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Everybody wants to get out of the commodity business.
That’s what Tom Brink, CEO of the Red Angus Association, told Cattlemen’s College attendees at this year’s NCBA Convention and Trade Show in San Antonio in February.
For only a few cents per head per day, you can … increase gains, cure all diseases, increase fertility, end world hunger, fix your marriage and even make sense of the Democrat party (yeah, that one will probably always be out of reach). Sign me up, right?
“I want you as an operator to get outside your box. Think outside your operation,” Greg Goudeau, owner and manager of Navasota Livestock Auction in Navasota, Texas, told a packed house at the 2019 Texas A&M Beef Cattle Short Course.
There are many factors that go into running a profitable farming operation. In an industry that faces several influencing factors such as new technology, government regulations, climate change, commodity pricing and tariffs, the potential impact on your operation’s bottom line is high.
Is business expansion in your future? Most of us think of expansion as the first way to increase profit. It’s quite common to hear, “Get big or get out.”
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