Caustic Burno
Well-known member
I think he got scared off.
Yea, wife probably read his post, perhaps 1st she heard of it and expressed her thoughts and he had reason to fear.Caustic Burno":35o0wrq9 said:I think he got scared off.
My goal isnt to give up my career. I understand that making my current income through cattle would likely be a multi million dollar investment. I only wish to make a little side income or atleast pay for the farm. Thank you.dieselbeef":2neqeooo said:if yer used to making 85k you wont be used to the break even if yer lucky lifestyle of a rancher
uplandnut":2neqeooo said:First of all thank you for your service, and in his beginners board post it says he is located in Smithfield KY.
If you think the land is a good value for the area and if it wont strap you financially I would say jump on it. I would log it and put that on the loan right away. As far as the buying cows I think I would think about that for a little longer. Maybe you can find someone to rent the pasture if it's fenced or give someone a free pasture rent for a few years if they fence it.
Maybe with all the members from the Kentucky area you could find one that would be willing to let you help them with there operation for a while to see if you really want to have cows or maybe you just decide you'd rather not get into a cow/calf operation and something else strikes your fancy. Some people are more than willing to help out a person looking to get into the cattle world, and the free help is a huge thing too.
P.S. Buying cows is addictive, started with 4, 3 years ago and have 20 now.
talltimber":2neqeooo said:I would never tell anyone not to buy ground when they find some worth the money. I agree that with your daughter growing up, there will be times when time is very hard to come by, and maintenance on ground can be very time consuming. Is the ground close to you, or a significant distance?
Dave":327lpp7a said:Son of Butch":327lpp7a said:I also know a few that followed the old "they ain't making land anymore" reasoning in the late '70s that lost it all in
the land market down turn of the mid 80s.
I also know a couple of people including an uncle who made multi millions because they bought up cheap land and held on to it for a while. If you subtract the timber value from this land the price per acre is pretty cheap. Then once again it would be nice to know the location.
Chief254":21gcvthf said:My goal isn't to give up my career..... I only wish to make a little side income or at least pay for the farm.
My plan has always been to roll the income from the timber back into the property. We do have room in the budget
to take on the payment for the property. Its looking more and more like this should be an investment property.
I do like the idea of offering the pasture for free in return for fencing.
Ground is 40 minutes from my house. Good friend owns the adjoining 180 acres. He has 40 head with an average of 2 acres per cow calf pair.
Ky cowboy":72hcake6 said:I'm in his position about exactly except I can't find anything to buy and my wife don't work she takes care of our 3 kids. I lease 300 acres of pasture with cattle already on it And lease another 100 acres that has 40 acres of hay on it. I sell enough hay to pay the lease and expenses on the hay farm and supply me with enough hay to feed my cows thru the winter. I don't plan on quitting my day job but it's a lifestyle/hobby that I do clear a profit from. I'm not a boater, gotta be doing something constructive, I'd rather weed eat fence rows then hunt or fish anymore
boondocks":3exeddg6 said:Ky cowboy":3exeddg6 said:I'm in his position about exactly except I can't find anything to buy and my wife don't work she takes care of our 3 kids. I lease 300 acres of pasture with cattle already on it And lease another 100 acres that has 40 acres of hay on it. I sell enough hay to pay the lease and expenses on the hay farm and supply me with enough hay to feed my cows thru the winter. I don't plan on quitting my day job but it's a lifestyle/hobby that I do clear a profit from. I'm not a boater, gotta be doing something constructive, I'd rather weed eat fence rows then hunt or fish anymore
Sounds like a lotta work to me ;-)
Son of Butch":20ckwzq8 said:I know 2 fellows that married doctors and a 3rd guy that topped them both marrying an only child whose parents
were 1% ers also a girl that married a tribal member of a very well known Indian Casino.
A spouse can be the best investment/lottery around. IF you struck out doesn't mean he did.