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<blockquote data-quote="hillbilly" data-source="post: 56590" data-attributes="member: 373"><p>This is not how I was raised but it is honestly the best advice I can give to someone starting out.</p><p></p><p>If you have to borrow for everything [land,cows,equiptment] you can't make a go of it. Even with todays cattle prices. I do have some suggestions for starting from scratch;</p><p></p><p>Buy a small home place 20 to 40 acres.</p><p>Start small, 10 to 20 <u>good</u> cows.</p><p>Buy the best bull you can afford.</p><p>Keep your heifers to build your herd.</p><p></p><p>Build a good relationship with your neighbors especially the older ones.</p><p>As your land requirments grow <u>lease</u> land, take good care of it and your reputation as a leasee will help you acquire more later when you need it.</p><p></p><p>Property taxes on our land has increased 900% since 1986 when we bought it. Not likely that will change in the future.</p><p></p><p>The thought of handing down a farm to your sons is great and if you don't</p><p>own the land it loses some of its appeal. </p><p>In the year 2004 upstarts will have to be creative to be successful.</p><p>It's better to hand down a successful business on leased land than a small</p><p>farm that can't pay for itself.</p><p></p><p>Most young farmers in our area that didn't inheret the land are operating</p><p>this way with good results. </p><p>Us old guys call them "truck farmers"</p><p>Truth is at tax time we would like to trade places with them.</p><p>JMHO</p><p></p><p>Hillbilly</p></blockquote><p></p>
[QUOTE="hillbilly, post: 56590, member: 373"] This is not how I was raised but it is honestly the best advice I can give to someone starting out. If you have to borrow for everything [land,cows,equiptment] you can't make a go of it. Even with todays cattle prices. I do have some suggestions for starting from scratch; Buy a small home place 20 to 40 acres. Start small, 10 to 20 [u]good[/u] cows. Buy the best bull you can afford. Keep your heifers to build your herd. Build a good relationship with your neighbors especially the older ones. As your land requirments grow [u]lease[/u] land, take good care of it and your reputation as a leasee will help you acquire more later when you need it. Property taxes on our land has increased 900% since 1986 when we bought it. Not likely that will change in the future. The thought of handing down a farm to your sons is great and if you don't own the land it loses some of its appeal. In the year 2004 upstarts will have to be creative to be successful. It's better to hand down a successful business on leased land than a small farm that can't pay for itself. Most young farmers in our area that didn't inheret the land are operating this way with good results. Us old guys call them "truck farmers" Truth is at tax time we would like to trade places with them. JMHO Hillbilly [/QUOTE]
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