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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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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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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This fall it has been energizing to engage with hundreds of ranch business owners from across North America through the Executive Link Program we lead, as they tackle tough challenges…
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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…
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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…
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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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Have you ever looked at a group of calves, heifers, cull cows and thought, “Well… maybe we should just keep those?” If you have, you’re not alone. Acting on this…
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