Category: Planning & Management

Tax Time

tax time

Tax day is just around the corner and it is common for folks to struggle with getting their taxes done. There is nothing we can do about the past, but there are changes you can make now to make future tax days go smoothly and be less burdensome on everyone’s time. Here are five things […]

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New Paths for RMC

dirt road

Last ProfitTips, I reflected on the amazing past 40 years of RMC and this time I’d like to share with you some exciting new partnerships and efforts of RMC. Partnership with Noble Research Institute “If you want to go fast go alone, if you want to go far, go together” – African Proverb. In my […]

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Reminiscing on our Roots

Stan Parson's course

Ranch Management Consultants was founded in 1983 by Stan Parsons. Stan Parsons had a background in animal husbandry and agricultural economics then after years of working with ranchers in the field he developed the Ranching for Profit School and led RMC for its first 20 years. Wrapping up 2023 marked our 40th year in business! […]

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Painting the Ranch

paint brush

We just finished our main Ranching for Profit School delivery season, which was fulfilling as ever, but we are all glad to be home too. Eight full schools since Thanksgiving means we got to meet and work with over 400 ranchers who were willing to travel to learn in the last three months. That is […]

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Ranch Coach

football

One of my favorite times of the year is upon us. No, not winter. Believe it or not, 10” of snow and -23 degrees F (current conditions as I write) just isn’t that exciting to me. What gets me excited right now is the NFL playoffs! Admittedly, it’s even more interesting since my team (Go […]

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Grazing Planning

planning grazing

Here in Wheatland, Wyoming it is a cold, snowy, and windy day. Perfect for planning out your grazing for the coming year! A grazing plan is where you think through what you know now, what you expect to unfold, and make a plan for the grazing in the year ahead. To get started on the […]

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Build an Auto-Pilot Business

cockpit

Dallas and I spend a lot of time in the plane together during the fall Executive Link run; three sets of chapter meetings in three weeks in three different states. One thing about living in Wyoming, the weather is not always airplane friendly, especially in a small plane, flown by your boss. I am always […]

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Cattle Profits and Taxes

Profits and Taxes

During the Ranching for Profit School, we introduce three issues involving money: economics, finance, and income taxes. We spend most of our time on economics (generating value and keeping profit) then some time on finance (cash flow and investment), and less time on income taxes. The reason for that order is based on the overall […]

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Access to Cash Creates Opportunities

cash calculation

This fall it has been energizing to engage with hundreds of ranch business owners from across North America through the Executive Link Program we lead, as they tackle tough challenges and exciting opportunities in their businesses. At our fall Executive Link (EL) meeting we do a ½ day continuing education program. This time John Haskell […]

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Predicting Drought

fortune teller

What would the value be in your operation if you could predict drought? I know we can’t predict the weather, but we can keep track of monthly rainfall. Rainfall is going to be a darn good predictor of forage growth. In addition to rainfall, we can also keep track of monthly livestock head counts and […]

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