How much do you want to spend?
As with any other business or hobby, the higher quality and less risk product cost more money. If you want to start out with only a $2,500 investment, a 50% investment in a yearling bull with good genetics and potential to win is the way to go. This is the riskiest route because you are buying at an early age when the pre-futurity bull hasn’t been proven. He might grow up to be big time bucker and win at the competitions or he might decide one day he doesn’t want to buck.
If you’re one that wants to buy quality and purchase a bull that has a great chance to win at competitions, then the price tag is larger. 50% ownership in these type bulls can range from $10k to $100k. You are still not guaranteed a winner simply because you are investing in an animal that is unpredictable, but based on his prior history and record, you should be able to reduce your risk of your animal not performing.
What are your goals in this industry?
If you are wanting to own a bucking bull and have fun doing it, then investing in futurity prospects is the most popular route to choose. You can own as many bulls as you want, travel and watch them buck at the competitions, learn the business, meet some great people, and have the chance to win some money!
If you are in for a long term investment then you might want to consider buying good cows and start producing your own bulls to either buck or sell. These cows can either be artificially inseminated (AI) with semen from a famous bull or you can breed them live with bulls available to you. Many investors shy away from this route simply because it doesn’t provide the immediate excitement of the bucking bull industry. In the end, this seems to be the side of the business that is more secure and pays off in the long run.
If you want to go the ultimate route and buy a bucking bull that will buck at the highest professional bull riding associations and rodeo's, get ready to make a dent in the checkbook! These bulls are going to range from $40k to $500k depending on what quality of bull you want to own.