Sometimes I post this, sometimes I don't. Cant remember if I have the last couple of years or not.
Very rudimentary breakdown on my 2020 cow cost
Just counting feed/hay, maintenance, insurance, gas, vet (vaccinations etc.).........Every cow on my place cost $373 to own last year
That number does not include property tax, depreciation, livestock I purchased. If I had included those expenses, the ole herd would show a net loss (I will claim a loss on my taxes)
Didn't include depreciation , because I have made a few purchases simply to make my life easier. We now run 2 hay cutters, and upgraded the hay roller. In my opinion, it was a wise decision. We had a wet year, and more than doubled our efficiency. I "should" be through making equipment purchases for many years to come. Next year I plan to replace some buildings I have lost to tornados, so it will be a loss as well.
Bottom line, and not to discourage anybody, but there just aint no money in cows. Not the way I do it anyway.
Very rudimentary breakdown on my 2020 cow cost
Just counting feed/hay, maintenance, insurance, gas, vet (vaccinations etc.).........Every cow on my place cost $373 to own last year
That number does not include property tax, depreciation, livestock I purchased. If I had included those expenses, the ole herd would show a net loss (I will claim a loss on my taxes)
Didn't include depreciation , because I have made a few purchases simply to make my life easier. We now run 2 hay cutters, and upgraded the hay roller. In my opinion, it was a wise decision. We had a wet year, and more than doubled our efficiency. I "should" be through making equipment purchases for many years to come. Next year I plan to replace some buildings I have lost to tornados, so it will be a loss as well.
Bottom line, and not to discourage anybody, but there just aint no money in cows. Not the way I do it anyway.