Inflation on 100,000 Acres
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- Опубликовано: 27 сен 2024
- Ranching has become harder and harder to make a living in this economy, so I sat down with an old friend who's family used to own over 100,000 acres of land to discuss the current condition of the markets and inflation.
Bill Briggs Belt Company:
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American ranchers and farmers have my highest respect and admiration.
Agree @LaurieHansen5405
My Dad was the head ranger in Idaho Falls and N. Utah Ogden district in the 70-early 90’s. As he retired he was frustrated having to deal with new hires that never went into the field. They tried to manage their district from an office with a computer. He talked how this would ruin the forest by not actually being out in the field and how they were managed. He was right, my Dad grew up on a ranch/dairy in C. Utah and understood what you guys talked about here. He rode his horse multiple times a week to look at the timber and range and to meet with the ranchers(he took me and my brothers along all the time that would not be allowed today). Today most forest service officials don’t know how to ride a horse, never managed a herd of cows or sheep and like you said proclaim facts that are demonstrably false. His main reason for leaving a few years early was the politics and that they wanted him to wear a gun, he said that is not what he signed up for. If you ask him today he will tell you he had the greatest job and how much he loved going to work. It was just the last few years there by the mid 90’s that he realized it was no longer the same job, he so much loved when he got started. Book learning will never be a substitute for actual boots on the ground, in any profession.
It's kind of depressing to what's happening to farming/ranching industry and that lifestyle and all of the hoops they have to jump through. Great to listen how it used to be. Thanks Trinity.
I'd bet 100 they voted for the Republicans that have monopolized their industry.
I was in the banking business for 15 years starting in 1973 and we had a saying for those in agriculture at that time " they live poor and die rich"
On paper… the $$ is in the real estate not the crops you grow so you have to sell out to reap the benefits
And we lose another family farm. Sad.
Love it- our family ran sheep and cows in Idaho when I was little- The old 2 story home had creaky stairs with buffalo hides on the bannister-Great grandad smoked Lucky Strike brand with no filters- His hat was a Stetson from the 30's- Wish I had that land and acreage today...The things you remember from your youth..Cool stories to hear from you guys...Thanks
This conversation & others similar need to be inserted in the book learning institutions so the powers that be are properly educated in the real world living. Thanks for your honesty.
Great video Trinity! Perfect example of what happens when "Government Experts" think they know what's best for the land and don't actually listen to real experts that have been stewards of the land for centuries.
I love these talks and discussions like this about ranching and living this life from inside out and all angles of it. I've learned a lot and glad that you share it all with us and taking us along for the ride (often literally).
Nothing like a late night story night, while sanding cabinet parts.
This guy is very knowledgeable could listen to you two all day great job
What a fascinating conversation. Thankyou for this.
Man I hope we don't lose all this when you guys are gone.
You cant teach experience but you glean fom the experienced. Its great you are sharing
Good sharing. I even shared this video with some people. What you talked about is well-known facts, yet it gets forgotten about. These small debate have so much good information.
Amen to that.
Fascinating podcast. Thank you for giving us such interesting content.
Another video with great content. I have taken part in conversations like this, they happen daily across our beautiful country. I know we try to hash things out almost every morning over coffee. Thanks for bringing it hopefully to those not in the farm and rance life. Maybe they can understand and look to the realistic future of their lives.
Observational wisdom regarding the importance of 'maintained' land is available to pull from when we listen....and when we pay attention! Love this sit down, keep up the good Trinity!.....and thank you Bill!
