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Coffee Shop
Law of Diminishing returns
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<blockquote data-quote="Warren Allison" data-source="post: 1813550" data-attributes="member: 40587"><p>I made a lot of money training horses. I made a lot standing my stallions. Finished a year in the black a time or 2 competing and rodeoing. But by far, the most, and easiest money was in buying and selling. The same is true, maybe even more so, with cattle. No cow-calf operation anyone ever had could come close to our Corr operation, with a 200% to 300% ROI in 15 months. And trading had at least a little bit to do with that. I'd buy Chianina bulls for # $1200 and sell them for $2500 in Mexico to the guy buying cows for me. He;d have a lod of Corrs for $30k, and I'd carry him 10 bulls and pay him $5k boot. Only I had just $12k in them, So, that $30k load cost me $17k. WHen I got tpo the place with them, anmyu solib black one I sold for $900, So selling 20, I would have ZERO in the load. When we sold the last herd of 118 a few moths back we had $7 a head in them and I sold the herd for $108k. But, also last year I contracted with 3 different clients to put together a plan and program for them, and to buy cattle for them. 3 clients, 3 locations, 4 herds f cows. Did not use my oney or my fuel, or my trucks or trailers, and I made a little over $85k in just a couple of months. My partner in the Corr-Kudzu venture, Scott, raises beans, corn, peanuts and cotton full time. Last year I made over twice what he grossed in the futures market. He has millions in equipment, thousands a year in seed and fertilizer, and many a 16-18 hour days in the field, versus me spending a few minute clicking a mouse. The only kind of real money to be made in any branch of agriculture is in buying and selling. It is recession-proof, too. I made as much or more money back when 3-day old dairy calves at the sale brought $10, than I do now with them selling for $200.</p></blockquote><p></p>
[QUOTE="Warren Allison, post: 1813550, member: 40587"] I made a lot of money training horses. I made a lot standing my stallions. Finished a year in the black a time or 2 competing and rodeoing. But by far, the most, and easiest money was in buying and selling. The same is true, maybe even more so, with cattle. No cow-calf operation anyone ever had could come close to our Corr operation, with a 200% to 300% ROI in 15 months. And trading had at least a little bit to do with that. I'd buy Chianina bulls for # $1200 and sell them for $2500 in Mexico to the guy buying cows for me. He;d have a lod of Corrs for $30k, and I'd carry him 10 bulls and pay him $5k boot. Only I had just $12k in them, So, that $30k load cost me $17k. WHen I got tpo the place with them, anmyu solib black one I sold for $900, So selling 20, I would have ZERO in the load. When we sold the last herd of 118 a few moths back we had $7 a head in them and I sold the herd for $108k. But, also last year I contracted with 3 different clients to put together a plan and program for them, and to buy cattle for them. 3 clients, 3 locations, 4 herds f cows. Did not use my oney or my fuel, or my trucks or trailers, and I made a little over $85k in just a couple of months. My partner in the Corr-Kudzu venture, Scott, raises beans, corn, peanuts and cotton full time. Last year I made over twice what he grossed in the futures market. He has millions in equipment, thousands a year in seed and fertilizer, and many a 16-18 hour days in the field, versus me spending a few minute clicking a mouse. The only kind of real money to be made in any branch of agriculture is in buying and selling. It is recession-proof, too. I made as much or more money back when 3-day old dairy calves at the sale brought $10, than I do now with them selling for $200. [/QUOTE]
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