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<blockquote data-quote="Stocker Steve" data-source="post: 1398261" data-attributes="member: 1715"><p>Buying cows may reduce your income due to interest and principal payments. So, you need to set an income goal first, and then have some one help you do stock flow and cash flow plans. I am not sure that 100 pairs is even close to a living. You need your own numbers. A bank would be happy to talk to you if the numbers look good.</p><p></p><p>I have seen a few folks quit their day job and go full time on cattle. Most get things paid off first -- and then either send the wife to town for benefits or sell higher value (breeding or grass fed or back grounded) stock. I am working on higher value.</p><p></p><p>Look at the graphs in Harlan' article in the last issue of Beef magazine. The guy used as an example has 250 cows and is breaking even... :help: Next month his operation gets a make over.</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 1398261, member: 1715"] Buying cows may reduce your income due to interest and principal payments. So, you need to set an income goal first, and then have some one help you do stock flow and cash flow plans. I am not sure that 100 pairs is even close to a living. You need your own numbers. A bank would be happy to talk to you if the numbers look good. I have seen a few folks quit their day job and go full time on cattle. Most get things paid off first -- and then either send the wife to town for benefits or sell higher value (breeding or grass fed or back grounded) stock. I am working on higher value. Look at the graphs in Harlan' article in the last issue of Beef magazine. The guy used as an example has 250 cows and is breaking even... :help: Next month his operation gets a make over. [/QUOTE]
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