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Oklahoma | My Dad did a similar thing with one of my kids. Offered it to all of them and only one took it. We figured up how much he was willing to loose to figure up how much he was willing to invest, then they drew up a contract. Dad owned the cows and calves already, so took the price of the calves at OK Nat on the day they went to the yard and used that as a starting point for +/-. Every statement they got from the feedyard, they both got a copy and Dad taught him how to read the sheets and read the carcass data when they were harvested since they sold on the grid for premiums. Sold them in July and due to schedules they still haven't totally settled up but I think in the end it was just about a wash. But the kiddo has learned alot in a couple month period. I think it is GREAT opportunity for both and gave them some bonding time. | |
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