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

By   /  May 10, 2021  /  Money Matters  /  No Comments

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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Managing Risk and Social Pressure

By   /  April 26, 2021  /  Money Matters  /  1 Comment

This 3 minute video is part of the NRCS-sponsored series Soil Health How-To. In this series, Dr. Buz Kloot, visits farms, orchard and vineyards in the West and Southwest to see how they are implementing soil health principles.During his visit to Idaho, Buz meets with farmers Luke Adams and and Brian Kossman to talk about […]

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Business Planning Without Killing Your Dreams

By   /  April 12, 2021  /  Money Matters  /  1 Comment

I am not a planner, at least not in the strict sense of the term. I’m more of a “visionary.” I get a picture of something I’d like to do or accomplish, I imagine it fully-formed and beautiful, I think about the first steps for heading in that direction, I describe the benefits to myself […]

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The Turnaround: A Rancher’s Story

By   /  March 29, 2021  /  Money Matters  /  No Comments

Dave Pratt has a new book out and it’s one all graziers should read. Packed with principles and processes drawn from the widely acclaimed Ranching For Profit School, The Turnaround: A Rancher’s Story, tells a story familiar to us all about facing the frustrations and overcoming the challenges that all family ranches must overcome if […]

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Turning a Livestock Operation into a Profitable Business – First Steps

By   /  March 15, 2021  /  Money Matters  /  Comments Off on Turning a Livestock Operation into a Profitable Business – First Steps

March 15 is the day that business taxes are due. I don’t know why it’s a month earlier than regular taxes, but ever since I started running On Pasture as though it were a business, I’ve learned a lot about that kind of thing. There’s so much to know, and as Dave Pratt says here, […]

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