ALSO....@46:00 - average elevation at Yellowstone Park is about 9200'....🤣
My degree is in animal science with a minor in botany. My professors did not have a clue 86% of the time. I leased a lil over 2000 acres for whitetail and these wildlife biologist came in and said I had to take this many deer or they would ! I knew better and kept a dummy log. We never took 1/4 of what they wanted us to. They came back in two years later and were so proud that we took all of those deer. In the last 7 years we’ve taken six record book deer doing it my way. Our herd is stronger and healthier than ever before and they’re patting themselves on the back. If they only knew. I managed the timber started putting in summer food plots mineral licks and shooting age only unless genetics was messed up on a deer a couple years in a row. First came their weight then their horns/antlers came next jus sayin I have a degree and learned twice as much being in the woods watching what the deer wanted and when they wanted, I knew more than a professor tried to teach me. We would have had at least 30 -40 less deer if we we
Great video Trinity. Here in New Mexico, Alamogordo area we are blessed to have a relatively new custom meat processor with new USDA certification start business and provide varied beef packages of varied cuts available. The cost is reasonable as compared to the grocers but is definitely better tasting product. Listening to your numbers in the ranch costs in all aspects is mind boggling.
I understand what you are saying about the prices. I am 70 years old and my oldest son is taking over. I run about 1000 Red Angus-Red Simmental cross cows. The plan is to trade the pasture for farmland. We have already traded 12 quarters for 4.
Work for the USFS. Everything you're saying is true. Totally full of young idealists who have zero idea what they're doing and go-along / get along careerists who roll with whatever DC is on to this time. No idea how the impact of ruminants are a key part of the ecosystem and always were.
And lets not go into how the fire management system over the last 100yrs has created a total disaster.
The contention that the most robust free ranging ruminant on the continent didn't go above a certain elevation, but elk do, is full display of the university system's utter failure.
Excellent video. Thank you Trinity!
Great stories...did most of our elk hunting down near that area. Amazing to see the big herds.
That new hat looks good on you!
The prices for pickups are artificially high right now. COVID did create some issues for the car companies, but the supply chain has been normalized for a couple years now. They are just keeping the prices for popular vehicles high out of greed - and some dealers are guilty as heck of this. I bought a new truck in early 2019 - a maxed out Tundra with all kinds of gadgets to take my eyes off the road lol. I paid about $52K. Today? Yeah, you are looking at $80K.
Great video! Not many folks know how the cattle business, and indeed anything agricultural, has changed over the years. The margins aren't very good for a ton of work (real work). You gotta want to do it, and then pray that you can stay in the saddle through all the potential problems.
Great interview...so true .book knowledge vs real hand on knowledge...go with the old timers for sure... Trinity the new hat looks great on you...and I looked up the belts... beautiful craftsmanship...Thanks for sharing...
Yup I sold out in 89 and got 1.14 for my 60 head. I went to the stockyard last Monday and most calves started at 1.44 I think the highest I saw was 1.49. I bought a new Chevy for 18.500 when I sold, a buddy bought a new Chevy with all the bells and whistles Wednesday and it was 89.9. I was paying .79 for diesel I filled up Friday and it was 2.87. If I didn’t raise my meat and grow a garden I’d have to go back to work at 66. I’m glad to have my little 80 acres to take a couple deer and raise my food I don’t know what I’d do if I didn’t.
I can't like this conversation enough. Expecting to see more 👍
That was so informative and refreshing to hear you two talk. Thanks for Sharing
Man I'm glad you said something about the chains on four by four. Sure learned about what not to do. About those suv and trucks.many thaks about being stupid putting on the wrong chains.
I appreciate this man finally stating the truth. How can young people become ranchers now. There’s no way. We would have to become multi millionaires from something else. Ultimately it’s up to the land owners to decide to sell at the appraising price or sell it cheap to a new ranching family (if they have no heirs).
This is an awesome thing!
I am 65 years old and work in HVAC for 40 years and raised horses every sense I can remember and ur right about there is a difference between book smart and reality love ur video’s keep them coming please
8:53. No. No it isn't. And, all of these programs are fixable. The question is, Are we willing. Just so you understand. Your insight, and the information that you bring to the table. It's invaluable. And just as important, Appreciated. Thank you guy's for having this conversation.
I guess that I'd be pretty willing to do what is needed to sit down with ya'll, to have a discussion about what could be done.
