Profitable Ranchers from a Facebook post by Kit Pharo
Profitable Ranchers manage their grass in such a way that they are able to increases grass production by 50% to well over 200%… This allows them to graze year-round – with more cows and with very few (if any) inputs.
Profitable Ranchers work with nature – instead of against it.
Profitable Ranchers focus on pounds (and profit) per acre – instead of on pounds per calf.
Profitable Ranchers know that the easiest money they will ever make is the money they DON’T spend (a penny saved is a penny earned).
Profitable Ranchers know they are in the business of converting FREE Solar Energy into a high-quality food product – and when properly done, the cow will do nearly all of the work for them.
Profitable Ranchers know they must produce low-maintenance cows that fit the environment – instead of artificially changing the environment (with high-priced inputs) to fit their cows.
Profitable ranchers continued by Jimmy T. LaBaume (with a little help from Stan Parsons)
Profitable ranchers – have written business plans (both at the strategic as well as the tactical level)
Un-profitable ranchers put our fires. Profitable ranchers write fire prevention plans.
Profitable ranchers – plan for drought and survive it effectively. Un-profitable ranchers try to feed their way through drought and fail.
Efficient Ranchers – do things right. Profitable (effective) ranchers – do the right thing.
Profitable ranchers – own a business. Un-profitable ranchers own a job.
Profitable ranchers understand the difference between husbandry and management. Un-profitable ranchers think they are the same thing.
Profitable ranchers divest themselves of expensive machinery. They realize that all they need is a small used pick-up truck and three hammers. That way, when times get hard, they can sell a hammer. The largest piece of machinery near their ranch will be a wheel barrow and that is only for those who are real “gear heads.”
Profitable ranchers feed very little hay in the winter (because they have planned their grazing) and buy whatever they feed. Un-profitable ranchers spend their summers growing, irrigating, bailing and putting up hay and their winters kicking it out the back of a pick-up truck while a half-million dollars worth of equipment rusts away sitting in the barn.
Profitable ranchers do not look AT their range. They get their lazy asses out of that air conditioned pickup truck (or down off of that over-paid horse), get down on their hands and knees and look INTO the range.
Profitable ranchers do an annual cash flow budget twice a year (with 6 months overlap). Un-profitable ranchers keep books on the dash of their pick-up trucks.
Un-profitable ranchers whine about ranching being a “way of life” while profitable ranchers know that the sustainability of any particular “way of life” requires a sustainable business.