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<blockquote data-quote="John SD" data-source="post: 1102240" data-attributes="member: 14713"><p>Let me arrange this a bit to get it in better perspective. Animals dying in your pasture = Cattle price of $0.00/lb = bankrupt company in portfolio</p><p></p><p>I submit that the price of every cow among the 1000s killed in the ugly October 2013 winter storm Atlas hit $0.00 </p><p></p><p>I have heard official estimates at $3B in livestock losses to western SD ranchers. Yes, that is 3 BILLION dollars, with a B. </p><p></p><p> That $3B is real money that is gone from the economy for good. Most ranchers will somehow survive this, but I'm sure a few won't. And there will be a lot of belt tightening for years to come.</p><p></p><p>You could say the $0.00value even went negative when you consider ranchers had to either hire pits dug or haul carcasses to burial pits provided by county funds for proper disposal. </p><p></p><p> I wasn't here to do it but neighbor used my Kubota to load up 10 of his dead cows from my place. He hauled those 20 miles to the nearest county burial site. Same neighbor lost over 40 cows at another pasture. </p><p></p><p>The neighbor who bought my home place along with my cows lost 40 of them, plus many more in another neighbor's dam. The 2 SILs came out and spent a very long day in a rowboat hooking on to dead cows and fishing them out of the dam. Local backhoe guy dug a pit so they didn't have to transport far. </p><p></p><p>The neighbor is 70 yrs old and he figures Atlas set them back at least 10 yrs financially. Devastating is a mild word for it. </p><p></p><p> Rendering trucks came from MN and picked up a lot of carcasses around the county, especially along main roads. But it was only a dent when considering the big picture.</p><p></p><p>I guess the point I'm trying to make here is that no one should fool themselves into thinking that cattle value can not go to zero in the same way that stock value can. And it's even tougher to look at and deal with.</p></blockquote><p></p>
[QUOTE="John SD, post: 1102240, member: 14713"] Let me arrange this a bit to get it in better perspective. Animals dying in your pasture = Cattle price of $0.00/lb = bankrupt company in portfolio I submit that the price of every cow among the 1000s killed in the ugly October 2013 winter storm Atlas hit $0.00 I have heard official estimates at $3B in livestock losses to western SD ranchers. Yes, that is 3 BILLION dollars, with a B. That $3B is real money that is gone from the economy for good. Most ranchers will somehow survive this, but I'm sure a few won't. And there will be a lot of belt tightening for years to come. You could say the $0.00value even went negative when you consider ranchers had to either hire pits dug or haul carcasses to burial pits provided by county funds for proper disposal. I wasn't here to do it but neighbor used my Kubota to load up 10 of his dead cows from my place. He hauled those 20 miles to the nearest county burial site. Same neighbor lost over 40 cows at another pasture. The neighbor who bought my home place along with my cows lost 40 of them, plus many more in another neighbor's dam. The 2 SILs came out and spent a very long day in a rowboat hooking on to dead cows and fishing them out of the dam. Local backhoe guy dug a pit so they didn't have to transport far. The neighbor is 70 yrs old and he figures Atlas set them back at least 10 yrs financially. Devastating is a mild word for it. Rendering trucks came from MN and picked up a lot of carcasses around the county, especially along main roads. But it was only a dent when considering the big picture. I guess the point I'm trying to make here is that no one should fool themselves into thinking that cattle value can not go to zero in the same way that stock value can. And it's even tougher to look at and deal with. [/QUOTE]
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