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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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Recently I was asked, “Why do show ring standards for quality fail to match the standards for quality in the industry?”

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The new year brings with it new motivations and goals. Many people make New Year’s resolutions – only to hope that they are still following them by the end of January.

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Without question, significant opportunities exist today for young people in the U.S. beef industry. Our nation’s cattle producers are getting older.

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Many producers are accustomed to negotiating leases in pasture and never putting anything in writing. Often these arrangements work fine, and no written documentation is ever needed.

But when a problem arises – and there are litany of situations under which problems can arise – the lack of written lease agreement for either grazing land or a bull can cause major problems for both parties involved.

The best practice for all producers is to take the time and invest the money to ensure that all leases are in writing and are reviewed by an attorney.

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If you are considering selling a farm or ranch, there are important tax and financial planning issues of which you need to be aware.

Engaging in planning prior to a sale is critical for identifying these issues and for implementing strategies to effectively address them.

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According to the 2007 census of agriculture, there was a 30 percent increase in the number of farms principally operated by women since 2002. Women now manage 14 percent of the nation’s 2.2 million farms.

The complex task of balancing work and family makes concerns of farm and ranch women unique.

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