Current Progressive Cattle digital edition
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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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The IRC section 1031 exchange is one of the most powerful tax-saving and wealth-building tools available for people who own highly appreciated land.

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What on earth is a flight plan, and why do farmers and ranchers need one? The name is derived from the song “I’ll fly away.” You know the one … “I’ll fly away, oh glory, I’ll fly away. When I die, hallelujah, by and by, I’ll fly away.”

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This article is part three in a five-part series. Be sure to read “Evaluating employee performance” in the upcoming March issue.

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There are many factors that go into running a profitable farming operation. In an industry that faces several influencing factors such as new technology, government regulations, climate change, commodity pricing and tariffs, the potential impact on your operation’s bottom line is high.

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It is of no surprise when talking to cow-calf producers that overhead costs are a significant concern as there are substantial expenses that need to be covered by the beef cow herd. However, the productivity and profitability of the cow-calf enterprise can be greatly impacted by our management and evaluation decisions.

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Now more than ever, producers are trying to maximize outputs and herd performance all while reducing costs. Taking advantage of tools that allow for reduced costs and increased productivity and profitability is an essential worth to producers in today’s industry. One tool that has been utilized in the beef industry for several years, and one that has evident value in beef production is crossbreeding. Crossbreeding provides increased performance with minimal, if any additional costs to the producer.

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