Wow, I posted this last Friday before I left work and forgot about it. There's definately some good opinions around here. Personally, I haven't kept any replacement cows. I have done so with goats, because I have a registered herd, but mainly, I buy cull cows, either bred or with calves on their side. Most of the culls we've had in the last few years are either cows that aren't the right color, or they are skinny from the drought-like conditions we've experienced. By buying them bred/calf-at-side, I know they can breed, which is all I care about. Some culls are also a little small. My guess is they were kept in the pen with their sire a little too long and were bred by him. To combat this, I use a low birthweight bull. It also helps out since my job may require me to be away for up to a week, and I come home to find a new calf on the ground.