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Beginners Board
How in the world can you make money in this market?
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<blockquote data-quote="Stocker Steve" data-source="post: 617174" data-attributes="member: 1715"><p>*** You have to have very cheap forage or be a consistently good trader ***</p><p></p><p>Three years ago you could buy land and N here, stock heavy, and cash flow a seasonal operation. Not today. Maybe the price will drop some the next couple years...</p><p>Last year you could buy bred cows and make money selling split pairs. Not sure about this year, but I have a put together herd that is burning through the hay this winter. :cboy:</p><p>Direct marketing is always great. The question is are you good enough at it to sell more than a couple head per year??? Buy low / sell high / turn is a more flexible approach.</p><p>Ranch Management Consultants (RMC) has a "Filthy Rich and Dirt Poor" webinar at 6 PM PST on 1/13. I assume they will tell us that we should rent land rather than buy it. Crop farming has already gone that way in some areas - - investors and widows own the land and someone with big equipment works it.</p><p></p><p>*** You have to have very cheap forage or be a consistently good trader ***</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 617174, member: 1715"] *** You have to have very cheap forage or be a consistently good trader *** Three years ago you could buy land and N here, stock heavy, and cash flow a seasonal operation. Not today. Maybe the price will drop some the next couple years... Last year you could buy bred cows and make money selling split pairs. Not sure about this year, but I have a put together herd that is burning through the hay this winter. :cboy: Direct marketing is always great. The question is are you good enough at it to sell more than a couple head per year??? Buy low / sell high / turn is a more flexible approach. Ranch Management Consultants (RMC) has a "Filthy Rich and Dirt Poor" webinar at 6 PM PST on 1/13. I assume they will tell us that we should rent land rather than buy it. Crop farming has already gone that way in some areas - - investors and widows own the land and someone with big equipment works it. *** You have to have very cheap forage or be a consistently good trader *** [/QUOTE]
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How in the world can you make money in this market?
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