busy weekend

The place to start if you are new!
BrandX
Cowhand
Cowhand
Posts: 42
Joined: Tue Feb 16, 2016 2:09 pm

busy weekend

Postby BrandX » Wed May 10, 2017 6:04 am

well my wife and i bought our fist piece of property back in august. it was 110 acres of mostly open and neglected land, that hand not had any fence on it in years.we paid about 1300/ac for it and started clearing fence line and building fence on half the property.this weekend we finally got to move our small herd of ten cows to the land. We also took our six calves the sale barn and sold them for less than i would have liked.1407lb black angus heifer got $1.50/lb. 4 250lb black angus hefiers brought 1.63/lb. 1 250lb black and white angus steer brought 1.83/lb. total after the sale fees was about $2,633. we have the farm leased for hunting for $1,000 a year for a total farm income of 3,600 dollars. to bad my land payment is $6,700/yr. i guess i need more cows!

Lazy M
Rancher
Rancher
Posts: 815
Joined: Fri Jan 04, 2013 3:38 pm
Location: KY

Re: busy weekend

Postby Lazy M » Wed May 10, 2017 6:23 am

Sounds to me like you got a really good price on your land and reasonable prices for your calves (especially the cow). I'm rarely satisfied either, but I think you've done well so far.

User avatar
Bigfoot
Mentor
Mentor
Posts: 10378
Joined: Mon Jan 16, 2012 6:31 pm
Location: Kentucky

Re: busy weekend

Postby Bigfoot » Wed May 10, 2017 6:30 am

I knew a guy once, that was driving to Florida and buying water melons for a dollar apiece and bringing them home and selling them for a dollar apiece. When he realized he wasn't making any money, he bought a bigger truck--------Be careful buying more cows.


Actually, I'd say your land is appreciating. Your in good shape.
A tumble bug makes a hard livin. Why? Cause that's just the way be nice is.

User avatar
TennesseeTuxedo
GURU
GURU
Posts: 9581
Joined: Sat Jul 09, 2011 7:49 pm
Location: Live in Franklin, TN farm in Warsaw, KY

Re: busy weekend

Postby TennesseeTuxedo » Wed May 10, 2017 7:14 am

BrandX wrote:well my wife and i bought our fist piece of property back in august. it was 110 acres of mostly open and neglected land, that hand not had any fence on it in years.we paid about 1300/ac for it and started clearing fence line and building fence on half the property.this weekend we finally got to move our small herd of ten cows to the land. We also took our six calves the sale barn and sold them for less than i would have liked.1407lb black angus heifer got $1.50/lb. 4 250lb black angus hefiers brought 1.63/lb. 1 250lb black and white angus steer brought 1.83/lb. total after the sale fees was about $2,633. we have the farm leased for hunting for $1,000 a year for a total farm income of 3,600 dollars. to bad my land payment is $6,700/yr. i guess i need more cows!


Those prices are good. Where do you sell your calves?
The more I read here the less I know.

User avatar
M-5
GURU
GURU
Posts: 4997
Joined: Sat Feb 14, 2015 4:41 pm
Location: AT the FLORIDA STATE line checking papers

Re: busy weekend

Postby M-5 » Wed May 10, 2017 7:34 am

White angus ??? did you get it from the UF herd?? I thought they canceled that herd dispersal last yr.
"Too often we enjoy the comfort of opinion without the discomfort of thought." JFK

User avatar
dieselbeef
GURU
GURU
Posts: 5226
Joined: Mon Sep 04, 2006 9:55 am
Location: myakka city fl

Re: busy weekend

Postby dieselbeef » Wed May 10, 2017 12:40 pm

110 acres for 135 k wasn't around the ona herd(white angus)..5 acres just down the road from me sold for 65k. it was an old tree farm. full of palms ..rundown nursery full of garbage and squatters

if you are near Myakka id like to know ya
Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe."
einstein


sooner or later im gonna be all beefmasters...probly be later

TexFarmer
Cowhand
Cowhand
Posts: 21
Joined: Tue May 09, 2017 7:57 pm

Re: busy weekend

Postby TexFarmer » Wed May 10, 2017 2:05 pm

What are you using to clear fencelines? We hired out a dozer to clear one section with too many big trees. That got expensive in a hurry. I've cleared a lot by hand. That got tiring in a hurry. Problem with my place is it's loaded with nasty thorny black locusts trees that can grow up to 6 feet per year!! I've declared war on those things but so far they are winning.

