Beginner with a few questions
Hi all,
I have spent a little time on a close friend's property in QLD, and am wanting to get into the hobby farm game myself.
I'm in the very early stages or working the financials of it all and i think i'm on the right track, but any advise is appreciated.
The workings of second mortgages etc are all sorted, what i need to know is if i am working out buy/sell prices for cattle correctly.
The figures I have been given so far are:
Buy price - $1.75/kg for roughly 250kg weener
Sale Price - $2.30/kg for roughly 450kg beast
COG price - 1.40 per kg (for the 200kg gain)
I understand these prices will fluctuate, but am i in the ballpark??
Also, my final question is how long does it take for a 250kg weener to reach its 450kg sale weight? Obviously there would be many factors like feed availability etc.
The areas ive been looking at are just past Cunningam's gap QLD, 100-200 acres, although i have also looked into northern NSW as its much greener down that way with more natural water.
As i said - very eary days for me, and I've a long way to go, so any advise is greatly appreciated.