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Rewarding Risk
Mon Mar 25, 2013 12:53 PM CDT

For more than 30 years, Mike Goldwasser has made a living buying other people's mismanaged calves. It's a tough side of the business, but the Hillsville, Va., cattleman has fine-tuned an approach that makes it workable.

In this part of the country, the average size cow herd is 30, with many owners working off-farm jobs or growing row crops as their primary income. Many make do with limited cattle facilities, meaning bulls often run with cows year-round. This leads to the sale of a lot of unweaned calves at local stockyards, usually at ...

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