denoginnizer
Well-known member
How much would a stockyard cost? The guy that owns the stockyard has biggest house , newest tractors and nice trucks. He makes money if the price goes up or down.
denoginnizer":2xl785qg said:How much would a stockyard cost? The guy that owns the stockyard has biggest house , newest tractors and nice trucks. He makes money if the price goes up or down.
denoginnizer":16my2be2 said:Maybe business savy is why he bids up the price on most of the cows that come through his auction. If he buys the animal its no sweet off his back cause he can always run it back through next week with minimal expense .
Hi again Muratic!!!LOL You are so right! And the Jerry guy that thinks it is easy money??? BS!!! Some of you people seem to forget that you have to collect for cattle that you sell. You have to give the checks to sellers the day of sale but you might not get paid for 3 or 4 days...and most of those payments are by check. Lot of exposure with a load of cattle with todays prices. Youve paid the seller, cattle are loaded up and gone, and you wait on the order buyers to send you a check. That's the way it works. P&S bonds and custodial accounts are a good thing but they dont take out all of the risk. All it takes is a stocker operator or feeder 1200 miles away that gives an order buyer a bad check....often because he GOT a bad check from somebody else...that can start a domino affect that will bring a small barn to its knees fast!!!! You better think again if you think its like picking peachesMuratic":13f05aw3 said:denoginnizer":13f05aw3 said:How much would a stockyard cost? The guy that owns the stockyard has biggest house , newest tractors and nice trucks. He makes money if the price goes up or down.
He probably has some knowledge of the industry, good relationship with the bank, and some business savvy too.
Keep wondering bub, you don't just by a stockyard and automatically make money :roll:
denoginnizer":1221gnlu said:How much would a stockyard cost? The guy that owns the stockyard has biggest house , newest tractors and nice trucks. He makes money if the price goes up or down.