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The Water Cooler
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Beef Cattle Question
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<blockquote data-quote="Roy14" data-source="post: 3491545" data-attributes="member: 41855"><p>OSU has weekend classes on a myriad of topics related to the cattle industry. TCU Ranch Management has a great program if you want a diploma’d education. Visit your local Farm Service Agency and NRCS. They have various socialist programs that will help you get started. Past that, my only advice is find an avenue to sell your product somewhere other than the sale barn. On average your small time farmer profits $100/hd at the sale barn, and the packers profit ~$600/hd. It’s rigged, like every other market. Seed stock and show calf operations seem to do well if you can get involved in the right circles of people. Luxury meat like Wagyu and Kobi has taken off but the entrance cost is 10x the amount per head of a commercial black cow, so you’ll want plenty of insurance. Outfits that are vertically integrating and bringing the final processed product to market as all natural or organic (there’s a big difference) are seeing higher returns but the labor and equipment cost is significant. </p><p></p><p>Long Story Short: if you’re a “Have”, hire a good ranch manager who’s well versed in all this and he’ll pay for himself in short order. </p><p>If you’re a “Have Not” then it’s a great lifestyle, but I’d look at it as a supplementary part time income (or lack thereof) that is a more fulfilling way to fill ones time than most things, and may eventually be something worth leaving to your kids in the future.</p></blockquote><p></p>
[QUOTE="Roy14, post: 3491545, member: 41855"] OSU has weekend classes on a myriad of topics related to the cattle industry. TCU Ranch Management has a great program if you want a diploma’d education. Visit your local Farm Service Agency and NRCS. They have various socialist programs that will help you get started. Past that, my only advice is find an avenue to sell your product somewhere other than the sale barn. On average your small time farmer profits $100/hd at the sale barn, and the packers profit ~$600/hd. It’s rigged, like every other market. Seed stock and show calf operations seem to do well if you can get involved in the right circles of people. Luxury meat like Wagyu and Kobi has taken off but the entrance cost is 10x the amount per head of a commercial black cow, so you’ll want plenty of insurance. Outfits that are vertically integrating and bringing the final processed product to market as all natural or organic (there’s a big difference) are seeing higher returns but the labor and equipment cost is significant. Long Story Short: if you’re a “Have”, hire a good ranch manager who’s well versed in all this and he’ll pay for himself in short order. If you’re a “Have Not” then it’s a great lifestyle, but I’d look at it as a supplementary part time income (or lack thereof) that is a more fulfilling way to fill ones time than most things, and may eventually be something worth leaving to your kids in the future. [/QUOTE]
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