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MANAGEMENT

Read how to improve your supervision of employees, financial matters, identification and record keeping. Learn more about land use issues that affect your operation.

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There are many important financial issues to be aware of when selling a farm or ranch. Planning for a sale with a team of advisers well in advance of a sale is critical for identifying these issues and for implementing strategies to effectively deal with them. One of the biggest issues is the income tax that can result from a sale.

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Before getting into specifics about South American beef production, it’s important to review how the U.S. fits into the global beef production industry.

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Are managers leaders? Are leaders managers? This question has sparked much debate in the business world and for many years with leadership researchers, who have studied the structure and success of businesses.

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When you first drive onto an expressway and you’re not sure what the speed limit is, do you go as fast as you can or hold back until you see a sign?

That’s the kind of dilemma that untrained employees face. They aren’t sure what to do. They can’t operate at maximum performance output because they are under pressure to do well and avoid making mistakes. But properly trained employees understand the rules. They know they are doing a good job, are less stressed and use their energy toward being more productive.

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With prices for feeder cattle, soybeans and corn reaching record highs over the past few years, and drought forcing the liquidation of many herds, many producers are contemplating their future in the industry. Should they hang on and purchase feed or exit the industry?

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One of our agricultural adages is that the best land makes the most money. In our livestock enterprises, we feel the same way about our animals.

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