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re: Crawfish farm profitability
Posted on 1/11/21 at 7:47 pm to Cowboyfan89
Posted on 1/11/21 at 7:47 pm to Cowboyfan89
Being a lease farmer is tough. If you do not already own the land farming is a risky endeavor to get into in this day and age.
This post was edited on 1/11/21 at 8:55 pm
1
Posted on 1/11/21 at 7:50 pm to Cowboyfan89
I’m preaching to the choir here, but owning land sure as heck gives you 15-20% more buffer though. That’s make or break a lot of times in ag. I know very few who have upstarted without being born into it. Not saying it can’t be done, but you better have some money behind you when you start.
This post was edited on 1/11/21 at 7:50 pm
Posted on 1/11/21 at 7:57 pm to texag7
Projected Costs and Returns for Crawfish Production in Louisiana, 2015
Though projected costs have not been updated since 2015 (authors retired and weren’t replaced b/c budget cuts and personnel reductions) costs have not dramatically changed over the past 5 years.
State-wide average yield is estimated in the 600-650 lbs/acre. As jimbeam indicated, some crawfish farmers do consistently better, others consistently worst. It is a tough business, but many make a decent living or supplemental income. Few farm crawfish on a full time basis - for most it’s a part-time occupation providing supplemental income.
Though projected costs have not been updated since 2015 (authors retired and weren’t replaced b/c budget cuts and personnel reductions) costs have not dramatically changed over the past 5 years.
State-wide average yield is estimated in the 600-650 lbs/acre. As jimbeam indicated, some crawfish farmers do consistently better, others consistently worst. It is a tough business, but many make a decent living or supplemental income. Few farm crawfish on a full time basis - for most it’s a part-time occupation providing supplemental income.
This post was edited on 1/11/21 at 8:02 pm
Posted on 1/11/21 at 8:07 pm to KemoSabe65
quote:
Do you have a spreadsheet for cash flow on these farms?
Your farmers would do better investing in rent houses for ROI.
So? ROI isn’t the only factor to determine happiness for example
Posted on 1/11/21 at 8:43 pm to baldona
Most farmers I know are like a duck, calm on top of the water and paddling like hell underneath. Only a heroin addicted banker would front enough money to buy land, equipment and working capital. 
Posted on 1/11/21 at 9:16 pm to jimbeam
Leasing everything isn’t the end of the world. It can be done, but is near impossible to get started, pay yourself a livable wage, and grow the operation if you don’t start off with some cash.
If you don’t have a source of cash, the best way to get going is working for and being valuable to a farmer that’s very financially sound (doesn’t need the bank) and not too selfish. Rent a small piece of land at a reasonable rate and run some of your expenses through his much larger farm so you can take advantage of bulk buying/pre-paying for seed chem fertilizer and you don’t have to pay a lot of interest on borrowed money. If you can find a man that will allow you to do that, you can chip away on some of those financial barriers to entry and be able to eventually knock down some legit returns.
If you don’t have a source of cash, the best way to get going is working for and being valuable to a farmer that’s very financially sound (doesn’t need the bank) and not too selfish. Rent a small piece of land at a reasonable rate and run some of your expenses through his much larger farm so you can take advantage of bulk buying/pre-paying for seed chem fertilizer and you don’t have to pay a lot of interest on borrowed money. If you can find a man that will allow you to do that, you can chip away on some of those financial barriers to entry and be able to eventually knock down some legit returns.
Posted on 1/11/21 at 9:26 pm to KemoSabe65
I don’t disagree. But I think there’s a lot to be said or that can’t be explained I should say about working land you own. That’s what I was explaining, there’s something enjoyable about it. More so then simply owning an investment that you are uninvolved with for the most part.
Now, how much is that worth? It depends on the person. But I think there’s a lot of farmers out there that feel like they are living life well above their income.
Now, how much is that worth? It depends on the person. But I think there’s a lot of farmers out there that feel like they are living life well above their income.
Posted on 1/11/21 at 10:07 pm to baldona
Ex girlfriends dad has rice fields. He would stock 6 fields and would average about 12 sacks a day 6 days a week. The majority of his crawfish were selects and were shipped out to restaurants. I don’t know how his ponds always yielded big ones. I prefer mediums.
Posted on 1/11/21 at 10:52 pm to lsuson
quote:That doesn’t sound too good
He would stock 6 fields and would average about 12 sacks a day
Posted on 1/12/21 at 12:25 am to jimbeam
When you factor in he harvested well into the spring when most farmers shut down, he made bank.
Posted on 1/12/21 at 6:17 am to lsuson
(no message)
This post was edited on 1/12/21 at 6:18 am
Posted on 1/12/21 at 6:25 am to texag7
If I ever hit the Lotto I'm buying me a crawfish pond, a crab boat and a trawl boat. Hell might even throw in a snapper boat and a long liner for good measure.
Posted on 1/12/21 at 7:04 am to texag7
also profit depends on whether or not the crawfish mafia deems you worthy to buy from at a fair market price. but that's not in the LSU literature or USL's but it's as real of a coast of goods sold as labor and bait.
Posted on 1/12/21 at 9:23 am to texag7
I would bet on their tax returns very few show a profit
Posted on 1/12/21 at 9:47 am to choupiquesushi
Same with crab fisherman, some docks pay more to certain fisherman than others. You can make a lot more money selling to the public but it's a lot more work.
My buddy sells straight to the public, he only brings in what he has orders for and maybe 1 or 2 extra crates. Doesn't even mess with the dock anymore.
My buddy sells straight to the public, he only brings in what he has orders for and maybe 1 or 2 extra crates. Doesn't even mess with the dock anymore.
Posted on 1/12/21 at 11:14 am to jeffsdad
Can only show a 7 year loss before the IRS descends upon you for dat exam neg. If you fail to show a profit in 7 years you probably need to rethink farming no matter how much it gives you the feels.
Posted on 1/12/21 at 1:15 pm to CrawDude
quote:
Projected Costs and Returns for Crawfish Production in Louisiana, 2015
quote:
by
Robert W. Boucher and Jeffrey M. Gillespie
So I'm supposed to trust the official State Projections that were done by this guy?
Posted on 1/12/21 at 2:14 pm to cdaniel76
Trust his momma, because that’s where he gets the vast majority of his info.
Posted on 1/12/21 at 2:21 pm to prostyleoffensetime
Do crawfish have teef?
Posted on 1/12/21 at 2:49 pm to texag7
Average catch per acre in SWLA is about 700-750lbs/ac
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