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What is a bull worth
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<blockquote data-quote="Son of Butch" data-source="post: 1222160" data-attributes="member: 14585"><p>Using his numbers, 10 lbs extra per calf weaned = $2400 <strong>GROSS</strong> lifetime added value.</p><p>But you won't realize the full $2,400 for 5 years! 6.25% interest on 2400 = $150 x 5 = $750 2400-750 = $1650</p><p>Using 70% accuracy for the 10 extra lbs 70% x 1650 = $1155</p><p>28% tax on the $1155 added value = $323 1155-323 = $832</p><p>$832 + 4000 [average] = $4,832 as the break even cost vs $4,000</p><p>since you the buyer are the one assuming the risk...shouldn't you be rewarded?... say $332 of the $832</p><p>832-332 = $500</p><p></p><p>So rather than the bull being worth $6,400 vs the $4,000 as the author would lead you to believe.</p><p><strong>$4500</strong> in my opinion would be the fair market value for the extra 10 lbs vs the $4,000 average bull according to my math.</p></blockquote><p></p>
[QUOTE="Son of Butch, post: 1222160, member: 14585"] Using his numbers, 10 lbs extra per calf weaned = $2400 [b]GROSS[/b] lifetime added value. But you won't realize the full $2,400 for 5 years! 6.25% interest on 2400 = $150 x 5 = $750 2400-750 = $1650 Using 70% accuracy for the 10 extra lbs 70% x 1650 = $1155 28% tax on the $1155 added value = $323 1155-323 = $832 $832 + 4000 [average] = $4,832 as the break even cost vs $4,000 since you the buyer are the one assuming the risk...shouldn't you be rewarded?... say $332 of the $832 832-332 = $500 So rather than the bull being worth $6,400 vs the $4,000 as the author would lead you to believe. [b]$4500[/b] in my opinion would be the fair market value for the extra 10 lbs vs the $4,000 average bull according to my math. [/QUOTE]
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