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making a living at it
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<blockquote data-quote="Anonymous" data-source="post: 13918"><p>While rule of thumb will work in some cases, if you are going to depend on cattle as your only source of income I think you need to put a little more research into this. Every situation is different. From what you wrote about doubling your ranch, I am going to assume that you have been raising cattle for a while. What have you been making on the cattle you have been raising up to now? What do you need to make to maintain your current standard of living? You can do what you want but if it was me I would spend some time with the bills, receipts, and a calculator and figure out where I was currently before expanding. One item that I can guarantee is that if you are going to need operating loans.....if you have not already done this research before going to the bank, he/she will make you do it before giving you money, especially if this is going to be your only source of income.</p><p></p><p> <a href="mailto:snefstea@conagrabeef.com">snefstea@conagrabeef.com</a></p></blockquote><p></p>
[QUOTE="Anonymous, post: 13918"] While rule of thumb will work in some cases, if you are going to depend on cattle as your only source of income I think you need to put a little more research into this. Every situation is different. From what you wrote about doubling your ranch, I am going to assume that you have been raising cattle for a while. What have you been making on the cattle you have been raising up to now? What do you need to make to maintain your current standard of living? You can do what you want but if it was me I would spend some time with the bills, receipts, and a calculator and figure out where I was currently before expanding. One item that I can guarantee is that if you are going to need operating loans.....if you have not already done this research before going to the bank, he/she will make you do it before giving you money, especially if this is going to be your only source of income. [email=snefstea@conagrabeef.com]snefstea@conagrabeef.com[/email] [/QUOTE]
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