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<blockquote data-quote="IndianCreekcowboy" data-source="post: 1334546" data-attributes="member: 725"><p>Well I started with darn near nothing. Even though I grew up with my parents and Grandfather owning Land & Cattle. In 1998 I completed College and came back home. I owned nothing, no land, no equipment, was leasing a truck (DUMB); and had a student loan to repay. I was given a 4 year old bred cow as gift/incentive for completing college and helping my parents on their farm. She soon had a heifer calf, in fact she had 7 straight heifer calves every January. This is how and where I got my start and was on my own, I believe I had 8 total head, consisting of 3 cows and 2 breeding age heifers and 3 calves. It was time for me to find my own land and move my small herd out of my parents herd. I traded a nice rifle I had for a nice young bull to breed my cows. I married in 2000 and bought an old house that needed work and 40 acres of land, all woods. I also started to lease open land a couple of miles from our new place. I never purchased an outside cow, just breeding bulls. Fast forward -2016 The bank and I own around 300 acres of land. I still Lease the same open land from like 12 years ago. I own a few more than 100 head of cattle, and all but my 3 current breeding bulls are direct descendants of that original cow in 1998. We owe only on land. All cows, bulls, tractor, implements, equipment, tools, etc. are free of any debt. I work a Full-time job outside of farm, as well as my wife. We didn't buy another piece of land until our Original 40 ac. and home was paid for. We took small steps, Paid for a place and then bought another similar size place close by with an old house, which we fixed up and rented that house, which makes the house and land payment as well as Taxes and Ins. on that place. Then bought an adjoining 40, and so on. Best advice I will give is to pay off everything on time or early if possible. In my situation had the 2nd forty with old house been available just a year prior I probably would have had to pass because of still paying on first property. But as soon as we signed loan and fixed it up it was supporting itself, so it was still like having your primary residence paid for and the second property covering its own expenses. Which allowed us to buy additional acreage all the while building our herd slowly on Leased land.</p></blockquote><p></p>
[QUOTE="IndianCreekcowboy, post: 1334546, member: 725"] Well I started with darn near nothing. Even though I grew up with my parents and Grandfather owning Land & Cattle. In 1998 I completed College and came back home. I owned nothing, no land, no equipment, was leasing a truck (DUMB); and had a student loan to repay. I was given a 4 year old bred cow as gift/incentive for completing college and helping my parents on their farm. She soon had a heifer calf, in fact she had 7 straight heifer calves every January. This is how and where I got my start and was on my own, I believe I had 8 total head, consisting of 3 cows and 2 breeding age heifers and 3 calves. It was time for me to find my own land and move my small herd out of my parents herd. I traded a nice rifle I had for a nice young bull to breed my cows. I married in 2000 and bought an old house that needed work and 40 acres of land, all woods. I also started to lease open land a couple of miles from our new place. I never purchased an outside cow, just breeding bulls. Fast forward -2016 The bank and I own around 300 acres of land. I still Lease the same open land from like 12 years ago. I own a few more than 100 head of cattle, and all but my 3 current breeding bulls are direct descendants of that original cow in 1998. We owe only on land. All cows, bulls, tractor, implements, equipment, tools, etc. are free of any debt. I work a Full-time job outside of farm, as well as my wife. We didn't buy another piece of land until our Original 40 ac. and home was paid for. We took small steps, Paid for a place and then bought another similar size place close by with an old house, which we fixed up and rented that house, which makes the house and land payment as well as Taxes and Ins. on that place. Then bought an adjoining 40, and so on. Best advice I will give is to pay off everything on time or early if possible. In my situation had the 2nd forty with old house been available just a year prior I probably would have had to pass because of still paying on first property. But as soon as we signed loan and fixed it up it was supporting itself, so it was still like having your primary residence paid for and the second property covering its own expenses. Which allowed us to buy additional acreage all the while building our herd slowly on Leased land. [/QUOTE]
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