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Record Keeping and the Importance of Journaling

By   /  November 23, 2020  /  Money Matters  /  1 Comment

In keeping with the spirit of the Thanksgiving week, here’s a little something about how record keeping can make us remember the past and be grateful. There have been, over the years, many discussions of the importance of records in the livestock business. There are production records. There are breeding and birthing records. There are […]

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How Much Should I Charge/Pay for Pasture Rental?

By   /  November 9, 2020  /  Leasing Pasture, Money Matters  /  No Comments

Good question! And one I’ve been asked quite often. One good place to start is at the USDA National Agricultural Statistics Service. NASS is the federal agency tasked gathering and reporting the facts on American agriculture for people working in and depending on the industry. In addition to a Census of Agriculture every five years, […]

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Here’s a Tool to Make Farm/Ranch Financial Analysis Easier

By   /  October 26, 2020  /  Money Matters, Resources  /  No Comments

If you’re not a great record keeper, you’re not alone. Most folks I know would rather be outside doing chores than inside filing receipts or going through records to figure out if the latest enterprise is bringing in the expected profit. So, to make it easier, and set you up for success, the Center for […]

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Is “Tradition” Harming Your Operation?

By   /  October 12, 2020  /  Money Matters  /  1 Comment

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 […]

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How to Start a Ranch From Scratch

By   /  September 28, 2020  /  Money Matters  /  2 Comments

Can’t be done. At least that is what conventional wisdom says. I’d agree that it can’t be done, if you follow the rules of traditional ranching – running cows the way everyone else does and owning everything. If you are willing to break some rules and challenge conventional wisdom maybe you can join the amazing […]

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