimes you just plain get lucky and you find yourself at the right place at the right time. If I were just getting started, I would look at this business much differently now, than I did before. I would look at the markets and look hard. Find out what brings the most nickels, consistently, and plan accordingly. I would look at the cost of producing that commodity, and then decide what risks were involved. You can figure ways to reduce costs and cut losses. When you think about it, resorting to AI is sort of like a business "Outsourcing". The more of any commodity you can produce, the more nickels you can make. It helps to have good markets. Watch out for horse traders in this business, they are everywhere but so are good people who can share a wealth of knowledge. Just like investing in the stock market, things can crash when you don't anticipate it. Personally, you can consider me a hobby boy. I am simply building equity. If I sell out right now and choose something else, I will have made a decent profit. If I had made the right choices each and every time, I would have built more equity. I would make more money this year if I sold out completely and just started selling hay. But next year it could be a wet year and hay rolls may be a dime a dozen. Diversifying into different aspects has its rewards. So if a man is asking, I can only advise him not to make the mistakes I made. Raise or feed out something that will be in demand at the time you are ready to sell. Get your feed sources as cheap as you can, but don't degrade your product. Trade for things. Shop carefully and shop well. Each time you buy a piece of equipment, figure that cost and figure what that equipment can do for you financially. Can you hire out with it to help pay for it? Are you willing to do that? Think business and think profits. I think of my cattle as sort of an IRA, for now. I don't have to make money on them since they are not my mainstay. At the same time, I have to build equity to justify the investment. When I am 80 years old, I'll still be learning and there will be new medications and ailments all along the way. [/QUOTE]
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