Economics & Finance Archives - Page 9 of 10

Apr 21

Free Money Can Be Expensive

By Dave Pratt Decision Making, Economics & Finance, Planning & Management No Comments

Letting government programs dictate your management and set priorities can be costly. The most obvious example is probably the emergency feed program. In drought impacted areas, this program incentivizes ranchers…

Dec 20

What Would You Do With $1,000,000?

By Dave Pratt Economics & Finance, Making a Change, Planning & Management No Comments

In a recent Three Secrets For Increasing Profit® workshop I asked participants how much profit they want to make. It is an important question because you can’t hit a target…

Sep 13

Going Around In Circles

By Dave Pratt Decision Making, Ecology & Grazing, Economics & Finance, Production No Comments

Rotational grazing doesn’t work. It doesn’t work for at least two reasons. One reason it doesn’t work is that, rather than rotationally graze, most people rotationally overgraze. They get overstocking…

Aug 09

Overheads Are Fixed!

By Dave Pratt Economics & Finance, Making a Change, Planning & Management No Comments

What would you have to do to increase profit in a business where you couldn’t control costs? You’d have to increase production per animal, increase the number of animals you…

Jun 28

The 3 Secrets For Increasing Profit™

By Dave Pratt Decision Making, Economics & Finance, Planning & Management 2 Comments

There are three, and only three, ways to increase profit in any business. Stan Parsons called them The 3 Secrets For Increasing Profit™ and introduced them to Ranching For Profit…

May 01

You Might Be Ranching For Profit If …

By Dave Pratt Economics & Finance, Planning & Management, Risk/Drought No Comments

You might be ranching for profit if your spouse doesn’t have to work in town so you can have health insurance. If you are making a profit you ought to…

Dec 14

Monuments to Tax Avoidance

By Dave Pratt Economics & Finance, Planning & Management No Comments

We have our end of the year tax appointment next Monday. That reminded me of a ranch I visited a few years ago. The owner’s son showed me around. As…

Nov 22

When is a Dollar Not a Dollar?

By Dave Pratt Decision Making, Economics & Finance, Labor Effectiveness No Comments

Dan Airely, a behavioral economist at Duke University conducted a silly experiment with serious implications. The experiment involved money, Coca Cola and college students. Dr. Airely stocked dorm room refrigerators…

Aug 10

Scraping By

By Dave Pratt Decision Making, Economics & Finance, Risk/Drought One Comment

I received the following email from a young rancher last week: Dave, I am a young rancher and have grown my herd to over 100 cows over the last four…

Jul 13

It Doesn’t Matter What They Want

By Dave Pratt Decision Making, Economics & Finance, Production No Comments

Earlier today someone called me asking for advice regarding a bid he was about to make for a property he wanted to rent. The property could support 200 cows from…

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Economics & Finance

Free Money Can Be Expensive

What Would You Do With $1,000,000?

Going Around In Circles

Overheads Are Fixed!

The 3 Secrets For Increasing Profit™

You Might Be Ranching For Profit If …

Monuments to Tax Avoidance

When is a Dollar Not a Dollar?

Scraping By

It Doesn’t Matter What They Want

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