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<blockquote data-quote="JMJ Farms" data-source="post: 1554474" data-attributes="member: 24583"><p>I've got it figured like this. </p><p>1) My 'real' job pays the bills</p><p>2) Cows pay their own way</p><p>3) Cows have allowed me to buy things, (farm, equipment) that otherwise I couldn't have justified owning. </p><p>4) Cows provide a way to get some money up in a hurry if the need arises. </p><p>5) Cows give me a justifiable reason to 'leave the house' at any time (when their is a little friction at home there's always a fence that needs fixed)</p><p>6) I THINK that at the very worse, the cows are a savings account. </p><p>7) If I were to liquidate tomorrow , I would realize a profit over what I've put in, not accounting for labor of course!</p><p>8) I don't know of one piece of equipment that I own that would bring more than 10% less than what I payed for it. Most is worth more than I payed for it. Equipment has been a better investment than the cows. But I don't buy new equipment. It was all bought used and it's all been fixed or improved and well taken care of. </p><p>9) No matter whether it's land, equipment, cows, housing, or a gallon of milk.....the money is made when you buy it and it's of no real value unless you sell it</p></blockquote><p></p>
[QUOTE="JMJ Farms, post: 1554474, member: 24583"] I’ve got it figured like this. 1) My ‘real’ job pays the bills 2) Cows pay their own way 3) Cows have allowed me to buy things, (farm, equipment) that otherwise I couldn’t have justified owning. 4) Cows provide a way to get some money up in a hurry if the need arises. 5) Cows give me a justifiable reason to ‘leave the house’ at any time (when their is a little friction at home there’s always a fence that needs fixed) 6) I THINK that at the very worse, the cows are a savings account. 7) If I were to liquidate tomorrow , I would realize a profit over what I’ve put in, not accounting for labor of course! 8) I don’t know of one piece of equipment that I own that would bring more than 10% less than what I payed for it. Most is worth more than I payed for it. Equipment has been a better investment than the cows. But I don’t buy new equipment. It was all bought used and it’s all been fixed or improved and well taken care of. 9) No matter whether it’s land, equipment, cows, housing, or a gallon of milk.....the money is made when you buy it and it’s of no real value unless you sell it [/QUOTE]
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