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Post by backhoeboogie on Sept 19, 2019 19:29:34 GMT -6
It's pretty sad. I wish the best for those folks. Dave had some positives.
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Post by texasbred on Sept 20, 2019 8:27:16 GMT -6
You're not in an argument Boogie; One simply disagreed with you when you insisted on telling everybody how much you had, how much you were worth and how profitable everything is. You never said a word back to him. Damn man. I never mentioned bullion, 401K's, IRA's, royalties or other holdings. You have no idea what I'm worth. No one does. Maybe you'll be successful some day Boogie make a note. Those that have money seldom talk about it. You on the other hand can hardly wait. But it's cheap annoying entertainment.  |
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Post by texasbred on Sept 20, 2019 8:29:41 GMT -6
It's pretty sad. I wish the best for those folks. Dave had some positives. Indeed he did and it was acknowledged. You could learn. |
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Post by backhoeboogie on Sept 20, 2019 10:02:03 GMT -6
It's pretty sad. I wish the best for those folks. Dave had some positives. Indeed he did and it was acknowledged. You could learn. You've got a big advantage over me TB. You can kiss my ass and I can't. |
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Post by cowrancher75 on Sept 20, 2019 15:35:46 GMT -6
they all listen to the media and are doom and gloom.. just like they want them to be.
happiness is a bad thing.
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Post by alacowman on Sept 20, 2019 15:59:58 GMT -6
they all listen to the media and are doom and gloom.. just like they want them to be. happiness is a bad thing. When folks ain't happy, they don't want anybody happy... |
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Post by cowrancher75 on Sept 21, 2019 4:53:24 GMT -6
bball can't understand why he can't make 10k/ac land work for cattle.. why?? oh why???
probably b/c even that 10k/ac land (I have nice crop ground land as well) ... that 10k/land can still only support about 3 cows to the acre year round. if you bring them feed and keep them locked you might be able to squeeze it down to 2 cows to the acre. It just doen'st grow enough in the corn belt.. I rotational graze everyday and I am still feeding around 8 months of the year. its just too wet, too muddy.. and the soils are endless so there is no bottom. it is not cattle country unless you are a dairy. now.. most cattle country you can get for an average of about 3k/ac.. now you can run 3x as many cows and only feed them a couple months of the year vs. 8 months.!!
WOW MIND BLOWN
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Post by backhoeboogie on Sept 21, 2019 5:18:46 GMT -6
The break point is around $3,000 an acre if it's good farm land and you have cattle to put on it. Maybe $3500. Low interest rates make it work.
I had googled land in Oklahoma. 985 or so hits. Many of them wouldn't work. But there were some that would work. Then the naysayers piped in.
Southeastern Oklahoma has a decent climate. Rain.
There are people making it work for them.
Location location location. It's a bit too far for me to keep my day job and operate that far from home.
I haven't found anything in my immediate area. I have found a couple of prospects 2 hours away.
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Post by cowrancher75 on Sept 21, 2019 6:50:04 GMT -6
yea i've found several farms that can make it work and cash flow easily. More avenues of income from a lot of these farms almost pay the mortgage. cattle would be a lot of extra $$$$ on top. I'm liquidating all my assets here and moving to cattle country and going at it full time. Already have some good connections in place and the bank told me no problem @ 4.375% fixed 30 yr. I think I can get a pretty nice place for about 2500 / ac. I just found a nice place with 350 acres of bottom river land taht I could put some pivots on.
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Post by texasbred on Sept 21, 2019 18:14:01 GMT -6
Indeed he did and it was acknowledged. You could learn. You've got a big advantage over me TB. You can kiss my ass and I can't. Damn that sounds like something you'd hear on the playground. |
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Post by backhoeboogie on Sept 21, 2019 20:15:24 GMT -6
yea i've found several farms that can make it work and cash flow easily. More avenues of income from a lot of these farms almost pay the mortgage. cattle would be a lot of extra $$$$ on top. I'm liquidating all my assets here and moving to cattle country and going at it full time. Already have some good connections in place and the bank told me no problem @ 4.375% fixed 30 yr. I think I can get a pretty nice place for about 2500 / ac. I just found a nice place with 350 acres of bottom river land taht I could put some pivots on. Hopefully it turns out great. You should be able to get a slightly better rate but the one they're quoting you isn't bad. $2500 should leave you turning decent profits. Argue for a better rate. 1/4 % will make a big difference. I had to go to a 15 year loan for optimum rates but it still pencils out. Try 25 or 20 years. Try another bank. |
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Post by greybeard on Sept 21, 2019 20:20:15 GMT -6
Gonna be a lot of sad folks on resurrection day.  |
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Post by silverback on Sept 21, 2019 21:10:19 GMT -6
The break point is around $3,000 an acre if it's good farm land and you have cattle to put on it. Maybe $3500. Low interest rates make it work. I had googled land in Oklahoma. 985 or so hits. Many of them wouldn't work. But there were some that would work. Then the naysayers piped in. Southeastern Oklahoma has a decent climate. Rain. There are people making it work for them. Location location location. It's a bit too far for me to keep my day job and operate that far from home. I haven't found anything in my immediate area. I have found a couple of prospects 2 hours away. Thanks for the breakdown boogie. That was kinda my point over there; basically, location definitely matters. I know exactly why i cant make 10k acre ground work for cows. Also get tired of all the BS that all you need is good ol fashioned hardwork. No. Location actually matters. I know that. Plenty of guys dont seem to understand that though when they say you can still make it in cattle. You can if you're in the right location or have the land bought right. I appreciate the 3k benchmark BHB. That sounds mathematically more accurate. |
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Post by silverback on Sept 21, 2019 21:13:57 GMT -6
bball can't understand why he can't make 10k/ac land work for cattle.. why?? oh why??? probably b/c even that 10k/ac land (I have nice crop ground land as well) ... that 10k/land can still only support about 3 cows to the acre year round. if you bring them feed and keep them locked you might be able to squeeze it down to 2 cows to the acre. It just doen'st grow enough in the corn belt.. I rotational graze everyday and I am still feeding around 8 months of the year. its just too wet, too muddy.. and the soils are endless so there is no bottom. it is not cattle country unless you are a dairy. now.. most cattle country you can get for an average of about 3k/ac.. now you can run 3x as many cows and only feed them a couple months of the year vs. 8 months.!!
WOW MIND BLOWNGlad I could help you out there champ! |
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Post by cowrancher75 on Sept 22, 2019 11:54:01 GMT -6
yea i've found several farms that can make it work and cash flow easily. More avenues of income from a lot of these farms almost pay the mortgage. cattle would be a lot of extra $$$$ on top. I'm liquidating all my assets here and moving to cattle country and going at it full time. Already have some good connections in place and the bank told me no problem @ 4.375% fixed 30 yr. I think I can get a pretty nice place for about 2500 / ac. I just found a nice place with 350 acres of bottom river land taht I could put some pivots on. Hopefully it turns out great. You should be able to get a slightly better rate but the one they're quoting you isn't bad. $2500 should leave you turning decent profits. Argue for a better rate. 1/4 % will make a big difference. I had to go to a 15 year loan for optimum rates but it still pencils out. Try 25 or 20 years. Try another bank.
i've seen better rates on houses on 10 acres or less but when your talking a million+ loan on land with possibly no house i've never heard of better. 15 vs. 30 .. i'll take 30 everytime for tax purposes and affordability of payment for a higher priced place. you're not talking hundreds per month difference, you're talking thousands.
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