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.

Every farm manager must make decisions about equipment. When to buy, when to sell and when to hire out the work are common questions. All of these decisions start from the same place: understanding your costs.

Average calf weaning weight and market price are popular topics for discussion among cattle producers.