Money in the Bank & Trust

If you’re a farmer and raise livestock, or you have a backyard farm, then feed or hay should be considered “Money in the Bank”!  We had our hay delivered today, and that is a picture of it stacked and ready to get us through the next 11-12 months.  Right now we have 4.5 tons of prime third cutting Eastern Oregon orchard grass hay.  It smells wonderful, and the animals LOVE it.  But one problem, HAY IS EXPENSIVE!  I’m guessing in other parts of the country where the summer rains just haven’t come, hay is getting close to cost prohibitive.  This year we are paying $280.oo/ton.  That is the most we have had to pay to get good hay.  We could purchase lesser quality hay and save some money, but then we would be hurting our animals.  It is hard to find the fine line between quality and price.  How do we make the decision?  We have found an expert to get us our hay, and we trust her and her knowledge.

I think this is the key to many items we have to purchase.  Trust!  You have to find someone that you trust.  Do you trust the person helping you at the car dealership when you are buying a new or used car?  Can you trust your realtor?  How about the guy you see every week at the grocery store in the produce section?  Do you trust what they are telling you and do you take their word for it.  This is one of the reasons we became “farmers”, trust.  We didn’t trust where our meat (beef, pork or poultry), eggs or dairy were coming from.  We decided to become the experts for ourselves, and we now raise our own meat and eggs, and within the year our own dairy products.

You need to trust who you are working with, but for me, it’s most important if you trust yourself first.  There were a few times when me and my wife were first married that we didn’t trust ourselves when we didn’t feel good about a certain purchase or insurance.  We went against what we felt was right because we didn’t want to hurt the person we sort of knew.  That ended hurting us financially.  We purchased insurance products that made us no money and only made our “friend” money.  We’ve learned to trust ourselves first.

TRUST YOURSELF first and then you can know if you can trust others!

The reason our hay is money in the bank is because we will now not have to pay to feed our animals this year.  It is paid for and we’ll get a return out of it.  If we feed our female animals well, we’ll get healthy babies that we can sell, we’ll get a brand new baby cow and then we’ll start getting milk, and then from this hay, we’ll have milk, eggs, cheese, butter, ice cream, fiber from our alpacas to sell and we’ll make money from the babies we can sell.  That is money well spent!

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