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<blockquote data-quote="marksmu" data-source="post: 869011" data-attributes="member: 9219"><p>I agree there is a cost - that is my point...my costs are the same on a few or a bunch. The more head I have, the lower the cost per animal. The opportunity costs of not buying a replacement or a 3n1 are there and real, but there is also a price on a tame and healthy herd, and its tough to put on a paper. I know I am not maximizing my income the way I am currently doing it, but I am *hopefully* maximizing my lifetime return by retaining the genetics I want and having the dispositions that work for my methods. There are plenty of ways to make more than I currently make - hundreds probably - but I sat down when I started and made a 10 year plan. I started the ranch because I enjoy it immensely....but I did not want to subsidize it with my off ranch income. Worse, my wife will not allow me to subsidize it forever. So I wrote it all down on a 10 year plan. Years 1-4 were not predicted to make money unless I sold hay. I did not make/sell hay so the first 2 I lost my rear end and I subsidized it. But I knew that going in. Year 3 is ahead of schedule in that I wont lose any money and I did not make hay (though this may bite me if it does not rain). Year 4 looks like it is about where I hoped I would be. </p><p></p><p>My accounting includes every single penny spent on the place....down to the last cent....except I place no value on my own time, or that of my family/friends who come out to help. If I had to pay labor or consider lost opportunity costs based on maximum returns it would never make money - even in the best year with perfect outcomes on everything I did. Simply put I can make more money doing something else, but I will be far less happy. Money has not been able to buy the happiness and satisfaction I have with the ranch and the positive changes I see occurring. Not only that in a couple years my daughter will be old enough to enjoy it with me. Its not possible to put a price on that.</p></blockquote><p></p>
[QUOTE="marksmu, post: 869011, member: 9219"] I agree there is a cost - that is my point...my costs are the same on a few or a bunch. The more head I have, the lower the cost per animal. The opportunity costs of not buying a replacement or a 3n1 are there and real, but there is also a price on a tame and healthy herd, and its tough to put on a paper. I know I am not maximizing my income the way I am currently doing it, but I am *hopefully* maximizing my lifetime return by retaining the genetics I want and having the dispositions that work for my methods. There are plenty of ways to make more than I currently make - hundreds probably - but I sat down when I started and made a 10 year plan. I started the ranch because I enjoy it immensely....but I did not want to subsidize it with my off ranch income. Worse, my wife will not allow me to subsidize it forever. So I wrote it all down on a 10 year plan. Years 1-4 were not predicted to make money unless I sold hay. I did not make/sell hay so the first 2 I lost my rear end and I subsidized it. But I knew that going in. Year 3 is ahead of schedule in that I wont lose any money and I did not make hay (though this may bite me if it does not rain). Year 4 looks like it is about where I hoped I would be. My accounting includes every single penny spent on the place....down to the last cent....except I place no value on my own time, or that of my family/friends who come out to help. If I had to pay labor or consider lost opportunity costs based on maximum returns it would never make money - even in the best year with perfect outcomes on everything I did. Simply put I can make more money doing something else, but I will be far less happy. Money has not been able to buy the happiness and satisfaction I have with the ranch and the positive changes I see occurring. Not only that in a couple years my daughter will be old enough to enjoy it with me. Its not possible to put a price on that. [/QUOTE]
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