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Should You Diversify? Or Is There Beauty in Simplicity?

By   /  July 12, 2021  /  Money Matters  /  No Comments

We tend to over complicate things. A simple business that does a few things well and at scale, is a thing of beauty! It is easy to get caught in the trap of doing lots of small things. After all, if someone is making money on the calves I sell, maybe I should background them […]

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You Can Be Paid for Protecting Your Grasslands, Rangelands and Pastures

By   /  June 21, 2021  /  Money Matters  /  No Comments

  USDA’s Farm Service Agency (FSA) is accepting applications for Conservation Reserve Program Grasslands from July 12 to August 20, 2021. The program is an effort to help landowners and operators protect grassland, including rangeland and pastureland, while while still using them for grazing. Participants receive annual payments of not more than 75% of the […]

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Success Means Working ON the Business, Not IN the Business

By   /  June 7, 2021  /  Money Matters  /  No Comments

Most people blame things beyond our control like the weather, government regulation, low commodity prices and increasing costs for their failure to make a healthy profit. These are the things most often discussed at producer meetings and in the coffee shop. These are also things we can do little about. Making them the scapegoats for […]

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Greg Christiansen’s Gross Margin Spreadsheet Helps You Focus on Profit

By   /  May 24, 2021  /  Money Matters  /  Comments Off on Greg Christiansen’s Gross Margin Spreadsheet Helps You Focus on Profit

This week, Greg Christiansen of Grandview Grain and Livestock comes to us from his kitchen/office to share the Gross Margin spreadsheet he developed for his goat/sheep enterprise. While he uses his meat goat herd to demonstrate how he uses it, it works for other livestock as well. What is Gross Margin per Unit and Why […]

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Sunk-Cost and Status Quo Bias – Getting Over These Hurdles to Success

By   /  May 10, 2021  /  Money Matters  /  Comments Off on Sunk-Cost and Status Quo Bias – Getting Over These Hurdles to Success

In last week’s article on how to prepare for drought, Dallas Mount talked about how our attachment to the animals we currently own can be detrimental to surviving a drought saying, “I won’t deny that having a home raised cow herd has advantages in experience and adaptivity. However, reluctance to liquidate cattle that we love […]

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