It looks like I will soon have the opportunity to take a job that will largely allow me to move back to my family's farm and work from home. I have lived in a large city for several years now for work (hate city life, but have enjoyed my job). But, have always wanted to move back and raise Herefords again -- something I had all through my childhood (I'm 26 now).
What is everyone's thoughts on the long term outlook of the cattle industry? Are cow-calf operations going to exist into the future, is there going to be a long-term market for commercial bull sales? (I realize location is also a big factor here, but I'm asking just in general)
Things like lab grown "meat" really concern me, look at how the plant-based "milks" have disrupted the dairy industry.
I'm fortunate that money really isn't a huge concern, and other parts of the operation (land, buildings, drinks and other infrastructure) are still there and ready to go. Some fences may need a little work, but nothing that can't be fixed up. And while I am far from an expert, I have a pretty good foundation of knowledge based on my own experience and from literally years of reading and following several of you all on this forum and others like it.
So, if you all were in my shoes -- would you do it?
As far as the long term prospects, who knows? The cattle industry is controlled by 4 packers who are more than willing to cannibalize anyone. I often wonder why we should subject ourselves to the uncertainty that brings. On the other hand, even without a value to agriculture the land you accumulate will appreciate in value. If you can raise a family with true rural values, work shoulder to shoulder with your children, accumulate assets, and do something you love there is no reason to hesitate.