What is Your Role in the Ranch?
Is your primary role in your business working as a doer or a planner? When the doer goes out the door in the morning, they get to work doing all the things that need to be done in the business. The list is never ending. Fix the water in the Smith pasture, put out mineral […]
Read MoreThe Tradition vs Innovation Paradox
Agriculture is steeped in tradition. These traditions serve as a source of pride and continuity which help make us who we are in agriculture. However, these same traditions create a paradox of sorts when it comes to managing the business of ranching. Balancing respect for traditions and fostering innovation can be tricky to navigate. Another […]
Game Changer?
Income – costs = profit, right? The answer is “sort of.” It’s a little more complicated than that because we need to adjust for inventory changes, consider non-cash costs like depreciation and non-cash income like retained heifer calves. But over the long haul, for the most part, income – costs = profit. The obvious conclusion […]
To Move or Not To Move
How do you know when it is time to move animals from one pasture to another? Most people figure that if they are out of feed in one pasture, it is time to move. The herd is probably standing at the gate voicing their agreement that it is time to “Mooove.” There’s nothing they’d like […]