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Beginners Board
What should kids pay for expenses?
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<blockquote data-quote="iowafarmer" data-source="post: 589686" data-attributes="member: 7792"><p>my dad got me started young. He paid for the calf but i had to pay him back for it when i sold it and he would pay for feed and meds in exchange for me helping with chores and harvest and around the yard and house. After 1 i got two as i got older and could do more, like drive the tractor and do field work. Then i had enough money that i bought 6 and sold them and paid for the feed and yard fee and meds. Then kept increasing till i was up to 16 head then i bought a truck adn now im back down to 8. I backrounded the last couple of groups casue i could do two groups a year with backrounding. Bought them around 250lbs and sold them at around 500lbs. sold one group in january and the other group in early june late may. great way to let your kids make money for a vehicle or college while teaching them how to manage a business and work.</p></blockquote><p></p>
[QUOTE="iowafarmer, post: 589686, member: 7792"] my dad got me started young. He paid for the calf but i had to pay him back for it when i sold it and he would pay for feed and meds in exchange for me helping with chores and harvest and around the yard and house. After 1 i got two as i got older and could do more, like drive the tractor and do field work. Then i had enough money that i bought 6 and sold them and paid for the feed and yard fee and meds. Then kept increasing till i was up to 16 head then i bought a truck adn now im back down to 8. I backrounded the last couple of groups casue i could do two groups a year with backrounding. Bought them around 250lbs and sold them at around 500lbs. sold one group in january and the other group in early june late may. great way to let your kids make money for a vehicle or college while teaching them how to manage a business and work. [/QUOTE]
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What should kids pay for expenses?
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