alexfarms
Well-known member
angus9259":28dwc032 said:VLS_GUY":28dwc032 said:You left off the most important qualification: The need for an outside source of income or capital that makes economic performance of the enterprise irrelivant. This works until the money runs out and receivership invariably follows...
Does "reciprocal buying" happen to some degree in other breeds? I can't imagine it does to the extent it happens in Angus, but just curious.
I really respect some of the angus organizations that don't participate in that - Sinclair, Wehrmans, Gardiner, ohlde, etc regardless of genetic take on breed enhancement.
"Reciprocal buying", as you call it, has gone on as long as I can remember in Herefords and I am 51. The real killer is when they pull in some rich green horn who outbids the foney bidders. Buys up all these totally overpriced cattle. Has a production sale, thinking he will sell for similar prices at which he bought, and can barely get bids. A few years later he disperses in utter self defeat. You see this going on over and over and over again. Would breeds be better off if they kept some of those big money guys around?