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I've got 40k and a desire...
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<blockquote data-quote="jkwilson" data-source="post: 724614" data-attributes="member: 969"><p>Not trying to sound like a total downer here, but here are my thoughts:</p><p></p><p>If your $40K is your downpayment, I don't think you are going to make enough to stop teaching. At 20% downpayment, $40K will let you buy a place that is worth $200,000. You aren't going to want to live in a dump, so say $90,000 for the house and $110,000 for the land. No matter where you go, it's probably going to take at least $2000 worth of land per cow per year. That gives you enough land for 53 cows and 2 bulls. And you are going to have to come up with at least $50 or $60,000 to buy the cattle, $15 or $20,000 for a tractor, and at least several thousand more for general equipment (chute, hay feeders, vet equipment) on top of the land and home. </p><p></p><p>If you are an outstanding cowman and find a place that is fully fenced and ready to operate, you might make $15 or $16,000 a year off of that herd. I cleared a little over $50 per cow last year :dunce: , mostly from cutting expenses to the bone and selling a couple of show steers for $1100 and $1300 at 7 months of age. That probably works out to way less than minimum wage for the hours I put in. </p><p></p><p>So say $16,000 profit per year. Except you have to pay the mortgage. That's going to run you around $1000 a month. That leaves you $4,000 a year.</p><p></p><p>Even if you take the entire $200,000 and buy land, you still are only going to be able to run say 97 cows and 3 bulls. That's an income at the very extreme best of $29,100, but more likely in the $5,000 to $10,000 range in good years. And you have to come up with nearly $100,000 for the cattle. And have some reserve for the bad years.</p><p></p><p>I don't claim those numbers are dead on, but you need to do your own calculations to figure out where you will be. My best advice is to find you a place where you can enjoy (or at least tolerate) teaching, buy you a place with some land, and run some cattle to keep you out of trouble after school.</p></blockquote><p></p>
[QUOTE="jkwilson, post: 724614, member: 969"] Not trying to sound like a total downer here, but here are my thoughts: If your $40K is your downpayment, I don't think you are going to make enough to stop teaching. At 20% downpayment, $40K will let you buy a place that is worth $200,000. You aren't going to want to live in a dump, so say $90,000 for the house and $110,000 for the land. No matter where you go, it's probably going to take at least $2000 worth of land per cow per year. That gives you enough land for 53 cows and 2 bulls. And you are going to have to come up with at least $50 or $60,000 to buy the cattle, $15 or $20,000 for a tractor, and at least several thousand more for general equipment (chute, hay feeders, vet equipment) on top of the land and home. If you are an outstanding cowman and find a place that is fully fenced and ready to operate, you might make $15 or $16,000 a year off of that herd. I cleared a little over $50 per cow last year :dunce: , mostly from cutting expenses to the bone and selling a couple of show steers for $1100 and $1300 at 7 months of age. That probably works out to way less than minimum wage for the hours I put in. So say $16,000 profit per year. Except you have to pay the mortgage. That's going to run you around $1000 a month. That leaves you $4,000 a year. Even if you take the entire $200,000 and buy land, you still are only going to be able to run say 97 cows and 3 bulls. That's an income at the very extreme best of $29,100, but more likely in the $5,000 to $10,000 range in good years. And you have to come up with nearly $100,000 for the cattle. And have some reserve for the bad years. I don't claim those numbers are dead on, but you need to do your own calculations to figure out where you will be. My best advice is to find you a place where you can enjoy (or at least tolerate) teaching, buy you a place with some land, and run some cattle to keep you out of trouble after school. [/QUOTE]
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