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<blockquote data-quote="Stocker Steve" data-source="post: 931846" data-attributes="member: 1715"><p>I have been looking at the same issue. Beef mag this month calculated retaining heifers the last couple years was very profitable. Kind of late news to help most of us. They also calculated retaining 2012 heifers is marginal -- because they project cow/calf profits will start dropping in 2014...</p><p></p><p>The Noble Foundation ran some numbers a while back including tax rates and 179 deductions. It was ugly - - basically you could only afford to retain if you were so poor you did not pay income tax. This must be how big ranches are put together ;-) </p><p></p><p>I don't trust a data point in time. If your would have done a calc last fall you would have sold all your cows cheap and then sprayed out the pasture to grow $7 corn.</p><p></p><p>I agree that buying heifers is a crap shoot, but I have much better success with retained heifers out of proven cow families. </p><p></p><p>So I split the difference - - retaining a select 10 to 20% from my top cows (this year they are AI wf calves out of Victor Domino), buying in some discounted red cows, and putting in a little crop to renovate one or two pastures each year. What really skews gross margins here is that we seem to be one of the few areas in the country that still has inexpensive hay. :cboy:</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 931846, member: 1715"] I have been looking at the same issue. Beef mag this month calculated retaining heifers the last couple years was very profitable. Kind of late news to help most of us. They also calculated retaining 2012 heifers is marginal -- because they project cow/calf profits will start dropping in 2014... The Noble Foundation ran some numbers a while back including tax rates and 179 deductions. It was ugly - - basically you could only afford to retain if you were so poor you did not pay income tax. This must be how big ranches are put together ;-) I don't trust a data point in time. If your would have done a calc last fall you would have sold all your cows cheap and then sprayed out the pasture to grow $7 corn. I agree that buying heifers is a crap shoot, but I have much better success with retained heifers out of proven cow families. So I split the difference - - retaining a select 10 to 20% from my top cows (this year they are AI wf calves out of Victor Domino), buying in some discounted red cows, and putting in a little crop to renovate one or two pastures each year. What really skews gross margins here is that we seem to be one of the few areas in the country that still has inexpensive hay. :cboy: [/QUOTE]
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