Raising livestock is not just a farmer’s means of profit, it could also be how you can earn some cash and grow your own food. When you have an unexpected expense when caring for your livestock, you can always take out an emergency cash car title loan. Keeping your livestock well supplied and healthy can make the difference between a failed ranch, and a thriving one.
But what constitutes as livestock? The Merriam- Webster dictionary defines livestock as the following:
- Raised for use or entertainment
- Farm animals kept for profit
One word can perfectly describe the livestock market of today: difficult. There are many factors that change the price of chickens or a cow:
- Company stocks: Major beef corporations seem to always follow where the livestock market is going and tend to make the biggest impact of what the cost of meat from livestock tend to be worth.
- Price of feed and other supplies: A companion factor in how much a cow is worth is whether any of the sources necessary for their survival is at an all-time high or low. For example– if the price for chicken feed is higher than what it was last year, than you should expect a chicken to be worth more due to the cost of chicken feed. The same applies to other materials such as the type of lumber used for fencing/shelter or the fertilizer used to grow pastures.
- Season: When it comes to raising livestock, time and location are just as important. Some seasons may see low demand for certain livestock, while other times may see high demand.
- Weight: The more meat on livestock, the more value they hold, especially if they are used for food in the livestock market.
- Health, species and use: Another factor that may vary between where you are looking to buy your livestock is what they were raised for. Is the chicken you want raised to make eggs or raised for its meat? Is the cow raised for its milk or beef? The price of a livestock’s maintenance in its use is combined with the health and condition they are in. After all, a healthy cow is a happy cow, especially if they contain growth hormones!
With that out of the way, raising livestock is essentially like raising any other pet, albeit more expensive than a dog. Here are just a few estimate prices on just some of the livestock you could buy based on their prices from various online stores like eFowl or Cattle-Exchange.
- Pig- Between $60 to $1,000 per pig
- Chicken- $15 to $50 per chicken
- Cow- $1,500 or more per cow
- Turkey- Between $3 to $20 per turkey
- Bull- Between $4,000 to $5,000 per bull
- Goat- Between $75 to $300 per goat
After buying your livestock, the real costs of raising them begins, and LoanMart is here to let you know how title loans can be one of the best ways to pay for livestock. With title loans, you may get easy and fast money within the next business day3. But before we can tell you more about title loans, let’s look at the cost of raising livestock.
What is the Cost of Raising Livestock?
After you bought your chickens, cattle or pigs, it’s time to look at what you need in raising livestock. Here are the three essentials to keep your livestock happy and healthy:
Each of these differ in costs depending on what your livestock eats, where it needs to sleep, and how you plan on keeping them from leaving your land. The last thing you need is your chickens in your neighbor’s yard!
Also keep in mind: the more livestock you have, the more of these essentials you may need to build up to keep them happy and healthy.
In general, the average cost of raising livestock is between $5,000 to 10,000, which is dependent on the state you live in, the budget you’re working with, and how much of the livestock you have.
Some of these necessities might also be inexpensive for some, as dozens of websites have coops or fencing systems on the cheap end, while competitive pricing on different types of feed may also lower the cost of raising your livestock by several hundreds or even thousands.
Miscellaneous materials and hidden costs for raising livestock should also be factored in. This includes:
- Livestock transportation
- Housing maintenance
- Water supply
- Land upkeep
- Livestock grooming
- Vet bills
- Livestock security
- Breeding equipment
Now that you have a good idea of the cost of raising livestock, what are your returns?
We can now look at what the hard work and money poured into your herd or brood will net you, but first, what are your options in terms of livestock farming? Well for one, spending less money to get more money would be the likely goal for you.
Thus, here are just some of the small-scale livestock farming that can make a hefty profit for you this year that you could investigate yourself:
- Fish farming
- Snail farming
- Crab Farming
- Worm Farming
- Lobster Farming
- Pet Bird Farming
- Shrimp Farming
Again, the more the merrier and the bigger the better, but looking for the price of your livestock is as simple as looking at the price of a jug of milk at your local grocery store or meat per pound at a butcher shop.
From these values and worth of the real product your livestock makes, you can expect more profit the more you own!
But where are you getting the income for your sheep or goats? How will you pay for their food and shelter? What income will you be using in raising livestock?
At LoanMart, our years of experience in car title loans may help you get the money you need for raising livestock now1!
Car title loans can be the best way for you to get a little extra money for raising livestock. This is because LoanMart car title loans come with a bunch of benefits and advantages, here are just a few:
- High approval rate1
- Fast funding
- Competitive terms
- Convenient rates
- No balloon payments or early installment fees