Category: Planning & Management

Biggest Mistakes in Grazing Management

cows on short grass

Too short a recovery period – When turning into a pasture ask, “Has this pasture recovered from the previous stress (grazing, fire, grasshoppers etc.)?” If not, then you need to lengthen recovery. It is possible for recovery periods to be too long, but too short is more common to see. Too long of a graze […]

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Systems Thinking

spider web

I was recently given some book recommendations by Executive Link member, Shanon Sims. Book recommendations are everywhere right now, but when someone you respect says “read this book” you pay attention. Shanon recommended The Fifth Discipline by Peter Senge. The Fifth Discipline is about training yourself to think in terms of systems. Humans are predisposed […]

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$100 Per Hour WITB

$100

In the Ranching for Profit School we make clear the difference between WITB (Working In the Business) and WOTB (Working On the Business). We often say WITB, is the $10/hr work and WOTB is the $100/hr or more work. It is critical to get the WOTB done, but WITB needs to be prioritized into the […]

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Sell/Buy Lessons from Aaron and Tara

Ranching for Profit flip charts

ProfitTips is taking a different direction this time. Aaron and Tara Helmick recently shared with me a collection of “Lessons Learned” from the past 4 years as they have been on a journey to transform their business. I met Aaron and Tara at a Ranching for Profit School I taught in Rapid City, SD. Aaron […]

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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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Gross Margin Inside the Cow Herd

black cattle

We just wrapped up a full school in Oklahoma City. It was an amazing week where 54 people spent a week exploring the leadership of their businesses and making new friends along the way. Wally Olson of Olson Ranch and founder of Ranching FYI stopped by and discussed cow depreciation and how to make decisions […]

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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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Profit – What is it Anyway?

counting money

At the Ranching for Profit School since we talk about profit, we believe we better define it. We ask the participants at the school to come up with a definition of profit, they usually respond with something like Income – Expenses = Profit. Let’s play with that definition some and see how it works.   If […]

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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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