Are You Operating Your Ranch For Profit Or Convenience?

by Burke Teichert in Strategic Planning For The Ranch

If ranching isn’t fun and profitable, it isn’t sustainable. Thus, there’s very little incentive for the next generation to carry on.

In recent articles, I’ve asked how we define ourselves – cowboys, stockmen, grass farmers, ranchers, etc. I then proposed a few ways to avoid or escape “paradigm lockdown.” Last month, I suggested a way to easily and effectively analyze different methods of structuring and operating our businesses.

My purpose was to suggest that we too often use our thinking and planning time for tasks that either don’t matter much economically, or that we are already pretty good at. I’m not sure why that is; perhaps it’s just easier to keep doing what we’re doing and try to improve little by little.

I often see decisions made for the sake of convenience, personal preference or to maintain the current operating system rather than for profitability. It seems we get so emotionally engaged in what we are doing and the way we do it, that we would almost rather lose money than to change. And, I might add, that some do continue to lose money rather than change or even look for ways to change.

Dave Pratt, in his Ranching for Profit school, emphasizes the difference between “working in the business” (WITB) and “working on the business” (WOTB)…

Click here to continue reading…

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Books by Dr. Jimmy T. (Gunny) LaBaume

Planned Grazing: A Study Guide and Reference Manual by Jimmy T (Gunny) LaBaume.

This guide is a detailed book review of sorts, but perhaps it would be more accurately described as an abstract that condenses 864 pages of detail into 189 pages of concentrated information. No more excuses for failing to properly plan your grazing. The booklet is available from Amazon.com in both soft cover and Kendall versions. Click here. 

CoverA Handbook for Ranch Managers A Comprehensive Reference Manual for Managing the Working Ranch. Click here to buy the paperback version from Land & Livestock International’s Rancher Supply aStore.

Digital media products such as Kindle can only be purchased on Amazon.com. Click Here to buy the Kendall Version on Amazon.com

To purchase an autographed copy of the book Click Here

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The Betrayed: On Warriors, Cowboys and Other MisfitsThe Betrayed: On Warriors, Cowboys and Other Misfits.  Click here to buy the paperback version from Land & Livestock International’s Rancher Supply aStore.

Digital media products such as Kindle can only be purchased on Amazon.com. Click Here to buy the Kendall Version on Amazon.com

To purchase an autographed copy of the book Click Here

About Land & Livestock Interntional, Inc.

Land and Livestock International, Inc. is a leading agribusiness management firm providing a complete line of services to the range livestock industry. We believe that private property is the foundation of America. Private property and free markets go hand in hand—without property there is no freedom. We also believe that free markets, not government intervention, hold the key to natural resource conservation and environmental preservation. No government bureaucrat can (or will) understand and treat the land with as much respect as its owner. The bureaucrat simply does not have the same motives as does the owner of a capital interest in the property. Our specialty is the working livestock ranch simply because there are so many very good reasons for owning such a property. We provide educational, management and consulting services with a focus on ecologically and financially sustainable land management that will enhance natural processes (water and mineral cycles, energy flow and community dynamics) while enhancing profits and steadily building wealth.
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