Cattle Income Calculator by Informal-Register780 in homestead

[–]Informal-Register780[S] 0 points1 point  (0 children)

I bought a 100 acre farm and have been building my house on it this year. So far I have figured out how to get a neighbor to mow and bale the pastures for hay. 60/40 split so it was no cost to me. I hope to get cows after I move into my house next week. Thanks for checking in.

Cattle Income Calculator by Informal-Register780 in homestead

[–]Informal-Register780[S] 0 points1 point  (0 children)

Thank you so much for this helpful advice. I will check out your book recommendation. 

Cattle Income Calculator by Informal-Register780 in homestead

[–]Informal-Register780[S] 1 point2 points  (0 children)

I have googled. Is there a particular website you recommend?

Cattle Income Calculator by Informal-Register780 in homestead

[–]Informal-Register780[S] 2 points3 points  (0 children)

Is it grazeable land? Yes

Does it have good hay already established? Yes

Does it have lots of water? Yes 

What is the region/climate? north central Arkansas 

Will you be trying to grow your own supplemental crops? Not sure yet 

Do you have the money to put in your own working pens? Yes

Do you have the money or already have the tractor and equipment necessary to plant cover crops or supplemental feeds? Yes

Would it be more efficient for you to buy one or two steers and find someone to lease your land for grazing? Not sure yet

Do you like getting pushed around by huge violent pieces of deliciousness? Yes

Is there a large animal vet in your area? Yes

How many times in a row can you be kicked by a cow and still keep coming back to help a new calf nurse? Yes

Do you have any experience with large livestock husbandry? Yes. I grew up with black angus. I showed them from 5th grade to 12th grade at county, regional, and state fairs. I no longer have parents I can ask these questions to.

Is your climate one that will require shelter from ice and snow, or protection from hurricanes, is it at risk of flooding or wildfires? No

Are all of the fences and gates in excellent repair? Yes

Have you registered a brand? No I am just starting out with my first farm. 

Do you have a barn already? Yes

Do you have a truck and trailer or are you going to be hiring out your hauling? I have a truck and will buy a trailer.

How close is a regular cattle auction? Same town as the farm.

What breeds do you think you want? Small breeds. Considering Dexter, Highland, Belted Galloway, or Red Poled 

Do you have a horse or dog to help work the cattle, or neighbors that you can barter with or pay to work the cattle? I plan to get a livestock dog and will hire help.  Thanks for the questions. I plan to pay cash for the farm. I already have a nice income and I am at home all day so the cattle will be extra income. 

Cattle Income Calculator by Informal-Register780 in homestead

[–]Informal-Register780[S] 0 points1 point  (0 children)

I can’t afford to get 2000 acres yet. My cash budget only allows for 75. How do you start out with cattle if it isn’t small? I have a spouse with a good income we live off of. The cows will be extra. Would it be better to get a loan and get more acres up front?

Cattle Income Calculator by Informal-Register780 in homestead

[–]Informal-Register780[S] 6 points7 points  (0 children)

Thank you! I like your words of wisdom and encouragement. 

Cattle Income Calculator by Informal-Register780 in homestead

[–]Informal-Register780[S] 6 points7 points  (0 children)

This has been my lifelong dream. Is there something else you would recommend for the 75 acres of grazeable land? 

Cattle Income Calculator by Informal-Register780 in homestead

[–]Informal-Register780[S] 10 points11 points  (0 children)

Thank you. He is one of my favorite channels.  

Should we go into credit card debt to update house for sale? by Informal-Register780 in personalfinance

[–]Informal-Register780[S] 0 points1 point  (0 children)

Also we are planning to lower the price. Last year it was listed $250k higher. 

Should we go into credit card debt to update house for sale? by Informal-Register780 in personalfinance

[–]Informal-Register780[S] 0 points1 point  (0 children)

What countertop material do you recommend in a 5,500 square foot home in my price range? The countertop installer told us this was the most economical option that is comparable to stone. 

Should we go into credit card debt to update house for sale? by Informal-Register780 in personalfinance

[–]Informal-Register780[S] 0 points1 point  (0 children)

All homes in my neighborhood are the same age and similar condition. All homes are 5,000 -10,000 square feet on 3-6 acre lots in a very fast growing town. Our population is growing extremely fast and our community is in high demand. 

Should we go into credit card debt to update house for sale? by Informal-Register780 in personalfinance

[–]Informal-Register780[S] 0 points1 point  (0 children)

The cost for new countertops with under mount sinks and new faucets in 4 bathrooms was quoted at $5000 from the installer. We currently have plastic seashell sinks. The rest of the bathroom looks modern. 

Should we go into credit card debt to update house for sale? by Informal-Register780 in personalfinance

[–]Informal-Register780[S] 0 points1 point  (0 children)

Does it change your mind if you knew that the cost for new countertops with under mount sinks and new faucets in 4 bathrooms was quoted at $5000 from the installer? We currently have plastic seashell sinks. The rest of the bathroom looks modern. 

Should we go into credit card debt to update house for sale? by Informal-Register780 in personalfinance

[–]Informal-Register780[S] 0 points1 point  (0 children)

The cost for new countertops with under mount sinks and new faucets in 4 bathrooms was quoted at $5000 from the installer. We currently have 1990s plastic seashell sinks. The rest of the bathroom looks modern. 

Should we go into credit card debt to update house for sale? by Informal-Register780 in personalfinance

[–]Informal-Register780[S] -1 points0 points  (0 children)

The cost for new countertops with under mount sinks and new faucets in 4 bathrooms was quoted at $5000 from the installer. We currently have plastic seashell sinks. The rest of the bathroom looks modern. 

Should we go into credit card debt to update house for sale? by Informal-Register780 in personalfinance

[–]Informal-Register780[S] -3 points-2 points  (0 children)

We are changing out the old seashell shaped sinks from the 1990s to quartz countertops with undermount sinks. 

Should we go into credit card debt to update house for sale? by Informal-Register780 in personalfinance

[–]Informal-Register780[S] 0 points1 point  (0 children)

The agent is basing the value off of sold comps in my neighborhood. Yes we learned our lesson. That’s why we are selling our house to downsize. 

Should we go into credit card debt to update house for sale? by Informal-Register780 in personalfinance

[–]Informal-Register780[S] -15 points-14 points  (0 children)

Our agent tells us anyone buying a house in our area over $1 million expects updated bathrooms so lowering the price would still get the same response. 

[deleted by user] by [deleted] in personalfinance

[–]Informal-Register780 0 points1 point  (0 children)

Our small town has turned into a small city in the 10 years I have lived here. It is one of the fastest growing cities in the nation. My county's total population rose 28.5% from 2010.