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Cattle Activities
Around 1969, Mr. Rinehart purchased a ranch southwest of
Celina, Texas (Celina ranch), for $800 per acre. At this time,
he also purchased a number of polled4 Hereford cattle. Mr.
Rinehart intended to breed registered polled Herefords and build
up a herd of cattle (polled Hereford breeding activity). In
1971, he sold the Celina ranch for $1,600 per acre. He also sold
his herd of polled Herefords for a profit.
In 1971, Mr. Rinehart purchased a ranch in Van Alstyne,
Texas (Van Alstyne ranch). He bought the Van Alstyne ranch
because it was larger and had better facilities for raising
cattle than the Celina ranch. At this time, Mr. Rinehart also
purchased a herd of registered Herefords.
In 1971 or 1972, Mr. Rinehart began a Hereford breeding
activity on the Van Alstyne ranch. In 1977, when his bull died,
he ended the Hereford breeding activity. Even though the
Hereford breeding activity was profitable overall, Mr. Rinehart
decided not to continue the Hereford breeding activity because
the cattle market was declining.
Initial Horse Activity
In 1978, Mr. Rinehart and his then wife Donna Jean Rinehart5
got into the quarter horse industry (initial horse activity).
4 “Polled” Herefords have no horns.
5 Around 1978, Mr. Rinehart married Donna Jean Rinehart.
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Last modified: May 25, 2011