In today’s episode, host John Haskell welcomes back Wally Olson to talk all about market sales and effective selling and buying strategies in the cattle industry. We are discussing the importance of focusing on forward-looking relationships rather than past prices and how using simple math allows you to analyze costs and returns. Wally is also sharing insights into managing inventories, understanding intrinsic values, tax strategies, and strategic approaches for maximizing your profitability. In this episode, we cover: Market relationships and the importance of forward-looking relationshipsTrusting the math when it comes to selling and buyingEffective tax strategies that can benefit you and your businessCalculating the intrinsic value of cowsMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/market-sales-with-wally-olson-episode-20 Connect with Wally:Check out his websiteWally’s Upcoming SchoolsConnect with Ranch Right, LLC: Subscribe on YouTubeFollow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteResources & Links: Book a Free Discovery Call to Learn MoreRanching for ProfitRanching.FYIWally Olson, Olson Ranch LLCMentioned in this episode:Learn more about Ranch Right, LLCWebsite

In this episode of the Ranchonomics podcast, host John Haskell is joined by high-performance leadership expert Bob Palmer. Bob brings a wealth of experience from his work with athletes and business leaders, and is sharing his knowledge on how mental and physical strategies can transform performance not only in sports but in everyday life. We are discussing the Zone Rancher course, what the zone is and how to sustain it, tools for consistent growth, and the importance of high performance in business and in personal life.In this episode, we cover: Understanding the mental game in high performanceWhat the zone is and how to sustain itTools for Consistent PerformanceThe importance of high performanceFamily and couples dynamics in leadershipMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/why-you-want-to-be-in-the-zone-with-bob-palmer-episode-19 Connect with Bob:Check out his websiteFollow him on InstagramCheck out the Zone Rancher CourseEmail him at [email protected] with Ranch Right, LLC: Subscribe on YouTubeFollow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteResources & Links: Book a Free Discovery Call to Learn MoreRanching for ProfitRanching.FYIWally Olson, Olson Ranch LLCMentioned in this episode:Zone Rancher Course

In this episode, host John Haskell reconnects with Wally Olson to discuss the differences between how ranch owners and ranch managers think. Wally is providing valuable insight into these unique dynamics through his personal experience as a ranch manager and as a ranch lessee. We discuss the importance of resource management for the benefit of all stakeholders and how effective management is essential for ensuring a successful and sustainable business. We also dive into the differences in motivations and long-term goals between owners and managers, why preparedness is crucial in ranching, and the constraints of owning a ranch.In this episode, we cover: The owner’s versus the manager’s perspectivesRisk tolerance and motivation The differences between managing a ranch and leasing and operating your own ranchHow owning a ranch can add constraintsMake sure to hit subscribe/follow so you never miss an episode!Connect with Wally:Check out his websiteWally’s Upcoming SchoolsConnect with Ranch Right, LLC: Subscribe on YouTubeFollow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteResources & Links: Book a Free Discovery Call to Learn MoreRanching for ProfitRanching.FYIWally Olson, Olson Ranch LLCMentioned in this episode:Learn more about Ranch Right, LLCWebsite

In today’s episode, host John Haskell is joined by Jordan Steele to discuss the importance of annual tax planning for those in the farming and ranching industry. Jordan shares the importance of maintaining accurate records throughout the year and potential tax liabilities that come with running a profitable business. Jordan also offers valuable insight into various factors that should be considered in tax planning, including what has already occurred in terms of income and expenses, what is projected for the remainder of the year, and potential strategies to manage tax obligations.In this episode, we cover: Using the remainder of the year to prepare and plan for taxesStrategies for managing tax liabilitiesAn overview of capital purchases, depreciation, and tax strategiesWhy you should fill the bottom tax brackets every yearMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/annual-tax-planning-with-jordan-steele-episode-17 Connect with Jordan:Email him at [email protected] for ProfitConnect with Ranch Right, LLC: Subscribe on YouTubeFollow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteResources & Links: Book a Free Discovery Call to Learn More Ranching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC Mentioned in this episode:Learn more about Ranch Right, LLCWebsite

