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The Water Cooler
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Beef Cattle Question
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<blockquote data-quote="jakeman" data-source="post: 3492341" data-attributes="member: 10690"><p>40 years ago my grand dad told me he couldn't make it if he had a land payment. </p><p></p><p>Think about that for a minute. </p><p></p><p>You're in a production business, but in order to make money, someone has to give you your most valuable and expensive raw material. </p><p></p><p>He wasn't a rancher. He grew wheat, cotton and beans and bought calves in the fall to run on the wheat and sold them in the spring. I don't know how a guy could make it these days in a cow/calf operation. It would be difficult. The land we inherited, we lease to a cousin, and he farms it and winters a few calves. I come from a farming family, but those guys are all dead now. It's a lot easier to make money doing something else, and I never knew any of them or the neighbors that did it for the money. It was a way of life and a lifestyle. They weren't in it because it was making them rich. The "rich" came from the mineral rights underneath the surface. It's the way they were able to sustain the farms. Without the O&G money, they probably would have lost the land they inherited back to the bank. It's a tough business, and it's a tough life.</p></blockquote><p></p>
[QUOTE="jakeman, post: 3492341, member: 10690"] 40 years ago my grand dad told me he couldn't make it if he had a land payment. Think about that for a minute. You're in a production business, but in order to make money, someone has to give you your most valuable and expensive raw material. He wasn't a rancher. He grew wheat, cotton and beans and bought calves in the fall to run on the wheat and sold them in the spring. I don't know how a guy could make it these days in a cow/calf operation. It would be difficult. The land we inherited, we lease to a cousin, and he farms it and winters a few calves. I come from a farming family, but those guys are all dead now. It's a lot easier to make money doing something else, and I never knew any of them or the neighbors that did it for the money. It was a way of life and a lifestyle. They weren't in it because it was making them rich. The "rich" came from the mineral rights underneath the surface. It's the way they were able to sustain the farms. Without the O&G money, they probably would have lost the land they inherited back to the bank. It's a tough business, and it's a tough life. [/QUOTE]
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