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Non-Cattle Specific Topics
Coffee Shop
Don’t tell people what you know, KEEP THEM POOR!
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<blockquote data-quote="Lucky" data-source="post: 1563529" data-attributes="member: 32659"><p>I've got a good friend that runs I'd say 75 cows as hobby. A couple years ago he started buying hay equipment and I told him he could buy hay way cheaper. He ended up with a couple $100,000 tractors and all new hay equipment. This past summer he bought a cab tractor to rake with!! I was ribbing him about pulling up to his hay field in his $75,000 dually to rake hay in his new $50,000 tractor and he just said "why make the money if you can't enjoy spending it". This is a man who came from nothing and spent who knows how many hours on an open top tractor as a young man. Is his hay business profitable? I'd say no, is it making him happy? I think 10 times more than seeing that money sitting in the bank. He's not super rich and still goes to work everyday. People have their own reasons for spending money. </p><p></p><p> Another local man spent I'd guess at least 250k on hay fields and irrigation equipment several years back. He was the talk of the town and everyone called him a fool. He told me he hoped for a 5 yr payback. Several years later he bought a self propelled hay cutter and put it a new pivot. I ask him if he thought the hay deal was a good investment and he said it paid off in full in 2.5 yrs. He told me last week he hoped to put in another pivot this summer and if he wasn't so attached to the cows he'd turn the ranch into a hay farm. </p><p></p><p> Some people dream big, some small, and some not at all I guess. You gotta look to the future in the cattle business for sure because nothing happens quick.</p></blockquote><p></p>
[QUOTE="Lucky, post: 1563529, member: 32659"] I’ve got a good friend that runs I’d say 75 cows as hobby. A couple years ago he started buying hay equipment and I told him he could buy hay way cheaper. He ended up with a couple $100,000 tractors and all new hay equipment. This past summer he bought a cab tractor to rake with!! I was ribbing him about pulling up to his hay field in his $75,000 dually to rake hay in his new $50,000 tractor and he just said “why make the money if you can’t enjoy spending it”. This is a man who came from nothing and spent who knows how many hours on an open top tractor as a young man. Is his hay business profitable? I’d say no, is it making him happy? I think 10 times more than seeing that money sitting in the bank. He’s not super rich and still goes to work everyday. People have their own reasons for spending money. Another local man spent I’d guess at least 250k on hay fields and irrigation equipment several years back. He was the talk of the town and everyone called him a fool. He told me he hoped for a 5 yr payback. Several years later he bought a self propelled hay cutter and put it a new pivot. I ask him if he thought the hay deal was a good investment and he said it paid off in full in 2.5 yrs. He told me last week he hoped to put in another pivot this summer and if he wasn’t so attached to the cows he’d turn the ranch into a hay farm. Some people dream big, some small, and some not at all I guess. You gotta look to the future in the cattle business for sure because nothing happens quick. [/QUOTE]
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Don’t tell people what you know, KEEP THEM POOR!
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