Tag: ranch

What is Sweat Worth?

Most family ranches are subsidized with free, or underpaid, family labor. Sometimes the difference between what family members get and what it would cost to hire someone else to do the work they do is made up with the promise or expectation of sweat equity. But sweat is not a recognized form of currency and […]

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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 […]

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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 […]

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Getting Everyone on the Same Page

University of Wyoming Extension agent and Ranching For Profit School instructor, Dallas Mount, recently led a management succession workshop in Baggs, Wyoming. Dallas is a gifted, innovative teacher, and I was flattered when he asked me to participate in the program. Dallas did a great job of distilling successful succession into five core areas. Getting […]

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The 3 Secrets For Increasing Profit™

There are three, and only three, ways to increase profit in any business. Stan Parsons called them The 3 Secrets For Increasing Profit™ and introduced them to Ranching For Profit students in 1980. Lately I’ve seen more and more articles by industry pundits that incorporate the 3 secrets in articles and conference proceedings. They rarely […]

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Coming Home to Work

If you have a family ranch, whether you know it or not, you have a family employment policy. At least your kids think you do. In the absence of a formal, written policy, kids often grow up with the expectation that regardless of their education, experience or talent, there will be a role for them […]

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A Great Place To Raise A Family

I occasionally lead workshops I call Hard Work and Harmony: Effective Relationships In Family Businesses. In it I like to ask participants to explain to the person next to them, why they ranch.  Some say they love being their own boss, or love working outdoors and with livestock. Almost all of them say something about […]

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Stocking Rate Rant

A Ranching For Profit School alumni sent me a paper published by the Society for Range Management on calculating the optimum stocking rate. The authors crunched 14 variables through 1o equations to reach the conclusion that the optimum stocking rate is somewhere between a low rate that maximizes per/head performance and a higher rate that […]

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Home On The Range?

Many of us hope and fear that the next generation will want to be part of the family business. We hope because we feel validated that we must have done something right when our kids want to follow in our footsteps. Many of us see it as our role to create opportunities for our kids. […]

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Two Legacies

Legacy is a powerful concept.  Perhaps that is because we see our legacy as a form of immortality.  In some families it has survived generations now long gone. Many people I work with feel a deep obligation to carry on the family’s legacy.  A family’s legacy can be rich with meaning and a powerful source […]

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