Your kids might not be kids anymore; perhaps one or more of your adult children have joined your ranching business and maybe they have complicated the situation by bringing a…
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…
I was having a conversation with a ranch family the other day about doing their own trucking. They haul cattle to corn stalks and back each year, so they hire…
Transitions are hard enough. A lot of folks make them tougher by making assumptions and building expectations. We can remove unnecessary drama and angst by turning our expectations into agreements.…
There are two types of athletes, professionals and amateurs. The professionals get paid to play. The amateurs have to pay to play. I look at ranches the same way. The…
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…