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There must be some money in cattle

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    #1

    There must be some money in cattle

    Richie bros sold a 6533 acre lease with only 1000
    acres open. 826 aum. 1073 billable aum
    County of st.paul. Sold for $700,000.00
    Tags: None
    #2
    Don't say anything....or we'll have to get a lecture on welfare cowboys again!

    Comment

      #3
      Cheap grass sure is expensive.

      Comment

        #4
        How much oil lease revenue? lol.

        Comment

          #5
          That $18,500/yr is of no 'Net Benifit' to the
          rancher. It only compensates him for the loss of
          use and adverse affect. This compensation
          essentially puts the rancher back at zero. )

          Comment

            #6
            grassfarmer! you get a hard slap on the wrist!

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              #7
              2.6% annual return on capital through lease
              revenue alone. Not bad in the current climate.

              Comment

                #8
                Sure glad I got someone thinking . It was getting lonesome out here.

                Comment

                  #9
                  I wonder who bought it they probably need a few cows, mabey just a few yanke whitetail hunters?.
                  18500$ oil how many wells? So many questions and so few answers. Have to dig a little deeper.

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