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Cattle producers who work the marketing grid premiums know every detail counts, both in their cattle and their bottom line.

Ranchers and farmers know working with livestock can cause injuries, occasionally even deaths, but do you understand how to reduce your legal risks and financial liabilities?

Anyone who has attended farm or ranch educational programs around the country have likely heard talk of the importance of having an estate plan.

Suggesting that everyone could benefit from using a particular accounting technique is risky. It would have to simplify a job that “everyone” needs to do and save “everyone” a lot of time.

Recordkeeping for cow-calf producers is an essential part of running a successful operation, regardless of size or business goals. While almost all producers keep an animal inventory to track purchases and sales, many also choose to maintain production records to facilitate better decision-making.

Editor’s note: This article is part two in a three-part series.

In the first article in this series of three, we discussed the difference between unit cost of production (UCOP) and break-even price, and contend the two are not interchangeable.