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<blockquote data-quote="necattle" data-source="post: 1715344" data-attributes="member: 18834"><p>I too had to start and buy cattle out of pocket. I used a local bank originally but now there are loans to help new farmers and ranchers get started. Low inerest rates through the government. </p><p>If you use a bank, and times continue with low cattle prices, be aware that some banks will force you to sell all of your calves to make sure you have monies to pay them back. This leads to not keeping replacement heifers and ultimately having to buy more bred cattle down the road. And guess who will help you finance the next set of bred cows? There is a conflict of interest when it comes to Ranchers and Banks. And when a bank refers to you as their "partner" run for the hills!</p><p>Of cattle I have bought, I see between a 6-8% loss yearly for the first three years. Opens, small calves, disposition, poor milk.......We all have purchased everyone else's problems at some point in time.</p><p>PAY CASH if you can. No bank for loans is the Best Bank. </p><p>Keep replacements and never look back. </p><p>Try AI's some of your best cows so you have fewer bulls to buy. I'm getting 70% on AI but 50% is pretty common. You will get the replacements you want and you may even want to keep a bull calf or two. AI is a lot cheaper but is extra work.</p><p>If you are on a 60 day breeding cycle, consider a 90 day cycle. I do this only to sell all cows not bred up in 60 days but the difference is that you have a few bred late calvers to sell at a higher bred cow price. You've already kept her through the grazing cycle. More and more ranchers are opting for a later calving start times and will want you 61 day and longer breed backs.</p><p>Congratulations on entering the Ranching Business. It is a great lifestyle and also a great way to raise children.</p><p>Gary</p></blockquote><p></p>
[QUOTE="necattle, post: 1715344, member: 18834"] I too had to start and buy cattle out of pocket. I used a local bank originally but now there are loans to help new farmers and ranchers get started. Low inerest rates through the government. If you use a bank, and times continue with low cattle prices, be aware that some banks will force you to sell all of your calves to make sure you have monies to pay them back. This leads to not keeping replacement heifers and ultimately having to buy more bred cattle down the road. And guess who will help you finance the next set of bred cows? There is a conflict of interest when it comes to Ranchers and Banks. And when a bank refers to you as their "partner" run for the hills! Of cattle I have bought, I see between a 6-8% loss yearly for the first three years. Opens, small calves, disposition, poor milk.......We all have purchased everyone else's problems at some point in time. PAY CASH if you can. No bank for loans is the Best Bank. Keep replacements and never look back. Try AI's some of your best cows so you have fewer bulls to buy. I'm getting 70% on AI but 50% is pretty common. You will get the replacements you want and you may even want to keep a bull calf or two. AI is a lot cheaper but is extra work. If you are on a 60 day breeding cycle, consider a 90 day cycle. I do this only to sell all cows not bred up in 60 days but the difference is that you have a few bred late calvers to sell at a higher bred cow price. You've already kept her through the grazing cycle. More and more ranchers are opting for a later calving start times and will want you 61 day and longer breed backs. Congratulations on entering the Ranching Business. It is a great lifestyle and also a great way to raise children. Gary [/QUOTE]
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