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Cost raising cattle question
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<blockquote data-quote="Brute 23" data-source="post: 436725" data-attributes="member: 6291"><p>That is a very good point.... but investing in land is something that you should be doing as one of the last things to add to your personal portfolio. If you are smart you have pleanty of money in the bank, assets, stocks, ect... already.</p><p></p><p>I work for two gentlemen who are doing exactly what you said. They are buying up land for the investment, to diversify their personal portfolio. </p><p></p><p>They buy raw, most of the time neglected land, under market value (from people who want to get rid of it and get excited when they see cash), and then they put cattle on it and once the cattle pay for themselves the cattle then pay for improvements (barns, tanks, improved grasses) to the land. Thus making the land value go up. </p><p></p><p>Then some person comes from the city who wants a hobby and pays 2x or 3x what we paid for the land or they just keep it. ;-)</p><p></p><p>The problem is most cattle people want to just run cattle and they have to do things like this or that. Cattle can make you money,,, but most likely if you weren't making money at what you were doing before the cattle,,, you won't make it with the cattle.</p></blockquote><p></p>
[QUOTE="Brute 23, post: 436725, member: 6291"] That is a very good point.... but investing in land is something that you should be doing as one of the last things to add to your personal portfolio. If you are smart you have pleanty of money in the bank, assets, stocks, ect... already. I work for two gentlemen who are doing exactly what you said. They are buying up land for the investment, to diversify their personal portfolio. They buy raw, most of the time neglected land, under market value (from people who want to get rid of it and get excited when they see cash), and then they put cattle on it and once the cattle pay for themselves the cattle then pay for improvements (barns, tanks, improved grasses) to the land. Thus making the land value go up. Then some person comes from the city who wants a hobby and pays 2x or 3x what we paid for the land or they just keep it. ;-) The problem is most cattle people want to just run cattle and they have to do things like this or that. Cattle can make you money,,, but most likely if you weren't making money at what you were doing before the cattle,,, you won't make it with the cattle. [/QUOTE]
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