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A business cannot achieve its full potential without establishing a level of structure that provides clarity for each person’s areas of responsibility, standard procedures for tasks, levels and limits of authority for each family member and employee, and an agreement on how people will be held accountable.
When looking at annual cow costs and doing an economic analysis, three categories rise to the top as the largest percentage of total costs: feed, labor and equipment, and cow depreciation.
Thanks to increasingly tight margins, dairy producers are searching for returns wherever they can find them. For some, that means exploring value-added opportunities outside their core operations.
U.S. cattle ranchers have exhibited remarkable resilience in adversity this year, but not without practice from previous years. While meat processing consolidation and price manipulation existed within the industry prior to COVID-19, recent events have brought these discrepancies into the public eye and instigated change to strengthen our domestic food supply chain against further disruption.
Growing up, there were several days that brought anxiety to the ranch: branding and sale day were probably the biggest. While there were a million things that could impact the success of branding day (mainly rain and having enough help), when it came to sale day, the entire family knew the importance of what was riding on that single day.
The truth is: One of the best ways to help employees thrive is to offer them feedback. It’s one of the most important tools leaders have to increase a sense of motivation and engagement.
Average farmland values in Canada are once again showing modest increases for the first half of 2020, although the full impact of the COVID-19 pandemic has yet to be weighed, according to a review by Farm Credit Canada (FCC).
“Succession planning would be considerably less difficult if the long-term stability of the agricultural industry was more predictable. Given the current hurdles, long-term profitability is very uncertain.
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