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Articles Tagged with ''budgeting''

What cattle producers should prioritize in an inflationary market

Inflation and interest rate increases are raising expenses and requiring producers to obtain more credit. To safeguard their finances, producers should use suitable loan terms, mitigate price risk and assess their risk tolerance.
July 14, 2023
Josh Davis and Boston Howe

As record-breaking inflation continues to make headlines, few consumers or industries aren’t feeling the impact of higher prices and interest rates. But even during times of incredible market volatility, producers can mitigate their risk and create staying power for the future.


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Are low-cost parlors the industry’s best-kept secret?

For more than 20 years, the low-cost parlor design has been a staple for speed and efficiency when it comes to milking systems. As the design has been fine-tuned, it has put more emphasis on ergonomics and safety while milking cows.
July 6, 2023
Jenn Coyne

J Schanbacher has milked in his fair share of milking systems, but there is one design that has met all his expectations as a dairy producer.  


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Tips for building a long-term relationship with your lender

April 5, 2023
Erica Louder

For your operation to survive the lean times and grow in the good times, you need a quality relationship with your lender – not a transactional one.


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4 tips for ranch families on managing a household budget

March 2, 2023
Kalyn Waters

For ranching families, it is common for their household expenditures to be included in their operating budget and loan. With that, household budgets need to be managed differently for ranch families than for families who don’t utilize operating loans.


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Transitioning to robotics: What to consider from a financial perspective

Transitioning to a robotic milking system is a significant investment for any dairy business. Consider these five areas when determining if robots are the right fit for your dairy farm.
February 9, 2023

It feels like these days we are inundated with information about automated milking systems. We have learned how these new innovative systems can increase productivity and improve efficiencies.


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Doing your homework to make bull buying easy

Few decisions have as big an impact on your operation as which bull to purchase. Given due attention to detail beforehand, that choice can pay both short- and long-term dividends.
January 17, 2023
Troy Rowan

Purchasing a bull is one of the most consequential decisions a cow-calf operation can make. Bulls play an outsized role in the long-term genetic progress of our herds, especially when females are retained.


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[Podcast] Budgeting tips with DeDe Jones, and the best and worst Christmas songs

December 1, 2022

In this episode, Editor Carrie Veselka discusses budgeting tips and financial habits for the new year with DeDe Jones from Texas A&M University. Also, Carrie, David Cooper, Cassidy Woolsey, and Paul and Tyrell Marchant preview the December issue of Progressive Cattle and duke out the best and worst Christmas songs of all time.


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Budgeting tips and programs for the new year

A new budget should be created each year at the beginning of a production cycle. Budgets contain both revenue and cost projections, helping producers plan ahead so financial obligations such as loan payments are met.
November 14, 2022
DeDe Jones

Budgets help ranchers plan ahead so they can meet financial obligations such as loan payments and monthly bills. 


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Planning and cash flow: Brothers in arms

The cash flow budget is a tool that assists dairy producers with financial planning.
October 4, 2022
Kevin Bernhardt

Dwight D. Eisenhower, supreme commander of Allied forces, once said,“In preparing for battle I have always found that plans are useless, but planning is indispensable.” 



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When it is time to sell your production, remember you are driving the bus

June 17, 2022
John Blanchfield and Heather Malcolm
Editor’s note: John and Heather are not providing legal advice. They are sharing what they have learned from their years as bankers working with farmers and ranchers. This spring, the ag press has been filled with breathless articles about the future direction of commodity prices.
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