Website owner: James Miller
If one's main objective is to keep cash outgo to an absolute minimum I question whether raising any kind of livestock can be justified. The only kind of livestock one might justify is something that could live solely by foraging off your land, something for which you didn't have to buy any feed. There are some animals that you might be able to do this with (such as goats, rabbits, geese and ducks) but I am not sure if you could or not. In general, it takes several pounds of grain to produce one pound of meat for any kind of livestock you might raise and that makes meat a very expensive luxury food as compared to staple foods such as rice, beans and flour (i.e. bread). One might be better off just depending on hunting and fishing for his meat. When one considers how cheap dry milk is I doubt that one could justify a cow unless he has a large family and requires a lot of milk. You have to shelter a cow and provide winter feed for it which you would have to either buy or grow. If you are going to grow that feed yourself that requires investment in farm machinery. In most cases I suspect you would come out far ahead by just buying the milk. The way raising livestock might be justified is if you are raising it to sell, as a business operation. You invest in whatever feed is required and expect to get your money back when you sell. You would then be going into the business of farming. That requires capital for farm equipment and I doubt that many people make much money in farming unless they go into it in a big way. Apr 1984
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