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.

Maybe We Should Keep Those?

braham

Have you ever looked at a group of calves, heifers, cull cows and thought, “Well… maybe we should just keep those?” If you have, you’re not alone. Acting on this type of thinking often leads to complicating the business with a lot of little enterprises which can be bad economically and financially. When you start […]

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Two Mornings to Change Your Business

EL Summer Meeting

If you’ve been through the Ranching For Profit School you recognize the importance of working ON the business (WOTB). If blocking out time for WOTB is challenging for you, you aren’t alone. Scheduling adequate time to work on the businesses is often THE most difficult challenge RFP graduates face when they get home.   The problem […]

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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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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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Drought Planning

drought road

Millions of dollars in bad decisions are made every year as ranches manage through dry-times. Not to mention the damage to pasture heath that occurs through delayed decision making. Primarily, hope of moisture to come and emotional attachment to breeding stock, drive the procrastination of necessary decisions. Having a well-developed drought plan is something that […]

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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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Allocation of Overheads is a Bad Idea

cow tractor

The team here at RMC has been busy holding Ranching for Profit Schools in several locations. At these schools, a good part of classroom time is spent teaching and applying the Ranching for Profit Economic Model. This is our trademark way of doing an economic analysis of the ranching business, but the fundamentals apply to […]

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Ranching Network

RFP school

One of the challenges in working in the ranching profession is the difficulty of finding a network of forward thinking, driven and creative problem solvers. Many of us enjoy the ability to work on our own or with a small team, but when it comes to strategic level visioning and planning it sure helps to […]

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Ranch Management Instruction Manual

As you open gifts this Christmas, they will probably include a few instruction manuals often, full of ridiculous legal jargon. Those manuals tend to get thrown out with the used wrapping paper and boxes. But what if your ranch came with an instruction manual that was actually useful? I’m not talking about how to fix […]

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Fall is Planning Time

coffee autumn

As fall work wraps up for most in cow country, now is the time to start planning for next year. Here are a few essential pieces of that plan: Gross Margin projections and analysis of key enterprises Overhead projection and analysis Profit target setting and how profit will be used Grazing plan for next year […]

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