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Retiring neighbor
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<blockquote data-quote="Iowa237" data-source="post: 358355" data-attributes="member: 6055"><p>First of all... find out if he as any relatives in Iowa that are willing to do the same thing with me!!! I don't know about your part of the country, but up here everything you just said is extremely cheap! 700 acres and 144 animals is what??? 4.8 acres/hd. and I assume part of that is hay ground? So the way I see it, it isn't much different than here? First year free rent??? Rent up here is 30-65 per acre, no such thing as free!!! Id take a giant leap if I was you. Maybe see if he'd even sell you his farm on contract with 0% interest!!! </p><p></p><p>Don't 4get to figure your death loss, and operating expenses! You won't have 67,500 to put against your cattle note each year. It cost me $506/pair last year to have my cattle. Another thing I do is even when a cow is paid off. I still put an "ownership" cost on her, which helps me keep more heifers. So when it comes time to replace her I don't have to borrow more money to keep my heifers. I have a bad habbit of thinking that I need better equipment so if I didn't do that, I'd have better working facilities, but more debt (I know... bad management? but it works for me)! Just some thoughts. Good Luck and have fun doing it.</p></blockquote><p></p>
[QUOTE="Iowa237, post: 358355, member: 6055"] First of all... find out if he as any relatives in Iowa that are willing to do the same thing with me!!! I don't know about your part of the country, but up here everything you just said is extremely cheap! 700 acres and 144 animals is what??? 4.8 acres/hd. and I assume part of that is hay ground? So the way I see it, it isn't much different than here? First year free rent??? Rent up here is 30-65 per acre, no such thing as free!!! Id take a giant leap if I was you. Maybe see if he'd even sell you his farm on contract with 0% interest!!! Don't 4get to figure your death loss, and operating expenses! You won't have 67,500 to put against your cattle note each year. It cost me $506/pair last year to have my cattle. Another thing I do is even when a cow is paid off. I still put an "ownership" cost on her, which helps me keep more heifers. So when it comes time to replace her I don't have to borrow more money to keep my heifers. I have a bad habbit of thinking that I need better equipment so if I didn't do that, I'd have better working facilities, but more debt (I know... bad management? but it works for me)! Just some thoughts. Good Luck and have fun doing it. [/QUOTE]
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