Stay In The Black
The top 11 ways NOT to spend your money.
by By Karl Wolfshohl
Progressive Farmer
Fabulous calf prices can make beef herds appear well managed the way a rising stock market creates brilliant investors out of mutual fund owners. But really doing things right never goes out of style, especially when it adds profit.
What is right, though? Decades of state cattle short courses and thousands of magazine articles have explained what you should do. So it might be easier to point out things that are commonly done but have no payback or a negative one. Even experienced cattlemen make mistakes.
Dr. Steve Wikse, a Texas A&M University veterinarian, has noticed money wasted as he and other pros have helped herds in A&M’ s Beef Partnership in Extension Program. He also spotted some management don’ ts when he ran his own private practice in northern California. Here are 11 mistakes that Wikse, forage specialists and animal scientists rank at the top of the list:
