re: Beef prices and farmers...

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Because more often than not (according to the farmer and his feed techniques) you will be getting a much better product. I said that 7.70/ pound was high but realize the cuts you are getting it's not just 6.00 a pound ground beef. Go buy select cuts of the beef you would get and look at those prices per pound. I bet it would average out to about 7.50/ pound.

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I, admittedly, know very little about this industry. I'm just trying to get my head around the economics of it.

Are you saying the beef sold in the grocery store is an inferior product compared to a local cattle rancher? Where does the beef come from that is sold in the grocery store? Who does the local cattle rancher sell his stock to? If I were to want to get into this line of work, and acquire 200 head, would it be difficult to find 800 people willing to spend $1000 on a quarter?