United Country Real Estate 2nd Edition 2022

~Buy Second hand Equipment When it comes to essential farm equipment, such as barns, trailers and corral systems, consider buying used ones. Depending on who you deal with, you could also agree on alternative financing options, like trading. This strategy can help you save costs by avoiding brand-new items when there are used, well functioning ones available. Consider joining a reputable cattle marketing alliance that offers a community of farmers near you. You can share equipment and resources as well as exchange trade ideas to improve each other’s ranch business. sharing corn and sunflower stalks with other farmers. You could buy them for cheap and use them as natural feeds instead of getting expensive commercial feeds. ~Contain Cattle in Small Land Portions Minimizing the land your cattle used to graze maximizes your ranching profitability. It helps reduce unwanted plants from growing across ~Network With Other Ranchers ~Share Corn and Sunflower Stalks Reduce grazing costs by

for your ranch’s situation. Reduce Land and Labor Costs When it comes to cattle operations, land and labor take up most of your expenses in running a profitable cattle ranch business. Costs associated with your land include fencing initiatives, water trough repairs, buying mineral rights, and your property tax status. Meanwhile, labor costs include salaries and benefits for workers that ensure your ranch operates smoothly. Even small, family-run ranches spend on labor, as there is a lot of work required to take care of cattle and your land. A cattle operation should have a strong foundation in order to achieve profitability. Consequently, it is essential to take measures that can help you reduce your ranching expenses without compromising the quality of your cattle or your land. Some strategies to reduce your overall costs include: ~Rent Equipment Review your ranch’s short term expenses and seasonal responsibilities. Perhaps you only need a certain piece of equipment for a few weeks. Consider renting it instead of paying for maintenance costs.

your property and increases grazing efficiency. Invest in High-quality Cattle Although cutting costs is critical to success, be sure not to compromise on quality. Shelling out significant amounts may be a necessary investment for a profitable cattle ranch. For instance, the Noble Research Institute reported that investing $750 on a good bull could net you an additional $1,475 per bull every year. When buying cattle and bulls, go for the ones with good genes. These cows usually have accelerated growth rates, making them heavier more quickly, which reduces your input and labor. Temperament is another factor to consider when choosing cows to breed. Control Cattle Feed Expenses Grazing cows exclusively may be the most lucrative strategy for some ranchers. This way, they can save on feeds, which have been consistently rising. According to a recent study under the Center for Commercial Agriculture under Purdue University, corn prices have grown from $6.00 per bushel in January to $7.75 per

bushel in mid-April 2022. These rising prices increase the feeding cost and reduce cattle finishing net returns. Utilizing a combination of grazing and feeding could make sense for your ranch. For instance, farmers who grow hay can convert their land into pasture, renewing the ground and feeding their cattle at lower costs. Meanwhile, farmers who do not grow hay can propose to other farmers who do (via their network) that they graze their cows for mutual benefit. Explore your options to cut costs on steadily increasing cattle feed. Start Your Own Cattle Ranching Journey Understanding how to make the cattle ranch profitable lies in understanding your costs and being efficient in your strategies. Review your ranch’s expenses and find ways to reduce them without compromising quality. At the same time, be sure that your cattle are well-fed and healthy, so they can grow optimally and produce high yields. When you have a handle on these factors, you’ll be well on your way to profitability.