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Extremely Profitable Big Time Operators ?
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<blockquote data-quote="Aaron" data-source="post: 1455869" data-attributes="member: 1682"><p>They are at the mercy of the markets, completely. Calves go to $500 US or less, but hay still at a premium and you could be in for a world of hurt. Also, leases can be broken. Might do really well some years and be close to bankruptcy other years. I know of one guy here that does it with 90 cows, only owns 160 acres. No equipment whatsoever and rents all his equipment from neighbors. He talks a big game, but everyone knows the books tell a different story. His wife admits they barely scrape by and are one bad year from bankruptcy. Things got so bad a year or so ago that she threatened to divorce him if he didn't pull in his reins, which was a real shocker because they are hardcore Mennonites.</p><p></p><p>Of course, you must keep in mind that land is cheap to buy here relative to other places. Was at a tax sale for next door township last week to see what tender amount a 165 acre parcel would go for. I had thought about putting a tender in for 10k (minimum bid was $7800) but that someone would probably pay closer to assessed value of 18k. It is a few miles down the road and would have been only good to me for hunters to rent. Low and behold the high bid was 36k, which really surprised everyone in the room, even the clerk reading out the tenders. There were 15 tenders and 3/4 of the bids were under 25k.</p></blockquote><p></p>
[QUOTE="Aaron, post: 1455869, member: 1682"] They are at the mercy of the markets, completely. Calves go to $500 US or less, but hay still at a premium and you could be in for a world of hurt. Also, leases can be broken. Might do really well some years and be close to bankruptcy other years. I know of one guy here that does it with 90 cows, only owns 160 acres. No equipment whatsoever and rents all his equipment from neighbors. He talks a big game, but everyone knows the books tell a different story. His wife admits they barely scrape by and are one bad year from bankruptcy. Things got so bad a year or so ago that she threatened to divorce him if he didn't pull in his reins, which was a real shocker because they are hardcore Mennonites. Of course, you must keep in mind that land is cheap to buy here relative to other places. Was at a tax sale for next door township last week to see what tender amount a 165 acre parcel would go for. I had thought about putting a tender in for 10k (minimum bid was $7800) but that someone would probably pay closer to assessed value of 18k. It is a few miles down the road and would have been only good to me for hunters to rent. Low and behold the high bid was 36k, which really surprised everyone in the room, even the clerk reading out the tenders. There were 15 tenders and 3/4 of the bids were under 25k. [/QUOTE]
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