Re: Am I being wise, or stupid???

Posted by B-maniac on November 18, 2006 at 14:02:02 from (207.241.134.218):

In Reply to: Am I being wise, or stupid??? posted by Luke S on November 18, 2006 at 07:34:25:

Not being negative here,just a few questions to ask yourself. You say you get 2000 small bales a year off your 50 acres,right? You say it was all sold within 30 days of baling. What is the "new" barn going to do to make you money the rest of the year. If the hay sells that quick and your mother is a guaranteed sale also,then I don't see any hay in your posession from Sept. to May. The harvest til sale time is so short that I don't see where covering it with sheet plastic wouldn't be practicle. If you get more acres to bale so you could be the sole supplier to your mother (5000 bales)then I could see building the barn because you would have to store her winter usage. As it is you can store 400 bales in the barn and stack and cover the rest,but in your own words,it will all be gone in 30 days! Where's the need for a large barn that will have no hay in it for 6 to 8 mos. of the year? Still pay taxes on it all year. My opinion on the issue is this; If you want the barn for other things , that is fine. If the short term summer hay storage is , in your mind, sufficient to pay for this barn then fine. I say go ahead and build it. If the short term hay storage is the only issue.then I say there are a lot better and cheaper solutions to it.
The other question I have is this. You state that if you had the barn , it would "allow" you to make more square bales to be your mothers sole supplier and make $17,500. You have 50 "good hay acres. You make 2000 bales a yr. Where are the other 3000 bales comming from to make the 5000 that your mother uses? The $7000 a yr. (gross) that you are now selling does not afford a barn,nor in my opinion need it. Don't build on "projections" in farming. If you are guaranteed 5000 bales from somewhere , build it. By the way,I also applaud you at your age for the progress you have made.Good luck with the pragnancy and the new baby when arrives. Life will change,but for the better,you will see. Good Luck.

Replies:

• Re: Am I being wise, or stupid??? Luke S 14:10:35 11/18/06 (1)
  • Re: Am I being wise, or stupid??? B-maniac 14:15:15 11/18/06 (0)

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