The economics of custom round baling are starting to look troubling. I asked last fall what it would cost to buy a new replacement for my current NH RB560 balers. It was around $52,000. And there were have been only marginal improvements on those machines compared to what I have now. No way to recoup that extra $9,000 over my current machines. Seems the whole cost structure is going to have to change. Most of my customers are in the beef business and they don’t have huge profit margins to work with either.
Making profit in beef cow/calf business in USA is very difficult in part to the strangle hold that the 4 major animal packing/processing houses on the beef raising farmer/rancher. My next door cow/calf owner told me his CPA told him he couldn't make a profit on his calves when feeding his livestock $100 per rd bale hay. I told him I thought it's difficult making a profit on calves feeding $50 per roll hay. I sold 1/2 my cows a week ago.
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