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<blockquote data-quote="Clodhopper" data-source="post: 1424546" data-attributes="member: 24993"><p>Nice Josey Wales quote!</p><p></p><p>Anything in agriculture will make you rich, if you have enough time. Farming, cattle, etc. builds wealth, not always cash.</p><p>An old man in my area who owns a couple thousand acres and probably 300 head of cows said cattle are like a savings account. They make you a little interest (cash) along, the way, but if you keep growing the herd, you turn around and thirty years later you have a half million dollars out there eating grass.</p><p></p><p>When I bought my home farm, Dad said it was too high, but to go for it if I could stand to break even for twenty years. I bought it, and my only mistake was not buying everything I could get a loan for from the time I was 18 to 30. No, I wouldn't make a living off it for a number of years, but you turn around and in twenty short years you're set! We all need cash, but I'll take those long term (land) and intermediate term (cattle) assets any day over short term (cash).</p></blockquote><p></p>
[QUOTE="Clodhopper, post: 1424546, member: 24993"] Nice Josey Wales quote! Anything in agriculture will make you rich, if you have enough time. Farming, cattle, etc. builds wealth, not always cash. An old man in my area who owns a couple thousand acres and probably 300 head of cows said cattle are like a savings account. They make you a little interest (cash) along, the way, but if you keep growing the herd, you turn around and thirty years later you have a half million dollars out there eating grass. When I bought my home farm, Dad said it was too high, but to go for it if I could stand to break even for twenty years. I bought it, and my only mistake was not buying everything I could get a loan for from the time I was 18 to 30. No, I wouldn't make a living off it for a number of years, but you turn around and in twenty short years you're set! We all need cash, but I'll take those long term (land) and intermediate term (cattle) assets any day over short term (cash). [/QUOTE]
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