Well Fars, I survived because when it was over, I still had my truck!! kidding of coarse.
Luckily we had a magazine and a slaughter facility that gave us an extra way to bring in revenue. Breeder markets hardly ever do "great" after the "big rush" is over. If you aren't set up to run a tight budget ( many ways to do this) and/or an avenue to liquidate you will get caught with your britches down.
Ours was a family business, I managed the ranch 100%, also the stock buying, showing, training new breeders, you know, the whole thing. My father Managed the magazine, and slaughter sales, set up and shipping/buying.
I went from buying some of our breeder pairs for 240k to luckily having a contact in Mexico that I could "dump" all my birds for the hides for $150 each! the last 100 birds I gave to them rather than maintain the feed program. Just shutting down the incubators and hatcher's saved over 2K.
We saw it coming when the market went from our door being knocked down by buyers, to the point we had to make ton's of calls just to find potential buyers.
In the beginning the type of buyer we had, where the very wealthy or successful business people, who saw a way to increase that wealth and success by getting into a new market share at it's beginning. I think in any animal endeavor that is where the big money is, in the beginning when other investor/breeders see an opportunity to make $$. In the end I had to give some away.
I have opinions on animal farming that offend some people. When we had seminars at our farm, I had a couple of investors get upset about some of the "cautions" I would suggest. Breeders always start at the top of the money scale and end up on the bottom, In my honest opinion.
Obviously there are a few things in my opinion, but I don't want to bore you to death..LOL or get yelled at LOL. I've been "kicked, drug and ran over" to many times..
I've seen this with Limousin cattle at my grandfathers, the Ratite business for 12 years and I see allot of similarity in what I read on these forums.
To say I survived is a "loose" statement. I think the biggest mistake people make is letting the business end, turn emotional. Passion is one thing, emotion will get you every time.
I could rattle on for ever, but I'm not a good typist.
Love talking animals though and wouldn't mind raising a few deer, BUT...
Sorry for "running long"