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thinking of getting into the biz
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<blockquote data-quote="Craig-TX" data-source="post: 39308" data-attributes="member: 39"><p>You should be commended on having the patience to build slowly and therefore avoid debt. There is nothing like performing assets that are free and clear. You will sleep much better through the inevitable price swings and market cycles.</p><p></p><p>Don't forget to factor in the tax benefits. You will be able to expense and depreciate many costs and equipment purchases on your income tax.</p><p></p><p>Buying bred cows (not heifers) or pairs would be a good way to start. I would buy less than top-of-the-line cows. As long as they are sound they will do fine if they have plenty to eat. It sounds like you will have plenty of grass and you will be in the money much faster than paying a premium for papers or fancy stock.</p><p></p><p>Craig-TX</p></blockquote><p></p>
[QUOTE="Craig-TX, post: 39308, member: 39"] You should be commended on having the patience to build slowly and therefore avoid debt. There is nothing like performing assets that are free and clear. You will sleep much better through the inevitable price swings and market cycles. Don’t forget to factor in the tax benefits. You will be able to expense and depreciate many costs and equipment purchases on your income tax. Buying bred cows (not heifers) or pairs would be a good way to start. I would buy less than top-of-the-line cows. As long as they are sound they will do fine if they have plenty to eat. It sounds like you will have plenty of grass and you will be in the money much faster than paying a premium for papers or fancy stock. Craig-TX [/QUOTE]
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