Category: Decision Making

The Ranch Business Time Bomb

Abandoned house

Think of a ranch business you know of, that is no longer in business. Now I want you to think of the underlying cause for that business no longer being around. Was it related to production? Did the cows not breed, the calves weren’t big enough to bring in decent money or was the death […]

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Business IQ

mother and child working

Dr. David Kohl of Virginia Tech has a solid grasp of what it takes to run a successful ag business. He has spent a career speaking, studying and writing on what separates those who are successful in ag business management from everyone else. I was recently reintroduced to Dr. Kohl’s Business IQ test and want […]

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Drought Planning

drought road

Millions of dollars in bad decisions are made every year as ranches manage through dry-times. Not to mention the damage to pasture heath that occurs through delayed decision making. Primarily, hope of moisture to come and emotional attachment to breeding stock, drive the procrastination of necessary decisions. Having a well-developed drought plan is something that […]

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That Crazy Grazing Stuff

grassland

“You guys don’t tell people to do that crazy grazing stuff with the electric fence do you? Because if so, I’m not coming.” That was an email I recently received asking about our Ranching for Profit School. I responded with a polite and honest answer but the more I think about maybe I should have […]

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Adding a New Enterprise

sheep

We are in the final days of our 2021 winter Executive Link meetings where Ranching for Profit alumni form peer advisory boards and look into each other’s businesses for strategic level advice. One issue that frequently comes up is the evaluation of adding a new enterprise to the operation. The operator is often excited about […]

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The Power of a Profit Target

Longs Peak

Having a clear target is a powerful thing. A few years ago, I led my son’s scout troop to climb Longs Peak in Colorado. We hit the trail about 2:30 AM and watched the sun rise while sitting above the tree line. As we entered the most difficult stretches, we all struggled at different times. […]

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Allocation of Overheads is a Bad Idea

cow tractor

The team here at RMC has been busy holding Ranching for Profit Schools in several locations. At these schools, a good part of classroom time is spent teaching and applying the Ranching for Profit Economic Model. This is our trademark way of doing an economic analysis of the ranching business, but the fundamentals apply to […]

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Ranching Network

RFP school

One of the challenges in working in the ranching profession is the difficulty of finding a network of forward thinking, driven and creative problem solvers. Many of us enjoy the ability to work on our own or with a small team, but when it comes to strategic level visioning and planning it sure helps to […]

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Ranch Management Instruction Manual

As you open gifts this Christmas, they will probably include a few instruction manuals often, full of ridiculous legal jargon. Those manuals tend to get thrown out with the used wrapping paper and boxes. But what if your ranch came with an instruction manual that was actually useful? I’m not talking about how to fix […]

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Get Better Before Getting Bigger

ranching4profit school

Our busy season of conducting Ranching for Profit Schools has just begun. Last week, I had the pleasure of dropping in on the school in Abilene, TX and meeting some outstanding participants. It is always an honor to be trusted enough to be invited to help a business discover a new path forward that will […]

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