Ranch financial health

AoR 103: Pasture, Range, & Forage (PRF) Insurance with Matt Griffith

The PRF program insures against unusually low precipitation during 60-day periods critical to your forage growth, unlike drought insurance, which typically is based on annual precipitation over a water year or calendar year. Matt Griffith of WSR Insurance in California explains how PRF works in this episode in our ranch financial resiliency series.

AoR 102: Livestock Risk Protection in Practice, with Dick Coon

Dick Coon is a rancher in Eastern Washington who has used LRP insurance for nearly a decade to reduce the significant financial risks of ranching in pretty tough country. And because the Northwest cattle markets tend to be lower than the rest of the country, LRP has added attraction. In this episode, Dick describes why and how he has used LRP and Pasture, Range, and Forage insurance products in his family-run commercial cattle operation.

AoR 101: John Nalivka on Reducing Cattle Marketing Risks

Reducing financial risk in ranching requires first identifying and defining those risks. John Nalivka, owner of Sterling Marketing and a well-known expert in beef industry economics, has been consulting with cow-calf producers, feeders, and packers for 35 years. In this episode, John discusses with Tip and Clay Worden global trade trends, cattle pricing predictions, and ranch-level advice on managing market risks, which starts with knowing your own production and performance values.

AoR 97: Livestock Risk Protection insurance, with Jack Field & Clay Worden

What if you could insure calf price against catastrophic price drops? LRP puts a price floor under feeder calves, paying for the difference between an insured calf price and the Chicago Mercantile Exchange feeder cattle index value for a selected marketing date. This episode with Jack Field and Clay Worden continues our series in ranch financial health with a deep dive into LRP mechanics.

AoR 94: Current Cattle Market Risks & Opportunities with Shannon Neibergs and Jack Field

The global nature of agricultural trade and market forces makes cattle price cycles less predictable, and this presents a different kind of risk than historical pricing pressures. But Dr. Shannon Neibergs, director of the Western Center for Risk Management and a livestock economist, believes there are real opportunities to respond to (in winter 2022-23). Listen in to learn about the current milieu. We conclude with Jack Field (CKP Insurance) on how Livestock Risk Protection can help you mitigate market volatility.

AoR 90: Key Performance Indicators to Measure Ranch Financial Health, with Stan Bevers

Key Performance Indicators (KPIs) combine production and financial data into metrics that measure various elements of ranch financial health. Stan Bevers discusses with Tip, James Rogers, Clay Worden, and Jack Field how to accurately calculate KPIs and use them to improve a cow-calf operation.

AoR 89: Ranch Managerial Accounting with Stan Bevers

You need a ranch financial team. Keeping ranch financial records for tax purposes is not the same thing as managing the financial health of a ranch. Stan Bevers has been teaching and consulting on ranch finance for decades with Texas A&M Extension, the King Ranch Institute, and now RanchKPI. This is the first episode in a two-part series with Stan on managerial accounting and key performance indicators (KPIs). In this episode, co-hosted with James Rogers and Clay Worden, we discuss tax accounting v.

AoR 87: Intro to Ranch Finance, Part 2--Jack Southworth, James Rogers, & Clay Worden

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 86: Intro to Ranch Financial Resiliency--Jack Southworth, James Rogers, & Clay Worden

Many ranchers don't do it for the money, but one cannot ranch for long only losing money. In this first episode in a grant-funded series on ranch financial resiliency, Jack Southworth discusses principles and common problems in ranch money management with James Rogers and Clay Worden. Stay tuned for more.

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