Small Beef Operation -- Marketing on Shares?
This year we slaughtered 2 Angus steers that we purchased at approx. 600 lbs. each, and raised to hanging weights of 880 and 711 -- we finished them carefully, sold 3 halves to friends/co-workers, and I think we did well marketing at $2.60/lb. hanging weight, plus the slaughter/cut & wrap fees. However, since our couple head of cows are not yet producing bull calves, all our costs were up-front and feed is not cheap, and now it's time to replace those two guys.
I'm reasonably certain we'll have the same beef customers next year, as all are very pleased with our product. But I was wondering if anyone out there has raised backyard beef on sort of a "share" system, where the customers actually pay per month towards defraying the purchase price of the steers and off-setting feed costs . . . and then, how do you figure in the value of your labor, etc.??
If any of you have had experience with this marketing concept, I would very much appreciate your input and advice. Thanks!