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| I am looking into custom feeding cattle to help generate some income on the farm, but I have little to no experience with it. I am comfortable around the cattle and the day-to-day, but the $ I don't know. I have been talking around locally and it seems like 0.28-0.37/hd/day is the range. Looking for advice as to how that breaks down. Basically, of that price how much should I set aside for supplies, (ie medicine, water, etc.), machinery, fuel, labor wages, feedlot usage, ect.?
Also in this situation I would own the feed. I know most guys mark this up but I don't really get a good answer on how this is done or what is an acceptable/normal mark up?
Trying to make the best educated decision before I make the leap and I appreciate input/advice! | |
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custom feeding cattle
