In today’s episode, host John Haskell is joined by Jordan Steele to discuss the importance of annual tax planning for those in the farming and ranching industry. Jordan shares the importance of maintaining accurate records throughout the year and potential tax liabilities that come with running a profitable business. Jordan also offers valuable insight into various factors that should be considered in tax planning, including what has already occurred in terms of income and expenses, what is projected for the remainder of the year, and potential strategies to manage tax obligations.

In this episode, we cover:

• Using the remainder of the year to prepare and plan for taxes
• Strategies for managing tax liabilities
• An overview of capital purchases, depreciation, and tax strategies
• Why you should fill the bottom tax brackets every year

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Find the complete show notes here: https://www.ranchrightllc.com/post/annual-tax-planning-with-jordan-steele-episode-17

Connect with Jordan:

• Email him at jordan@ranchingforprofit.com
• Ranching for Profit

Connect with Ranch Right, LLC:

• Subscribe on YouTube
• Follow on Instagram @ranchrightllc
• Follow on Facebook
• Check out the website

Resources & Links:

• Book a Free Discovery Call to Learn More
• Ranching for Profit
• Ranching.FYI
• Wally Olson, Olson Ranch LLC

Mentioned in this episode:

Learn more about Ranch Right, LLC

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In this episode of the Ranchonomics podcast, host John Haskell welcomes guest Dallas Mount, to discuss the value of continuing education within the ranching industry. John and Dallas explore why even during financially challenging times, investing in education is crucial for the growth and sustainability of your ranching business.

In this episode, we cover:

• That meaningful professional development usually requires stepping away from the daily operations to gain new perspectives and knowledge
• Investing in your education should be a part of your annual business plan and budgeted for accordingly
• Common reservations and fears about investing in education
• Viewing continuing education not as an expense, but as an investment with long-term returns

Make sure to hit subscribe/follow so you never miss an episode!

Find the complete show notes here: https://www.ranchrightllc.com/post/value-of-continuing-education-with-dallas-mount-episode-16

Connect with Dallas:

• Follow on Facebook
• Connect with on LinkedIn
• Follow on Instagram
• Website: http://ranchmanagement.com

Connect with Ranch Right, LLC:

• Subscribe on YouTube
• Follow on Instagram @ranchrightllc
• Follow on Facebook
• Check out the website

Related Episodes:

• Episode 4: Applying Sell Buy Marketing in Sheep with Aaron Helmick

Resources & Links:

• Book a Free Discovery Call to Learn More
• Ranching for Profit
• Ranching.FYI
• Wally Olson, Olson Ranch LLC

Mentioned in this episode:

Learn more about Ranch Right, LLC

Website

In this episode of the Ranchonomics podcast, host John Haskell has on guest Aaron Reese of Provident Meat Company in Fillmore, Utah to visit about his meat processing business. Aaron shares his journey of starting a meat processing plant during the pandemic and the challenges faced, specifically navigating government regulations. The discussion emphasizes the importance of effective communication between ranchers and processors, understanding beef grading, and managing expectations.

In this episode, we cover:

• Overview of the meat processing business and its complexities
• Challenges faced by smaller meat processors in a competitive industry
• Importance of understanding beef grading and quality standards
• Navigating custom cuts and managing customer expectations
• The significance of building strong relationships between ranchers and processors

Make sure to hit subscribe/follow so you never miss an episode!

Connect with Aaron:

• Check out their website
• Follow on Instagram @providentmeatcompany
• Follow on Facebook

Connect with Ranch Right, LLC:

• Subscribe on YouTube
• Follow on Instagram @ranchrightllc
• Follow on Facebook
• Check out the website

Resources & Links:

• Book a Free Discovery Call to Learn More
• Ranching for Profit
• Ranching.FYI
• Wally Olson, Olson Ranch LLC

Mentioned in this episode:

STRATEGIC RANCH SIMULATIONS: JOIN THE SIMS HERE