I almost always encourage ranchers to develop a management strategy that makes the cattle cycle work for them rather than against them. It is now time to develop that next plan again. This is part 1 in a multi-part series.
You can't manage what you don't measure. While this is true for all aspects of an agricultural operation, and any business, nothing could be truer when it comes to measuring and tracking your ranching operation's finances.
In Risk management 101, we analyzed the various levels of risk associated with using risk management tools to help price your calves. In the second part of this series, let’s look at some examples of how it all works.