College Essay On Cattle Ranch
You can enter the cattle business without owning either land or cattle. You can lease land and take in pasture cattle. You can also pasture someone else’s cattle on leased land for a monthly per head fee. Once you get a reputation for paying your bills and taking good care of other people’s land, ranch lease opportunities will come to you. You won’t have to look for them.
This is an excellent way for young prospective ranchers to get into the business without having to have a lot of capital.
Don’t put more than 20% of your own capital into the ranch. Here is what it would look like (the figures are not meant to be “real” but they are meant to be “round” for simplicity and understanding of the principle:
Total Cash flow $100,000. …show more content…
Many future cattle ranchers get their start by participating in youth programs such as Future
Farmers of America (FFA) or 4-H clubs, where they have the opportunity to handle a variety of farm animals and participate in livestock shows.
The Bureau of Labor Statistics (BLS) salary survey indicates that farm and ranch managers earned a median wage of $60,750 annually ($29.21 hourly) in May of 2010. The lowest 10 percent earned less than $29,280 and the highest 10 percent earned more than $106,980. Income can vary widely based on the costs of feed, varying weather conditions, and the sale price of beef at the market.
A 2012 survey by the United States Department of Agriculture’s Economic Research Service (USDA/ERS) estimated that profitability per cow will increase significantly over the long term, rising from a current average profit of $96.11 per cow in 2012 to a $252.98 per cow profit in 2021.
People often think that things will "take care of themselves." Cattle require significant care.
People often buy small ranches only to discover that all of their free time is now devoted
This is an excellent way for young prospective ranchers to get into the business without having to have a lot of capital.
Don’t put more than 20% of your own capital into the ranch. Here is what it would look like (the figures are not meant to be “real” but they are meant to be “round” for simplicity and understanding of the principle:
Total Cash flow $100,000. …show more content…
Many future cattle ranchers get their start by participating in youth programs such as Future
Farmers of America (FFA) or 4-H clubs, where they have the opportunity to handle a variety of farm animals and participate in livestock shows.
The Bureau of Labor Statistics (BLS) salary survey indicates that farm and ranch managers earned a median wage of $60,750 annually ($29.21 hourly) in May of 2010. The lowest 10 percent earned less than $29,280 and the highest 10 percent earned more than $106,980. Income can vary widely based on the costs of feed, varying weather conditions, and the sale price of beef at the market.
A 2012 survey by the United States Department of Agriculture’s Economic Research Service (USDA/ERS) estimated that profitability per cow will increase significantly over the long term, rising from a current average profit of $96.11 per cow in 2012 to a $252.98 per cow profit in 2021.
People often think that things will "take care of themselves." Cattle require significant care.
People often buy small ranches only to discover that all of their free time is now devoted