I love your show. I grew up on a small family beef farm. Hobby farm I guess. My granddad. All beef pork chicken all came from that farm up until my early 20s. I just retired at 52 yrs old. Big whitetail deer hunter. I grew up hunting the ADK mountains. I watch all tour videos and thankful you bring the ranch life truths to the world. I have a year left until my youngest graduates and my plans are to head out to montana or wyoming and volunteer my time to actually work on a ranch. The Buffalo guy you did a video on, I would love to come out and work for him for nothing more than the experience. It sadden me to know that there are a population along with a corrupt elite who want to shut this all down.
Love the new hat!
Thank you for making this.
Fantastic information!!!we so enjoy your videos
Im new to your channel and immediately subscribed after watching this, my first video. I have so much admiration for farmers and ranchers. My aunt and uncle own a huge dairy with the doubtable milking station in franklinton La . Duncan farms, i thinks there’s some 4H and such videos on RUclips. It began when my great grandparents were young and now my uncle is in 90s and now my cousin who’s I guess 60 and it has grown and grown.
Interesting conversation. What keeps prices low on supply side is people selling at low prices. Makes competition need to race to the bottom. Some can sell at low prices due to margin for their business. Others can’t make those margins need to find another market. Lone Tree belts doesn’t compete with mass produced belts. He found another niche. It’s like that. Thanks for posting. You’re discussion about engineering was also very good. I got a laugh. Our better interns out of school were always amazed by the more practical matters. The old adage never put green with green is a standard I hope we don’t get away from.
Here's something to add to what's going on in montana , I just read , starting July first you will have to buy a use permit to recreate on state owned land in montana..or face a $500 fine ..this covers all fishing accesses , parks , campgrounds and hiking trails and probably more that their not saying .. the state did this quietly and just announced this last min ...
Ford prices are so outrageous today. I've said it before, I am from Texas. My grandfather was a Ford and International kind of guy. My ol' man is the same. Me I am a Chevy guy. Alot of folks don't realize trucks down south are cheaper specifically GM and Chevy because they are closer to the manufacturers down in Mexico. For example in 2019, I was looking to trade in my 2000 Chevy Tahoe for a Silverado. In Austin a 2016 Chevy Silverado z71 4x4 with 38k miles was going for $40k and up. I thought that was ridiculous and don't get me started about the dealers between Austin Taylor, Round Rock, Bastrop, Elgin, etc. Because folks who were moving in from the boom were being priced out by their own management for their respective tech companies, folks were buying houses in the towns around Austin, and the dealers knew it just like real estate agents selling them on overpriced cookie cutters knew it. So I went and headed farther North to Georgetown (note: Georgetown, TX has grown astronomically since then, and is one of the fastest growing towns in the country) I found a 2015 Silverado z71 4wd with 19k miles for $21k no haggle. I inspected it drove many other trucks on the lot but aside from a used scratched up bed from the first owner, a local rancher, who wanted to maintain his diesel fleet instead of gas for the towing capacity. I still have that truck, and I am on the fence now about selling it. Although, my family back at the farm is considering taking it off my hands since it is farm ready and they know how I take care of vehicles even at 130k miles.
THE POINT of the story is by getting closer to the value chain outside of boom towns and you can still get a good deal at least if it is gas or diesel rust-free. However, you got to want to pick it up or have it delivered to the ranch. Now if you're one of those buy American folks and aren't convinced because Chevy has its parts made overseas, were talking costs, specifically the marginal cost and what it can cost you as a buyer, were talking trade agreements which honestly if it is made in Mexico, imo that's good enough for me no problem and the US makes its money back from this mutually beneficial agreement that is too long and complex to put in a comment. Currently drafting an article on USMCA for publication this autumn.
As always thanks for the video trinity, as a young man I love to watch your stuff always reminds me of my folks back in Texas and I look forward to hopefully one day making your acquaintance in person on my trips West. For the record lived in the Colorado Rockies earned a degree from the Colorado School of Mines, spent a bit of time in WY mostly due to the similarities to Texans in lifestyle and mannerisms that are hard to find outside of Texas, and met often with hostility in Colorado and on occasion Montana. Sorry, we just tire of flat landscapes.
