Dave Pratt’s 2011 Ranching for Profit school begins Dec. 14 in Wray, CO | TSLN.com

Dave Pratt’s 2011 Ranching for Profit school begins Dec. 14 in Wray, CO

Julie Elliott, Rangeland Management Specialist, NRCS, Wray, CO

Do you have land, cattle and equipment, but little or no money in the bank that isn’t already theirs?

Would you like to take your family on a vacation, buy your spouse a nice Christmas present, or get a vehicle with a working heater but just can’t afford it?

Do you worry about how you’re going to make your note, keep shoes on your kids’ feet and pay the fuel bill?

If you said “yes” to any of these questions then you will want to be in Wray, CO, on Dec. 14. Dave Pratt, CEO of the Ranching for Profit school, will provide the knowledge you need to start your way to a more enjoyable and profitable ranching operation. The workshop will run from 9 a.m. to 3 p.m. MST. Lunch will be provided. There is no fee, though reservations are needed by Dec. 7.

Growing up, we learned how to drive tractors and brand calves. No one taught us how to build a cash flow, or read a profit or loss statement, much less structure a business for profit. In fact most ranches are merely a collection of assets and a bunch of jobs. A business is much more than that. Come to this seminar to see what it takes to transform a ranch into a real business and why it is in your best interest to do so. Learn why working on your businesses is the first step in building a sustainable business.

Can you build a livestock business from scratch starting with no land, no livestock, no money and no time? Workshop attendees will do just that. Through the process participants will see what it takes to earn a healthy profit and why most ranches earn a big loss. Did you know there are only three things (“three secrets”) that any business can do to increase profit? Come see why the primary strategy ranchers have historically used to increase profit has back fired.

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Participants will learn how to find their “profit drivers,” their “dead wood,” and determine which of the three secrets for increasing profit applies to them.

Most ranchers have nearly all of their money invested in fixed assets (things they intend to keep) and nothing in working capital (things they mean to sell). This is why the balance sheet may say their business is worth millions but they have very little cash. What little cash the operation generates gets used maintaining the fixed assets. There are two key strategies to deal with this problem.

Lastly, Dave will outline the four things that sustainable businesses do that most of their neighbors don’t.

Call 970-332-3173, Ext. 3 or e-mail julie.elliott@co.usda.gov to make your reservation by Dec. 7. This workshop is sponsored by the Yuma County Conservation District and the Natural Resources Conservation Service.

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