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Re: Making a Livin'

Posted: Fri Sep 14, 2018 6:49 am
by ddd75
i'd need at least 10k cows.. I'm real fancy

Re: Making a Livin'

Posted: Fri Sep 14, 2018 7:20 am
by backhoeboogie
ddd75 wrote:i'd need at least 10k cows.. I'm real fancy



:-) :D :clap:

Are you going to hire a pilot for that chopper too ?

Re: Making a Livin'

Posted: Fri Sep 14, 2018 9:07 am
by OleScout
I've always thought and said out loud if I had 200 momma cows I would quit my day job. My lifestyle and spending habits would change without the day job but I always thought my life would be better and much much happier.

Re: Making a Livin'

Posted: Fri Sep 14, 2018 9:47 am
by okiek
I'm walking away from my day job when I hit 100 pairs. But then again, my land is all paid for (Unless I buy more) and I've spent over 30 years building my retirement check in my day job. At 100 head to supplement that check I hope to keep my standard of living the same as it is now......That's not saying a lot :)

Re: Making a Livin'

Posted: Fri Sep 14, 2018 10:24 am
by shaz
I bought a farm (173 acres) from a guy who made his living of 65 pairs. Had a small house that was paid for and drove a junk car. I combined that with the farm I already had and only run 50 pairs.

I could make a living on 100 pairs - my wife however needs more like 700 (lol)

Re: Making a Livin'

Posted: Fri Sep 14, 2018 10:27 am
by skyhightree1
shaz wrote:I bought a farm (173 acres) from a guy who made his living of 65 pairs. Had a small house that was paid for and drove a junk car. I combined that with the farm I already had and only run 50 pairs.

I could make a living on 100 pairs - my wife however needs more like 700 (lol)


So your final answer is 700 unless you want to be solo :lol:

Re: Making a Livin'

Posted: Fri Sep 14, 2018 11:41 am
by rowdyred
Well I'm fixing to get 40 heavy bred momma's, add that to my already 35, I'll have 75. Right now I teach school, I'm ready to get out. I mow yards, sell hay, have a green house. I do not want to hire anybody to help. No land payment, tractor and hay equipment paid off. Hoping 75 will pay the bills.

Re: Making a Livin'

Posted: Fri Sep 14, 2018 11:49 am
by jehosofat
True Grit Farms wrote:
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.


Oh yea, come on, I'll take ya.

Re: Making a Livin'

Posted: Fri Sep 14, 2018 12:03 pm
by skyhightree1
rowdyred wrote:Well I'm fixing to get 40 heavy bred momma's, add that to my already 35, I'll have 75. Right now I teach school, I'm ready to get out. I mow yards, sell hay, have a green house. I do not want to hire anybody to help. No land payment, tractor and hay equipment paid off. Hoping 75 will pay the bills.


I wish you luck and darn sure hope the market stays where its at or better for you. But I think your question wasn't asked properly as you never mentioned you mow yards sell hay and have a green house for income. Its a lot different when you have other sources of income than just 1 source and I think most answers given was based off of cattle were the only source.

Re: Making a Livin'

Posted: Fri Sep 14, 2018 1:31 pm
by ALACOWMAN
skyhightree1 wrote:
rowdyred wrote:Well I'm fixing to get 40 heavy bred momma's, add that to my already 35, I'll have 75. Right now I teach school, I'm ready to get out. I mow yards, sell hay, have a green house. I do not want to hire anybody to help. No land payment, tractor and hay equipment paid off. Hoping 75 will pay the bills.


I wish you luck and darn sure hope the market stays where its at or better for you. But I think your question wasn't asked properly as you never mentioned you mow yards sell hay and have a green house for income. Its a lot different when you have other sources of income than just 1 source and I think most answers given was based off of cattle were the only source.

You can't depend on the market, that's why you always want to operate like its always in a lull...reserve in the up times, so you'll be prepared in the down..

Re: Making a Livin'

Posted: Fri Sep 14, 2018 1:35 pm
by hurleyjd
okiek wrote:I'm walking away from my day job when I hit 100 pairs. But then again, my land is all paid for (Unless I buy more) and I've spent over 30 years building my retirement check in my day job. At 100 head to supplement that check I hope to keep my standard of living the same as it is now......That's not saying a lot :)


Good chance you will supplement your ranching business with your pension money.

Re: Making a Livin'

Posted: Fri Sep 14, 2018 1:48 pm
by shaz
rowdyred wrote:Well I'm fixing to get 40 heavy bred momma's, add that to my already 35, I'll have 75. Right now I teach school, I'm ready to get out. I mow yards, sell hay, have a green house. I do not want to hire anybody to help. No land payment, tractor and hay equipment paid off. Hoping 75 will pay the bills.


You're a teacher? Now I understand why you want to raise cows full time. ;-)

Re: Making a Livin'

Posted: Fri Sep 14, 2018 4:23 pm
by JMJ Farms
rowdyred wrote:Well I'm fixing to get 40 heavy bred momma's, add that to my already 35, I'll have 75. Right now I teach school, I'm ready to get out. I mow yards, sell hay, have a green house. I do not want to hire anybody to help. No land payment, tractor and hay equipment paid off. Hoping 75 will pay the bills.


I wish you the best. And I don’t want to be pessimistic or discourage you. But IF you manage to wean 75 calves and IF you clear $400/hd profit that’s only $30k. That won’t go far on it’s own. Costs a lot to live even with no debt. But if you’ve got a retirement check and benefits along with a little side income it’s doable.

One thing about putting back extra in the good times...... I put back whenever I can during the highs, but it seems the lows always know exactly what I’ve got and they get it all back. Being successful financially depends on good decisions. But one also needs a little luck along the way.

You can open a wh0rehouse but if all the customers get drafted to go fight a 5 year war you’re liable to go broke even with that venture.

Re: Making a Livin'

Posted: Fri Sep 14, 2018 4:28 pm
by bball
My wife tells me I would be money ahead if I sold ALL the cows. :yuck:

Re: Making a Livin'

Posted: Fri Sep 14, 2018 4:36 pm
by JMJ Farms
bball wrote:My wife tells me I would be money ahead if I sold ALL the cows. :yuck:


Mine is my CPA and tells me the same thing. Bad thing is, from a financial standpoint, I know she’s right. But from a non financial standpoint, they’re invaluable. They are about the only thing I do anymore that “knocks my tractor out of gear” for a while.