Just looked it up and in 1979 the price of 1lb of sirloin was 1.36 or 5.76 in todays dollar and its what 7-12$ at the store currently. The problem isnt peoples willingness to pay for the end product its all the supply chain guys making huge profits while starving the guys making the money for them
Buy locally
I met a man in 1977 named Fred Thompson in Montana and he said remember my name at the time I didn’t know why but he directed my friend and I to a free meal they were having some sort of celebration in this town we were on a bicycle tour
Very educational thank you!
Wow interesting.
Taking the general US inflation into the picture, 10 mill in 1979 is equivalent to about 40 mill in 2023. They mention 80-90 mill today for that 100K acre ranch, so the land prices has at least gone x2. 1 usd in 1979 is about 4 usd today. When mentione that beef price is 1.42 as of to day, the price has actually decreased by 65%. I'm not an economist, maybe some fatcors missing from this picture)
Talk about crazy - try to get a gallon of Barge rubber cement like the one on the cabinet in Los Angles Commiefornia! Good video, thanks.
great video reality is totally different where a million people live in one large city !
Great video. Our government wants 2 classes the poor and the rich. But will our children look back and say The good old days ?
Great video.
Farmers and ranchers are to blame! No one wants to stop the government and corporations from inflating the dollars. They divide us into groups so we fight amongst our selves rather then fight the government. Every farmer and ranch needs more land to survive so they fight over land rather then fighting the government over printing more money and corporations from destroying the markets
Mina Nevada has several Sears and Roebuck houses.. good show Trinity
Beef is controlled by the same group who controls everything
$8,000 in 1905 is equivalent in purchasing power to about $279,137.27 today. Basically incomes have not increased as much as the price of goods/services/land. Question, do you think there will be foreclosures in the ranching industry in the coming years?
I have the hospital bill for my birth in 1940. It is $4.27!!! One night stay and two meals for child birth and delivery room charge was $1.50 out of that total.
CPI Inflation says 1940 $4.27 in 2023 would be $92.76 . Average price of childbirth in 2023 out of pocket with insurance was $2,854 .
That was great
Ranchers are not making more money, but prices for meat in grocery stores are horrendous.
The elk were near the cattle because the ranchers killed all the predators,when they moved the cattle out the elk either moved of were killed by the returning predators
Trinity, didn’t the Matador recently sell for $200 million? I believe it was over 100,000 acres and was the biggest $ sale in Montana history. I’ve hunted on the Matador and it was a real privilege to see it.
I spent most of my life on the Matador and my Dad retired as the General Manager of the ranch after 37 years.
It did sell for $200 Million, and covers over 340,000 acres (more now).
My Dad wrote a book about his career on the Matador last year. It's called "Cowboy in a Corporate World" by Ray Marxer.
@@TheAdventureCowboy Wonderful life. Thanks for sharing. I live in the Flathead and was down there hunting west of 15 a few years ago. We weren’t seeing any elk so we drove over to the Matador for permission, where we got the ok. Just down the road from HQ there were a few whitetail and muleys in a pasture on the west side. One of the whitetail was a very nice buck and he had a couple of does with him. We stopped and glassed him for a while and I noticed a truck sitting off the road a few hundred yards ahead. I looked at it through my binoculars and there was a guy watching us from the truck. Looking to catch someone illegally shooting the buck, no doubt. We drove through the ranch headed west and came out at Lima. Saw a few deer, but no elk. A magnificent piece of the west. I’m sure growing up there was great, and like all Montanans, I hope the Murdock family preserves it in its natural state. And, I ordered your dad’s book today after your plug. Looking forward to reading it.
I cowboyed for your Dad (Ray) when he was the foreman over at Sage Creek (east of Dell). You were just a baby then. I sure value that time I spent there.
I’m, living in Kansas now, and retired.
