As margins continue to tighten in the cattle businesses, it’s critical to analyze each component of the ranch enterprise to identify each enterprise’s profitability. Overall ranch profitability is the sum of various ranch activities and knowing the contribution of each ranch enterprise, whether cow/calf, hay production, heifer development, land, etc., it is essential to determining overall profitability.
Ranchers will have the opportunity to work through a series of exercises to discover production costs of their ranch enterprise through the Ranch Profitability workshop series Jan. 7, Jan. 21 and Feb. 11.
Ranch Profitability workshops will be held at the Glacier County Extension Office, 1210 E. Main, Cut Bank, from 1 – 4 p.m. There is a $15 registration fee that includes all three classes and refreshments. Checks should be made to Glacier County Extension and mailed to 1210 E. Main, Cut Bank, MT 59427 by Jan. 3, 2020.
Through the series, instructors will work with individual participants to isolate and understand how costs and depreciation impact the ranch’s cash flow and balance sheet. Participants should plan to attend all three sessions as each session builds on the previous lessons.
Tris Munsick, of the Plank Stewardship Imitative, will be sharing a combination of academic and real-world knowledge from his experiences on both small land large ranches in the West. Munsick has earned a master’s degree in Applied and Agricultural Economics from the University of Wyoming and a Range Science degree from Montana State University and works extensively with ranchers across Montana and Wyoming.
For more information or to register, please contact the Glacier County Extension Office at (406) 873-2239 or firstname.lastname@example.org.