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<blockquote data-quote="SRBeef" data-source="post: 858346" data-attributes="member: 7509"><p>I really feel for those of you in the drought areas, if that is where you are.</p><p></p><p>As far as your post, I don't really see your point. </p><p></p><p>My thoughts:</p><p></p><p>Droughts do end, at some point.</p><p>Some may not get back into cattle when the drought does end, but I think cattle get in your blood and most will get back in cattle at some time and level.</p><p></p><p>"Paper Assets" such as CD's etc are not anywhere near break-even with inflation at today's ridiculously low interest rates. Unless you are into Greek notes!</p><p></p><p>Quality USA beef is a bargain yet in many other currencies. Dollar may not continue down but it sure is not going up much in the forseable future. With the rate of population growth in many other countries and the increase in wealth in many of those and demand for a better diet I don't think world wide demand for quality beef will go away any time soon.</p><p></p><p>When the drought ends, what are we going to do with all that Texas rangeland? IMO someone will have cattle out there before too long.</p><p></p><p>A lot of folks are "upside down" on a lot of other things than just cattle. If I were in Texas I would hold on to my best stock as long as I could and gradually sell the rest, poorest to better stock, as required to feed the best.</p><p></p><p>jmho. Good luck.</p><p></p><p>Jim</p></blockquote><p></p>
[QUOTE="SRBeef, post: 858346, member: 7509"] I really feel for those of you in the drought areas, if that is where you are. As far as your post, I don't really see your point. My thoughts: Droughts do end, at some point. Some may not get back into cattle when the drought does end, but I think cattle get in your blood and most will get back in cattle at some time and level. "Paper Assets" such as CD's etc are not anywhere near break-even with inflation at today's ridiculously low interest rates. Unless you are into Greek notes! Quality USA beef is a bargain yet in many other currencies. Dollar may not continue down but it sure is not going up much in the forseable future. With the rate of population growth in many other countries and the increase in wealth in many of those and demand for a better diet I don't think world wide demand for quality beef will go away any time soon. When the drought ends, what are we going to do with all that Texas rangeland? IMO someone will have cattle out there before too long. A lot of folks are "upside down" on a lot of other things than just cattle. If I were in Texas I would hold on to my best stock as long as I could and gradually sell the rest, poorest to better stock, as required to feed the best. jmho. Good luck. Jim [/QUOTE]
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