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<blockquote data-quote="C &amp;amp; C Land &amp;amp; Catt" data-source="post: 264333" data-attributes="member: 443"><p>Here is my answer to profit in cows and farming.</p><p></p><p>To start with how big are u going to buy in? Are u gonig with 10 or a 1000 head? Are U going to buy land or lease? Buy equipment or have done custom? The problem with ag is there are so many variables. If u buy now and the market drops u lose, if it stays or comes up u win. We all have to deal with the weather and blah blah blah. That is why u will hardly ever get a straight answer.</p><p></p><p>I started when I turned 19 with a good banker. My family had sold out several years earlier and called me an idiot. When I presented my plan to the bank I had thought out almost everything. I did not have a side job to go with it and if the farm needed money I went without. There have been years when I made piles of money and years I have broke even. I try not to pile all my eggs in one basket and it has paid off. </p><p></p><p>Now to the hobby farmer. I have nothing at all against them b/c they are doing something they enjoy. The way I think they hurt the market is by not a: succesfully negotiate contracts and just taking what the sale barn, coop, or anybody else gives b: paying way to much for supplies and operating material. The ag market is one of the only markets that the seller has hardly any say in what his price will be. Now more power to the niche market farmers b/c they are finding what somebody is willing to pay extra for and fulfilling thier needs. My def. of a hobby farmer is somebody who does not make their main livelyhood off the farm. If u are a lawyer with 1000 head and u never see them that is a hobby. If u are a niche farmer with 50 head and organic crops and that is how u make ur living u are not. </p><p></p><p>Expecting to consistently make a certain profit farming is like expecting to go to vegas and consistently win at craps or roulette. The bottom line is are u willing to take a chance to make it in farming or do u want to live in the suburbs staring into a glow over ur head instead of stars every night. If u are going into it expecting to make a profit treat it just like a company (plumbing, oil, carpenter, etc..) or do not expect it to make a profit. </p><p></p><p>Post ur business plan and I am sure we would all be more than welcome to give u tips and ideas on it and we might learn a few from u.</p><p></p><p>In finishing, I believe there is a great deal of money in ag u just have to want it and work for it. I hope that is a straight enough answer to ur question about profit. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big grin :D" loading="lazy" data-shortname=":D" /></p></blockquote><p></p>
[QUOTE="C & C Land & Catt, post: 264333, member: 443"] Here is my answer to profit in cows and farming. To start with how big are u going to buy in? Are u gonig with 10 or a 1000 head? Are U going to buy land or lease? Buy equipment or have done custom? The problem with ag is there are so many variables. If u buy now and the market drops u lose, if it stays or comes up u win. We all have to deal with the weather and blah blah blah. That is why u will hardly ever get a straight answer. I started when I turned 19 with a good banker. My family had sold out several years earlier and called me an idiot. When I presented my plan to the bank I had thought out almost everything. I did not have a side job to go with it and if the farm needed money I went without. There have been years when I made piles of money and years I have broke even. I try not to pile all my eggs in one basket and it has paid off. Now to the hobby farmer. I have nothing at all against them b/c they are doing something they enjoy. The way I think they hurt the market is by not a: succesfully negotiate contracts and just taking what the sale barn, coop, or anybody else gives b: paying way to much for supplies and operating material. The ag market is one of the only markets that the seller has hardly any say in what his price will be. Now more power to the niche market farmers b/c they are finding what somebody is willing to pay extra for and fulfilling thier needs. My def. of a hobby farmer is somebody who does not make their main livelyhood off the farm. If u are a lawyer with 1000 head and u never see them that is a hobby. If u are a niche farmer with 50 head and organic crops and that is how u make ur living u are not. Expecting to consistently make a certain profit farming is like expecting to go to vegas and consistently win at craps or roulette. The bottom line is are u willing to take a chance to make it in farming or do u want to live in the suburbs staring into a glow over ur head instead of stars every night. If u are going into it expecting to make a profit treat it just like a company (plumbing, oil, carpenter, etc..) or do not expect it to make a profit. Post ur business plan and I am sure we would all be more than welcome to give u tips and ideas on it and we might learn a few from u. In finishing, I believe there is a great deal of money in ag u just have to want it and work for it. I hope that is a straight enough answer to ur question about profit. :D [/QUOTE]
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