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cattle paying for land?
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<blockquote data-quote="snake67" data-source="post: 1009637" data-attributes="member: 17764"><p>Caustic</p><p></p><p>Stop speaking right now. You obviously have never raised a cow in your life. LOL!</p><p></p><p>If the group thinks the cows can pay for it then they MUST be right.</p><p></p><p>Here is what I now tell people:</p><p></p><p>I always say that anyone starting out in cows needs to go slow and put 10,000 bucks in the bank (or pick your number). Then go out and buy cows with it. Leave enough in the bank to cover operating expenses. Put NO outside funding into that account.</p><p></p><p>At the end of the year sell your calves and put the money in the bank.</p><p></p><p>Check the balance.</p><p></p><p>Do this for five years</p><p></p><p>If a the end of five years there is still cash on hand you are making money. If it is an empty account you are not.</p><p></p><p>NEVER add outside money to the account.</p><p></p><p>Pretty plain and simple</p><p></p><p>No matter how good your management is, there is a heck of a pile of luck involved - pricing, weather, feed, repairs, veterinarian, etc</p><p></p><p>Two bad years in a row and all your profits and maybe your principal cash is gone. We had it happen to us - we went right to less than 24 hours to bankruptcy - through no fault of our own. So you need substantial back up cash to stay liquid.</p><p></p><p>And never forget it is cheaper to move cows to feed than to move feed to cows.</p><p></p><p>Most will have an empty account and some will have a few pennies left over - and if they are lucky, they might even have a few cows left over and still standing in the field.</p><p></p><p>No matter what you do tncattle I wish you all the best</p><p></p><p>Have fun my friends</p><p></p><p>Bez</p></blockquote><p></p>
[QUOTE="snake67, post: 1009637, member: 17764"] Caustic Stop speaking right now. You obviously have never raised a cow in your life. LOL! If the group thinks the cows can pay for it then they MUST be right. Here is what I now tell people: I always say that anyone starting out in cows needs to go slow and put 10,000 bucks in the bank (or pick your number). Then go out and buy cows with it. Leave enough in the bank to cover operating expenses. Put NO outside funding into that account. At the end of the year sell your calves and put the money in the bank. Check the balance. Do this for five years If a the end of five years there is still cash on hand you are making money. If it is an empty account you are not. NEVER add outside money to the account. Pretty plain and simple No matter how good your management is, there is a heck of a pile of luck involved - pricing, weather, feed, repairs, veterinarian, etc Two bad years in a row and all your profits and maybe your principal cash is gone. We had it happen to us - we went right to less than 24 hours to bankruptcy - through no fault of our own. So you need substantial back up cash to stay liquid. And never forget it is cheaper to move cows to feed than to move feed to cows. Most will have an empty account and some will have a few pennies left over - and if they are lucky, they might even have a few cows left over and still standing in the field. No matter what you do tncattle I wish you all the best Have fun my friends Bez [/QUOTE]
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