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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During the Ranching for Profit School, we focus on the economics of the “operating business” and not the “land investment.” The operating business must rent the land at fair market…
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Ranch Management Consultants was founded in 1983 by Stan Parsons. Stan Parsons had a background in animal husbandry and agricultural economics then after years of working with ranchers in the…
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A couple of weeks ago, I received a nice note from an alumnus of the Ranching for Profit School. He tracks his net worth annually by looking at his balance…
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Somewhere along the line Ranching for Profit has gotten a reputation for being the “sell your cows school”. I want to push back against that. I hope that Ranching for…
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During the Ranching for Profit School, we introduce three issues involving money: economics, finance, and income taxes. We spend most of our time on economics (generating value and keeping profit)…
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