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Looking to get into cattle ranching
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<blockquote data-quote="rynophiliac" data-source="post: 1295318" data-attributes="member: 21471"><p>To the OP,</p><p></p><p>You are in a great position to make a full time income in cattle but it won't come overnight and it may take many years. Most cattlemen are getting older and not many younger guys have much interest. My advice would be get a full time job that pays well. Live off less than you make and start saving money for your own cows. Dont' buy expensive trucks, toys, etc. Talk to your grandpa about buying some cows of your own and grazing them on his place to get started. You could either pay him monthly rent to have your cows graze with his or you could do labor as payment. You could take care of his cows for him. He may enjoy having less responsibility. You want to get yourself in a position to purchase that land when he is ready to sell it. That would make a great base property that you can expand from. Keep your day job until your land is payed off, you have enough cows to make a good living, you have some savings in the bank and you have some diversification of assets. Beef prices go up and down and if you depend on it alone for income you may have some rough years. The earlier you get started the earlier you'll reach your goals. Good luck.</p></blockquote><p></p>
[QUOTE="rynophiliac, post: 1295318, member: 21471"] To the OP, You are in a great position to make a full time income in cattle but it won't come overnight and it may take many years. Most cattlemen are getting older and not many younger guys have much interest. My advice would be get a full time job that pays well. Live off less than you make and start saving money for your own cows. Dont' buy expensive trucks, toys, etc. Talk to your grandpa about buying some cows of your own and grazing them on his place to get started. You could either pay him monthly rent to have your cows graze with his or you could do labor as payment. You could take care of his cows for him. He may enjoy having less responsibility. You want to get yourself in a position to purchase that land when he is ready to sell it. That would make a great base property that you can expand from. Keep your day job until your land is payed off, you have enough cows to make a good living, you have some savings in the bank and you have some diversification of assets. Beef prices go up and down and if you depend on it alone for income you may have some rough years. The earlier you get started the earlier you'll reach your goals. Good luck. [/QUOTE]
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