We're getting our first calf on Wed. We expect to get up to three more, I believe over the next month or so to grow out for beef. My husband is buying a small shed, band saw and meat grinder to do the butchering ourselves. With the cows, maybe a few pigs and lots and lots of poultry to butcher, it's going to pay off in the long run. Plus he can process a few peoples' deer in the season to make back some of the $$. You might consider that. Either way, putting out the money for butchering or the money to do it yourself, it is a big lump sum at once.
You also need to consider that you'll need freezer space. Will you have enough room now or need to add additional space?
It IS better when you can do your own and know what it's eaten and you can even feed it out at the end how you want as far as fat and marbeling. Soooo much tastier!
You'll need to consider the cost too, of how much the initial purchase is and how long you'll need to grow it. Will you be looking for beef types or milking types? You can get one cheaper than the other, but will end up with less meat from one than the other. Also, how many will you want....
You might also consider asking around to see if anyone wants to go in on the cost with you and then get half? That can help. We've got LOTS of people at my husband's work willing to pay a lot for a share of homegrown beef.
That's all I have for info. to be honest. I know there's wormings, shots, preventatives, etc to be considered too, but I don't know the totals on that so can't help. You'll need some sort of shelter too possibly. And you'll need to maintain the fencing if it's not already by someone else.
Stacy