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Re: Ranching "Rule of Thumb"

Posted: Mon Apr 03, 2017 6:27 am
by lavacarancher
Shortgrass wrote:I like most of them real well, and they articulate some valuable lessons. I would change the take care of the cattle to take care of the land, and it will take care of you, meaning always do what is best for the land, and cash flow will be there, but if you put cash flow ahead of the land, you will likely go broke, and end up teaching is some university!


This reminds me of another one not necessarily related to the original post. "Those that can - do. Those that can't - teach".

Re: Ranching "Rule of Thumb"

Posted: Mon Apr 03, 2017 9:07 pm
by Soapweed
This is probably one of the most important ranching rules of thumb, and it hasn't been mentioned yet:

Pay bills and financial obligations as promptly as possible. Merchants and ranch service providers also have bills to pay, and they are not in business to carry credit for others.

Re: Ranching "Rule of Thumb"

Posted: Mon Apr 03, 2017 10:54 pm
by Faster horses
Has "don't burn the candle at both ends" been mentioned yet?

Re: Ranching "Rule of Thumb"

Posted: Tue Apr 04, 2017 8:01 am
by Denny
Sign the backs of checks not the front.

Re: Ranching "Rule of Thumb"

Posted: Tue Apr 04, 2017 11:14 am
by George
Denny wrote:Sign the backs of checks not the front.


Never heard that but I love it!

Re: Ranching "Rule of Thumb"

Posted: Wed Apr 05, 2017 1:58 pm
by Soapweed
George wrote:
Denny wrote:Sign the backs of checks not the front.


Never heard that but I love it!


This is a good one at first glance, and I am sure Denny means it along the lines of "You can't spend yourself rich." I know Denny, and he is industrious, hard-working, and he gets the most bang for the buck when he spends money. However, one of the problems with America today is there are too many people "signing the backs of checks," in the form of welfare, government subsidies, and so-called "entitlements." No one is "entitled" to anything. We should all work or produce something of value to get a check so that we can "sign the back of it" to receive the payment.

End of rant. I may very well be wrong, but you are all "entitled" to my opinion. :cboy:

Re: Ranching "Rule of Thumb"

Posted: Thu Apr 06, 2017 2:03 pm
by PPRM
"A $15.00/Hour employee to move wheel lines and hot wire is cheaper than a divorce".... Ok, I made that one on the fly about 5 years ago??? I had a friend that wanted his wife to work more on marketing. She was resisting. I asked why he couldn't and he told me, "I have to move hot wire and wheel lines." My response was, "Hiring someone at $15.00 and hour is cheaper than a divorce. Unfortunately, he found out I was right.

Re: Ranching "Rule of Thumb"

Posted: Fri Apr 07, 2017 9:08 am
by mrj
Denny wrote:Sign the backs of checks not the front.



Good 'rule', Denny. But, we do prefer those running for political office to have had at least some experience signing checks on the front!!!!! At least the elder rancher here often makes the comment that some of them have never done that and it hurts those they plan to 'serve'.

mrj

Re: Ranching "Rule of Thumb"

Posted: Sat Apr 08, 2017 12:33 pm
by Mike
Farming/Ranching are the only business entities that buy "Retail" and sell "Wholesale".

Re: Ranching "Rule of Thumb"

Posted: Sat Apr 08, 2017 5:39 pm
by mrj
Mike wrote:Farming/Ranching are the only business entities that buy "Retail" and sell "Wholesale".


I've seen the addition of the phrase "and pay the freight both ways!" to what you wrote, Mike, and believe it is way too close to the truth, all too often.

Most of us need to do better at first improving as much as we can (or can afford to) the quality of our product, documenting it, whether cattle or other crops, and then MARKET it instead of ask what someone will 'give' us for it.

mrj

Re: Ranching "Rule of Thumb"

Posted: Sun Apr 09, 2017 5:08 pm
by Faster horses
Gentle is a pretty color.

Re: Ranching "Rule of Thumb"

Posted: Tue Apr 11, 2017 8:54 am
by Silver
Never approach a bull from the front, a horse from the rear, or an idiot from any direction.