In this episode of the Ranchonomics podcast, host John Haskell welcomes guest Dallas Mount, to discuss the value of continuing education within the ranching industry. John and Dallas explore why even during financially challenging times, investing in education is crucial for the growth and sustainability of your ranching business. In this episode, we cover: That meaningful professional development usually requires stepping away from the daily operations to gain new perspectives and knowledgeInvesting in your education should be a part of your annual business plan and budgeted for accordingly Common reservations and fears about investing in educationViewing continuing education not as an expense, but as an investment with long-term returnsMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/value-of-continuing-education-with-dallas-mount-episode-16 Connect with Dallas: Follow on Facebook  Connect with on LinkedIn Follow on Instagram Website: http://ranchmanagement.com Connect with Ranch Right, LLC: Subscribe on YouTube Follow on Instagram @ranchrightllc Follow on Facebook Check out the website Related Episodes: Episode 4: Applying Sell Buy Marketing in Sheep with Aaron Helmick Resources & Links: Book a Free Discovery Call to Learn More Ranching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC Mentioned in this episode:Learn more about Ranch Right, LLCWebsite

In this episode of the Ranchonomics podcast, host John Haskell has on guest Aaron Reese of Provident Meat Company in Fillmore, Utah to visit about his meat processing business. Aaron shares his journey of starting a meat processing plant during the pandemic and the challenges faced, specifically navigating government regulations. The discussion emphasizes the importance of effective communication between ranchers and processors, understanding beef grading, and managing expectations. In this episode, we cover: Overview of the meat processing business and its complexitiesChallenges faced by smaller meat processors in a competitive industryImportance of understanding beef grading and quality standardsNavigating custom cuts and managing customer expectationsThe significance of building strong relationships between ranchers and processorsMake sure to hit subscribe/follow so you never miss an episode! Connect with Aaron:Check out their websiteFollow on Instagram @providentmeatcompanyFollow on FacebookConnect with Ranch Right, LLC: Subscribe on YouTubeFollow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteResources & Links: Book a Free Discovery Call to Learn MoreRanching for ProfitRanching.FYIWally Olson, Olson Ranch LLCMentioned in this episode:Learn more about Ranch Right, LLCWebsite

Today’s episode is part two of a two-part series about market timing. Host John Haskell sits down with guest Bob Metzger to talk about expected returns and market risks to borrowing strategies and tax advantages. Bob shares valuable insights on cattle market dynamics, the importance of long-term investment strategies, and the critical need for continuous learning in the livestock business. Bob Metzger is an Ag Econ graduate from Oklahoma State. He was formerly Vice President of Investments with A.G. Edwards, the fifth largest brokerage firm nationwide. Bob managed client assets of 180 million using stocks, bonds, mutual funds, and ETFs. Currently, Bob has a ranch in Hugo, Oklahoma and grazes cattle in various locations. He is a devotee of Bud Williams’ marketing and stockmanship.Make sure to catch episode 13 which was Part 1 of this two-part series.In this episode, we cover: The economics of equity investing versus livestock investmentsAdvantages of attending marketing schools and gaining practical skillsThe myth of modern financial strugglesTimeless advice to control what you can and ignore the noiseMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/market-timing-with-bob-metzger-part-2-episode-14 Connect with Ranch Right, LLC: Subscribe on YouTubeFollow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteResources & Links: Book a Free Discovery Call to Learn MoreRanching for ProfitRanching.FYIWally Olson, Olson Ranch LLCMentioned in this episode:Learn more about Ranch Right, LLCWebsite

Today’s episode is part one of a two-part series about market timing. Host John Haskell sits down with guest Bob Metzger to talk about market valuation, timing, and investment strategies in both the stock and cattle markets. Bob underscores the importance of staying invested, leveraging consistent reinvestment strategies, and the power of compound growth. Bob Metzger is an Ag Econ graduate from Oklahoma State. He was formerly Vice President of Investments with A.G. Edwards, the fifth largest brokerage firm nationwide. Bob managed client assets of 180 million using stocks, bonds, mutual funds, and ETFs. Currently, Bob has a ranch in Hugo, Oklahoma and grazes cattle in various locations. He is a devotee of Bud Williams’ marketing and stockmanship. Tune in to learn about effective market risk management and how a disciplined investment approach can yield substantial long-term benefits.In this episode, we cover:Common mistakes in market timingInfluence of emotions (fear and greed) on market valuations and how staying invested can help mitigate emotional decision-making Some examples and stories of the cost of poor market timing and long-term financial lossImportance of long-term investment in cattle to manage market fluctuationsConnect with Ranch Right, LLC:Subscribe on YouTubeFollow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/market-timing-with-bob-metzger-part-1-episode-13 Resources & Links:Book a Free Discovery Call to Learn MoreRanching for ProfitRanching.FYIWally Olson, Olson Ranch LLCMentioned in this episode:Learn more about Ranch Right, LLCWebsite

