Dr. David Kohl, one of the sharpest minds in ag finance, recently made a statement that ought to stop every rancher and farmer in their tracks: “I’m worried about the…
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October is planning time. I know October is weaning and harvest time for most places, but getting financial planning in mind is critical. Because when the fall work is done,…
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Like most of you reading this, I appreciate not having a lender breathing down my neck. I have never enjoyed the stress of carrying a mountain of debt. However, blindly…
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Last month I attended Dawn Hnatow’s stockmanship school in Virginia with my wife and father-in-law. It was an incredibly long road trip from Wyoming with our horses, but we were…
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If your neighbor's ranch came up for lease tomorrow, would you be able to bid on it? When making this decision there are two factors to consider. First, do you…
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“It’s not that expensive” can be a very dangerous justification in the ranching world. Let’s be honest, we have all told ourselves that regarding expenses either in our business or…
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Winter is an exciting time to be a rancher! Cold weather and early sunsets make for the perfect time to really dig into your business numbers. These conditions also allow…
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During our last RFP Bookshelf Discussion (our monthly book club for alumni) an old copy of a ProfitTips article written by Wally Olson fell out of my Knowledge Rich Ranching…
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At the Ranching for Profit School, we explore “3 Issues of Money” that we label as Economics, Finance, and Income Tax. That is the correct order to consider when making…
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Picture this … You have just been given an ownership stake in a 20-million-dollar business and now also have a seat on the board of directors. The CEO is meeting…
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