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Is it worth it financially?
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<blockquote data-quote="ddg1263" data-source="post: 890929" data-attributes="member: 8445"><p>Hero, I don't want to be totally negative, but I think you brought up an interesting point in your thread. You said that you knew a lady that had a vet bill of $2000. I bet you many of seasoned cattle ranchers would never spend that on their herd if it was not a really important animal. Some people will even shoot a sick animal if they can't save it themselves. Obviously some pure breeders have greater budgets than the commercial guys. Also some rich people that own land use it for a tax write off. And then you have the row croppers who use some of their by products for feed and unfarmable land for grazing pastures... It fits really well with those guys. However, if you are a guy just starting out with nothing, it will be an uphill climb for a number of years. The market is good right now, but I would hate to step out there and pay some of these premiums of what cattle is costing now. People paying over 120 for a bale of hay is just hard to imagine. I think one of the big reasons the cattle numbers are decreasing so is that people are in a tight all over America now, and they do not have the play money they use to have so their sell their herds to cut back on expenses. The drought has magnified the decrease in cattle numbers so now we are seeing a jump in cattle prices. However, I bet you in a few months someone on wall street will send out a memo how south America is producing an excess amount of cattle now and all the profit we think we have will be evaporated. This market may hold for a while because there is a true shortage of beef, but only time will tell.</p><p></p><p>All I can do is to suggest what you should look out for and to not be over expecting your herd to produce you a lot of money. If it is a sideline job then you will be just fine.I love spending time with my cattle, but the only way you can get me to spend 2000 dollars on a vet bill is if she is a really good looking vet that needs the work!</p></blockquote><p></p>
[QUOTE="ddg1263, post: 890929, member: 8445"] Hero, I don't want to be totally negative, but I think you brought up an interesting point in your thread. You said that you knew a lady that had a vet bill of $2000. I bet you many of seasoned cattle ranchers would never spend that on their herd if it was not a really important animal. Some people will even shoot a sick animal if they can't save it themselves. Obviously some pure breeders have greater budgets than the commercial guys. Also some rich people that own land use it for a tax write off. And then you have the row croppers who use some of their by products for feed and unfarmable land for grazing pastures... It fits really well with those guys. However, if you are a guy just starting out with nothing, it will be an uphill climb for a number of years. The market is good right now, but I would hate to step out there and pay some of these premiums of what cattle is costing now. People paying over 120 for a bale of hay is just hard to imagine. I think one of the big reasons the cattle numbers are decreasing so is that people are in a tight all over America now, and they do not have the play money they use to have so their sell their herds to cut back on expenses. The drought has magnified the decrease in cattle numbers so now we are seeing a jump in cattle prices. However, I bet you in a few months someone on wall street will send out a memo how south America is producing an excess amount of cattle now and all the profit we think we have will be evaporated. This market may hold for a while because there is a true shortage of beef, but only time will tell. All I can do is to suggest what you should look out for and to not be over expecting your herd to produce you a lot of money. If it is a sideline job then you will be just fine.I love spending time with my cattle, but the only way you can get me to spend 2000 dollars on a vet bill is if she is a really good looking vet that needs the work! [/QUOTE]
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