MANAGEMENT

If ever there was a busy time in a producer’s life, it is right around the time decisions are made for which animals head to the sale barn. At the end of long days, it is easy to skip over any further management for those cattle earmarked for sale and focus on the retained or growing herd that stays. A few simple considerations and actions, however, can be the difference in dollars per head once those cattle go through the sale ring.

“How to Not Go Broke Ranching” was the title of a presentation by Walt Davis at the 2017 Texas Grazing Conference. Davis has spent approximately 50 years as a working rancher with interests in west Texas and in southeast Oklahoma.

This article is part one in a two-part series. Click here to ready part two of Avoiding probate with veneficiary designations.

Probate can be costly and time-consuming – and subjects your personal information to public record. Completing a beneficiary form is a simple way to avoid probate on specific assets by designating who will receive the asset upon their death.

Timber commodity prices have been doing well this past year. This is from fortunate reasons such as the increases in the housing market – and unfortunate reasons such as natural disasters.

It’s often said: You only get one chance to make a first impression – and when it comes to selling your cattle, the buyer’s first impression can make all the difference in sale dollars.

Production sales have become more diverse in recent years, from sales at the ranch to the online arena. Many producers choose to host their sales at their ranch.