Tag Archives: dollars

Feeding Hay to Improve Your Land-Part 1

As you may already know, Jim and Dawn Gerrish are two of the most notable and knowledgeable people when it comes to land and livestock management, including management-intensive grazing (MiG).  Jim has his own consulting business which can save you lots of money right from the start of your adventure in managed grazing.  Contact him through American GrazingLands Services, LLC.  Find him on Youtube videos and pick up one of his well written books, Management Intensive Grazing – The Grassroots of Grass Farming and Kick the Hay Habit – a Practical Guide to Year Round Grazing.

Feeding Hay to Improve Your Land – Part 1

By   /  February 25, 2019  /  3 Comments

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We think it is far more important to stop making hay on your land than it is to stop feeding hay on your land. Here are some things to think about.

What Made Sense in 1973 Doesn’t Make Sense Today

Making hay is a whole lot more expensive than it used to be. This table compares input costs for making hay in 1973 in contrast to 2013.

 

All of the input costs have increased at a much faster rate than the value of beef cattle, lamb, or milk. To be on par with costs experienced in 1973, fed cattle should have been $284/cwt, not the $148 they were.

Hay = Inexpensive Fertility

While making hay is expensive, in much of the US, hay can be bought for less than the cost of production. When you buy someone else’s hay and feed it on your property, you are buying their fertility at a highly discounted rate. In some years in some locations, you can buy beef cattle hay for less than the fertilizer value it contains.

This is a great opportunity for improving your land in a way that also benefits soil health.

Feeding Uniformly is the Key

The key to soil improvement is to get the hay fed uniformly over your pastures. This is how you can realize the greatest benefit from purchased hay as a planned fertility input.

Large round bales are still the norm in much of US cow country. Round bales can be unrolled with relatively low-cost equipment. Bales don’t unroll uniformly all the time, but the subsequent manure distribution is way better than feeding bales in ring feeders.

Big square bales can be flaked off easily in a systematic way to cover a specific area with each bale fed.

Bale processors are expensive pieces of equipment. If you are invested in something like this, make sure you are feeding all of your hay to optimize the distribution of manure across the pasture.

We need to be thinking about how much nitrogen and phosphorus is in each bale we are feeding so we can plan our daily feeding to apply appropriate levels of nutrients rather than feeding too little and not realizing the benefit we expected or feeding too much and overloading the soil and environment with excess N. We’ll look at that next week!

Stay tuned! Jim will be covering all the data and math in this series to help us figure out how to do the best we can at improving pastures with hay feeding. If you have questions for Jim, do share them in the comments section below!

Making Investments vs Creating a Job

Economic definitions:

Investment – an investment is the purchase of goods that are not consumed today but are used in the future to create wealth.  to put (money) to use, by purchase or expenditure, in something offering potential profitable returns, as interest, income, or appreciation in value.

Job – a paid position of regular employment.  a piece of work, especially a specific task done as part of the routine of one’s occupation or for an agreed price. Everyone has goals in life – some will involve being financially secure.  If you are interested in building financial wealth, there are a few basic premises which need to be incorporated into your plans.

1) Your saved dollars must be put to work!

2) Break free from the bondage of financial slavery by changing your spending habits

3) Invest in yourself – education or your own business

4) Learn to manage the money you do have – more money will not necessarily fix your financial problems

5) Debt is a hard task master – avoid it!

6) Use your income from a paid job to make investments that will gain in value while you continue your paid job.  Later you can retire from your job and enjoy your investments.

Many, many economic experts have different ideas about how to invest, so it’s up to you to decide who or what you want to invest in.

Dave Ramsey Investing Philosophy

How to Become Wealthy  – Nine Truths that can Set You on the Path to Financial Freedom

Rich Dad/Poor Dad – Dave Pratt, Ranching for Profit newsletter

Shabbat Shalom!

tauna

Fescue Toxicity

Boy, howdy, now there’s an exciting title and one to really pull in a reader eager to learn about such a thing.  Well, not, of course, but to cattle farmers and ranchers across a great portion of the United States, it’s a reality that sucks an estimated $1 billion out of our collective pockets EACH year!

in 1943 Kentucky 31 variety of fescue was commercially introduced and sold, it seemed at first a godsend to sod forming, persistence, deep rootedness (soil conservation), and production for cattle and other livestock producers.  In the late 1970’s, scientists at last identified that fescue hosts a fungus that can produce toxic compounds called ergovaline.  However, it is important to note, that reports of  toxic effects of grazing infected fescue have been around at least since the early 1900’s.  Why didn’t the light bulb go off that there is a problem that needs addressing BEFORE scattering it all over the US!?  The only answer that seems reasonable is that establishment of the grass is cheap and easy and the resultant health concerns in stock are a silent drain.

Whatever the case may be, I’m now on a mission to eradicate to a degree as much as possible toxic fescue from my pastures.  In so doing, cattle health and numbers should increase, calf gains and cow milking ability should increase as well as reproduction improvements.  Additionally, soil health and tilth should improve, thereby increasing its moisture capturing and holding capacity (resulting in less runoff and erosion).  Lastly, but certainly not least, ridding the pastures of tall fescue will greatly improve wildlife habitat – especially ground nesting species such as quail.

The fruits of this project will likely be for the next generation and i ask myself if it is really worth the expense and effort to make a bold move in such uncertain times of low cattle prices.  Time will tell, i guess.

I think I’ll put these entries in a separate category so my reports and progress can be easily accessed.  I’m no Pioneer Woman like Dee,  (ya gotta admire the outreach she has done with her whit and way with words),  but if you have an interest in organic, no chemical, minimal tillage farming, pasture renovation, cattle rearing for producing clean healthy food while improving (regenerating is the popular term) our environment, come alongside and join the conversation.  I will enjoy any questions.

Cheers!

tauna

cropped-purdin-farm-october-2012-004.jpg
This is a nice photo of my cows, but what you don’t see is that a good portion of what they are grazing is toxic endophyte infected fescue.  In other words, with every bite they are being poisoned.  It’s time to see if the dollars and cents to renovate make sense to change this condition.

 

 

 

The Road Ahead

Reprinted in part from Farm Journal, December 2015.

Reassess, Dump Loser Assets

Smart farmers will survive the challenges that arise in 2016.  Just as they’ve done in the past, they’ll reassess their spending and recognize cash is king.  I also recommend the following:

Understand true cost of production.  Account for every dollar.  It’s how you’ll quantify whether you’re headed for profit, loss, or breakeven.  Don’t overlook your true living expenses, including what you set aside for college and retirement.  “Tis the year for living frugally.

Scrutinize every line item in your budget.  It’s the only way you can stop haemorrhaging cash and become leaner.  Is there a way to cut your overall costs?  I challenge you to cut all expenses by 1%.  It might seem small, but I’ve witnessed this exercise lead to six-figure savings.  Question input costs and negotiate with suppliers.

Be sure to liquidate all non-productive assets.  You can generate thousands of dollars by selling losers.

Stay in contact with your lender.  They realise down cycles occur.  The last thing you want to do in tough times is cut them off.

article by Peter Martin, Finance & Growth Expert, Farm Journal magazine.

My comments:  Just because an asset is no longer working in your operation, doesn’t necessarily mean it’s a ‘loser’ for everyone.  Sometimes our goals change and someone else needs exactly what we no longer need.  Of course, if the asset is junk,  be sure to sell it that way.