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“Classes started the day after next,” Larry
chuckles. Well, Larry got on a train and made it back in
time to enroll. He attended WIU for two years and returned
to the family farm in 1956, and soon after married wife
Becky.
Continuing the line
Larry’s
and Becky’s son, Barry, followed a somewhat similar course,
working on the farm as he grew up. He also attended Western
Illinois University and received his agricultural business
degree in 1987, returning to the farm.
After their grandfather’s death, Larry and Sid farmed in
partnership from 1968 until 1985. With Barry partially
through college, they felt it would be easier from a
management and transition standpoint to split the farm’s
assets and no longer operate under the partnership
structure.
A decade ago, Barry and Terri were married, and now the
family also includes son Caleb, six, and daughter Abby, two.
Over the past several years, Barry has assumed more
management responsibilities. Both Larry and Sid retired
about a year ago and Barry is managing the day-to-day
operations. He is farming Sid’s ground and is leasing his
equipment. He also purchased some land from Sid.
Today, the Dowells are operating slightly more than 900
acres of cropland and 340 acres of pasture. Part of the
latter, Larry and Sid cleared from timber, and the rolling
hills are perfectly suited to raising cattle. Of the
cropland, they raise about 650 acres of corn, 200 acres of
soybeans and about 60 acres of hay which is baled, ground
and tub-fed to the feedlot cattle.
Their current cow-calf herd runs about 310 head,
historically producing about 225 calves annually. They feed
out their calves and buy other feeders, marketing between
700 and 800 fed cattle a year.
Attention to detail
Barry
and Larry both believe it takes top
ingredients to produce a
superior product. It is a philosophy that permeates their
operation – from pasture management to breeding genetics.
Larry says
they spend as much or more attention on their pastures as
they do on their cropland, including
spring
and fall
fertilizing and an annual sewing of clover seed.
Buying the
right type of bulls Barry feels has been one of the
operation’s major successes. “Our weaning weight is up and
so is the number of cattle grading choice at slaughter,” he
says. The Dowells consistently strive to earn quality
premiums from packers.
While they
used to prefer Angus, Horned Hereford and Limousin bulls,
today they primarily use Angus-Gelbvieh crossbred bulls.
“In today’s cattle market, you need a little continental
blood,” Larry explains, referring to the Gelbvieh
(pronounced gelp-fee) which originated in Bavaria. Gelbvieh
calves are widely recognized for excellence in growth,
feedlot efficiency, muscling and marketability, while
Gelbvieh females are known for milking ability, fertility
and quiet temperament, according to breed information.
Barry says
they utilized AI several years ago and are contemplating
trying it again next year. He also is experimenting with
synchronizing the heifers to narrow the calving window,
particularly since he is moving to calving twice a year.
This will be the first year for fall calving, which should
start about September 1.
Making the transition
Barry says
one of the challenges the family has faced with the
operation is the recent transition from his father and uncle
to him. He says he knows in some families that one of the
most difficult things to do is to just make the decision –
and then stick to the plan. That plan, he says, is critical
and needs to be done well in advance. Even in their
situation, it has taken several years to accomplish the
inter-generation transition.
Price
volatility in the cattle market also has been a challenge,
Barry relates. That’s one of the reasons they focus on
capturing the quality premiums. Another strategy they are
employing is the purchase of shares in the Iowa Quality Beef
processing plant set to open in Tama, Iowa. With plants
closing all around the country, Barry says he believes
having such shares in a processing plant is vital to
ensuring continued access to the market.
While
Barry is looking at eventual expansion, he is careful about
not doing it at the expense of quality. “I’m optimistic
about the beef business. If you produce good quality, you
will do alright,” he reiterates.
Efficiency
also will continue to play an important role. “Our goal is
to produce a cow on 9/10ths of an acre, with the other
1/10th producing the crops needed to support the cow,” Larry
interjects. He believes keeping good records is essential
to be able to identify the sources of that efficiency – and
profitability.
Long history with FCS
Larry
Dowell started doing business with Farm Credit Services in
the mid-1960s when he ran into a common problem at his local
bank. The operation’s credit needs exceeded the bank’s
lending limits. He’s been a FCS client ever since.
Barry says
he actually became a FCS client 31 years ago at the ripe old
age of nine, obtaining a loan as part of a 4-H livestock
project. The Dowells have used FCS operating and equipment
loans, and recently added crop insurance, as well.
Shane
Yard, from 1st FCS’ Monmouth office, is the Dowells’
financial professional and Deb Etheridge is their crop
insurance specialist.
Larry and
Barry say they like not only 1st FCS’ competitive interest
rates, but also the convenience of doing business with the
organization. “We also appreciate the very polite,
friendly, professional service,” Barry adds.
Asked what
advice he might have for other producers with similar
operations, Barry says, “Get good quality cows and bulls,
but don’t overextend yourself to do it.”
“You have
to know your farm,” adds Larry. “What works on our farm
might not work on yours.” |