Cattle prices are moving up again, so it’s a good time to remember that this is just one part of the cycle, and what goes up must come down. To thrive through the ups and downs, here are some tips from successful experts.
We start with some thoughts and resources from Kitt Pharo.
Next up, Greg Judy, with a reminder of what happened to the folks who went “bonkers” when the market hit highs back in 2014 and 2015, only to drop again and leave them holding the bag.
Another way to maintain good profits is to make sure you’re selling the product your customer wants.
Finally, from Greg Judy again, some more tips on what to do to make sure you’re making a profit on each animal you sell. The article includes ideas about how to market animals without going to sale barns and links to information on “Farm Marketing From the Heart” as one resource for learning more about marketing.
Some folks try new money-making enterprises on their farms and ranches. Is this one for you?