OhioRiver
Well-known member
okay....clue me in what that is
[/quote][/quote]Alot of operations suffer from a common disease known as PPM.[/quote]
[/quote][/quote]Alot of operations suffer from a common disease known as PPM.[/quote]
somn":1zhkilx7 said:p!ss poor managment.
I'm 100% serious. I see ranchers selling calves light all the time when they could have put a pound of weight on for $.50 that they could sell for $1.15. But the only thing the see is that $.50 per pound leaving their pocket instead of the $1.15 coming back in.
dun":rkvl6eda said:What you think of as doom and gloom is in most cases reality. There is money to be made, just not a lot of money. The margin of true profit on each head is small. Buying big is one of the most common mistakes, borrowing into debt to purchase cattle is another. Many people have no idea of their actaul cost to produce a lb of saleable beef. I see a good number of producders that get the big check at sale time and think it's profit, it isn;t. They confuse gross with net.
somn":h3mtbvxc said:p!ss poor managment.
I'm 100% serious. I see ranchers selling calves light all the time when they could have put a pound of weight on for $.50 that they could sell for $1.15. But the only thing the see is that $.50 per pound leaving their pocket instead of the $1.15 coming back in.
somn":mtsh7aga said:p!ss poor managment.
I'm 100% serious. I see ranchers selling calves light all the time when they could have put a pound of weight on for $.50 that they could sell for $1.15. But the only thing the see is that $.50 per pound leaving their pocket instead of the $1.15 coming back in.
Brute 23":2f415aqk said:dun":2f415aqk said:What you think of as doom and gloom is in most cases reality. There is money to be made, just not a lot of money. The margin of true profit on each head is small. Buying big is one of the most common mistakes, borrowing into debt to purchase cattle is another. Many people have no idea of their actaul cost to produce a lb of saleable beef. I see a good number of producders that get the big check at sale time and think it's profit, it isn;t. They confuse gross with net.
It depends... IF you are making a higher interest on your money invested than what your interest is on your loan then you would want to get the loan for the cattle. ;-)
Well I'm not ashamed to admit it the bank carries paper on all my cattle anyone that can afford 2500 hd of feeder cattle without borrowing money on them made there money the old fashioned way they inherited it. Cattle are just a way to spend the inheritanceBrute 23":1qc7d1xd said:dun":1qc7d1xd said:What you think of as doom and gloom is in most cases reality. There is money to be made, just not a lot of money. The margin of true profit on each head is small. Buying big is one of the most common mistakes, borrowing into debt to purchase cattle is another. Many people have no idea of their actaul cost to produce a lb of saleable beef. I see a good number of producders that get the big check at sale time and think it's profit, it isn;t. They confuse gross with net.
It depends... IF you are making a higher interest on your money invested than what your interest is on your loan then you would want to get the loan for the cattle. ;-)
[/quote]OhioRiver":3bdk1eid said:clue me in if you don't mind on some cause I know a lot of seedstock angus producers that live in huge homes and have mercedes and diamonds if you get my drift
Dont let anybody kid you, there are a whole lot of hidden benifits to cattle farming. You just have to be able to recognize all of these hidden benifits. 8)
Stepper":15puzbyh said:OhioRiver":15puzbyh said:clue me in if you don't mind on some cause I know a lot of seedstock angus producers that live in huge homes and have mercedes and diamonds if you get my drift
Dont let anybody kid you, there are a whole lot of hidden benifits to cattle farming. You just have to be able to recognize all of these hidden benifits. 8)
Jogeephus":1p9twtrp said:I've seen three people lose almost every thing they had doing just what you are talking about too. No, make that four. The only ones I know that seem to do this successfully in a big way have enough other income the losses or gains from cattle are insignificant.
[/quote]OhioRiver":2yx7w9qa said:So are you telling me I cannot make money buying surrogate angus cows and buying higher dollar embryos placed by and embryologist. Are you telling me if my calves come out as hot progeny that I cannot make money off of them??
Stepper":2yx7w9qa said:OhioRiver":2yx7w9qa said:clue me in if you don't mind on some cause I know a lot of seedstock angus producers that live in huge homes and have mercedes and diamonds if you get my drift
Dont let anybody kid you, there are a whole lot of hidden benifits to cattle farming. You just have to be able to recognize all of these hidden benifits. 8)
Just because a lot of seedstock angus producers live in huge homes and have mercedes and diamonds means they were paid for form the seedstock they are saling. I bet if you could know the truth about where they got all of their money. A very small percentage of them made it off of their seedstock operation. Or any other kind of cattle operation as far as that goes.
There are some people who live that life style from ranching or cattle farming. But i bet thoes few select have big operations and i bet they did not start from scratch.
OhioRiver":3lqrlbfc said:well.......the opportunity costs of your labor and operational expenses have to be added into the time value of your money. So you would need to make more than just investing your money into the markets per se if you take into account the other intangibles. You could take a part time job with the time you spend on cattle and invest the money. You would come out ahead on that one.
Jogeephus":1pkjjzyu said:Not saying you cannot make money off them. I am saying I have seen more people go broke doing what you are considering than I have seen make money. There is always room for one more business. That is what makes the country great. But with anything, you better look at both sides of the coin.
andOhioRiver":2pl7gynw said:I would place my purchases on another farm and pay the fee they ask for care as long as it is reasonable. I believe you can find some places that would do that in Kentucky.
Are you telling me if my calves come out as hot progeny that I cannot make money off of them??
Stepper":uzkr8zrh said:OhioRiver":uzkr8zrh said:So are you telling me I cannot make money buying surrogate angus cows and buying higher dollar embryos placed by and embryologist. Are you telling me if my calves come out as hot progeny that I cannot make money off of them??
Stepper":uzkr8zrh said:OhioRiver":uzkr8zrh said:clue me in if you don't mind on some cause I know a lot of seedstock angus producers that live in huge homes and have mercedes and diamonds if you get my drift
Dont let anybody kid you, there are a whole lot of hidden benifits to cattle farming. You just have to be able to recognize all of these hidden benifits. 8)
Just because a lot of seedstock angus producers live in huge homes and have mercedes and diamonds means they were paid for form the seedstock they are saling. I bet if you could know the truth about where they got all of their money. A very small percentage of them made it off of their seedstock operation. Or any other kind of cattle operation as far as that goes.
There are some people who live that life style from ranching or cattle farming. But i bet thoes few select have big operations and i bet they did not start from scratch.