The charitable-Ilocana and I went back to her region 2 home province for a short vacation with her family and to check on some investments, namely our small field-of-dreams (preview picture below, and which I promise to write about separately) and to check on our cow Cowie, which we acquired almost 2 years ago.
Back then, Cowie was already under observation if she was pregnant (via artificial insemination). Two years after, it turns out that Cowie doesn’t want, or incapable of producing offspring. Barren most likely, or incompatible with semen of local breeds given that she’s got imported bloodline. Sadly (and in consideration of the efforts of our generous and accommodating caretaker, who we fondly call Tatang) we had no other recourse but to sell Cowie.
I say generous and accommodating because our set-up with Tatang is a little different from the usual set-ups we have encountered on livestock raising, and different from what I described in a previous post about Cowie (which is more prevalent in Batangas). At present, Tatang is taking care of around 20 cows, from various owners, and on top of hectares of farmland and fishponds that his family owns.
The set-up is that he will take care of the cows for us, we as the owners will own the cow and the first calf offspring. Tatang will then own the second offspring of the said cow. As for the third and succeeding offsprings, we have yet to discuss since we haven’t reached that point yet.
So going back, we had to sell Cowie since she is not reproductive in a sense. In return, we got 2 new cows, both are female (heifer) and both have been artificially inseminated already. Both are once again under observation. So our previous capital of PHP32,000, and almost 2 years worth of supposed capital appreciation, have now translated from one Cowie to 2 cows, both pictured below.
This white heifer below, with facial spots, is named Liv, short for Olivia. She is younger of the two, and never had offspring before. But hopefully she delivers this time.
The brown heifer below, with longer horns, is Mellie. She is older than Liv and she already gave birth to one or two calfs before, so in a sense, we are sure that she is fertile. Hopefully she also delivers calves for us. The young calf beside her in the picture is not hers. I wish.
So the waiting resumes. Hopefully by early 2017.
In businesses like this, similar to farming, turnaround time to revenue and profits really takes a while. Gestation period for cows takes 285 days so that’s almost a year before they give birth. And there are many challenges and risks along the way such as weather, sickness, etc. So people who solely rely on farming and livestock as their source of income is really challenged in terms of liquidity and cash flows and concentration risks.
But if you have livestock and farming as source of passive income, you are more diversified than the majority, then be thankful and grateful for such blessing. Thank you Lord for Liv and Mellie.
Follow us on Facebook, Instagram and Twitter. Don’t forget to subscribe to our free email base to get investment updates straight to your inbox. Join us in Truly Rich Club.