This thing can go both ways for lots of reasons, you have to know your market, Charolais may not have the best market around here, not knocking them. Now if the market goes south is that because there registerd? I don't think so
C B
#1 not alot of folks, start with a name, unless its inherited.
#2 you don't have to have a niche breed, to compete just raise quality cattle, and they will come, even if you only have 1 to sell, and maybe get a better animal at a lower price, because your not paying for that prefix.
#3 see part of #2 not paying for prefix.
#4 your right if you don't stand behind your animals, your done, but as long as you do, folks will respect you for it.
#5 just because there small doesnt meen they have crappy cattle.
#6 the seedstock producer somewhat drives it, by producing the type and kind the commercial cattleman want, so to a point there both a necessity.
#6 exactly you can't sell that piece of paper to the feedlot, but some cattle that are backed by that piece of paper bring a premium.
All that said 2 sides to most everything cattle, the seedstock guy needs the commercial guy, the commercial guy needs the seedstock guy. If youd have all the smaller operations gone, the big would only get bigger. So I'm all for anyone going registered, more marketing options.