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<blockquote data-quote="BSKDixie" data-source="post: 743928" data-attributes="member: 13953"><p>First off, not to sound like a farm credit officer, but there should've been some foresight into capital improvements in the way of working facilities and equipment before the cattle ad been acquired. That being said, I'd say your first step should be evaluating your need for each item you listed, and how important it is to your operation, and if its purchase will be a good investment. One of the largest problems facing cattlemen and farmers in this day and age is they treat agriculture like a hobby, and then complain that no profit can be made in an operation. Another tip I would suggest is looking even harder at prices, does a calf garner any more profit if you take it to the salebarn in a 1,000 dollar trailer than if you take one in 10,000 dollar trailer with more bells and whistles?</p><p>I would say evaluate the importance of each item and how immediately necessary each is? Working pens and squeeze chute? Probably more important than a tractor unless you are pretty good with a rope. Also that being said, don't feel the need to buy a piece of equipment just because another cattleman uses it also, a tractor especially only depreciates in value the second you buy it, and to be honest I've seen guys that run close to 1,000 head get by without a tractor and be in great shape, a tractor is only worth the investment if you can justify it paying for itself in a certain amount of time, if you're going to be using it to do work that a shovel and good truck could do, youre really just losing money. Evaluate the purchases relevance to your operation, and how absolutely necessary it is.</p><p></p><p></p><p>Id say your biggest step here is just sitting down and essentially writing a business plan, your goals and where you hope your operation grows to, then develop a budget, its easy to say you need all this equipment, but when it comes down to it how necessary is all of it, and how quickly is it necessary?</p><p></p><p>If you could provide a little more information about your goals and what your plans for your operation are it would be a little bit easier to help you out</p></blockquote><p></p>
[QUOTE="BSKDixie, post: 743928, member: 13953"] First off, not to sound like a farm credit officer, but there should've been some foresight into capital improvements in the way of working facilities and equipment before the cattle ad been acquired. That being said, I'd say your first step should be evaluating your need for each item you listed, and how important it is to your operation, and if its purchase will be a good investment. One of the largest problems facing cattlemen and farmers in this day and age is they treat agriculture like a hobby, and then complain that no profit can be made in an operation. Another tip I would suggest is looking even harder at prices, does a calf garner any more profit if you take it to the salebarn in a 1,000 dollar trailer than if you take one in 10,000 dollar trailer with more bells and whistles? I would say evaluate the importance of each item and how immediately necessary each is? Working pens and squeeze chute? Probably more important than a tractor unless you are pretty good with a rope. Also that being said, don't feel the need to buy a piece of equipment just because another cattleman uses it also, a tractor especially only depreciates in value the second you buy it, and to be honest I've seen guys that run close to 1,000 head get by without a tractor and be in great shape, a tractor is only worth the investment if you can justify it paying for itself in a certain amount of time, if you're going to be using it to do work that a shovel and good truck could do, youre really just losing money. Evaluate the purchases relevance to your operation, and how absolutely necessary it is. Id say your biggest step here is just sitting down and essentially writing a business plan, your goals and where you hope your operation grows to, then develop a budget, its easy to say you need all this equipment, but when it comes down to it how necessary is all of it, and how quickly is it necessary? If you could provide a little more information about your goals and what your plans for your operation are it would be a little bit easier to help you out [/QUOTE]
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