Getting BIGGER

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Randi
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Getting BIGGER

Postby Randi » Tue Mar 06, 2018 11:14 pm

Well, it looks like we made a deal to buy another 6 quarters (960 acres) and lease another 5 quarters(800 acres). It's pretty exciting.....and a bit scary. This will take our herd from around 300 mama cows to somewhere in the neighbourhood of 450!

Looking at the payments, we are trying to figure out the most cost effective way to increase. I think we are going to take at least half of the cows on lease from a friend that wants to step back a bit. The cost of the lease should be about half of what a payment for buying the same cow would be. But, we don't own the cows, so that income is lost.

The cows are Horned Hereford, bred back Hereford for this year. We will be breeding them Shorthorn and Charolais in the future....we need to buy 4-5 new bulls...

Lease agreement is to pay 14% of the value of the calf crop back to the owner, he supplies the cows, we supply everything else, vaccination, bulls, vet costs and feed costs. Only thing we have to figure out yet, is how much we are going to have to pay above the 14% for the cost of wintering the cows, as normally we would take the cows on in the fall.

Looking at buying the other half. Hopefully we can make it work to buy bred cattle, rather than pairs as that is the cheaper way to go. But, we are getting pretty close to the point where the breds we want will have to be pairs...lol. Likely be looking at Red and Black, Angus x cows.

This will change things for how we manage the herd a bit, looking at moving calving back a bit. Thinking that we will Synch all the replacement heifers, and the top 100 - 150 cows to continue calving Mar 10. We will synch using bulls, as we did last year, so far we are fairly happy with that. These cows and heifers will be bred Red Angus and Shorthorn with the intention of producing replacement females. Then, we will turn the Charolais bulls with everything for Mar 20, with a 50-60 day breeding window, which should have calving wrapping up around May 1.
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Bullitt
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Re: Getting BIGGER

Postby Bullitt » Tue Mar 06, 2018 11:18 pm

Congratulations!

That is exciting!
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wbvs58
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Re: Getting BIGGER

Postby wbvs58 » Wed Mar 07, 2018 3:41 am

Sounds like a good move Randi. When I was younger I always reckoned a bit of debt kept me honest and working.

Ken
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Nesikep
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Re: Getting BIGGER

Postby Nesikep » Wed Mar 07, 2018 3:41 am

Congrats! hope it all works out and the pencil has something left after you finish sharpening it!
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ddd75
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Re: Getting BIGGER

Postby ddd75 » Wed Mar 07, 2018 7:32 am

sounds like a good choice and a great future.

congrats.
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farmerjan
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Re: Getting BIGGER

Postby farmerjan » Wed Mar 07, 2018 10:00 am

Wow a good size increase. Good luck. Hope you can get it to pencil out like you think. I don't know much about taking any on lease, but you have the experience with your current 300 cows so you ought to do fine.
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slick4591
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Re: Getting BIGGER

Postby slick4591 » Wed Mar 07, 2018 10:27 am

Best of luck with them!
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Workinonit Farm
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Re: Getting BIGGER

Postby Workinonit Farm » Wed Mar 07, 2018 10:41 am

Wow! Congrats! I hope it works out well for you.
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Silver
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Re: Getting BIGGER

Postby Silver » Wed Mar 07, 2018 11:13 am

Congratulations Randi, it will be a great investment.
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