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E249: Learning the Business of Commercial Ranches with Jeff Smith
Looking to expand your asset classes? Investing in agricultural land sounds pretty interesting. But is it worth investing? In today’s episode, Erik Cabral speaks with Jeff Smith, the co-owner of Colorado Craft Beef. A veteran of the cattle and the food agricultural industry. Jeff offers a wealth of knowledge about the practices, the supply chain, and the economics of beef and other animals.
Here are some power takeaways from today’s conversation:
Episode Highlights:
[08:46] Breaking Down the Value of a Steak
By the time you get your beef at a grocery store, it has likely gone through six or seven entities from the time it was born to the time it gets to your plate. At Colorado Craft Beef, they get calves from their partner cow/calf producers and finish them before taking them to a partner harvest facility that does 1,500 per year, not 6,000 per day. Their prices have to be a little bit higher than other commercial beef. But they know where the calves have been since they were born.
[23:24] A Look at Commercial Ranch From a Real Estate Investment Perspective
In the ranching world, selling real estate is considered a cardinal sin because they don't make any more of that. Plus, you can't sell the business because the actual cattle company isn't worth anything. All of it has been plowed into hard assets, which is great. But at some point, you’ve got to be able to pay the bills. That's where some of this disconnect with agriculture comes from – you can be land-rich and cash-poor.
Resources Mentioned:
www.coloradocraftbeef.com
Extreme Ownership by Jocko Willink
Red Notice by Bill Browder
Entrepreneurs Circle podcast is an On Air Brands production.
On Air Brands is one of the leaders for launch, production, and promotion of top-rated business and real estate investing podcasts. Reach out to On Air Brands here ---> [email protected]
Learn more at: www.onairbrands.com
Find and follow find Erik at: www.erikcabral.co
Download Erik's FREE GUIDE to podcasting at: www.erikcabral.co/guide
Check out this show and previous inspiring guests at Entrepreneurs Circle in Apple Podcasts.
View all episodes
By Erik Cabral
5
5151 ratings
Looking to expand your asset classes? Investing in agricultural land sounds pretty interesting. But is it worth investing? In today’s episode, Erik Cabral speaks with Jeff Smith, the co-owner of Colorado Craft Beef. A veteran of the cattle and the food agricultural industry. Jeff offers a wealth of knowledge about the practices, the supply chain, and the economics of beef and other animals.
Here are some power takeaways from today’s conversation:
Episode Highlights:
[08:46] Breaking Down the Value of a Steak
By the time you get your beef at a grocery store, it has likely gone through six or seven entities from the time it was born to the time it gets to your plate. At Colorado Craft Beef, they get calves from their partner cow/calf producers and finish them before taking them to a partner harvest facility that does 1,500 per year, not 6,000 per day. Their prices have to be a little bit higher than other commercial beef. But they know where the calves have been since they were born.
[23:24] A Look at Commercial Ranch From a Real Estate Investment Perspective
In the ranching world, selling real estate is considered a cardinal sin because they don't make any more of that. Plus, you can't sell the business because the actual cattle company isn't worth anything. All of it has been plowed into hard assets, which is great. But at some point, you’ve got to be able to pay the bills. That's where some of this disconnect with agriculture comes from – you can be land-rich and cash-poor.
Resources Mentioned:
www.coloradocraftbeef.com
Extreme Ownership by Jocko Willink
Red Notice by Bill Browder
Entrepreneurs Circle podcast is an On Air Brands production.
On Air Brands is one of the leaders for launch, production, and promotion of top-rated business and real estate investing podcasts. Reach out to On Air Brands here ---> [email protected]
Learn more at: www.onairbrands.com
Find and follow find Erik at: www.erikcabral.co
Download Erik's FREE GUIDE to podcasting at: www.erikcabral.co/guide
Check out this show and previous inspiring guests at Entrepreneurs Circle in Apple Podcasts.