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Profit from cattle?? Where is it?
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<blockquote data-quote="dun" data-source="post: 458560" data-attributes="member: 34"><p>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 <strong>big</strong> 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.</p></blockquote><p></p>
[QUOTE="dun, post: 458560, member: 34"] 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 [b]big[/b] 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. [/QUOTE]
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Profit from cattle?? Where is it?
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