Date of this Version
Range Beef Cow Symposium XXIII, December 3-5, 2013, Rushmore Plaza Civic Center, Rapid City, SD.
Dr. Bob Taylor, while at Colorado State University, often used a simple equation to emphasize the relationship between inputs and outputs on profitability. That equation was: Profit = Income – Costs
The purpose of this panel is to learn from three successful ranch managers, the practices and approaches they have used to manage costs and thereby improve profit in their operations. By working on both increasing income and reducing costs, profitability can grow.