Economics & Finance Archives - Page 8 of 10

Mar 27

When Assets Become Liabilities

By Dave Pratt Decision Making, Economics & Finance, Making a Change 5 Comments

Look up the definition of asset in Webster and it’ll tell you an asset is “anything owned that has value.” But Webster has it wrong. If I put a down…

Feb 13

Sustainability: What’s In A Name?

By Dave Pratt Ecology & Grazing, Economics & Finance, Production 5 Comments

Maybe it’s just semantics, but I think the words we choose are important. 40 years ago, when I was in college, “sustainable agriculture” was a revolutionary concept. Forward-thinking universities created…

Jan 23

How Much Can You Afford To Spend On Feed?

By Dave Pratt Decision Making, Economics & Finance, Production 3 Comments

A midwestern University specialist recently wrote a column for a leading beef industry magazine claiming that winter feeding is the biggest expense in most cow/calf enterprises. That may be true…

Jan 09

A True Story About A Real Manager

By Dave Pratt Decision Making, Economics & Finance, Labor Effectiveness 7 Comments

About 15 years ago I met an absentee owner who was responsible for a family ranch that was losing money. It had lost between $200,000-$300,000 year after year for a…

Nov 14

5 Keys to Quality Cattle

By Dave Pratt Ecology & Grazing, Economics & Finance, Production

A popular industry magazine found its way to my desk this week. An article that described five essential “wisdoms” for producing quality cattle piqued my curiosity. According to the author,…

Oct 24

What is Sweat Worth?

By Dave Pratt Economics & Finance, Labor Effectiveness, Planning & Management 3 Comments

Most family ranches are subsidized with free, or underpaid, family labor. Sometimes the difference between what family members get and what it would cost to hire someone else to do…

Oct 10

What Are You Worth?

By Dave Pratt Economics & Finance, Labor Effectiveness, Planning & Management 2 Comments

I often ask audiences at schools and workshops if anyone pays themselves what it would cost to replace themselves. Very few hands go up and those that do are usually…

Sep 26

Game Changer?

By Dave Pratt Economics & Finance, Planning & Management, Production 3 Comments

Income - costs = profit, right? The answer is “sort of.” It’s a little more complicated than that because we need to adjust for inventory changes, consider non-cash costs like…

Aug 08

Low Hanging Fruit

By Dave Pratt Decision Making, Economics & Finance, Making a Change 2 Comments

Someone called me asking if I was available to do some consulting. I explained that even though our name is Ranch Management Consultants, we actually do very little consulting. After…

May 01

Smart Debt

By Dave Pratt Economics & Finance, Planning & Management, Risk/Drought One Comment

A lot of people tell me that they want to be “debt free.” They are tired of making big interest payments on land, livestock, machinery and their operating note. They…

This field is hidden when viewing the form

Next Steps: Sync an Email Add-On

To get the most out of your form, we suggest that you sync this form with an email add-on. To learn more about your email add-on options, visit the following page (https://www.gravityforms.com/the-8-best-email-plugins-for-wordpress-in-2020/). Important: Delete this tip before you publish the form.

First Name(Required)

Last Name(Required)

Email(Required)

Economics & Finance

When Assets Become Liabilities

Sustainability: What’s In A Name?

How Much Can You Afford To Spend On Feed?

A True Story About A Real Manager

5 Keys to Quality Cattle

What is Sweat Worth?

What Are You Worth?

Game Changer?

Low Hanging Fruit

Smart Debt

Topics

Sign Up for Profit Tips

Next Steps: Sync an Email Add-On

Get in Touch

Quick Links

Legal