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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.

LATEST

A recent publication listed the top New Year’s resolutions for 2012. As you might guess the most popular ones had to do with pushing away from the table, getting more exercise, getting their lives more organized including budgeting and getting more out of life. By the time you read this you have probably already broken one of them.

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Seeing a family business successfully transfer from one generation to the next is a goal of many that is, unfortunately, achieved by only a few.

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Estate tax planning has never been an art of certainty, but the last two years have brought about a new era of uncertainty.

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Enforcement action by the Internal Revenue Service has actually increased in recent months in the farming and livestock field.

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Estimates ranging from 650,000 head to nearly 1,000,000 head of cattle have left the drought-stricken states of New Mexico, Texas and Oklahoma.

A lack of hay, high transportation costs, low water and a steady cow market, until recently, were all factors in herd reductions or liquidation.

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“In the cattle production system, your cattle are only as good as your weakest link – genetics, health, management, feedstuffs – all those things. We do everything we can with preventative medicine so that we don’t have to treat calves,” says Jim Lerwick of Lerwick Brothers, LCC. “Health management may not be quite as important as genetic management, but it’s really, really close.”

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