The carbon markets are maturing. While some may remember early attempts, it has been since the Paris Agreement in 2015 that demand for carbon credits has really strengthened. There have been dynamic shifts over the last five years, in particular.

The livestock industry is thriving with high calf prices. Sound accounting principles are crucial for strategic investments and sustainable growth. Managerial accounting offers a broader perspective on expenses and profitability.

Early indicators and predictions show that the beef industry is slowly considering rebuilding the herd. Fewer heifers are being placed on feed and many producers’ current stocking rates are so low that they have nowhere to go but up in numbers.

Most agree that a labor shortage is becoming one of the biggest challenges facing the agricultural industry in the coming years. Many producers are already experiencing the crunch. The question then becomes, in addition to retaining current employees, what steps can the industry take to find qualified employees?

Employee performance is important to the success of any business. The company provides a fair and livable wage and expects a certain and appropriate level of effort and outcome in return.

Many large corporations have made goals to become carbon neutral. To reach those goals, companies must lessen their emissions, purchase offsets or a combination of the two. This has led to a voluntary market for carbon credits in the U.S. where carbon, verified as sequestered, can be sold, thus providing opportunities for agricultural producers.

Those in charge of a business and its employees have a direct influence on the culture and ethics of the workplace. Leaders should pay close attention to the culture they create. 

The Public Lands Rule recently enacted by the BLM has the potential to be a positive step in the direction of flexible grazing management on public lands, or a significant challenge to the ranching industry in their ability to access affordable grazing options. It will be in livestock producers’ reaction, and subsequent forward action to this rule, that the outcome is written. 

Have you ever heard the saying, “Farmers are the poorest millionaires you’ll ever know”? Millionaire status is not based on the amount of money someone has sitting in the bank but rather their overall net worth.

The ranching industry often prides itself in long days and hard work. “There is always something to do” is the motto!