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<blockquote data-quote="SRBeef" data-source="post: 572147" data-attributes="member: 7509"><p>I think we really get into trouble when we "take what the market gives you" That could mean taking a loss on each head sold. </p><p></p><p>Reminds me of the old joke about asking a farmer what he would do if he won the lottery? His answer: "I'd farm till it was all gone"</p><p></p><p>on the 320 acres...I think we need to decide if we are going to farm/ranch as a hobby or as a business. There's nothing wrong with doing it as a hobby as long as you do it intentionally and have enough cash to keep going.</p><p></p><p>For most of us it needs to be a business which means income must at least cover expenses or pretty soon we aren't going to be able to do it any more.</p><p></p><p>320 acres is enough in many areas to do a little of both. If you like doing cow/calf do that - but why not keep the option of feeding them as stockers too if the market does not give you a reasonable (= covers your expenses) price for the calves. Keep some flexibility so you have an alternative to just "taking what the market will give you". jmho.</p><p></p><p>By the way there is a very interesting discussion of the cattle market potential here:</p><p></p><p><a href="http://www.iptv.org/mtom/market_plus.cfm?showNumber=3351" target="_blank">http://www.iptv.org/mtom/market_plus.cfm?showNumber=3351</a></p><p></p><p>You can read the transcript or click on "listen now". I really enjoy Walt Hackney's comments on cattle. You can also go back to the market analysis page if you want to hear more although that was mostly on grains this week.</p></blockquote><p></p>
[QUOTE="SRBeef, post: 572147, member: 7509"] I think we really get into trouble when we "take what the market gives you" That could mean taking a loss on each head sold. Reminds me of the old joke about asking a farmer what he would do if he won the lottery? His answer: "I'd farm till it was all gone" on the 320 acres...I think we need to decide if we are going to farm/ranch as a hobby or as a business. There's nothing wrong with doing it as a hobby as long as you do it intentionally and have enough cash to keep going. For most of us it needs to be a business which means income must at least cover expenses or pretty soon we aren't going to be able to do it any more. 320 acres is enough in many areas to do a little of both. If you like doing cow/calf do that - but why not keep the option of feeding them as stockers too if the market does not give you a reasonable (= covers your expenses) price for the calves. Keep some flexibility so you have an alternative to just "taking what the market will give you". jmho. By the way there is a very interesting discussion of the cattle market potential here: [url]http://www.iptv.org/mtom/market_plus.cfm?showNumber=3351[/url] You can read the transcript or click on "listen now". I really enjoy Walt Hackney's comments on cattle. You can also go back to the market analysis page if you want to hear more although that was mostly on grains this week. [/QUOTE]
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