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How in the world can you make money in this market?
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<blockquote data-quote="Limomike" data-source="post: 616218" data-attributes="member: 3400"><p>Good thread going here...</p><p> It can be done. My sister and her husband bought 100 acres 7 years ago, and bought some "heavies" along witha few that were given to them. They have paid for all their cattle now, and even have made their land payment. (100 acres did not cost them 3k, but only $300 per acre) The land wasnt that great, but had a pond on it, and they have cleared many many trees from it. They try hard to keep everything low cost as I do also with my operation. I do NOT fertilize my pastures.. never have, never will. You also have to know what capacity your land will carry. Do not overstock, and as CB says, never can have too much hay. Keep your vet costs as low as possible, and try to do everything you can on your own. (vaccinations, doctoring, etc) And keep all the "extra" costs down to a minimum or none at all. You dont need expensive tractors or new dually trucks. I bought a really great older (1997 Chevy) diesel dually 1 ton for 4K several years ago, and it is still doing the job for the big loads. Buy only used good tractors, there are plenty of old ones out there that are in great shape. Cows are pretty basic animals, and only need basic things. I know alot of folks on this board might not agree with me, but I only vaccinate my cattle twice in their life-time. Once at weaning, and then once again for a follow-up; and my herd is very healthy. </p><p>Now, can I make a living off of my cattle operation? NO. I have had to have a main job while working my cattle. </p><p>Can I retire and live off of my cattle profits? I doubt it, unless I increased my herd size. (which I am slowly doing)</p></blockquote><p></p>
[QUOTE="Limomike, post: 616218, member: 3400"] Good thread going here... It can be done. My sister and her husband bought 100 acres 7 years ago, and bought some "heavies" along witha few that were given to them. They have paid for all their cattle now, and even have made their land payment. (100 acres did not cost them 3k, but only $300 per acre) The land wasnt that great, but had a pond on it, and they have cleared many many trees from it. They try hard to keep everything low cost as I do also with my operation. I do NOT fertilize my pastures.. never have, never will. You also have to know what capacity your land will carry. Do not overstock, and as CB says, never can have too much hay. Keep your vet costs as low as possible, and try to do everything you can on your own. (vaccinations, doctoring, etc) And keep all the "extra" costs down to a minimum or none at all. You dont need expensive tractors or new dually trucks. I bought a really great older (1997 Chevy) diesel dually 1 ton for 4K several years ago, and it is still doing the job for the big loads. Buy only used good tractors, there are plenty of old ones out there that are in great shape. Cows are pretty basic animals, and only need basic things. I know alot of folks on this board might not agree with me, but I only vaccinate my cattle twice in their life-time. Once at weaning, and then once again for a follow-up; and my herd is very healthy. Now, can I make a living off of my cattle operation? NO. I have had to have a main job while working my cattle. Can I retire and live off of my cattle profits? I doubt it, unless I increased my herd size. (which I am slowly doing) [/QUOTE]
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