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considering a change in direction
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<blockquote data-quote="smallrancher" data-source="post: 560626" data-attributes="member: 3780"><p>RR, I like your thoughts about diversification, as I think that is the future of farming. And I like the bee idea, and I would like to learn more about it myself. I don't think there is anything wrong with downsizing to be more profitable, to an extent. HOWEVER, you said when the market rebounds, you would rebuild. Which means you would be buying at a higher price as well, wouldn't you be better off to only cull the least profitable up to a certain number and therefore be in a good position already when the market does rebound? I'm a firm believer that we all know the old rule of "Buy low, Sell high", but 98% of us buy high and sell low, or in the case of what your talking about doing, sell low and buy high. I think the other 2% are the wealthy. I think it is just like real estate, in the U.S.A, for the last 10 years everyone has been getting into the real estate market because it has been good. Now that it is in the toilet, everyone wants out. Just some thoughts, and good luck with your decision.</p></blockquote><p></p>
[QUOTE="smallrancher, post: 560626, member: 3780"] RR, I like your thoughts about diversification, as I think that is the future of farming. And I like the bee idea, and I would like to learn more about it myself. I don't think there is anything wrong with downsizing to be more profitable, to an extent. HOWEVER, you said when the market rebounds, you would rebuild. Which means you would be buying at a higher price as well, wouldn't you be better off to only cull the least profitable up to a certain number and therefore be in a good position already when the market does rebound? I'm a firm believer that we all know the old rule of "Buy low, Sell high", but 98% of us buy high and sell low, or in the case of what your talking about doing, sell low and buy high. I think the other 2% are the wealthy. I think it is just like real estate, in the U.S.A, for the last 10 years everyone has been getting into the real estate market because it has been good. Now that it is in the toilet, everyone wants out. Just some thoughts, and good luck with your decision. [/QUOTE]
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