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8 Ranching tips from an old-timer

Things that come up in the daily operation of a ranch.
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8 Ranching tips from an old-timer

Postby Faster horses » Thu Nov 16, 2017 3:12 pm

There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.

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Re: 8 Ranching tips from an old-timer

Postby m5farm » Thu Nov 16, 2017 3:34 pm

very good read.

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Re: 8 Ranching tips from an old-timer

Postby Faster horses » Thu Nov 16, 2017 6:11 pm

I thought so too. Lots of wisdom there.
I know when we were starting out and had bought our first place after leasing for 10 years; it was small. A wise Basque lady friend told me, "they say you can't make it there, but you can. When you make a little more, you spend a little more; when you make a little less, you spend a little less". Obviously, I never forgot it.

We used a lot of old machinery. :D Didn't hurt us a bit; might have made us more appreciative.
There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.

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Re: 8 Ranching tips from an old-timer

Postby gcreekrch » Thu Nov 16, 2017 7:29 pm

Very good.

I might add that it is good business to change banks and insurance companies periodically. The place you are moving to will buy you away with cheaper rates or service charges for the same loans or coverage. You then have a few years before they feel comfortable enough to start taking advantage of you.
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Re: 8 Ranching tips from an old-timer

Postby Denny » Fri Nov 17, 2017 2:57 am

gcreekrch wrote:Very good.

I might add that it is good business to change banks and insurance companies periodically. The place you are moving to will buy you away with cheaper rates or service charges for the same loans or coverage. You then have a few years before they feel comfortable enough to start taking advantage of you.


I'm noticing this with my bank now seams they want to micro manage. I just ignore them payments not due for 3 months and I haven't sold any calves not much to talk about in my opinion.
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Re: 8 Ranching tips from an old-timer

Postby Traveler » Fri Nov 17, 2017 5:52 am

This sentence from the article made me think of a few more established places that didn't, or almost didn't, make it because they didn't follow this advice.
When he was a young man, Mori loved to rodeo. But he sacrificed that expensive hobby in order to fully pursue building his own ranch. “My life's dream has always been to be a rancher, and that's why I quit,” he said.

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Re: 8 Ranching tips from an old-timer

Postby GM888 » Fri Nov 17, 2017 9:50 am

I like running my old equipment. It seems like its more reliable then some of this new stuff. In saying that I don't farm land to farm land I just put up hay and rejuvenate a piece here and there so I am not dependent on a lot of iron.

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Re: 8 Ranching tips from an old-timer

Postby Faster horses » Fri Nov 17, 2017 10:32 am

Denny wrote:
gcreekrch wrote:Very good.

I might add that it is good business to change banks and insurance companies periodically. The place you are moving to will buy you away with cheaper rates or service charges for the same loans or coverage. You then have a few years before they feel comfortable enough to start taking advantage of you.


I'm noticing this with my bank now seams they want to micro manage. I just ignore them payments not due for 3 months and I haven't sold any calves not much to talk about in my opinion.


Have you ever noticed that many of the people working in banks and/or lending institutions tried to ranch and farm and couldn't make it? :D But they'll give you management advice all day long.
There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.

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Re: 8 Ranching tips from an old-timer

Postby m5farm » Fri Nov 17, 2017 10:53 am

ive been working a job for 35 yrs , I make good money for my area and for the most part enjoy it. I Did not persue my dream of farming in the 80's because of all the negative advise from my family (farmers) and the struggles I saw working on the farms as a child. I continued to work nights and weekends for family until 15 yrs ago when I bought a portion of my grandfathers place. from there I have invested (cash) into equipment and livestock . I purchased an ajoining property last summer and have picked up 2 more rental properties this fall. I don't know where I would have been if I had done it different but I can assure you I am still fortunate and blessed with how it has all worked out. I plan to expand a little more this year but I am limited because there are just not enough days in the week or hrs in the day to do much more than I do now without help. SOme call it a hobby but When you invest 40+ hours a week in it after 60hrs on the other job I invite anyone that thinks its a hobby to give me one week and take every step I do. I personally believe the small farmer has to be more efficient because inputs can not be spread out over more head to lessen the cost. I also only use the profit to expand and grow. This may change as Im looking at a couple options thru my lender. The article expresses sacrifice and to me it means a lot because of how I have sacrificed my time and body over the years I have a nice place and a lifestyle most are envious of even tho its not extravagant.

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Re: 8 Ranching tips from an old-timer

Postby Faster horses » Fri Nov 17, 2017 12:30 pm

Good for you m5farm.

I always worked off the ranch to make it work, too. Seems if you sacrifice to get it, you appreciate what you have more.

I bet your grandfather was happy you bought some of what his holdings.
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Re: 8 Ranching tips from an old-timer

Postby littlejoe » Fri Nov 17, 2017 6:38 pm

FH:
"Have you ever noticed that many of the people working in banks and/or lending institutions tried to ranch and farm and couldn't make it? :D But they'll give you management advice all day long."

Well, some get into ag banking. Some get into selling real estate and try to specialize in ranching. Some get into equipment sales.

And you know what? With 'most', It ain't really all that bad----cheapest way to learn from a mistake is learning from the other guy's---and both other deals I mentioned it is nice to work with somebody with some knowledge.

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Re: 8 Ranching tips from an old-timer

Postby Denny » Sat Nov 18, 2017 6:06 am

littlejoe wrote:FH:
"Have you ever noticed that many of the people working in banks and/or lending institutions tried to ranch and farm and couldn't make it? :D But they'll give you management advice all day long."

Well, some get into ag banking. Some get into selling real estate and try to specialize in ranching. Some get into equipment sales.

And you know what? With 'most', It ain't really all that bad----cheapest way to learn from a mistake is learning from the other guy's---and both other deals I mentioned it is nice to work with somebody with some knowledge.


The way it sounds is some of the mover and shakers in our area have given our young bankers a crash course in poor decisions hence were all going to pay for it.
If your dreams don't scare you there not big enough!


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