Page 2 of 2 FirstFirst 12
Results 21 to 30 of 30

Thread: Need advice

  1. #21
    Join Date
    Jul 2014
    Location
    South West Victoria , Australia
    Posts
    1,504

    Default

    Here is a finance company that specialises in leasing arrangements for dairy cows to farmers http://www.cowbank.com.au

    I think the rates are pretty high and it's not something I'd likely ever consider. They have been around a while .

    Looks like quite a good deal for cow bank ?
    "Those people who say they have no time for bodily exercise will soon have to find time for illness ". Joseph Pilates

  2. #22
    Join Date
    Jul 2011
    Location
    Kaukauna WI
    Posts
    4,887

    Default

    Quote Originally Posted by Lead Cow View Post
    Why is that ?

    People are all different but I wouldn't want any of my family trying to "support " me . Would just be a recipe for a lot of unhappiness.
    You interpreted incorrectly.

    Most farmers have some sort of family support. Be it just getting the farm outright (it happens more than you think, I just heard 2 instances this week & firsthand from the sons themselves.) All the way down to the dad helping out by running to get parts or mom babysitting the grandkids. Not very many just do it in a vacuum without some family "support". While we came out smelling like a rose on the backend, it was too stressful, too much physical work, too financially risky & just hard on the family life. Our kids turned out great but we haven't ever vacationed together & I have regrets.

    I did not expect nor want family financial support but admit it, most dairy farms have it & if you don't, you are competing against those that do.

  3. #23
    Join Date
    Feb 2017
    Posts
    37

    Default

    500 cows seems alot for just starting from nothing. Since we are still going through our options of getting into it as well I would think with that many cows you would want to make sure you have the market for it
    Thought most co- ops weren't taking more milk with the surplus. Did get a laugh with the hipsters from ny comment since we will be ending up there eventually

    Sent from my SM-G930V using Tapatalk

  4. #24
    Join Date
    Jul 2014
    Location
    South West Victoria , Australia
    Posts
    1,504

    Default

    Quote Originally Posted by cousinit View Post
    You interpreted incorrectly.

    Most farmers have some sort of family support. Be it just getting the farm outright (it happens more than you think, I just heard 2 instances this week & firsthand from the sons themselves.) All the way down to the dad helping out by running to get parts or mom babysitting the grandkids. Not very many just do it in a vacuum without some family "support". While we came out smelling like a rose on the backend, it was too stressful, too much physical work, too financially risky & just hard on the family life. Our kids turned out great but we haven't ever vacationed together & I have regrets.

    I did not expect nor want family financial support but admit it, most dairy farms have it & if you don't, you are competing against those that do.
    Fair enough, some family's seem to get on well and make it all work somehow. However , if you're blueing all the time then it's hard to imagine anything worse.

    Hope you're getting away shortly for a decent holiday!
    "Those people who say they have no time for bodily exercise will soon have to find time for illness ". Joseph Pilates

  5. #25
    Join Date
    Apr 2011
    Location
    Central Valley California
    Posts
    429

    Default

    I started out as a partner with my father. It was a good partnership but I couldn't wait to buy him out and be on my own. It took me about 5 years. He still held some of the note so he wouldn't get hammered on income tax. I would like to do the same for my son some day. Just waiting for the right time so as not to take on too much debt. 2009 is still in my memory bank.

  6. #26
    Join Date
    Jul 2011
    Location
    Kaukauna WI
    Posts
    4,887

    Default

    Quote Originally Posted by Lead Cow View Post
    Fair enough, some family's seem to get on well and make it all work somehow. However , if you're blueing all the time then it's hard to imagine anything worse.

    Hope you're getting away shortly for a decent holiday!
    Oh we made it work but was it worth it? No. We weren't depressed most of the time. Just 2009.

    We were on edge all the time? Yes. 24/7/365.

  7. #27
    Join Date
    Jul 2014
    Location
    South West Victoria , Australia
    Posts
    1,504

    Default

    Quote Originally Posted by BLOOMFIELD View Post
    I started out as a partner with my father. It was a good partnership but I couldn't wait to buy him out and be on my own. It took me about 5 years. He still held some of the note so he wouldn't get hammered on income tax. I would like to do the same for my son some day. Just waiting for the right time so as not to take on too much debt. 2009 is still in my memory bank.
    I keep reading about 2009 from you guys and I do remember prices coming back that year but we still made some sort of profit . There was deflation in a lot of our inputs but I don't remember it being too bad ?
    "Those people who say they have no time for bodily exercise will soon have to find time for illness ". Joseph Pilates

  8. #28
    Join Date
    Apr 2011
    Location
    Central Valley California
    Posts
    429

    Default

    I don't know about everyone else but it was bad in CA in 2009. Losses up to $1000 a cow and to make it worse the banks devalued your cows and your property. So they were no help either.

  9. #29
    Join Date
    Jul 2011
    Location
    Kaukauna WI
    Posts
    4,887

    Default

    Quote Originally Posted by BLOOMFIELD View Post
    I don't know about everyone else but it was bad in CA in 2009. Losses up to $1000 a cow and to make it worse the banks devalued your cows and your property. So they were no help either.
    Same here, $1,000 a cow loss. Bank loaned us all the money we needed.

  10. #30
    Join Date
    Jul 2014
    Location
    South West Victoria , Australia
    Posts
    1,504

    Default

    So Tonyleef777 , how are you going with your plans to get into the dairy business?
    "Those people who say they have no time for bodily exercise will soon have to find time for illness ". Joseph Pilates

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •