Category: Economics & Finance

Top 10 Tax Preparer Conversations

tax preparer

I just finished my first round of Executive Link meetings. In addition to being a facilitator I also presented the continuing education session where we dug deep into economics, finance, and […]

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A Perspective on Gross Margin from Aaron

sheep

Aaron Helmick is a pain in the rear. Even worse he is a dairy farmer from West Virginia pain in the rear. 😆 Somehow Aaron managed to marry Tara and […]

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Financial Record-Keeping, A Rancher’s Favorite Chore

paperwork

Mentioning that records are a waste of time can usually start an argument, or at least get someone questioning all the hours they have spent keeping detailed records over the […]

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Uses for Profit

money decisions

When we talk about uses for profit some people roll their eyes. “Profit – yeah right! Like that ever happens in agriculture.” The reality is that most ag operations are […]

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Overheads

tractor team

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 […]

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Productive But Not Profitable

cows tractor

North American agriculture could be described in one statement. “Productive but not profitable.” For decades the primary messaging to farmers and ranchers has been to become more productive. You see […]

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What is Your Role in the Ranch?

confused

Is your primary role in your business working as a doer or a planner? When the doer goes out the door in the morning, they get to work doing all […]

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Economic Analysis

economic planning

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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A Strong Gross Margin

cow with horns

If you’re ranching for profit, there is one way to define “a good cow”. She has a strong gross margin. In much of my writing and speaking it might seem […]

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Maybe We Should Keep Those?

braham

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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