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Re: Dairy farm at my age?
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Posted by Jerry/MT on October 09, 2003 at 19:30:14 from (206.231.182.238):
In Reply to: Dairy farm at my age? posted by Larry on October 08, 2003 at 19:10:59:
Larry,
I'm also 61 and I worked as a propulsion engineer & engineering manager for a major aircraft company for 34+ years and I always wanted to ranch. I've had small ranches for over 25 years and my wife and I are now developing a small cattle ranch in Montana. I believe that you can do whatever you really want to do. Having said that, you need to look at the investment side of things and realize what you are getting into financially. There is a lot of up front investment in agriculture and the best you can hope for is a 4-6% ROI(Return on Investment). So you gotta' be doin' it for the lifestyle 'cuz you kin' put yer dollars in some pretty solid investments and make more than 4-6 % without lifting a finger or rollin' the dice with weather and markets, to say nothing of government regulations and the sheer physical labor involved.Knowing all of that, I still did it and I have no regrets. Take that back, I do have one. I shoulda' done it sooner! Make an informed decision and it'll be the right one. Good Luck!
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