Business Management
A farmer or rancher can take steps to ensure that their voice is heard in the policy-making process by engaging with the agency and providing feedback. Create an effective and impactful voice in your communications with agencies.
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Spreading fixed costs over multiple revenue streams
Agricultural businesses are asset-heavy. Rather than making efforts to lower fixed costs, livestock producers may find more success evaluating how they can generate additional revenue with their current assets.
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Creating, building and maintaining trust
High levels of trust in a team implies that its members feel they can be completely transparent. They have no fear of criticism and have confidence that any feedback is honest and constructive.
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Supporting ranch sustainability
A stool with three legs is an effective illustration of sustainability; the legs represent the three most common sustainability pillars – environmental, social and economic. Viability of the stool depends on support and involvement of all three legs.
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Finding the right balance: Relying on instinct, data or both
Cattle producers are privy to more data about their herds and the market than ever before. Combined with their intuition, that data can be a powerful tool for managing risk and animal health.
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3 steps to help employees be happier at work
Measuring success for each job, identifying who or what benefits from a job well done and getting to know team members on a personal level can improve workplace morale and employee satisfaction.
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Beyond fundamentals: Next-level feedyard risk management
Risk management is crucial for maintaining profitability and long-term success in the cattle business. Thinking beyond traditional fundamental analysis and considering other critical factors such as seasonal patterns, money flow, price action, trends and volatility can create the best marketing strategies.
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Identifying a non-family successor for your farm or ranching operation: A strategic business approach
An effective leadership transition is not only about securing the future of your operation, but is also about nurturing the next generation of agricultural leaders who will continue to uphold the legacy of your organization for years to come.
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Adding value without reinventing the wheel
Value-added programs offer premiums to producers but may be seen as extra work not worth the extra income. However, many ranchers are already on track for a number of verification programs and would need to make very minimal adjustments to their existing management protocols.
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The perks and challenges of direct marketing beef
Direct-to-consumer marketing may not be for every operation, but it provides a valuable option for many producers to achieve sustainable profitability.
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