Economics & Finance Archives - Page 4 of 10

Jan 25

Mission Before Profit

By Jordan Steele Decision Making, Economics & Finance, Planning & Management 3 Comments

Successful businesses have mission and vision statements. This allows planning and decision making easier for managers and owners. These statements are posted on websites, above the front door, and in…

Dec 14

Economic Planning

By Dallas Mount Decision Making, Economics & Finance, Planning & Management One Comment

Dwight Eisenhower said, “In preparing for battle I have always found that plans are useless, but planning is indispensable.” Eisenhower might as well have been talking about ranching. Speaking of planning ... How is your…

Nov 23

Top 10 Tax Preparer Conversations

By Jordan Steele Communication, Economics & Finance, Planning & Management No Comments

I just finished my first round of Executive Link meetings. In addition to being a facilitator I also presented the continuing education session where we dug deep into economics, finance, and…

Nov 09

A Perspective on Gross Margin from Aaron

By Dallas Mount Decision Making, Economics & Finance, Planning & Management 5 Comments

Aaron Helmick is a pain in the rear. Even worse he is a dairy farmer from West Virginia pain in the rear. 😆 Somehow Aaron managed to marry Tara and…

Oct 26

Financial Record-Keeping, A Rancher’s Favorite Chore

By Jordan Steele Economics & Finance, Labor Effectiveness, Planning & Management 2 Comments

Mentioning that records are a waste of time can usually start an argument, or at least get someone questioning all the hours they have spent keeping detailed records over the…

Oct 12

Uses for Profit

By Dallas Mount Decision Making, Economics & Finance, Planning & Management 2 Comments

When we talk about uses for profit some people roll their eyes. “Profit - yeah right! Like that ever happens in agriculture.” The reality is that most ag operations are…

Aug 24

Overheads

By Dallas Mount Decision Making, Economics & Finance, Planning & Management 6 Comments

My last ProfitTips article focused on the difference between being productive and being profitable and I used gross margin as a measure of profitability of an enterprise. In introducing gross…

Aug 10

Productive But Not Profitable

By Dallas Mount Economics & Finance, Planning & Management, Production 2 Comments

North American agriculture could be described in one statement. “Productive but not profitable.” For decades the primary messaging to farmers and ranchers has been to become more productive. You see…

Mar 23

What is Your Role in the Ranch?

By Dallas Mount Economics & Finance, Labor Effectiveness, Planning & Management 7 Comments

Is your primary role in your business working as a doer or a planner? When the doer goes out the door in the morning, they get to work doing all…

Feb 23

Economic Analysis

By Dallas Mount Decision Making, Economics & Finance, Planning & Management No Comments

We recently wrapped up our two day Economics Intensive where alumni of the Ranching for Profit School prepared their economic plan for the coming year. For many of us, if…

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Economics & Finance

Mission Before Profit

Economic Planning

Top 10 Tax Preparer Conversations

A Perspective on Gross Margin from Aaron

Financial Record-Keeping, A Rancher’s Favorite Chore

Uses for Profit

Overheads

Productive But Not Profitable

What is Your Role in the Ranch?

Economic Analysis

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