When figuring cow cost I dont look at just what it cost me to make it, but what i could have sold or rented it for. I have forty acres at my house, I pay fot that pasture with my morgage payments with my town job so its not free but I do put a price on it for what I could rent it out for when looking at cost. Same goes for hay. I put up a lot of little fields that the big boys dont have time for and get most of them for free so I have very little in the hay but still figure it into my cows at what I could have sold it for. I think you have to look at it like this and break it down more because you might be loosing money feeding the hay you could have sold. Looking back I wish I would have started by renting ground and and having other people pay me to run there cows. You know what you have in it at the start and you know what your getting out of it in the end. The only risk is the up front rent payments and your not at the mercy of the markets. Yes this is wisdom from Greg Judys book but it makes sense and has made me the easiest money in cattle with the least risk. Unless we all set down at the same tabel and figured cost the same way we cant really compare cow cost, it might look like comparing apples to apples but these apples are coming from different trees with different management. Wouldnt it be cool for everyone to meet at the same tabel from this forum someday? I would just like to put a face on everyone and see everyones cattle in person! By the way I figure around the $.80 mark per day per cow, thats worming, vacs, bull power, hay for 90days, pasture rent and pulling the calf at weaning and shipping him.