Re: OT young guy's rant

Posted by JMS/MN on December 31, 2005 at 18:41:42 from (204.73.106.15):

In Reply to: OT young guy's rant posted by Rich Iowa on December 31, 2005 at 13:30:48:

If you like working with animals more than growing crops- buy the feed!!!!Think about it- major companies growing turkeys, chickens, hogs, beef, eggs- do they own land? Why not- because they know farmers will bust their butts working to make land payments, subsidizing the farm to keep ownership, and sell the crop under cost of production. Because we like doing what we do. If you still want to own land, it is always too exspensive for the average farmer to buy. Seth is right- renting land gives you a small margin of profit. I've rented land for over 30 years- always figured a 30-50 dollar per acre margin, without figuring real total costs, like machinery, part of which would be charged to the livestock operation. But I like land more than animals, so always justified the situation. Pure dollar wise-----cheaper to buy the feed. But if you start running any land, you are in a never-ending spiral. Years ago, university experts told us that we don't need to own assets, just control them- ie, rent, lease, etc. Food companies do that- they don't own land, they just buy the commodities cheaply and hire someone to feed them. SF magazine likes stories about young farmers feeding gazillion birds, etc. They think they are farming. They are just shoveling xxIT for a different banker! If you have experience in dairy, like working 24/7/365- might be the thing for you by buying the feed. Best return on investment. Or a variety of niche markets for whatever you like to produce. Remember to consider family wishes, assets, needs when you embark on a lifelong journey, and best of luck.

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• Re: OT young guy's rant JMS/MN 18:48:48 12/31/05 (0)

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