trin":259z353h said:
wanting to know if i could make a profit off holstein steers. if i raised them from about 300lbs to about 700lbs in a feedlot set up. i would be buying my feed. if so what would be the best type of feed. does anyone do this and how are you doing. not lot of pasture for them.
trin
I don't know the answer to your question, but have some points to ponder.
Your best profit opportunity will come from maximizing your specific "unfair advantage". Everywhere there are these advantages. The real challlenge is discovering and exploiting these advantages. Some possibilities are: source of underpriced calves, execptionally strong market for heavy yearlings, cheap feed (DDG, corn gluten, soy hulls, bakery waste, distillers mash/grains, etc) that produces lower than normal cost of gain. Your toughest competition will most likely be the large plains feedyards with their extremely effecient, high volume operations. Also there are probably some midwestern backgrounders with their low(est) cost feeds that can do an excellent job with holsteins.
Not trying to throw a wet blanket on you idea, just trying to point out what your competition will be.
I strongly urge you to focus on finding that "unfair advantage". It's out there some where. Most likely it will involve doing something out of the mainstream. Think outside the box and dare to be different. Remember, Bill Gates & Warren Buffett didn't achieve their wealth by doing what their neighbors did. I'm not saying that your neighbors are wrong, just that their unfair advantage could be vastly different from yours.
Some other points to remember:
1. In order to succeed, you must first plan to fail INEXPENSIVELY. Every new venture has a severe learning curve. You must budget for some initial failures.
2. Good judgement comes from experience, experience comes from bad judgement. There is NO shortcut for this process. However, you can reduce the expense of gaining the necessary experience, by learning as much as possible from the experiences(both good & bad)of others.
3. Statistically speaking, success is merely a byproduct of numerous failed attempts. We all have experienced more individual failures than success. Those who ultimately succeeded, learned from their (usually many) failures, & kept trying until they got it right most of the time. A good example is a child learning to walk. We all busted our backside numerous times before we were successful in walking. Same thing happened when we tried to run. Some of us not-so-young folks are having to learn that we can no longer do some of those things we used to do successfully. We must always be prepared to adapt and never ever give up!
Several years ago I figured out how to summarize the process I had used to achieve most of the ?success I have had. I call this Brock's Law and it says " If you do enough stumblin', you will stumble on to something"
I'm sure there are others on this board who will provide good advice.
Hope this rambling has some value as food for thought.
Good luck in all you do and Merry Christmas to all.
Do your home work and stumble on!
Brock
Remember the Reason for the Season