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I’ve been doing some thinking......
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<blockquote data-quote="Nesikep" data-source="post: 1570638" data-attributes="member: 9096"><p>While I agree about them wanting control, I think the mechanism might be a little different.. they want the LAND.. It's pretty clear nowadays that unless you start off with a good bunch of land, cattle will never pay the mortgage and a living wage as it stand.. Most places I see have a purchase price to cow capacity of $10,000:1, around here it's more like $40,000 per cow.. at 6% interest that's $240/year, lets say that much again to pay down principal, so about $500/year, or half the value of a calf.. you haven't covered any expenses, losses, replacements or anything at that point. </p><p>People with power have LOTS of money even in hard times, they buy the assets at $.20 on the dollar</p></blockquote><p></p>
[QUOTE="Nesikep, post: 1570638, member: 9096"] While I agree about them wanting control, I think the mechanism might be a little different.. they want the LAND.. It's pretty clear nowadays that unless you start off with a good bunch of land, cattle will never pay the mortgage and a living wage as it stand.. Most places I see have a purchase price to cow capacity of $10,000:1, around here it's more like $40,000 per cow.. at 6% interest that's $240/year, lets say that much again to pay down principal, so about $500/year, or half the value of a calf.. you haven't covered any expenses, losses, replacements or anything at that point. People with power have LOTS of money even in hard times, they buy the assets at $.20 on the dollar [/QUOTE]
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I’ve been doing some thinking......
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