Making a Livin'

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Re: Making a Livin'

Post by backhoeboogie » Thu Sep 13, 2018 7:32 pm

skyhightree1 wrote:If you have a kid that goes to college making a living wouldn't even cover a community college.


Thankfully I am past that.


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Re: Making a Livin'

Post by sstterry » Thu Sep 13, 2018 7:37 pm

skyhightree1 wrote:
sstterry wrote:
skyhightree1 wrote:It's easy to get numbers thrown at you. I am a person that is coming down off a couple hundred head. My personal lifestyle I can't make a living off of them at today's prices. I don't have a extravagant lifestyle. If you want numbers for me personally I'd need 500 Mama's to make a living being serious.

Sky,
You could make a living selling hams! :D


Yes sir, That I could do. :D

Put me on your mailing list to order one!

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Re: Making a Livin'

Post by Lucky » Thu Sep 13, 2018 7:41 pm

skyhightree1 wrote:
Lucky wrote:I thought we were talking about making a living not maintaining a life style we worked hard to build. I’d say 100-150 would maintain that.


8.00hr is making a living. Being comfortable and having cushion for a rainy day isn't maintaining a lifestyle it's being smart. If you have a kid that goes to college making a living wouldn't even cover a community college.


I can agree with that. Everyone lives differently, what some consider allot is pennies to others. I didn’t say 750 cows would make a man rich, I just think that’s what it would take to live comfortably and be able to operate year after year for the long haul.

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Re: Making a Livin'

Post by sstterry » Thu Sep 13, 2018 7:46 pm

$8.00 an hour x 100 hours per week is only $800, less taxes Medicare, Medicaid, property tax..ect. Tell me you can live on that if you can even work those hours.

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Re: Making a Livin'

Post by backhoeboogie » Thu Sep 13, 2018 7:48 pm

Brute 23 wrote:Its more of a question of how much land and/or equipment do you need to inherit or how much money do you need to make else where to ride out your days with cattle. I don't think its possible to start from scratch and live off cattle.

Even if its all paid for... you would be getting by more than living off the cattle IMO.


I do have 28 acres in Marshall I inherited. I just pay taxes in it. Nephews deer hunt it and it adjoins their family places.

I’m on the downside Brute. Property taxes. House and car insurance. (We have too many trucks and too many houses) We are both still working. Probably 8 more years gathering moss.

All the debts of my youth are behind me. I don’t have to have the $50K. But we can live on it.
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Re: Making a Livin'

Post by Jogeephus » Thu Sep 13, 2018 7:51 pm

Real money is in hay. Sell a million rolls of hay at $50/roll and you'll have $50,000,000. If you can't live comfortably off $50,000,000 you've got both a drug and gambling problem. This farming and cattle business is easy if you'll just put a pencil to it. :hide:
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Re: Making a Livin'

Post by skyhightree1 » Thu Sep 13, 2018 7:52 pm

sstterry wrote:
skyhightree1 wrote:
sstterry wrote:Sky,
You could make a living selling hams! :D


Yes sir, That I could do. :D

Put me on your mailing list to order one!


Lol there still sweating I just checked them



Image
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Re: Making a Livin'

Post by skyhightree1 » Thu Sep 13, 2018 7:54 pm

sstterry wrote:$8.00 an hour x 100 hours per week is only $800, less taxes Medicare, Medicaid, property tax..ect. Tell me you can live on that if you can even work those hours.


:lol2:
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Re: Making a Livin'

Post by skyhightree1 » Thu Sep 13, 2018 7:54 pm

backhoeboogie wrote:
skyhightree1 wrote:If you have a kid that goes to college making a living wouldn't even cover a community college.


Thankfully I am past that.


Unfortunately I am not
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Re: Making a Livin'

Post by skyhightree1 » Thu Sep 13, 2018 7:56 pm

Jogeephus wrote:Real money is in hay. Sell a million rolls of hay at $50/roll and you'll have $50,000,000. If you can't live comfortably off $50,000,000 you've got both a drug and gambling problem. This farming and cattle business is easy if you'll just put a pencil to it. :hide:


Or a problem staying out of brothels
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Re: Making a Livin'

Post by Brute 23 » Thu Sep 13, 2018 8:01 pm

skyhightree1 wrote:
sstterry wrote:$8.00 an hour x 100 hours per week is only $800, less taxes Medicare, Medicaid, property tax..ect. Tell me you can live on that if you can even work those hours.


:lol2:


$8 doesn't clear the poverty level 2018. You have to be like $15 or so.
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Re: Making a Livin'

Post by holm25 » Thu Sep 13, 2018 8:09 pm

250-300 pairs...

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Re: Making a Livin'

Post by True Grit Farms » Thu Sep 13, 2018 9:50 pm

A buck deer has at least twice the value of a cow. Some deer hunters are a pain in the neck but most have plenty of money to spend on hunting. Personally I can't see having any more cows than you can care for yourself and for us it's around a 100 pairs. Around here there's more money in pine straw and deer hunting than cattle. But my wife tells me regularly, you'll get fat, lazy and have nothing to do if you sell all the cattle. Sometimes I'd sure like to try it and see.
If we'd of know this we'd of picked our own cotton.

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Re: Making a Livin'

Post by Till-Hill » Thu Sep 13, 2018 10:14 pm

2 little kids at home, wife has her own business but house/acreage payment health Insurance I think I'd need 1000 cows to make a living. We dont live high on the house. Vehicles are 2012 and older. Dont go out to eat ect and I drink cheap beer and whiskey. Only money besides house I owe is shed I just built and my 16' aluminum trailer. I'll calve just about 30 next spring. Steer check this fall will pay pasture rents, feed bill for retained heifers and that's it. Nothing left to live on but next years expenses are paid and we retained 9 heifers. Balance sheet looks good but checkbook sucks!

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Re: Making a Livin'

Post by True Grit Farms » Thu Sep 13, 2018 10:40 pm

jehosofat wrote:I'm hoping to give it a whirl in a couple more years when I am built up into the 250 range, but I have zero debt. We'll see.

Hopefully you'll have time to go fishing.
If we'd of know this we'd of picked our own cotton.

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