in the ranch to fulfi ll these goals.” By analyzing the ranch’s overall
production and return on assets and investment, production goals should be set for weaned calf percentage, pounds weaned per exposed female and weaning weights. Resource goals could include: • reducing the stocking rate (de-
pending on available grass) • reducing the amount of feed
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that’s fed • improving water resources to
better utilize a particular pasture. Financial goals would include a
dollar amount of net income for the operation or per breeding female. Evaluate goals a year after they are set. Were the goals met, exceeded or do the goals remain? Bevers says a formal ranch plan
forces all team members to agree to the past performance of the op- eration and the future direction of the operation. “Each operation will have to decide who develops the plan, whether it is the owner, the manager or an outside party,” he says. “Areas of change are identi- fi ed and how they will be attacked is determined. A ranch plan will put the ranch operation on a path to fulfi lling the goals of the owner.”
Express Portable Corrals • Complete corral system
Beefmaster Chutes • One-man operation • Retractable squeeze arm • Hinged drop bars • Steel floor
Stampede Chutes
• State-of-the-art head catch
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Morgan Livestock Equipment Sales, Inc.
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Owner: Rusty and Julie Morgan Locations in Bowie Tx and Teague TX
Year 5 Limited Warranty 68 The Cattleman March 2013
• One man can set up in minutes
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Estate planning O’Brien concludes that ranch
operations for future owners should be part of the overall plan, even be- fore landowners are entering their senior years. “It’s a tremendous part of a
ranch’s future,” he says. “Estate taxes are part of the long-term plan, whether we like the tax laws or not. “As a ranch owner, if you don’t
plan for estate taxes, don’t man- age for it and want the ranch to remain in production, maybe it’s better for someone new to take over that ranch.”