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Anyone who has attended farm or ranch educational programs around the country have likely heard talk of the importance of having an estate plan.

Suggesting that everyone could benefit from using a particular accounting technique is risky. It would have to simplify a job that “everyone” needs to do and save “everyone” a lot of time.

Recordkeeping for cow-calf producers is an essential part of running a successful operation, regardless of size or business goals. While almost all producers keep an animal inventory to track purchases and sales, many also choose to maintain production records to facilitate better decision-making.

Editor’s note: This article is part two in a three-part series.

In the first article in this series of three, we discussed the difference between unit cost of production (UCOP) and break-even price, and contend the two are not interchangeable.

The Small Business Administration (SBA) issued two new interim final rules (IFR) on Jan. 7 and for the first time finally addressing Paycheck Protection Program (PPP) loans for farmers and ranchers.

When managing grazing livestock, matching forage production potential and animal intake seems to be often overlooked or incorrectly assumed. When I drive by a ranch in the first week of June and pastures are grazed as tight as putting greens, I know the forage system will soon fail.