production expenses

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.

July 3, 2024

Ross Bronson

Have you ever heard the saying, “Farmers are the poorest millionaires you’ll ever know”? Millionaire status is not based on the amount of money someone has sitting in the bank but rather their overall net worth.

Reduce financial risk when buying replacement heifers

To reduce exposure to risk, a rancher must consider replacing heifers without causing financial stress to the operation. Accurate recordkeeping, understanding the impact of higher interest rates and knowing the income streams your ranch can provide are critical.

May 9, 2024

Gilda V. Bryant

Investing in replacement heifers without financially stressing the ranch is every beef producer’s goal. They must consider risks facing the operation, manage their financial health and discover additional income streams the ranch provides.

Will record-high prices = record-high profitability?

As cattle prices rise due to drought, low cattle numbers and other factors, the hope that profitability will come with it skyrockets. However, many factors play into profitability, not just the price of cattle.

February 27, 2024

Rick Machen

Excitement continues to build within the beef industry, spurred by higher prices for every class of cattle.

Waiting for ships to come in: Rethinking ranch profitability

Producers who simply hope for profitability, rather than demand and plan for it, are missing opportunities as managers.

September 6, 2023

Jordan Thomas

Aren’t we often waiting for something to happen, dreaming of some future set of circumstances that we hope will make our operation profitable?

What cattle producers should prioritize in an inflationary market

Inflation and interest rate increases are raising expenses and requiring producers to obtain more credit. To safeguard their finances, producers should use suitable loan terms, mitigate price risk and assess their risk tolerance.

July 14, 2023

Josh Davis and Boston Howe

As record-breaking inflation continues to make headlines, few consumers or industries aren’t feeling the impact of higher prices and interest rates. But even during times of incredible market volatility, producers can mitigate their risk and create staying power for the future.

Using QuickBooks classes to track livestock enterprises

Learning to use the QuickBooks class tracking feature provides producers with a meaningful view of what entities are the most profitable and which ones need improvement.

February 24, 2023

DeDe Jones

Are you better off selling your calves at weaning, as stockers or carrying them through the feedlot? Is it more profitable to retain heifers or purchase cows when replenishing the herd?