There are many barriers that prevent ranchers from making a buck. Here are eight common pitfalls and how to avoid them.
I took part in a discussion the other day on the biggest roadblocks to improving ranch profitability. Experience and logic tells me there are eight common problems. Here's my list:
1. Lack of interest in learning correct grazing management. This can increase profits by two to three times.
2. Lack of interest in learning marketing knowledge. This can be another way to greatly increase profits.
3. Lack of interest in learning low-stress stockmanship. This is a proven way to reduce medicine costs and have higher performance.
4. Lack of interest in protein supplementation when it's needed or cost effective. Well-applied supplementation in certain environments can eliminate hay feeding and thus save around $100/cow/year, particularly for people using low octane/high fiber stockpiled forages.
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