In today’s episode, host John Haskell sits down with Dallas Mount to discuss their collaborative efforts in turning ranching operations into profitable businesses. The discussion dives deep into the importance of both education and implementation, the evolving landscape of regenerative agriculture, and the complementary roles Ranch Right and Ranching for Profit play in equipping ranchers for success.Dallas is the owner of Ranch Management Consultants (RMC), home of the Ranching for Profit School and the Executive Link program. In this episode, we cover:Explanation of what each of our organizations do and how they complement each otherHow we have similar missions but are serving the customer in different waysHow Ranching for Profit teaches the foundational principles and Ranch Right aids in implementing said principlesThe power of healthy disagreements and the positive impacts of competitionMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/ranch-right-ranching-for-profit-are-partners-with-dallas-mount-episode-12 Connect with Ranch Right, LLC:Subscribe on YouTubeFollow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteConnect with Dallas:Follow on FacebookConnect with on LinkedInFollow on InstagramWebsite: http://ranchmanagement.comResources & Links:Sam Walton: Made in America bookBook a Free Discovery Call to Learn MoreRanching for ProfitRanching.FYIWally Olson, Olson Ranch LLCMentioned in this episode:Learn more about Ranch Right, LLCWebsite

In today’s special bonus episode, Cinnamon Lenhart is on the show to introduce an exciting upcoming event happening for Ranching.FYI. Cinnamon shares her background as a fifth-generation rancher and her involvement in creating Ranching.FYI. Ranching.FYI’s mission is to help ranchers make better decisions faster and one way they’re doing that is with the upcoming Strategic Ranch Simulation event. This event is designed to help ranchers implement effective, real-world decision-making strategies. You’ll run scenarios and practice in a way that is realistic, so that you can feel prepared to make difficult decisions in our fast-paced industry. This particular event is focused on changes in the cattle market and is happening in Gillette, WY on October 28-30, 2024. Join the Strategic Ranch Simulation by clicking HERE Learn more HERE Email us as [email protected] 

In today’s episode, host John Haskell talks with Kyle and Kristin Marshall, ranchers from Burwell, Nebraska, about their recovery from a devastating wildfire 18 months prior. The fire, which began as a controlled burn on a neighbor's property, spread uncontrollably, destroying significant portions of their ranch. The Marshalls discuss the emotional and financial impacts, their recovery process, and navigating insurance claims and federal assistance. They emphasize the importance of documentation, advocating for yourself, and community support, as they share lessons learned and their journey of rebuilding, resilience, and finding hope after fire.In this episode, we cover:The Marshall family’s experience following a devastating wildfireThe losses they incurred and the challenges they faced in navigating insurance claims and federal assistanceAdvice for others who are faced with this challenge and practical tips to get through itTheir reflections of the journey and how both the good and the bad parts taught them lessons and ultimately gave them hope for the futureMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/hope-after-fire-with-kyle-kristin-marshall-episode-11 Connect with Ranch Right, LLC:Subscribe on YouTubeFollow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteConnect with the Marshalls:Follow on FacebookConnect with on LinkedInResources & Links:Book a Free Discovery Call to Learn MoreRanching for ProfitRanching.FYIWally Olson, Olson Ranch LLCMentioned in this episode:Learn more about Ranch Right, LLCWebsite

Today’s special guest is Walter Lynn and we’re talking all about building working capital and the importance of our approach to it right now. Walter explains the significance of understanding the dollar amount of working capital, maintaining liquidity, and setting appropriate targets. The conversation also covers strategies for improving working capital and navigating market cycles, providing practical advice for ranchers to manage their financial health effectively.Walter Lynn has a decades-long portfolio of experience working with NGOs, businesses and industry leaders involved in all facets of production agriculture, agribusiness and conservation. He currently serves as a board member and was past chair of Holistic Management International. He had a niche CPA firm that worked with Ag producers in approximately 15 states with an awesome team from Springfield, Illinois.In this episode, we cover:What exactly working capital is and the basic components of it How to improve working capital and how it changes The significance of understanding liquidity and its impact on financial healthMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/building-working-capital-with-walter-lynn-episode-10 Connect with Ranch Right, LLC:Subscribe on YouTube Follow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteConnect with Walter:Follow on X/Twitter @bovineacctResources & Links:Book a Free Discovery Call to Learn MoreRanching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC Mentioned in this episode:Learn more about Ranch Right, LLCWebsite