BrandX
Cowhand
Cowhand
Posts: 42
Joined: Tue Feb 16, 2016 2:09 pm

Re: busy weekend

Postby BrandX » Wed May 10, 2017 6:51 pm

we are in oklahoma and sold them locally in the city. as for clearing fence line it is mostly by hand. i have a stihl saw and a little 40hp tractor 4x4 with a loader bucket. we then pound 3in well pipe in the ground with a kencove hydraulic pounder and install 5 or 6 strands of barbwire on used t-posts every 10 foot. it cost us about .55 cents a foot.

User avatar
Rafter S
GURU
GURU
Posts: 3155
Joined: Tue Sep 17, 2013 11:13 am
Location: Grimes County, TX

Re: busy weekend

Postby Rafter S » Wed May 10, 2017 9:33 pm

Bigfoot wrote:I knew a guy once, that was driving to Florida and buying water melons for a dollar apiece and bringing them home and selling them for a dollar apiece. When he realized he wasn't making any money, he bought a bigger truck--------Be careful buying more cows.


This forum really needs a "Like" button.
"I spent half my money on wine, women, and song.....and like a fool I squandered the rest." - Benny Hill

NolanCountyAG
Trail Boss
Trail Boss
Posts: 249
Joined: Wed Aug 26, 2015 10:18 pm
Location: Nolan County TX

Re: busy weekend

Postby NolanCountyAG » Thu May 11, 2017 9:34 pm

Any reason on selling calves at 250#s? Your leaving money on the table

BrandX
Cowhand
Cowhand
Posts: 42
Joined: Tue Feb 16, 2016 2:09 pm

Re: busy weekend

Postby BrandX » Fri May 12, 2017 5:50 am

our land payment was coming due in 90 days, and the calves were already on the trailer to be moved to the new place. i figured since the prices seem to be up lately i would just sell them. maybe i should have grazed them a little longer for more weight but then if prices dropped some it might be a wash. these were hefier calves so they were just going to be a little smaller anyway. and i thought getting off the cows would help with bred back. not sure if it was right but thats what my logic was.

any idea what they may have gained in the next 60-90 days. we dont creep feed.

User avatar
dieselbeef
GURU
GURU
Posts: 5226
Joined: Mon Sep 04, 2006 9:55 am
Location: myakka city fl

Re: busy weekend

Postby dieselbeef » Fri May 12, 2017 8:05 am

I just sold a real nice 330 lb heifer here and only got the avg of 130/
Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe."
einstein


sooner or later im gonna be all beefmasters...probly be later

Katpau
Trail Boss
Trail Boss
Posts: 270
Joined: Sat Feb 28, 2009 9:25 pm
Location: Roseburg, Oregon

Re: busy weekend

Postby Katpau » Fri May 12, 2017 11:55 am

BrandX wrote:our land payment was coming due in 90 days, and the calves were already on the trailer to be moved to the new place. i figured since the prices seem to be up lately i would just sell them. maybe i should have grazed them a little longer for more weight but then if prices dropped some it might be a wash. these were hefier calves so they were just going to be a little smaller anyway. and i thought getting off the cows would help with bred back. not sure if it was right but thats what my logic was.

any idea what they may have gained in the next 60-90 days. we dont creep feed.
How old were those 250 pound calves? Around here an Angus calf that weight would be 2 to 3 months old. That seems really young to wean and sell. Some people feed bottle calves that long. You say you were grazing them. Are you saying they were already weaned? The price you quote sounds like the buyers expected some impressive growth out of those calves, so I expect they were very thin but healthy. A healthy 250 pound calf on mothers milk and good pasture should gain 2 to 4 pounds per day without creep. In 60 days I would conservatively estimate healthy calves to gain at least 120 pounds putting them at 370 which should still be at the top of the market. A healthy calf with some compensatory gain on good forage might gain 200 pounds or even more in those 60 days.

