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Making money on cattle
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<blockquote data-quote="dun" data-source="post: 104735" data-attributes="member: 34"><p>If there was really big bucks in the cattle business , lawyers and doctors wouldn;t be investing as tax shelters.</p><p>The last couple of years the calf prices have been high but you can;t judge from those few years. You need to look at the history. Some years there is very good money to be made, others much less profit and in some you get losses. </p><p>In the fat years you buy the extras that you couldn;t buy in the lean years.</p><p>This year looked at calving time like it was going to be one of those very fat years. Drought has a tendency to knock that idea in the butt. But the good years are coming again, but the really bad ones are too.</p><p>It;s a long term business. We figure on a $100 profit per cow average over the years. An extra calf or two dies before weaning or you have to feed hay, hail sotrm damage, equipment goes completely foobar and it lowers that number.</p><p></p><p>dun</p></blockquote><p></p>
[QUOTE="dun, post: 104735, member: 34"] If there was really big bucks in the cattle business , lawyers and doctors wouldn;t be investing as tax shelters. The last couple of years the calf prices have been high but you can;t judge from those few years. You need to look at the history. Some years there is very good money to be made, others much less profit and in some you get losses. In the fat years you buy the extras that you couldn;t buy in the lean years. This year looked at calving time like it was going to be one of those very fat years. Drought has a tendency to knock that idea in the butt. But the good years are coming again, but the really bad ones are too. It;s a long term business. We figure on a $100 profit per cow average over the years. An extra calf or two dies before weaning or you have to feed hay, hail sotrm damage, equipment goes completely foobar and it lowers that number. dun [/QUOTE]
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