Top 10 Tax Preparer Conversations
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 […]
Read MoreA Perspective on Gross Margin from Aaron
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 […]
Read MoreFinancial Record-Keeping, A Rancher’s Favorite Chore
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 […]
Read MoreUses for Profit
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 […]
Read MoreOverheads
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 […]
Read MoreProductive But Not Profitable
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 […]
Read MoreWhat is Your Role in the Ranch?
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 […]
Read MoreEconomic Analysis
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 […]
Read MoreA Strong Gross Margin
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 […]
Read MoreMaybe We Should Keep Those?
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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