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Thanks. It has taken me a while to save up enough to do this. Got a pretty good deal and managed to keep back about 85k to add on to the house.
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That's really awesome. Good job.
I predict you'll need a separate little area for the milk cow, but you might not. This begs the question..."Where are you going to milk her?" You'll want to keep her close, and you need a structure that's warm and dry for this, as you really don't want to be sitting out in the rain milking, and if it gets cold at all, milking with cold wind and rain blowing around you is about as miserable as it gets.
You have a couple of options:
1-Sell her calf as soon as it's old enough so you get all the milk. (I can't do this, but you might be able to.)
2-Keep her calf, which eases the need for milking, but does not take it away, if she's a good cow. (The calf won't take all of it, at least early on.) This is a good situation, because a BAD situation is ending up with not enough milk for the calf, which means you'll be bottle feeding to get it strong enough to sell both of them. So you'll end up figuring out how much milk she gives, taking some, but making CERTAIN to leave enough for the calf.
You will also run into having beef calves who are getting weaned, bugging the crap out of the dairy animal to try to nurse (not always, but it happens) so it may or may not become necessary to separate her. I predict you'll need a little shelter for the beef cattle in bad weather, especially winter (assuming you do get some winter down there). You've already thought of that.
You might not need two depending on how you manage them, but....you'll be likely wanting to AI for the dairy cow and use your dad's bulls for the beef heifers, so you've kinda got two operations going at once.
Then you're going to need to pump water to both of those spots. So if you set up the dairy animal's little area...say along the front of your property on one side of the house, and set the water tank where it can serve both pastures, you've got less equipment....at least I've seen it done that way for smaller operations. You could also build ONE small barn, with the shed on one side to keep the beef animals out of the bad weather, and the closed-in section on the side with the dairy animal, with the walk-in door from your yard for milking.
@cowboy might be able to chime in on this. Don't know if he's run any dairy alongside beef or not.