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what I've learned so far about cattle business
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<blockquote data-quote="farmerjohn" data-source="post: 338741" data-attributes="member: 2593"><p>It's fine to ask and learn. We are trying to help you realize that 95% or beef producers do not make a living at it full time. </p><p></p><p> The latest data I have read shows that the average cow-calf producer makes $100 profit per calf. So how many will you have to have to make a living?</p><p></p><p>I have been raising cattle for 30 years. The land and cattle are paid for. So is all of the equipment. I have over $150,00 invested in equipment, probably $50,000 in cattle and $400,00 in the land. It was all paid for with off farm income. If I could make a full time living at it, I would. I could sell all of this stuff and invest the money in a bank and make a lot better return on my investment.</p><p>I stay in for several reasons. One, I love the land and cows. Two, when I retire this is where I will be full time.</p><p>Most of us here dream about being full time producers, but it's hard to do in this day and time.</p></blockquote><p></p>
[QUOTE="farmerjohn, post: 338741, member: 2593"] It's fine to ask and learn. We are trying to help you realize that 95% or beef producers do not make a living at it full time. The latest data I have read shows that the average cow-calf producer makes $100 profit per calf. So how many will you have to have to make a living? I have been raising cattle for 30 years. The land and cattle are paid for. So is all of the equipment. I have over $150,00 invested in equipment, probably $50,000 in cattle and $400,00 in the land. It was all paid for with off farm income. If I could make a full time living at it, I would. I could sell all of this stuff and invest the money in a bank and make a lot better return on my investment. I stay in for several reasons. One, I love the land and cows. Two, when I retire this is where I will be full time. Most of us here dream about being full time producers, but it's hard to do in this day and time. [/QUOTE]
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