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…
Read More
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…
Read More
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…
Read More
Nature has a strict culling policy. If bulls and bucks don’t breed, or if does and cows don’t wean fawns and calves, their genes aren’t passed on. Survival of the…
Read More
There are two big pieces to the estate planning puzzle: who will run what (management succession) and who will own what (the transfer of assets). In my last ProfitTips article…
Read More
Most people assume that the biggest estate planning fights involve “Who will own what?” It’s been my experience that, “Who will run what?” is often an even bigger issue. “Who…
Read More
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…
Read More
I occasionally lead workshops I call Hard Work and Harmony: Effective Relationships In Family Businesses. In it I like to ask participants to explain to the person next to them,…
Read More
I have an advantage over most of the people who come through the Ranching for Profit school. I have boundaries. The RMC office is about a mile and a half…
Read More
When I was a kid if I asked my parents for money they would usually come up with some extra chores for me to do or suggest that I see…
Read More
