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<blockquote data-quote="Brute 23" data-source="post: 1374513" data-attributes="member: 6291"><p>You cant predict or control cattle prices. The fact is if your operation can't break even at .8 or .9 a lb... don't even get in the business. We will be at those prices more often than not.</p><p></p><p>Get a prioritized budget starting with necessities like water and go down the list to wants. The necessities need to fit in .85 a lb. When it goes to 1.25, 1.5, 2.0 you can slide down the list. </p><p></p><p>Don't get hung up on fancy equipment that makes things easier or saves money over 5 years. If you don't make it to 5 years... it didn't do you any good.</p><p></p><p>Buy things with money you have in your hand not money you are going to make.</p><p></p><p>People that have been doing this a long time and survive have some very basic game plans and they don't strey from them very often.</p></blockquote><p></p>
[QUOTE="Brute 23, post: 1374513, member: 6291"] You cant predict or control cattle prices. The fact is if your operation can't break even at .8 or .9 a lb... don't even get in the business. We will be at those prices more often than not. Get a prioritized budget starting with necessities like water and go down the list to wants. The necessities need to fit in .85 a lb. When it goes to 1.25, 1.5, 2.0 you can slide down the list. Don't get hung up on fancy equipment that makes things easier or saves money over 5 years. If you don't make it to 5 years... it didn't do you any good. Buy things with money you have in your hand not money you are going to make. People that have been doing this a long time and survive have some very basic game plans and they don't strey from them very often. [/QUOTE]
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