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The most recent Drought Monitor map confirms the Mountain region and parts of the Northern Plains region are currently the most affected by drought conditions.
Getting started in the cattle business is extremely capital-intensive, but alternatives such as custom grazing, running stocker cattle, leasing land or even cattle can be viable options.
It’s often said that agriculture and the livestock industry are slow to change. This may be partially true, but they are transforming themselves, nonetheless.
My entrance into the farm business world came by a rather unexpected job offer my senior year of college to work for our regional farm credit association.
The stocker cattle business can be extremely rewarding when a producer follows all of the rules and devotes his or her time to the cattle purchased. The stocker cattle business can be extremely devastating if rules are not followed and the producer does not put in the time. What is this fool talking about? Give me a chance to explain, and I think it will all make sense in the end.
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.
Did you know there is a difference between economics and finance? If you are not familiar with the distinction, here it is in simple terms: Economics is about whether we should do something, and finance is about whether we can do something.
This can be a busy time of year for many farmers and ranchers. Calving season may be in full swing, feeding and other chores are carried out in cold weather, and tax returns are completed and filed. In addition, there are a plethora of meetings, conferences and other educational opportunities.
I am 100% serious when I tell people that I learn more about QuickBooks from the people I teach than the classes themselves. Throughout my travels and conversations, I have found a few things that help me in my year-end tax planning that you may find useful as well.
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