Category: Planning & Management

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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Break Your Legs

broken leg

Remember in the movies when the bookie’s tough guy would knock on the door and threaten to “break your legs” if they didn’t pay up? Sometimes, I think many of […]

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A Fresh Perspective

tree tops

The past few months have been about change for us. Our team at RMC has moved out of our original Wyoming office to a new building that will allow us […]

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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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Ranchers Need Vacations Too

lake view

Mention the word vacation to a group of ranchers and someone will proudly state “I haven’t left this place for longer than 2 days in 25 years!”. Really? Is the […]

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A Business Mind Shift from Treg Ulmer

buttercups

Treg Ulmer and his wife Courtney are members of the Executive Link program and building a business in Ohio. Treg shared some thoughts with me around balancing profit with other […]

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