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My Yearly Cattle costs are 55 cents/day/cow in Texas, What am I doing wrong?
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<blockquote data-quote="wbvs58" data-source="post: 1728459" data-attributes="member: 16453"><p>I agree with CB if your gonna do the numbers everything should be included, the generator might only use 2 gallons a year but it should have an oil change every year as well as being depreciated, fuel and maintenance, depreciation on the tractor/ truck to put the hay out.</p><p>I find nothing wrong with how Texas is enjoying his cattle, he is a low input operation. How old are those calves when you sell them at that weight? It sounds a bit on the light side to me and suggests that maybe you could spend a bit more money on some fertilizer in summer.</p><p>I class myself unashammably as a hobby farmer, I don't keep any financial records nor do a tax return. I don't claim back the 10% goods and services tax from the government so I pay my way keeping my government in the manner to which they are accustommed. I judge how I am going by the balance in my bank account and how often I have to add to it to top it up from my limited resources but then I'm not going to live forever and at the moment with our cattle prices and good season I think it might have added another 5 years to how long I can live for. I love what I do, certainly the best years of my life.</p><p>When I retired I just did not want to keep financial records anymore, my goal was to disappear off the planet as far as the tax office was concerned and I think I have achieved that. I know if I did have to do a tax return they would owe me a lot more than I owed them but I am happy it keeps them at bay.</p><p></p><p>Ken</p></blockquote><p></p>
[QUOTE="wbvs58, post: 1728459, member: 16453"] I agree with CB if your gonna do the numbers everything should be included, the generator might only use 2 gallons a year but it should have an oil change every year as well as being depreciated, fuel and maintenance, depreciation on the tractor/ truck to put the hay out. I find nothing wrong with how Texas is enjoying his cattle, he is a low input operation. How old are those calves when you sell them at that weight? It sounds a bit on the light side to me and suggests that maybe you could spend a bit more money on some fertilizer in summer. I class myself unashammably as a hobby farmer, I don't keep any financial records nor do a tax return. I don't claim back the 10% goods and services tax from the government so I pay my way keeping my government in the manner to which they are accustommed. I judge how I am going by the balance in my bank account and how often I have to add to it to top it up from my limited resources but then I'm not going to live forever and at the moment with our cattle prices and good season I think it might have added another 5 years to how long I can live for. I love what I do, certainly the best years of my life. When I retired I just did not want to keep financial records anymore, my goal was to disappear off the planet as far as the tax office was concerned and I think I have achieved that. I know if I did have to do a tax return they would owe me a lot more than I owed them but I am happy it keeps them at bay. Ken [/QUOTE]
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My Yearly Cattle costs are 55 cents/day/cow in Texas, What am I doing wrong?
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