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<blockquote data-quote="Jogeephus" data-source="post: 488540" data-attributes="member: 4362"><p>Interesting post. I'm glad I'm just a farmer and not a rancher who relies solely on cattle income for a living. Cattle are just one commodity I produce and I do not rely soley on them to buy my vehicles and equipment. Granted, cows do not bring in the income that I would like but what commodity does? Nonetheless, cattle are relatively easy to manage and do not demand a tremendous amount of time or energy to produce. In my situation, cattle compliment other areas and can be used as tools in themselves. </p><p></p><p>While I am not foolish enough to think with today's land prices you can boot-strap your way to richs in the cattle business. In my opinion, a successful farm or ranch must be diversified. Let one element compliment another. Managing all of your resources to the fullest is the only way you are going to make a living off the land. Today, I have more land and cattle than I did last year and I have very little debt. I also have several hundred rolls of surplus hay. As I see it, I gained wealth. May have lost money but I'm wealthier for it. To me, its not about cash. Its about maintaining the land and doing the best I can with it. If it was all about cash, I'd liquidate my cattle, sell the all the hay and equipment and bust the land up and sell every bit of it in the first quarter of a new year and move down to Costa Rica and live like decadent royalty rather than working like a share-cropper for the government.</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 488540, member: 4362"] Interesting post. I'm glad I'm just a farmer and not a rancher who relies solely on cattle income for a living. Cattle are just one commodity I produce and I do not rely soley on them to buy my vehicles and equipment. Granted, cows do not bring in the income that I would like but what commodity does? Nonetheless, cattle are relatively easy to manage and do not demand a tremendous amount of time or energy to produce. In my situation, cattle compliment other areas and can be used as tools in themselves. While I am not foolish enough to think with today's land prices you can boot-strap your way to richs in the cattle business. In my opinion, a successful farm or ranch must be diversified. Let one element compliment another. Managing all of your resources to the fullest is the only way you are going to make a living off the land. Today, I have more land and cattle than I did last year and I have very little debt. I also have several hundred rolls of surplus hay. As I see it, I gained wealth. May have lost money but I'm wealthier for it. To me, its not about cash. Its about maintaining the land and doing the best I can with it. If it was all about cash, I'd liquidate my cattle, sell the all the hay and equipment and bust the land up and sell every bit of it in the first quarter of a new year and move down to Costa Rica and live like decadent royalty rather than working like a share-cropper for the government. [/QUOTE]
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