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brittk Member

Joined: 08 Mar 2010 Posts: 3 Location: florida
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Posted: Mon Mar 08, 2010 8:36 pm Post subject: starting a ranch. |
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First, I apoligize if this is in the wrong section.
In any case, I was wondering if there was anyone I could talk to about starting a ranch? I'm a seventeen-year-old, and yeah, I still have those rose-colored glasses on. [at least, that's what my father says] I want to become a rancher; but I have absolutely no idea how to begin. My family owns some land in Northern Florida, and we have experience raising cattle and horses - but I seriously doubt to the extent that would be needed to have a successful ranch.
I was thinking of taking classes - or getting a major - in Auburn Universisty's agricultural department. But, what classes would I need to take and would it be worth it? I'm also looking around the state(s) for summer ranching jobs, but would that help at all?
I realize that ranching probably ain't nothing but a sink-hole to put money in, but I want to at least take a shot at it before I throw the dream away. Now, I guess I got to apologize for being so darn optimistic/naive, but I guess all teenagers are like that. And, I know that this is vague and will probably bring up more questions then answers; sorry 'bout that.
I would love some feedback,
Britt
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leanin' H Rancher

Joined: 08 Nov 2007 Posts: 4095 Location: Western Utah Desert
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brittk Member

Joined: 08 Mar 2010 Posts: 3 Location: florida
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Posted: Mon Mar 08, 2010 9:33 pm Post subject: |
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| Thank you so much for the advice (: It's much appreciated!
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Clarencen Member

Joined: 07 Jan 2007 Posts: 558 Location: South Central SD
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Posted: Wed Mar 10, 2010 11:00 am Post subject: |
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Britt:
Good to know there are still some out there who would consider becoming a farmer or rancher. While many people ignore the fact, we still need people to produce our food.
You are seventeen, probably ready for college in anothe year. I would say get a good handle on economics. To run a successful ranch today requires a large investment of money. You cannot borrow money at 10% if you can only get a 4 or 5% return on your investment. There are a lot of ranchers wo try to do this.
The ranchers who are well off today either found a way to operate where they could get a better return or they put all their extra earnings into more assets, then with inflation have been able to grow in wealth.
I have learned in the past few years, now that I am older, that banks are a little more reluctant to loan money just on assets they want to make sure there is a cash flow.
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Ben H Rancher

Joined: 20 Mar 2006 Posts: 1729 Location: Gorham, ME
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Posted: Thu Mar 11, 2010 6:43 am Post subject: |
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| Knowing what I know now, if I could go back, I would have spent at least a semester in New Zealand, maybe even a year. In my opinion, if you want to learn the future of how to be profitable, how to survive without subsidies, learn from the Kiwis, they get it.
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flyingS Member

Joined: 12 Oct 2009 Posts: 446 Location: Northern Sandhills Just East of Soapweed
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Posted: Thu Mar 11, 2010 11:15 am Post subject: |
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| Britt, I hear ya. Don't listen to the BS about how it is a dead end road. While you have the opportunity focus on economics and range management if you can. I strongly believe that a great cowman with a good set of cows can go broke but a good manager with a average set of cows will find a way to make it work. Don't just limit your education to college, attend as many seminars and meeting as you can. There is alway something that can be learned if you listen, it may not be from a speaker but in conversation with other people. The best advice I can give you is start trying to build you assests somehow. Save money or build a cow herd and be intense about it, keep records of your investments and cash flow. My banker likes to see all my income and business ventures, she isn't keeping tabs on me rather when I borrow a signifigant amount of money she has something to go to the lending board with. GOOD LUCK. Remember, LIVING WITHOUT DREAMS IS NOT LIVING AT ALL.
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Justin Rancher

Joined: 02 Mar 2008 Posts: 4019 Location: NW South Dakota
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Posted: Thu Mar 11, 2010 12:42 pm Post subject: |
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| flyingS wrote: |
| Britt, I hear ya. Don't listen to the BS about how it is a dead end road. While you have the opportunity focus on economics and range management if you can. I strongly believe that a great cowman with a good set of cows can go broke but a good manager with a average set of cows will find a way to make it work. Don't just limit your education to college, attend as many seminars and meeting as you can. There is alway something that can be learned if you listen, it may not be from a speaker but in conversation with other people. The best advice I can give you is start trying to build you assests somehow. Save money or build a cow herd and be intense about it, keep records of your investments and cash flow. My banker likes to see all my income and business ventures, she isn't keeping tabs on me rather when I borrow a signifigant amount of money she has something to go to the lending board with. GOOD LUCK. Remember, LIVING WITHOUT DREAMS IS NOT LIVING AT ALL. |
good advise. i would also agree with H. get out there and get your hands dirty working beside someone who has been there, done that. there is no substitute for experience.
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RobinFarmandRanch Member

Joined: 30 Jul 2009 Posts: 412 Location: in da swamps of south LA
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Posted: Fri Mar 12, 2010 10:02 am Post subject: |
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| by no means do i think i am a full fledged rancher. but maybe one day i will be. i went to LSU and majored in ag business learned alot about the economics of farming and ranching. after i graduated i enrolled in the farm and ranch management program at texas christian. its not a degree, but it was well worth the money for everything i learned. also get with some local cattle ranchers that could teach you a little bit.
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brittk Member

Joined: 08 Mar 2010 Posts: 3 Location: florida
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Posted: Sun Mar 14, 2010 3:00 am Post subject: |
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| Thanks so much for all the advice! I plan on going to Auburn if I have the money and taking a few agricultural business classes and maybe some classes in bovine/equine science. So, maybe it'll help. But once again, thanks for the heads up on what I'll need to do and all that jazz. I appreciate it!
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