Here's a short video featuring some excerpts from Burke Teichert's lecture at the Northern Plains Grassland Symposium in 2018 at Menoken Farm, where he lists some ways for profitable ranching, with many topics including the detrimental effects of being too focused on weaning weights, and the benefits of adapted cattle. If you'd like to follow up on some of Burke Teichert's quotes from this video, you can watch his original lecture below. Burk's Lecture is titled "Profitable Ranching, Is it Possible? Yes, if you learn how!" posted on Menoken Farm's Youtube channel. I don't care if its mom and dad and the kids, or if it's a larger ranching company with employees, I like everybody to grab on to that vision. -Burke Teichert Burke covers a lot of ground here in short time. He begins by addressing the importance of goals and a shared vision followed by listing four main areas to manage: 1. Production 2. Economics/Finance 3. Marketing 4. People He then expounds on three ways to improve profit: 1. Increase turnover 2. Decrease overheads 3. Improve gross margin (Total returns minus Direct costs) Burke then talks about his Five essentials of Ranch Management: 1. An Integrative and holistic approach 2. Continuous improvement of the key resources – Land, Livestock, People 3. Use of good planning and decision making tools 4. War on costs 5. Emphasis on marketing
1 Comment
Hilary
12/7/2021 07:43:33 am
Incredibly helpful information, thank-you for pulling all this together.
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AuthorJoe Frescoln. Livestock grazier in Southern Missouri. Archives
August 2023
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