In this episode of the Ranchonomics podcast, we welcome guest Wally Olson to discuss working with cattle buyers. Something we hear often is how challenging it can be to work with cattle buyers; but they’re an important part of the business so today we’re sharing some advice on how to work better with cattle buyers. We’re also diving into various selling strategies and options, building strong relationships, and transparent communication. Wally Olson is a firm believer in helping place an old head on young shoulders. Wally teaches cattle marketing schools and loves to help young people get started in ranching. For more information about Wally and to hear his story of ranching and learning visit his website www.olsonranchllc.comIn this episode, we cover:Advice on how to work better with cattle buyersVarious selling strategies and options such as local sale barns, video auctions, and selling privatelyThe power of communicating up front about expectations, and differences in culture and regionsWhat the concept of one degree of separation isUtilizing these professionals – their time, expertise, equipment – to grow your businessMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/working-with-cattle-buyers-with-wally-olson-episode-9 Connect with Ranch Right, LLC:Subscribe on YouTube Follow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteConnect with Wally:Check out his websiteWally’s Online Marketing SchoolsResources & Links:Book a Free Discovery Call to Learn MoreRanching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC Mentioned in this episode:Learn more about Ranch Right, LLCWebsite

On today’s episode, we welcome special guest, Marlene Moore onto the show to talk all about applying the principles of sell/buy in a seasonal operation. She shares insights on cattle management, marketing strategies, and financial sustainability. Marlene emphasizes the importance of continuous education, effective cash management, and regenerative practices. Her innovative approach showcases a great example of a successful and sustainable ranching operation.Marlene and her husband, Dwight Maseberg, own and operate Shamrock Ranches near Wallace, Nebraska. Shamrock Ranches has been in Moore's family since 1949 and Marlene took over in 1982.In this episode, we cover:Her background and influences in ranchingHer insights on cattle management, marketing strategies, and financial sustainabilityJust how valuable and necessary rest is How Marlene is in the business of adding value to the animalsHow vital it is to understand ourselves and our assetsMake sure to hit subscribe/follow so you never miss an episode! Find the complete show notes here: https://www.ranchrightllc.com/post/applying-sell-buy-principles-in-a-seasonal-operation-with-marlene-moore-episode-8 Connect with Ranch Right, LLC:Subscribe on YouTube Follow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteResources & Links:Book a Free Discovery Call to Learn MoreRanching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC Mentioned in this episode:Learn more about Ranch Right, LLCWebsite

In today’s episode, we welcome guest Wally Olson back onto the show to talk about sell buy market. In this conversation, we’re particularly focusing on cow-calf operations and seasonal grazing. We discuss how ranchers can optimize profitability by strategically managing cattle sales and purchases, considering factors like calving dates, market conditions, and the timing of sales. This episode offers practical strategies to help you as a rancher navigate the complexities of the cattle market effectively. Wally is a firm believer in helping place an old head on young shoulders. Wally teaches cattle marketing schools and loves to help young people get started in ranching. For more information about Wally and to hear his story of ranching and learning visit his website www.olsonranchllc.comIn this episode, we cover:What to consider with this strategy when it comes to income tax implications The sell buy strategy doesn’t require any set of specific actions or a certain type of operationJohn’s take that sell buy is more of a philosophy than a techniqueMarket dynamics and seasonal demand fluctuationsMake sure to hit subscribe/follow so you never miss an episode! Find the complete show notes here: https://www.ranchrightllc.com/post/sell-buy-market-with-wally-olson-episode-7 Connect with Wally:Check out his websiteWally’s Online Marketing SchoolsConnect with Ranch Right, LLC:Subscribe on YouTube Follow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteResources & Links:Book a Free Discovery Call to Learn MoreRanching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC Mentioned in this episode:Learn more about Ranch Right, LLCWebsite

On today’s episode, we have Rusty and Bud Williamson, co-owners of Williamson Land & Cattle, on the show to share their thoughts on the sentiment that the cattle market is high. The conversation highlights the complexities and nuances of the cattle market and how you can’t just simply say it’s high, because it depends on so many factors and angles. Overall, you need to know your goals and the financials of your individual operation in order to make good decisions.In this episode, we cover:Implications of selling cattle at high prices and Importance of understanding replacement costs for cattleFinancial considerations for ranchers when selling cattleDepreciation of cattle and its impact on financial decisionsTiming of cattle sales and its effect on profitabilityLong-term strategy in ranch managementOpportunities for ranchers in the current marketImportance of proactive financial analysis and decision-making in ranch operationsMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/the-cattle-market-is-high-with-bud-and-rusty-williamson-episode-6 Connect with Bud & Rusty:Check out their websiteFollow them on FacebookFollow them on Instagram Connect with Ranch Right, LLC:Subscribe on YouTube Follow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteRelated Episodes: Episode 5: Marketing Breeding Stock with Bud and Rusty WilliamsonResources & Links:Book a Free Discovery Call to Learn More about Ranch RightRanching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC Mentioned in this episode:Learn more about Ranch Right, LLCWebsite