Please tell your Mom and Dad that Glen says hi. I hope they are doing good. I’ll see if I can get a copy of that book.
@@glenwise2631 Hello Glen! I will forward this comment to them. They will sure appreciate it!
Love the new hat
The only way a Rancher can make it these days is to become a RUclips or TikTok star. The cattle are just stage props. We must Taylor Sheridanize our business model.
Assuming a single individual, it would take an average of 16 years in and around 1905, to get 9500$.
One person, would have a hell of a time affording that house back then.
16 people could go splitzies and make it work out in a year.
The cost of land wouod go down if the government hadnt srolen over 1/3 of the land mass
Shows you how profitable it was in the us to be a rancher now it’s living on peanuts and worse and worse to come
I don't know, but maybe ranchers that sale cattle for meat could start processing the meat freezing the meat, and then buyers have to come and pick-up the meat they want and take it to where they want it. Make the buyers responsible for the fuel cost, or just factor the cost of fuel in the price of the meat. I don't know man, I just don't know.... I do know this, the more people, businesses, industries, etc.., that eat the cost of fuel the better individuals will be.
Great uncle in emergent mt. Dad died took over ranch at 8th grade drove cattle to Belgrade put on train 1917 took profit bought stock in black stuff called oil ww2 made money on stock. Bought first model t pickup only 1/2 hour to Livingston faster than horse and wagon. Model t came on train.
farmers need to cut out all the middlemen and sell direct to the people , we save and they will make more . farm to table I got a stear from a farmer and had it butchered at a cost of $4.50 lb One of the problem is farms get greedy and sell farm to table and still try to sell sell beef at retail prices like $12 lb for a steak when it could be sold at $6 lb $4.50 lb over what they get now.
Back in the 70s the blm had maybe 30 people managing all the public ground here in the big horn basin now there’s over 300
my new 1978 f250 was $5195.00 in Hardin in april 1978
What wold be the best to raise for profit cattle or Buffaloes? Big decision! Thanks 🐻🙏🇺🇸
My children cost me 1100 out of pocket back in 73
he can sell off the excess cattle on the 24 to other ranchers with more land too
Just the same problems on the moorlands of Britain. "Experts" telling Farmers ,often after generations of successful Farming, how to Farm .Pickup trucks that are no longer practical. Generations and continents apart we are facing very similar problems around the world. From my native Cornwall we exported Farmers as well as Miners worldwide
Why has the butcher/grocery prices tripled or even quadrupled in the past year? Why don’t the ranchers see that mark up? Just curious.
It's because the meat processors centralize their operations so that a few control over 80% of the meat processing. Big processors kill the local processor, and the big processors and wholesalers jack the prices and take the profits. While hiding behind USDA regulations that are scale prejudicial. And then, with farmers and ranchers having fewer options to take their cattle to process the few options they have, pay the farmers and the rancher's less. them slaves to them.
Food prices are controlled by the government via farm subsidies and imports. The U.S. government has a cheap food policy that they have been implementing for decades I'm guessing so people spend money on other things.
My 2018 lt was 32000 same pick up today 65 70 k why but 2018 just has 22k miles I’m 67 so I’m a thinking 2018 will last me
That 2018 won't make it even 10 years before it starts falling apart and needs major repairs.
Wonder how much a non citizen without insurance pays these days for childbirth in this country.. food for thought..
trinity, who owns the unused land in montana? can a person drive a stake in the ground and say this is mine or is all the land owned and has to be purchased.
All the land is either owned by private landowners or public entities.
You have to inherit or buy it if you want to own it.
Sick and tired of getting cheated in the beef business, we’re gettin attacked from every angle and it’s no accident!
Calf Prices are sky high right now. If you ain’t making money with todays prices….. you need to get out of the business. This market is sizzling hot and will be for the next 2-3 years at least.
