Herd management programs and data collection solutions are being advanced by various sectors of the beef industry today. And, while more of a good thing might be better than less, it can also lead to confusion and uncertainty when attempting to navigate its extreme boundaries.

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.

Keeping records current is a challenge for many busy ranchers. The lucky ones have a trusted family member who is willing to tackle this task. Experts recommend updating records at least once a month and backing up critical data to the cloud or another device to preserve information.

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

The agriculture industry is directly derived from what consumers want. And in today’s world, consumers want traceability. New technologies are constantly advancing the food system, one of these being blockchain technology.