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Cattle people/ farmers are getting old.
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<blockquote data-quote="simme" data-source="post: 1741059" data-attributes="member: 40418"><p>There are always exceptions to most everything. But it is not realistic to be able to save a little down payment, purchase land, house, equipment, facilities, cows, quit your day job, work full time on the farm and make it past the first year for a person just starting out. More likely the path is to rent land, have a few cows, work full time for living expenses and slowly accumulate land, cattle and equipment over time. Building equity and wealth for the long term. For a couple, maybe the person with the highest earning potential works a day job and the other tends to the farm. Or have a business with more income potential that is complementary to cattle. Such as land clearing, hauling, skid steer and excavator work, fencing, construction. Something that has income but allows you to share common resources like equipment. </p><p> </p><p>Situations that I personally know of - years of college to become an animal science professor with income and benefits. Work for the university while you build your herd. She and her husband have brahma and simme cattle in Mississippi. Regular articles in cattle magazines about her that you have probably read. Friend of my kids from the junior simmental association. </p><p></p><p>I know of a couple of veterinarians in North Carolina that were able to use their vet practices to move into fairly substantial cattle and farming operations. Point is that in addition to a work ethic and desire, you have to work out the economics to get started. Hardest part probably is getting started. And there is not a 12 step plan in a book or brochure that lists all the steps.</p><p>But there are examples of people who have made it work. Persistence - I have heard that people fail a few times before they have success. Sacrifice and compromise - opportunities might not be located where you want them. Lots of long term family farming operations in some pretty remote areas. Might have to give up the big house for a while. In the beginning, I think breaking even and getting by while also working a full time job would be considered a success for many.</p></blockquote><p></p>
[QUOTE="simme, post: 1741059, member: 40418"] There are always exceptions to most everything. But it is not realistic to be able to save a little down payment, purchase land, house, equipment, facilities, cows, quit your day job, work full time on the farm and make it past the first year for a person just starting out. More likely the path is to rent land, have a few cows, work full time for living expenses and slowly accumulate land, cattle and equipment over time. Building equity and wealth for the long term. For a couple, maybe the person with the highest earning potential works a day job and the other tends to the farm. Or have a business with more income potential that is complementary to cattle. Such as land clearing, hauling, skid steer and excavator work, fencing, construction. Something that has income but allows you to share common resources like equipment. Situations that I personally know of - years of college to become an animal science professor with income and benefits. Work for the university while you build your herd. She and her husband have brahma and simme cattle in Mississippi. Regular articles in cattle magazines about her that you have probably read. Friend of my kids from the junior simmental association. I know of a couple of veterinarians in North Carolina that were able to use their vet practices to move into fairly substantial cattle and farming operations. Point is that in addition to a work ethic and desire, you have to work out the economics to get started. Hardest part probably is getting started. And there is not a 12 step plan in a book or brochure that lists all the steps. But there are examples of people who have made it work. Persistence - I have heard that people fail a few times before they have success. Sacrifice and compromise - opportunities might not be located where you want them. Lots of long term family farming operations in some pretty remote areas. Might have to give up the big house for a while. In the beginning, I think breaking even and getting by while also working a full time job would be considered a success for many. [/QUOTE]
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