by Kit Pharo | May 15, 2024 | PCC™ Update, Quote Worth Re-Quoting
In commodity agriculture, average is breakeven at best. Below average producers are losing money. The only way they can stay in business is to subsidize the farm or ranch with outside income. At that point, the business becomes a hobby. Above average producers, on the...
by Bobby Thoman | May 8, 2024 | PCC™ Update, Quote Worth Re-Quoting
Sam Altman had a good piece of advice in the Farnam Street blog this week: “I think one thing that is a really important thing to strive for is being internally driven, being driven to compete with yourself, not with other people. If you compete with other people, you...
by Kit Pharo | Apr 17, 2024 | PCC™ Update, Quote Worth Re-Quoting
No matter what business you’re in, having a competitive advantage is a good thing. It is often the difference between mere survival and amazing success. There’s no reason you cannot have a competitive advantage – if you want one. Who wouldn’t want one? There are three...
by Kit Pharo | Apr 10, 2024 | PCC™ Update, Quote Worth Re-Quoting
Make Ranching Great Again The business of ranching can be much better than many people have been led to believe – but only for those who are not being restrained by outdated traditions and paradigms. We believe the sky is the limit for those who have enough courage to...
by Kit Pharo | Mar 20, 2024 | PCC™ Update, Quote Worth Re-Quoting
I do not understand how so many intelligent people in the beef industry can continue to overlook the obvious. Perhaps, instead of overlooking the obvious, they are ignoring the obvious. Perhaps they are ignoring the obvious because the obvious is not a popular...
by Kit Pharo | Mar 13, 2024 | PCC™ Update, Quote Worth Re-Quoting
New census data released by the USDA in February provides reason for concern. The number of farms operating in the US and the number of farm acres have both fallen significantly. There were 141,733 fewer farms in 2022 than in 2017. The number of farm acres was reduced...
