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<blockquote data-quote="farmerjan" data-source="post: 1398153" data-attributes="member: 25884"><p>Sounds like you are smart and lucky especially with the 401K. Since it is in a plan making money, can you borrow against it? Use it for collateral? That way it is still invested and making you the money you say you were lucky to hit....borrow at a lower rate usually. Buy another 30 or so cows, hold your calves a little longer to utilize the farm, on a lease, watch the markets and when it looks a little better, be able to sell some quickly to take advantage of the situation. </p><p> That's what we have done/are doing. Have sold some heifers that were mediocre, at prices that were up about $.15-25 a lb more than in dec. Have some more and I hope they will be going by early march regardless of their size, as I think that once alot of these guys get set with grass cattle, the prices will fall. And with the amount of leftover hay around here, they are buying early and feeding for a month or 6 weeks at a not very high price. We will have another 75 or more to wean early summer when we preg check the fall calving groups and get them separated so the cows will get a rest and put a little more condition on. </p><p>It has taken us nearly 20 years to get to this place; once we bought 40 breds and doubled our size, kept our better heifers and added. Then maybe 4 years ago we bought about 50 from our friend that had cancer. They were old, and we got them for about lb price but at that time it was about 1.00 lb. Still half were bred with big calves he just sold off and the other half had small calves on them. We have kept some heifers out of them, but the calf sales have paid for the cows and the last of the cows will be leaving this next month. It was a cash flow deal more than a make money, and it really helped out his widow and it helped pay the rent on his farm that we lease. It served it's purpose.</p><p>All that said, both my son and I work off the farm jobs too.</p></blockquote><p></p>
[QUOTE="farmerjan, post: 1398153, member: 25884"] Sounds like you are smart and lucky especially with the 401K. Since it is in a plan making money, can you borrow against it? Use it for collateral? That way it is still invested and making you the money you say you were lucky to hit....borrow at a lower rate usually. Buy another 30 or so cows, hold your calves a little longer to utilize the farm, on a lease, watch the markets and when it looks a little better, be able to sell some quickly to take advantage of the situation. That's what we have done/are doing. Have sold some heifers that were mediocre, at prices that were up about $.15-25 a lb more than in dec. Have some more and I hope they will be going by early march regardless of their size, as I think that once alot of these guys get set with grass cattle, the prices will fall. And with the amount of leftover hay around here, they are buying early and feeding for a month or 6 weeks at a not very high price. We will have another 75 or more to wean early summer when we preg check the fall calving groups and get them separated so the cows will get a rest and put a little more condition on. It has taken us nearly 20 years to get to this place; once we bought 40 breds and doubled our size, kept our better heifers and added. Then maybe 4 years ago we bought about 50 from our friend that had cancer. They were old, and we got them for about lb price but at that time it was about 1.00 lb. Still half were bred with big calves he just sold off and the other half had small calves on them. We have kept some heifers out of them, but the calf sales have paid for the cows and the last of the cows will be leaving this next month. It was a cash flow deal more than a make money, and it really helped out his widow and it helped pay the rent on his farm that we lease. It served it's purpose. All that said, both my son and I work off the farm jobs too. [/QUOTE]
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