Identifying Ranches for Sale in Colorado Ideal for Raising Beef Cattle
The U.S. beef industry continues to soar, and savvy investors who got in on the action quite early are reaping what they’ve sown. According to an article from USA Today, the price of U.S. beef has reached an all-time high:
Consumers aren’t likely to get a break on soaring beef prices soon. Cattle prices, already up sharply this year, are flirting with record highs.
Cattle futures for mid-October delivery climbed 1.9% to a record $1.58.18 a pound, as tight supplies and rising summer demand continued to bolster prices.
Through June, ground beef prices were up 15% to about $3.40 a pound over year-ago levels. USDA choice grade sirloin steak was up 16% to $7.69 a pound.
It is not yet too late to seek ranches in Colorado for sale if you are interested in getting in on the action. After all, several foreign countries have been re-opening their doors to imported U.S. beef. As such, many experts are predicting that record-setting prices are here to stay and will continue well into the future.
Of course, if you want to make the most out of your new beef ranch, you need to make sure that the cattle ranches for sale in Colorado that have piqued your interest are ideal for raising cattle. Here are a few tips to help you identify such ranches:
The holding capacity is typically defined as the amount of livestock a plot of land can support. The key here is to find a ranch that can support the herd size you have in mind. Trusted ranch brokerages like Mirr Ranch Group often have a variety of lands and carrying capacities to choose from, so don’t hesitate to share your intended herd size with your broker.
Always survey the land before you purchase it. In particular, you should be on the lookout for flora that is poisonous to cattle. Some of these plants include Western Waterhemlock and Deathcamas. You may want to bring someone well-versed in native plants with you to identify dangerous vegetation and have them removed before introducing your herd to the land.
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