PROFIT TIPS

The current year of ProfitTips are displayed here, along with some of our all-time most popular articles. You must be a member of RFP online to see our entire collection of ProfitTips articles, join today.

Power of Management

calculations

A couple of weeks ago, I received a nice note from an alumnus of the Ranching for Profit School. He tracks his net worth annually by looking at his balance sheet and has been doing this for some time. You need to be careful when looking at net worth from the balance sheet in isolation, […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

Fix the Cow Business Before You Sell ‘em

calf cow

Somewhere along the line Ranching for Profit has gotten a reputation for being the “sell your cows school”. I want to push back against that. I hope that Ranching for Profit is the “let’s build the business that you want and is profitable school.” I’d hate to think that someone comes to our Ranching for […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

Think Beyond Profit

meeting profit

Congratulations! You’ve just come through record cattle prices, you took Dallas’ last ProfitTips to heart, and now you’re sitting on a pile of money and wondering “what now?” There are many negative paradigms surrounding money, not only within agriculture, but within our society. Those paradigms have limited our ability to discuss money freely and openly. […]

Read More

RFP Successes

ranching for profit school

The Ranching for Profit School is sometimes called the “MBA of Ranching” or referred to as “better than college.” The RFP School has an amazing curriculum that can have enormous impacts on the alumni and their ranches, but I don’t like those comparisons. Here’s why: you will hear and interpret things differently in each stage […]

Read More