Washouts

[Caustic Burno]

Just got back from hauling a trailer load to the salebarn for the sale tomorrow,prices last week were unbelievable.
It will be interesting to see who is left on the board next cycle when all the hobby boys and wantabees washout on 50 cents a pound calves.

 

[bgm]

Low prices? well we all knew it wouldn't last forever. All I can say is if the prices do drop substantially I'll make upgrades to herd size and quality while I can afford it better. Might take some money out of my pocket now, but in the long run it'll be worth it.

 

[Beef11]

If you look at the cattle cycle and take into account the average lifespan of a beef cow you can see that cows born in high markets and retained have a lower salvage value than cows retained in down markets. ie When times are bad it is a good time to expand. When times are good outside money sees their chance to make it big. 4 years later they sell in a down market.

 

[EIEIO]

Just got back from hauling a trailer load to the salebarn for the sale tomorrow,prices last week were unbelievable.
It will be interesting to see who is left on the board next cycle when all the hobby boys and wantabees washout on 50 cents a pound calves.

CB, don't plan on being at the sale barn for another few months so I guess I'll still be around.

You have been even more on the ornery side than normal of late. Somebody in your house got the sniffles and you been taking a taste of their tink after you dose them up ;-) ?

J

 

[Waymoore]

Let me start by saying I am new to this board and havent figured out everybody. I do know the major posters and have alot of respect for their knowledge. with that said Caustic there will probablly be more of us hobby boys and wannabes now cause we all have other sources of income and if prices are cheap it will even draw more newbies and hobby boys. Wont that be nice.

 

[cypressfarms]

Just got back from hauling a trailer load to the salebarn for the sale tomorrow,prices last week were unbelievable.
It will be interesting to see who is left on the board next cycle when all the hobby boys and wantabees washout on 50 cents a pound calves.

Last week sold 8 heifers that were going to be too small to breed this spring (between 400 to 500 lbs) at the sale in Baton Rouge and received from $1.19 to $1.40 for them. Averaged $1.30. That's not bad for heifers; in fact $1.40 is what I would expect for steers.

 

[Crowderfarms]

Just got back from hauling a trailer load to the salebarn for the sale tomorrow,prices last week were unbelievable.
It will be interesting to see who is left on the board next cycle when all the hobby boys and wantabees washout on 50 cents a pound calves.

Come on CB, You know that this business requires all of us to ride with the tide and go with the flow. I'll still be here, no matter what prices do in the future.
Farming and cattle are in my Blood.

 

[Caustic Burno]

Let me start by saying I am new to this board and havent figured out everybody. I do know the major posters and have alot of respect for their knowledge. with that said Caustic there will probablly be more of us hobby boys and wannabes now cause we all have other sources of income and if prices are cheap it will even draw more newbies and hobby boys. Wont that be nice.

Be sure to let the IRS know your a hobby so you can quit stealing from the government, because there are no write offs for that hobby.

 

[dj]

Come'on caustic we are not hobby farmers anymore.
Check the real estate ads.
We are now referred as LPO's :lol:
Large Parcel Owners :shock:
woo hoo get the tux out i'm way impotent now.

As far as the money thing goes. How do you figure we're
stealing from the government? I've read your posts about your
NE pasture and am beginning to wonder if your not a arm chair
manager. If you go to trouble of the paperwork and follow the guidelines
why shouldn't you get the money. I've never taken money
from a government program of any kind. No soil conservation, no pasture improvment,
no improved watering systems.
NADA not a bit. And I paid taxes on profits in 3 of 13 yrs.
Now the question I would ask is who really cares more? The person that is willing to
pay for the lifestyle or the person who's lifetime of government
money subsides of one sort or another has paid his way.
I wonder if your not fretting cause the pie has smaller pieces now.

 

[Caustic Burno]

Come'on caustic we are not hobby farmers anymore.
Check the real estate ads.
We are now referred as LPO's :lol:
Large Parcel Owners :shock:
woo hoo get the tux out i'm way impotent now.

As far as the money thing goes. How do you figure we're
stealing from the government? I've read your posts about your
NE pasture and am beginning to wonder if your not a arm chair
manager. If you go to trouble of the paperwork and follow the guidelines
why shouldn't you get the money. I've never taken money
from a government program of any kind. No soil conservation, no pasture improvment,
no improved watering systems.
NADA not a bit. And I paid taxes on profits in 3 of 13 yrs.
Now the question I would ask is who really cares more? The person that is willing to
pay for the lifestyle or the person who's lifetime of government
money subsides of one sort or another has paid his way.
I wonder if your not fretting cause the pie has smaller pieces now.