You said the heifer weighed over 1400 pounds. That would be a good sized adult in my registered Angus herd. Are you saying your 250 pound heifer calves can make 1400 pounds as yearling heifers? How old was that heifer?

You bought 110 acres at $1300 an acre or $143,000.00. Your payments are $6,700.00 per year or about 4.69% of total. That sounds like a 30 year 4% mortgage with about $25,000.00 down. I don't know that area, but it sounds like with your hard work and time that could be a profitable investment.

The weights you gave don't make sense to me. If this is for real, I would say don't get more cows until you have the place cleaned up and facilities to work them in place. See how it goes for a year with just 10 cows. Those cows should be able to nurse a calf for 6 to 7 month and breed back without problems, or you need to replace them with cows who can. If those 10 cows are unable to keep up with your forage after a year you can keep replacements or buy bred cows or pairs. It is unlikely that hunting and cows will pay your mortgage, so hopefully you have a day job that will. If 90% of your cows breed and wean a 550 pound calf you will have 4950 pounds of calf to sell next year. The market is all over, so you could get $1.00 a pound or $2.50. If we estimate $1.50 a pound that would be $7,425.00 but you will have expenses in those cows so that is not all profit. Winter feed (maybe summer feed if pastures can't keep up), vaccinations, minerals and salt, vet bills, breeding (AI? bull?). You need to pay for fencing, corrals, a squeeze, and other infrastructure. What about replacements? Will you keep back heifers meaning less animals to sell or will you spend money to buy those replacements. Without seeing your land everything is a guess. The land might support 50 cows if it is all irrigated with improved forages, or it might not support 10 cows. You may already know this, but most small operations operate in the red. In many cases the cattle are there to keep real estate taxes low. The land should appreciate in value, especially with your improvements, so it likely was a good investment. Just be sure to find a way to make those payments that does not depend on the revenue from cattle.

BrandX
Cowhand
Cowhand
Posts: 42
Joined: Tue Feb 16, 2016 2:09 pm

Re: busy weekend

Postby BrandX » Fri May 12, 2017 2:26 pm

ok I see why that's confusing. there should be a space between the on and the 4. the one heifer weighed 470 not 1470. sorry for the confusion. the 250lb calves were born late summer and early fall. I am not sure why they did not gain more but I am hoping it is due in large part to being from heifers. I do think maybe we should have held them for another 60 days, but they are gone now. we will also be implementing some kind of mineral program this year for our herd. we have already a squeeze chute crowding tub ect for facilities although we have no barns. and we will be working on getting the other 60 acres fenced in soon. yes we got a good price on our land and we have no money down with a 3.5 interest rate. yes I do have a job for the air force that pays our bills

Katpau
Trail Boss
Trail Boss
Posts: 270
Joined: Sat Feb 28, 2009 9:25 pm
Location: Roseburg, Oregon

Re: busy weekend

Postby Katpau » Fri May 12, 2017 5:02 pm

OK, 470 pounds makes more sense. Heifers will wean lighter calves and winter can make things more difficult to put weight on, but 250 pounds is still pretty light for a 3 to 4 month old calf out of a heifer. Hopefully your new place will give them a better chance at meeting their potential. If you plan to Fall and winter calve you will probably need to feed better in the winter. Grazing is unlikely to be sufficient. Before you decide to add more cows I suggest you see what others in your area are doing. Someone local with experience raising cattle under similar circumstances could probably give you some good advice. If you want those cows to pay their way you will need to get them weaning heavy calves and they should be calving every 365 days. I understand why you sold early this time, but in the future I would expect them to wean 500+ pound calves by 6 months on grass or I would look into better genetics.

Your loan confuses me. $143,000 at 3.5% over 30 years would require payments of $7700.00. So either the loan is greater than 30 years or there is a balloon payment at some point. I am impressed you could negotiate such a low rate on a longer term contract. Perhaps this is a short term contract with a big balloon payment.


Return to “Beginners Board”

Who is online

Users browsing this forum: No registered users and 2 guests