Please study-Joel Salatin thanks
Befor the cow was large herds of buffalo
Let me know if you start a go fund me for the poor rancher with a hundred thousand acres. Not sure I have two f###s to give but I'll dig deep. Goodness.
ranching, ppsshh. il never own a house! besides land. half million dollr house for a shoe box. and the bank still owns it,
debt doesnt pay off debt.
I have a question? Why can't the farmers and ranchers just cut out the middle man and the government. Then sell your products?? I feel that this is how the government controls farmers and ranchers. Like dammed if you do dammed if you don't.
Yeah, you're talking WAY over most people's heads. Most folks have NO idea why they mow their lawn! They just tho k it's to make it look good.😮
THEY BORROWED THAT LAND FROM THE INDIANS, RIGHT? OR THEY STOL.......?
We need to stop making cow farts more important than farmers!
Bill Gates can afford it though
All this talk of inflation and nothing about minimum wage😂 hilarious
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸💪🏼💪🏼💪🏼
This is depressing.
College educated doesn’t mean smart. They need some common sense add in there.
Book smart Trench dumb
Man... it's my dream to have a patch of land somewhere. I don't need 100,000 acres. 20 to 30 acres would probably do fine. But I have no idea how I can make that happen in today's economy.
It is hard to do but I’d encourage you to keep trying to find a way. There is nothing like the feeling of owning a piece of land. Good luck to you.
i agree. it seems like if i want to do it ill have to live in an RV style home and slowly build a home. buying the land alone is pushing 500k dollars in some areas, if not more.
You can do it man. I'm on ten acres donut holed I'm a State/Federal Forest. I hunt and fish my land and live very old timey and frugally. I bought this place outright (after divorce) in 2014 and it was definitely the best decision I ever made.
That's the new hat you picked up...I like the shape..
Your wife was right that you needed a new hat and it does look good
In 1975, when the Republcans started to offshore America's manufacturing base, I knew we were going in the wrong direction. We lost our engineering company and had to fire young men who had families and mortgages. It broke my Dad's heart. He founded that company after the war and had government contracts with the military. They offshored our military contracts, taking 25 % of our business overnight and slowly strangling the business that closed in 1983. Put my two brothers, master mechanical engineers out of work. Try and find an experienced machinist today. Shame on the politicians.
OH I think the Democrats are just as much to blame.
There is no fixing this problem. One guy says it Republicans and the next blames Democrats. Neither side can agree on the problem.
@@arnoldjohnson3317 Lets a agree that the loss of men like these would be a great loss of an American legacy whomever is at fault
@@joaquinmojado that’s not even a question.
I'm paying 8.50 pound direct from farmer. All organic grass fed. Usda inspected.
That's way too much.
@@acrxsls1766 ground beef at store is 6.50 or higher a pound
When we say $1.40 per pound, that is what the rancher gets paid “on the hoof” at the time the calf is weaned. Once you butcher the animal it has been fed out, meat cut up, and packaged. So the price in a store has alot more cost involved.
That hat is looking nice. I need a Cowboy hat that fits fat heads. Lol😅
A $1.00 per pound in 1979 should be at $4.19 per pound in 2023 if kept up with inflation. Cattle price definitely not keeping pace with inflation.
CPI Inflation calculator only goes back to 1913, but that say $8,000 would be $245,759.19 in 2023. Cumulative rate of inflation of 2,972.0% .
Average home price in USA has risen faster than inflation & varies by area. In 2023 was $334,000 according to Zillow.
$8,000 pickup in 1979 would be $33,512.62 in 2023 for cumulative rate of inflation of 318.9% .
From Ford website: 2023 Ford F150 Pricing The base XL trim starts at $33,695, and the XLT model begins at $41,800. The Lariat trim starts at $57,480, and the King Ranch model starts at $63,005. The upscale Platinum model starts at $64,695, and the luxurious Limited model begins at $84,910.
Average cost of childbirth in US in 2023 (varies widely & be more for C-section than vaginal): Childbirth cost $18,865 & with insurance average out of pocket $2,854 .
Who bought these ranches?
That is a good question.