You can't be a hobby and claim the deductions I didn't write the law. You hit the nail on the head they are paying for a lifestyle and BSing themselves they are living it. Sinking 100,000's in a fifty acre place and claiming to be Cattlemen making money how funny.

 

[rgv]

I guess what I would like to understand is how some of the people on this board are so concerned that the Hobby Farmers are affecting the price being received for feeder cattle, or for that matter all the bred heifers being marketed.
Seems the big boys don't mind ramping up the production of hundreds of bred heifers to build the overall herd.
I doubt that us small guys have that large of an impact on prices.
Please don't answer with bred cow prices, I go to these sales and see guys with large places buying 10-50 at a time at prices I would never pay.
Yes there is always the knucklehead who pays way to much for a few head, however I don't believe that will ever change.
I think the market will always be the market.

 

[Saltydawg]

I have my retirement income and don't owe the bank for anything so price fluctuations don't affect me much.

Calves were bringing well over a buck a pound last week at the local salebarn.

 

[Andrew]

The market is perfect and almost always takes care of itself.
I don't see anything wrong with being a part-timer or even "hobbyist". This is a free country and mobility/free enterprise is a privilege anyone can exercise; therefore, get off your mule and take the low prices like a man. If you can't make ends meet, you should've thought about second career like many of us did.
As for subsidies and tax write-offs, most part-timers and "hobbyists" pay a bunch of taxes from other non-farm income so what makes you think full-time farmers are the only one who take the write-off? If you didn't take them when you could have, then you might be considered a responsible patriot or a proud fool.

Thank you and I hope I didn't offend anyone; in which case, I apologize.

Andrew

 

[dj]

If you didn't take them when you could have, then you might be considered a responsible patriot or a proud fool.

Thank you and I hope I didn't offend anyone; in which case, I apologize.

Andrew

well i've never been responsible, so.........
they can keep their money.
Their paperwork, onsite visits, and satellite pictures of my property verifying I'm in compliance too.

 

[Victoria]

Let me start by saying I am new to this board and havent figured out everybody. I do know the major posters and have alot of respect for their knowledge. with that said Caustic there will probablly be more of us hobby boys and wannabes now cause we all have other sources of income and if prices are cheap it will even draw more newbies and hobby boys. Wont that be nice.

Have to admit, I was thinking that the doctors and lawyers with 5 cows are probably not going to be as bothered by the prices as the rancher who feeds his family with the money from the cattle.

 

[dun]

If you didn't take them when you could have, then you might be considered a responsible patriot or a proud fool.

Thank you and I hope I didn't offend anyone; in which case, I apologize.

Andrew

well i've never been responsible, so.........
they can keep their money.
Their paperwork, onsite visits, and satellite pictures of my property verifying I'm in compliance too.

They've already got the satellite photos.
I never found the paperwork for costshare to be all that burdensome. If you do it like it should be done there isn;t a problem with compliance. We sure couldn;t have put in some of the fencing projects and water systems without cost share. And I figure that paying out of pocket only 25% beats 100% any day. I've also found that if you do it to specifications you only have to do it once and not keep having to patch/repair. But that's just me. We have a good bunch of folks in our local office that are under the mistaken idea that they're supposed to be a help and not a hindrance.

dun

 

[9 ER]

Caustic, for someone with a wealth of cattle knowledge, you sure lack common sence. Why in the world would low prices at the salebarn affect weather or not a "hobby boy" keps his cows? With me being nicknamed coach4cows, I , like every other "hobby boy", have an income to support my hobby. And seeing that I am donating my calves to high school kids to show at the local fair, I could care less what the prices are. I know a lot of you make a living on your cattle and I respect you for that.


Do you really want to get into a discussion on who is stealing from the gov't?

 

[Beef11]

People get all riled up over goverment subsidies when at the same time don't think twice about "Ag excemptions" or a myriad of favorable tax laws for agriculture. The fact is US ag is subsidized whether directly or indirectly. The other major factor is private subsidies ie people who will do it for free or pay to do it. How do you compete with people who will do it and lose money at it?

 

[Bullbuyer]

Whoa ! Everybody needs to calm down for a minute - stop this spittin' contest about who is what and who can deduct what. The original note posted by Caustic has me wondering where he's selling cattle. I haven't seen any dramatic decrease on any particular class of cattle. Granted, slaughter cows are off a little but most classes of feeder cattle continue to be relatively strong.

 

[Arnold Ziffle]

Bullbuyer, just scanning prices from last week at Crockett and Emory, Tx. sale barns I've got a hunch Caustic thought the prices were unbelievably good, not bad, all things considered. Hence, he wondered about what would happen if folks had to sell good calves for less than half of what recent prices have been. ;-)