I think a good cattleman would look at the last few years as a gift from God. Now its time for a reality check. The party's over, time to go home. Most beef guys will tell you about how many years the have just hung on. Never seen big profits in my experience. If you add the last ten years together then divide I am not sure I have ever made much. Lots of assets, very little cash on hand. Always chuckle when a dairy farmer cries about bleeding red ink. I ask him how it feels to be like a beef farmer. We have always had to run on a tight budget. I run on VERY little borrowed money, and try to pay cash for operating. This will make riding out a dropping market much easier. I think selling to niche markets such as grass fed might be a good option for some of us. This doesn't work for large guys, but for 100 head or less maybe.
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Today's Featured Article - Farmall 460: That's My Girl - by LeAnn R. Ralph. How many sounds can you think of that are as familiar to you as your own breathing? What about the hum of your refrigerator? Or the thump of your clothes dryer? Maybe the engine of your car? You hear those sounds every day, and you don't think much about them, do you. I can think of a few common, ordinary sounds in my daily life, too.
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