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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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It’s a new year, and with new years comes New Year’s resolutions. A frequent resolution among cattle producers is to start keeping better records on cattle, pastures, equipment and more.

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Is business expansion in your future? Most of us think of expansion as the first way to increase profit. It’s quite common to hear, “Get big or get out.”

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This article is part one in a five-part series. Be sure to read “Ranch employees – Recruiting the right kind” in the upcoming January issue.

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With the holidays quickly approaching – and the New Year quickly after that – it’s time to start thinking 2020 marketing for your outfit. With bull sale season being the first major event on many cattlemen and women’s calendars, it’s important to be prepared.

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Many who are self-employed falsely think they own a business. The reality is that most of us simply own a job. There’s nothing wrong with that, but owning a job has no longevity and isn’t really anything that can be passed to future generations in a fashion that is sustainable.

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Whether you subscribe to culling females using the Four O’s Cow Culling Program (culling open, old, ornery and oddball cows) or not, culled females have a profit potential you’ll want to maximize, just like when you sell your calf crop. Published resources indicate up to 20 percent of an operation’s income is generated from the sale of culled animals. All of us are striving to keep culling to a minimum; however, creating management plans that will both increase income and net positive returns on investments from culls should be implemented. All too often, cattlemen have not taken advantage of management programs that can turn a profit. Let’s consider some factors producers should consider when managing for extra profit.

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