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Who's breaking even or better?
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<blockquote data-quote="Stocker Steve" data-source="post: 488877" data-attributes="member: 1715"><p>We try to separate the return from different operations, and do a net worth calculation, each year.</p><p></p><p>We have a preconditioning operation, a grazing operation, a freezer beef operation, and a cropping operation.</p><p></p><p>We usually make money on spring preconditioning, but the main goal is to have cattle ready for grass. We use sell - buy calculations and try to buy cattle that will upgrade.</p><p>We have always made money on grazing and freezer beef, but the freezer beef operation is only a couple head per year. We had a very low investment (leased land and financed cattle) when we started our bootstrapping our way up which gave a very good return on equity. We purchased some land last year and the banker asked why we don't invest more in ranching. Had to think a while on that one...</p><p>I buy used equipment and patch it up, or hire custom work, and/or rent tractors. Even so - - cropping is an easy place to lose money in our area so we don't do it except to renovate pastures. Feed has been cheap until this year when we had the driest summer since the mid 70s.</p><p></p><p>I think making a profit is mostly a function of where you invest your time and money.</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 488877, member: 1715"] We try to separate the return from different operations, and do a net worth calculation, each year. We have a preconditioning operation, a grazing operation, a freezer beef operation, and a cropping operation. We usually make money on spring preconditioning, but the main goal is to have cattle ready for grass. We use sell - buy calculations and try to buy cattle that will upgrade. We have always made money on grazing and freezer beef, but the freezer beef operation is only a couple head per year. We had a very low investment (leased land and financed cattle) when we started our bootstrapping our way up which gave a very good return on equity. We purchased some land last year and the banker asked why we don't invest more in ranching. Had to think a while on that one... I buy used equipment and patch it up, or hire custom work, and/or rent tractors. Even so - - cropping is an easy place to lose money in our area so we don't do it except to renovate pastures. Feed has been cheap until this year when we had the driest summer since the mid 70s. I think making a profit is mostly a function of where you invest your time and money. [/QUOTE]
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