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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 MoreBreak Your Legs
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 […]
Read MoreA Fresh Perspective
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 […]
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 MoreKnow Your Destination
There isn’t a one-size fits-all approach to running a profitable ranch. If it were as easy as coming up with a list of practices to follow, ranching would be easy […]
Read MoreRanchers Need Vacations Too
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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