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How many cows to be full-time Rancher?
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<blockquote data-quote="OklaBrangusBreeder" data-source="post: 176417" data-attributes="member: 2672"><p>To answer the questions:</p><p></p><p>No minerals? </p><p>Well, I buy them some $5 salt blocks when they need it. Otherwise, they do fine with the range cubes and the grass.</p><p></p><p>Water? </p><p>Costs for water? They drink that out of the pond and I don't even charge 'em for it.</p><p></p><p>No worming or other vaccinations? </p><p>I do those on an "as needed" basis, but generally I don't do those much. I've never had any problems on the health of my cows. All my cows seem happy and healthy. (Keep in mind, I've only had cattle about 4 years or so so I still may be in the "beginners luck" stage on that stuff).</p><p></p><p>Taxes?</p><p>You're talking personal property tax? You know, Dad pays those. Not sure what they are, but I don't think they are really that much. I help with some of his chores and some assorted other things during the year, he reciprocates by covering the taxes.</p><p></p><p>Fencing?</p><p>All the land has nice new fences around them that we built when we acquired the land years ago. Haven't had any meaningful fencing costs in many years.</p><p></p><p>Insurance?</p><p>Don't have insurance on anything. I've got an umbrella liability policy that covers everything I own, but nothing more than that. Otherwise, I guess you would say I "self insure" for the most part.</p><p></p><p>What about interest/opportunity cost?</p><p>I don't owe any money on anything, so no interest costs. Opportunity costs? Are you serious, at today's interest rates? Heck, there is no opportunity costs cause the money can't earn squat setting in a bank. Stock market has stunk the last five years. </p><p></p><p></p><p>Any other questions?</p></blockquote><p></p>
[QUOTE="OklaBrangusBreeder, post: 176417, member: 2672"] To answer the questions: No minerals? Well, I buy them some $5 salt blocks when they need it. Otherwise, they do fine with the range cubes and the grass. Water? Costs for water? They drink that out of the pond and I don’t even charge ‘em for it. No worming or other vaccinations? I do those on an "as needed" basis, but generally I don’t do those much. I've never had any problems on the health of my cows. All my cows seem happy and healthy. (Keep in mind, I've only had cattle about 4 years or so so I still may be in the "beginners luck" stage on that stuff). Taxes? You’re talking personal property tax? You know, Dad pays those. Not sure what they are, but I don’t think they are really that much. I help with some of his chores and some assorted other things during the year, he reciprocates by covering the taxes. Fencing? All the land has nice new fences around them that we built when we acquired the land years ago. Haven’t had any meaningful fencing costs in many years. Insurance? Don’t have insurance on anything. I’ve got an umbrella liability policy that covers everything I own, but nothing more than that. Otherwise, I guess you would say I "self insure" for the most part. What about interest/opportunity cost? I don’t owe any money on anything, so no interest costs. Opportunity costs? Are you serious, at today’s interest rates? Heck, there is no opportunity costs cause the money can't earn squat setting in a bank. Stock market has stunk the last five years. Any other questions? [/QUOTE]
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How many cows to be full-time Rancher?
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