Financial resiliency requires knowing and tracking costs of production and comparing the costs and revenues of a specific enterprise against other possible enterprises. In this second episode with Jack Southworth, James Rogers, and Clay Worden, they discuss the many ways every ranch's context is different from another's, highlighting the importance of spending some time working on the business and not just in the business.
AoR 87: Intro to Ranch Finance, Part 2--Jack Southworth, James Rogers, & Clay Worden
Mentioned Resources
Stan Bevers, King Ranch Institute. Here is his Key Performance Indicators website and an article on why ranchers need managerial accounting instead of tax accounting.
Book by Jim Collins, Good To Great
Ranching for Profit school. For more on Ranching for Profit, see episode 80 with Dallas Mount.
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