How do you get a starting business livestock loan?
I would like to build my miniature cow business and I only have three females. These cows are easy keepers and very cost effient. They can be butchered to receive about a half of beef which is more logical to most peoples freezer space. They are more docile and do not require the fencing and food comsumpion of a full grown. It take very little area and pasture to keep them. Most think they are raised for pets. They can be very useful for grass mowing and well as food supply.
There’s a great book by a guy named Logsdon called The Contrary Farmer. His golden rule is never to finance farming by borrowing. He points out that “rates of money growth (interest) seldom match rates of biological growth,” so borrowing money to buy farm or equipment or land is almost always the start of a losing proposition. Thus, it may be hard to find a loan, and if you find one, the interest may make it hardly worthwhile.
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