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One of the richest blessings a family business could have is a patriarch or matriarch (I’ll use patriarch for both roles for simplicity in this article) who has moved out of their day-to-day leadership role yet is still available to share their unique wisdom when the need occurs.
There have been large amounts of price movement for feeder cattle this spring and summer due to a variety of factors, including strong domestic retail and export beef demand, meat processing issues, a run-up in feed prices, worsening drought conditions and the loosening and retightening of local COVID-19 restrictions.
Lights, camera, auction! Many producers would agree they are more comfortable with their daily ranch duties than they are in marketing their product. While traditional auction barn sales will always have their place in the cattle business, video auctions may be the ticket to boasting cattle on a broader screen.
Sunk cost fallacy: A tendency for people to irrationally follow through on an activity that is not meeting their expectations because of the time and/or money already invested.
Have cattle to feed? Avoid the cookie-cutter plans, says Warren Rusche, extension feedlot specialist at South Dakota State University. Not every ranch, pen or feedlot is alike or ideally suited to handle the same class of cattle.
It is important to consider all potential hazards when working around a bunker silo. Some of the greatest risks include being crushed under falling silage and falling from on top of the silage pile.
A wise person once said you can have more money over a long time if you make more than you spend or spend less than you make. The roller coaster of grain prices has pinched many farmers who are saying “I shoulda … ”
Farm fires aren’t a popular topic – nobody likes to imagine “what if.” For example, what if a fire takes out a barn, machinery shed, home or grain elevator?
The potential for higher interest rates is the darkest cloud shading recent news that farm debt in Canada recorded the smallest increase in six years, according to Farm Credit Canada’s (FCC) chief economist.
On July 13-14, more than 325 dairy farmers from across Canada gathered for the Dairy Farmers of Canada (DFC) virtual annual general meeting (AGM) to discuss some of the challenges facing the sector and to identify future opportunities under the theme of “Cultivating Sustainability in Dairy Excellence.”
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