On today’s episode, we have Rusty and Bud Williamson, co-owners of Williamson Land & Cattle, on the show to talk all about marketing breeding stock. They discuss their transition from a traditional family ranch to a successful business in marketing breeding stock. The Williamsons share insights on overcoming challenges, the importance of effective marketing in the cattle industry, and strategies for maximizing profits. They emphasize understanding market demands, maintaining accurate data, and building strong customer relationships.This episode will leave you with an understanding of how critical a well-structured marketing plan is in achieving long-term success in your business.In this episode, we cover:Their journey from a traditional family ranch to a successful business in marketing breeding stockChallenges faced in existing marketing systems and the decision to explore direct marketing optionsIdeal customer profiles and the significance of accurate data for cattle salesOverview of their marketing process How building relationships through transparency and communication has served their business The value of marketing in our industry and encouragement for ranchers to prioritize marketing as a key component of their business strategyMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/marketing-breeding-stock-with-bud-and-rusty-williamson-episode-5 Connect with Bud & Rusty:Check out their websiteConnect with Ranch Right, LLC:Subscribe on YouTube Follow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteResources & Links:Book a Free Discovery Call to Learn More about Ranch RightRanching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC Mentioned in this episode:Learn more about Ranch Right, LLCWebsite

In this episode of the Ranchonomics podcast, host John Haskell welcomes guest Aaron Helmick to talk all about sell buy marketing in sheep. They discuss how Aaron uses this strategy to optimize cash flow and profitability in his sheep and cattle operations. Aaron shares his journey into sell by marketing, the importance of building relationships with buyers and sellers, and the challenges of market fluctuations.In this episode, we cover:How Aaron uses this strategy to optimize cash flow and profitability in his sheep and cattle operationsThe sheep bell curve and how it compares to the cow bell curveThe importance of factoring in your desired lifestyle as you make strategic decisions in your operationAdopting sell-buy as a philosophy to apply in all aspects of lifeMake sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/applying-sell-buy-marketing-in-sheep-with-aaron-helmick-episode-4 Connect with Aaron:Follow on FacebookConnect with Ranch Right, LLC:Subscribe on YouTube Follow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteSome of the links mentioned are affiliate links, which helps to support this podcast at no additional cost to you. Resources & Links:Who Not How Book10x is Easier than 2x BookExtreme Ownership BookBook a Free Discovery Call to Learn MoreRanching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC Mentioned in this episode:Learn more about Ranch Right, LLCWebsite

In today’s episode, we welcome guest Wally Olson to the show to talk about cow depreciation and longevity. Wally argues that the traditional approach to cow depreciation is flawed and emphasizes the importance of tracking inventory value to improve profitability. He challenges the notion that cows cannot pay for themselves until they are eight years old and highlights the significance of capturing the appreciation of female cattle. The conversation covers the financial implications of cow-calf operations, the importance of reproductive efficiency, and strategic management of inventory value to build wealth in the ranching business. Wally is a firm believer in helping place an old head on young shoulders. Wally teaches cattle marketing schools and loves to help young people get started in ranching. For more information about Wally and to hear his story of ranching and learning visit his website www.olsonranchllc.comIn this episode, we cover:The importance of tracking inventory value for profitability Misconceptions about profitability of older cows The value of focusing on reproductive efficiency and profitability The Importance of heifer development and reproductive success Make sure to hit subscribe/follow so you never miss an episode!Find the complete show notes here: https://www.ranchrightllc.com/post/cow-depreciation-and-cow-longevity-with-wally-olson-episode-3 Connect with Wally:Check out his websiteWally’s Online Marketing SchoolsConnect with Ranch Right, LLC:Subscribe on YouTube Follow on Instagram @ranchrightllcFollow on FacebookCheck out the websiteResources & Links:His Cavvy Foundation  Book a Free Discovery Call to Learn MoreRanching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC Mentioned in this episode:Learn more about Ranch Right, LLCWebsite