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

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

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

Website

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

Today’s episode is part two of a two-part series about market timing. Host John Haskell sits down with guest Bob Metzger to talk about expected returns and market risks to borrowing strategies and tax advantages. Bob shares valuable insights on cattle market dynamics, the importance of long-term investment strategies, and the critical need for continuous learning in the livestock business.

Bob Metzger is an Ag Econ graduate from Oklahoma State. He was formerly Vice President of Investments with A.G. Edwards, the fifth largest brokerage firm nationwide. Bob managed client assets of 180 million using stocks, bonds, mutual funds, and ETFs. Currently, Bob has a ranch in Hugo, Oklahoma and grazes cattle in various locations. He is a devotee of Bud Williams’ marketing and stockmanship.

Make sure to catch episode 13 which was Part 1 of this two-part series.

In this episode, we cover:

• The economics of equity investing versus livestock investments
• Advantages of attending marketing schools and gaining practical skills
• The myth of modern financial struggles
• Timeless advice to control what you can and ignore the noise

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

Find the complete show notes here: https://www.ranchrightllc.com/post/market-timing-with-bob-metzger-part-2-episode-14

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

Today’s episode is part one of a two-part series about market timing. Host John Haskell sits down with guest Bob Metzger to talk about market valuation, timing, and investment strategies in both the stock and cattle markets. Bob underscores the importance of staying invested, leveraging consistent reinvestment strategies, and the power of compound growth.

Bob Metzger is an Ag Econ graduate from Oklahoma State. He was formerly Vice President of Investments with A.G. Edwards, the fifth largest brokerage firm nationwide. Bob managed client assets of 180 million using stocks, bonds, mutual funds, and ETFs. Currently, Bob has a ranch in Hugo, Oklahoma and grazes cattle in various locations. He is a devotee of Bud Williams’ marketing and stockmanship.

Tune in to learn about effective market risk management and how a disciplined investment approach can yield substantial long-term benefits.

In this episode, we cover:

• Common mistakes in market timing
• Influence of emotions (fear and greed) on market valuations and how staying invested can help mitigate emotional decision-making
• Some examples and stories of the cost of poor market timing and long-term financial loss
• Importance of long-term investment in cattle to manage market fluctuations

Connect with Ranch Right, LLC:

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

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

Find the complete show notes here: https://www.ranchrightllc.com/post/market-timing-with-bob-metzger-part-1-episode-13

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

In today’s episode, host John Haskell sits down with Dallas Mount to discuss their collaborative efforts in turning ranching operations into profitable businesses. The discussion dives deep into the importance of both education and implementation, the evolving landscape of regenerative agriculture, and the complementary roles Ranch Right and Ranching for Profit play in equipping ranchers for success.

Dallas is the owner of Ranch Management Consultants (RMC), home of the Ranching for Profit School and the Executive Link program.

In this episode, we cover:

• Explanation of what each of our organizations do and how they complement each other
• How we have similar missions but are serving the customer in different ways
• How Ranching for Profit teaches the foundational principles and Ranch Right aids in implementing said principles
• The power of healthy disagreements and the positive impacts of competition

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

Find the complete show notes here: https://www.ranchrightllc.com/post/ranch-right-ranching-for-profit-are-partners-with-dallas-mount-episode-12

Connect with Ranch Right, LLC:

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

Connect with Dallas:

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

Resources & Links:

• Sam Walton: Made in America book
• 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

In today’s special bonus episode, Cinnamon Lenhart is on the show to introduce an exciting upcoming event happening for Ranching.FYI. Cinnamon shares her background as a fifth-generation rancher and her involvement in creating Ranching.FYI.

Ranching.FYI’s mission is to help ranchers make better decisions faster and one way they’re doing that is with the upcoming Strategic Ranch Simulation event. This event is designed to help ranchers implement effective, real-world decision-making strategies. You’ll run scenarios and practice in a way that is realistic, so that you can feel prepared to make difficult decisions in our fast-paced industry.

This particular event is focused on changes in the cattle market and is happening in Gillette, WY on October 28-30, 2024.

• Join the Strategic Ranch Simulation by clicking HERE
• Learn more HERE
• Email us as ranching.fyi@gmail.com

In today’s episode, host John Haskell talks with Kyle and Kristin Marshall, ranchers from Burwell, Nebraska, about their recovery from a devastating wildfire 18 months prior. The fire, which began as a controlled burn on a neighbor's property, spread uncontrollably, destroying significant portions of their ranch. The Marshalls discuss the emotional and financial impacts, their recovery process, and navigating insurance claims and federal assistance. They emphasize the importance of documentation, advocating for yourself, and community support, as they share lessons learned and their journey of rebuilding, resilience, and finding hope after fire.

In this episode, we cover:

• The Marshall family’s experience following a devastating wildfire
• The losses they incurred and the challenges they faced in navigating insurance claims and federal assistance
• Advice for others who are faced with this challenge and practical tips to get through it
• Their reflections of the journey and how both the good and the bad parts taught them lessons and ultimately gave them hope for the future

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

Find the complete show notes here: https://www.ranchrightllc.com/post/hope-after-fire-with-kyle-kristin-marshall-episode-11

Connect with Ranch Right, LLC:

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

Connect with the Marshalls:

• Follow on Facebook
• Connect with on LinkedIn

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