Now that 2014 is here, it’s time to start thinking ahead for what the year will bring. The New Year looks bright for livestock producers, with more affordable corn, strong global demand and tight supplies. Whether you’re feeling bearish or bullish about the upcoming year, now’s the time to develop some resolutions for 2014.
Of course, there are the old standbys of losing weight and getting more organized, but a new year is a good time for ranchers to resolve to improve, expand or further diversify their operations.
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Here are a few ideas to get the ball rolling:
1. Start your transition plan.
2. Communicate with family members about future plans and goals.
3. Update equipment.
4. Buy more bred females.
5. Invest in a new herd bull.
6. Attend more cattlemen’s conferences to keep up on the latest industry issues, or take a class to learn how to do artificial insemination or embryo transfer
7. Cull old and poor-producing cows.
8. Take stock of your inventory.
9. Improve your record-keeping system.
10. Do a better job of marketing your cattle
This list is just a start at what’s possible out there. I encourage you to take some time to develop the resolutions or goals that best fit your situation and post them in a prominent place to keep them top of mind in the coming year.
What do you hope to accomplish in 2014? Are you optimistic about the year ahead? Share your goals and ideas in the comments section below.
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