KANSAS COLLECTION BOOKS
Excerpts from MARVELS OF THE NEW WEST by William M. Thayer.


From MARVELS OF STOCK-RAISING.




A. A. HAYES' ESTIMATE OF STOCK-RAISING PROFITS

We will suppose an individual or a firm to have found a ranch
  to suit him or them in Southern Colorado, and to have bought
  it. The cost is hard to fix; but one of 10,000 acres, in com-
  plete order, could not stand in at more than.................      $50,000
A herd of 4,000 good cows could be bought at $18 each, or......       72,000
And 80 good short-horn and Hereford bulls at an average of
  $50 each, or................................................        4,000
                                                                    -------
Making a total investment of..................................                $126,000
                                                                              ========
By careful buying in the spring one should get 70 per cent of
  calves with the cows, or say 2800 calves. Of these, on the
  average, one-half, or 1,400, will be heifer calves. At the end
  of the first year affairs should stand as follows:--
The 1,400 heifer calves will be yearlings, and worth...........     $14,000
There will be also 1,400 yearling steers, worth $10 each, or...      14,060   $28,000
                                                                    -------
With a herd of this size expenses may be put at not more than..      $5,000
And for contingencies, sundries, and ordinary losses it is safe
  to take 4 per cent on capital invested in stock, say on
  $76,000......................................................       3,040     8,040
                                                                    -------   -------
Profit at end of first year....................................                         $19,960
At the end of the second year the 1,400 heifers are two years old,
  and worth $5 more apiece, or say.............................      $7,000
And of the 2,800 (70 per cent of 4,000) new yearling calves,
  an average of one-half, or 1,400 will be heifers, and worth
  $10 each, or.................................................      14,000
1,400 two-year-old steers are worth an additional $6 each, or..      $8,400
And the 1,400 new yearlings are worth $10 each, or.............      14,000   $43,400
                                                                    -------  
Deduct expenses................................................      $5,000
And 4 per cent on $76,000 + $19,960 = $95,960..................       3,838     8,838   $34,562
                                                                    -------    ------   -------
At the end of the third year the original 1,400 heifers are three
  years old, and worth an additional $3 per head, or...........      $4,200
The yearling heifers of last year are two years old, and worth
  an additional $5 each, or....................................       7,000
There are 1,400 yearlings from the original stock, worth.......      14,000
And of the offspring of the three-year-olds (70 per cent of 1,400
  = 980) one-half, or 490, are heifers, and worth                     4,900
The original 1,400 steers are three years old, and worth an ad-
  ditional $10 each, or........................................      14,000
The 1,400 steer calves of last year are two years old, and worth
  an additional $6 each, or....................................       8,400
And there are 1,400 yearlings, offspring of original stock, and
  490 offspring of new three-year-olds--in all, 1,890-at $10
  each.........................................................       18,90   $71,400
                                                                    -------
Deduct expenses on 5,400 cows, say.............................      $6,050
And 4 per cent on $95960 + $34,562) $130,522...................       5,221    11,271
                                                                    -------    ------
Profits at end of third year...................................                          60,129
                                                                                        ------- 
Total net profits for three years..............................                        $114,651
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