the biggest downfall of most ranchers is feeling "married" to thier cows. you have to look at the big picture, most times if you do the math and be honest about it, you will see that you can't afford to not sell them. i've seen situations where an outfit would have been better off to sell the cows and go on vacation for a year than stay home and feed, but sometimes pride gets in the way of that. just remember cows are like nachos, they're always makin' more :wink:
You nailed that!
FH...I guess my body is older than I am... I began planning the paycheck retirement since the early 90s. Just remembered, 6 years yesterday was the last one I earned. Would have kept working if I could have done both without becoming mad and T'd off every morning as soon as I woke up. Spent a lot of time and money the first 4 years making repairs and "upgrading" equipment...my motto has always been "Work hard and save while I'm young and able so I don't have to work hard when I'm old and can't". And in the 90s, cash flow estimates looked favorable...problem is the input cost have greatly out paced expected returns....
Justin....I've been seeing the writing on the wall for several years... little reward for the hard work and monetary risks involved. Thankfully my plan never included counting on the ranch to provide a living...however it is supposed to be self sufficient, provide and enjoyable livelihood and be worth the efforts exerted. Past couple years it been like something has been trying to drive me away from here...and last November I came to grips with the fact that I do not have to do this just because that was "the plan" I made 20 years ago. Yes it bothers me a little that I may shut it down, that it hasn't rained. Family has worked this piece of ground for 110 years. I've worked my butt of the past 20 years instead of enjoying life. That's been the BIG mistake but it did help get me where I am now... I'm now ready to live and enjoy life, find someone to share it with. I'm 53, in decent health and shape, but we all know how fast that can change. Folks in my family either died young (late 40s) or "old" (late 80's and 90's). Barring anything catastrophic, I'll be able to hold on the the land...it's never been in the plan to sell to fund retirement, but I now know and accept the fact that if the path to happiness leads away from here, it's OK.