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Loan or grow?
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<blockquote data-quote="Coosh71" data-source="post: 1483547" data-attributes="member: 25267"><p>I have read every post in this thread and really enjoyed reading it all. There's a ton of knowledge on this site and that's why I enjoy it so much. There are successes and failures in either approach you decide to take (loan vs grow slow). I agree with one post that sticks out to me, about growing slow and learning as you grow. It's much easier to swallow losing 1 or 2 head because of a blunder vs 25. A neighbor bought 50 hd of nice Black Angus bred heifers a few years back just a couple months before prices took a big drop. With what he paid for heifers vs his return in first calves (with a lower market) and the loss of 12 that didn't breed back he was pretty deflated. He paid his bank not but it was a wash. Took 3 years to make it pencil out right. Also after 3 years he had 29 of the original 50 remaining in his herd. I guess my take is that if he had bought (with cash) 10-15 mid aged cows/year, he would have been a whole lot better off after those 3 years.</p></blockquote><p></p>
[QUOTE="Coosh71, post: 1483547, member: 25267"] I have read every post in this thread and really enjoyed reading it all. There's a ton of knowledge on this site and that's why I enjoy it so much. There are successes and failures in either approach you decide to take (loan vs grow slow). I agree with one post that sticks out to me, about growing slow and learning as you grow. It's much easier to swallow losing 1 or 2 head because of a blunder vs 25. A neighbor bought 50 hd of nice Black Angus bred heifers a few years back just a couple months before prices took a big drop. With what he paid for heifers vs his return in first calves (with a lower market) and the loss of 12 that didn't breed back he was pretty deflated. He paid his bank not but it was a wash. Took 3 years to make it pencil out right. Also after 3 years he had 29 of the original 50 remaining in his herd. I guess my take is that if he had bought (with cash) 10-15 mid aged cows/year, he would have been a whole lot better off after those 3 years. [/QUOTE]
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