Agricultural News
Constantly Control Costs- A Key to Success on Today's Beef Cattle Ranch
Thu, 25 Feb 2010 5:49:55 CST
Dr. Barry Dunn of the King Ranch Institute for Ranch Management joins us for this Beef Buzz, as we talk with him about being successful in today's beef cattle industry. Dr. Dunn was a presenter at the recent Cattle Industry Conference- and we caught up with him there, and we talked with him about some of the tools that help today's full time ranch operator survive and prosper.
Dunn says that probably the number one, two and three things to do are one and the same- constantly control costs. We also talked with him about arbitrage- and how that can increase the pace at which your money will turn and allow you to accept smaller profit margins, and simply turn over your money more times in the course of a year, allowing those small returns to mount up.
We also talked about the future of the cattle business- and how viable it will be for today's beef cow- calf operator that wants to stay in the business.
Dunn is well suited to talk about these issues, as he runs a program that is designed to turn out students with a Masters in Agribusiness and Ranch Management. According to the Institute website, their vision includes the concept of teaching success. "We aspire to be a focal point for the training of graduate students in a unique and multi-disciplinary, systems approach to ranch management. We want to teach our students how to manage ranches, but we also want to teach them how to progressively think their way through to success and innovation for the industry." Click here for their website to learn more about their Masters program and their on-going Certificate Education program.
The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the listen bar below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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