The ranching community is a tight network, and its members are happy to help each other out during tough times. They always helped me. Get a good banker who understands agriculture and will work with your unique situation. Sometimes, a rancher will be unable to make his loan payment on time, so be sure and explain this to your banker in advance of the bill date.
For those looking to finance their ranching venture, the Farm Service Agency targets a portion of its loan funds to small and beginning farmers and ranchers.
Visit their website for more information. This article was originally printed in the April edition of the Nevada Rancher magazine. To read more from the Rancher, visit www.
More of Jolyn Young's work can be found at www. Do small cows make more money? How to get more value from your cull cows. Photo Tour: World's largest vertically integrated cattle operation.
Home Farm Operations Ranching Young ranchers, listen up: 8 tips from an old-timer on how to succeed in ranching. Young ranchers, listen up: 8 tips from an old-timer on how to succeed in ranching. An old-timer offers advice to aspiring young ranchers. TAGS: Pasture. Hide comments. More information about text formats. This was followed by the yellow hat, which considers what positives could come out of the idea if it worked. That would include increased tonnage and better quality hay and more value per ton.
There is also the red hat, which considers other values — such as the fact the rancher might not like making hay. While many sectors of the agricultural industry are struggling, there are a lot of farmers and ranchers who love what they do too much to give up. They are putting up the good fight, working smart and seeking a way forward.
No comments on this item Please log in to comment by clicking here. Thursday, November 11, Toggle navigation Main menu. Public notices. Send us your news! Web extras. Subscriber services. Cash cow: In a struggling industry, ranchers seek ways to be profitable By Kevin Killough. This item is available in full to subscribers. Attention readers The Powell Tribune has expanded its online content.
Please log in to continue E-mail Password Log in. Need an account? And that is the typical result. Then we need to understand the major determinants of profit. These are usually not very well recognized or understood, but they are where we need to direct attention:. You will notice that I did not include individual calf weaning weight in this list. It is pounds weaned per acre that is truly important.
If you come to understand why the items on this list drive profitability and how you can manage them to best fit your location and management, individual weaning weight will fall about where it should. You may carefully increase it, but be careful. You may take more away from something economically important, like carrying capacity or pregnancy rate, than you add through weaning weight.
This all implies that you should cut overheads, market well, use inputs wisely and improve three key ratios:. These ratios correlate very highly with profit and tie back to the major determinants of profit. In other words, a small herd cannot pay adequately for your full time.
Something must fill in. When you recognize that almost none of the actions listed above are independent of the others, you should understand that, to make decisions for improved profitability, you should learn to be a systems thinker or even a better systems thinker.
0コメント