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How Modern Homesteaders Can Make Money in the (Live)Stock Market

| 7/26/2016 1:44:00 PM

Make Money Raising Livestock

Did you know that, as a homesteader, you can make a great living in the stock market?

No, I am not talking about the New York Stock Exchange big board. I’m talking about the big-time live(stock) market. For most homesteaders this means cows, but it could mean bison, water buffalo, or large flocks of sheep. I will put pigs in there as well.

It goes without saying that you will need adequate pasture land to accommodate these voracious grazers, and that there are many benefits to raising them.

For example, if you purchase a young bull for $1,000 or so and five ready-to-breed heifers for the same price each, your $6,000 investment will likely produce five calves that will be fed for free (by their mothers and your pastures) each year for 12 to 15 years. You’ll also likely incur mineral expenses, but that’s nominal.

What will you do with these calves?

8/10/2016 1:21:28 PM

Well, doesn't that sound perfect? (grin) Here in Michigan you must feed hay about 5 months out of the year. We do have pasture and a pond, so summer is relatively carefree except for constant fence maintenance due to the deer population destroying the electric fence. So, how about a truck or tractor to move the hay? Got electric fence? You need electricity or some darned good fence, cattle are notorious fence pushers. Hay feeders so they don't waste the hay by walking and sleeping on it? Water tanks if you don't have a pond or in the winter when the pond freezes? Are you ever going to renovate your pasture? Cut or grow your own hay? That's more equipment, which is a purchase or rental cost. Start pricing tractors, even used ones. A stock trailer for hauling your finished animals, either purchase or rent. Pray you never lose an animal to injury or trouble calving, or your model goes kaput for another year. Yes, indeed, I'm living the dream here in Michigan with half a dozen Hereford/Highland cross cattle and I haven't made a penny in 5 years. Some years I'm lucky and break even and my freezer is always full, and that's why I do it. Well, that and I like my cows! Do NOT think you'll make money on beef, though, because markets fluctuate, feed costs fluctuate, Mother Nature interferes and life is not perfect, like the "model". Do it because you like it and if you make money by happenstance, double bonus. And, if the price tanks, you can eat your investment!

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