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Evaluate What-Ifs
How To Manage With Ranch Vision
Good managers prepare for unexpected situations. Over time, you can expect your ranch business to experience price changes, droughts, storms, disease, shortages, inflation, new government regulations, and much more. While you can’t always predict these events, you can prepare for them. By anticipating challenges ahead of time, and making a plan to deal with them, you can reduce losses and even create opportunities for increased profit.
Because Ranch Vision creates an interactive model of your unique ranch business, you can easily and quickly see how such events will impact your business and prepare for an optimal response. All you have to do is consider how an event would impact your ranch inputs, then examine your updated reports.
For example, preview how a drop in cattle prices or an increase in inflation or interest rates would impact your ranch by adjusting the projection of the cattle market, inflation, or interest rates (Forecasts section). Examine how an increase in predator impact would affect a ewe-lamb enterprise by adjusting weaned percentages and numbers weaned. Look at how a pneumonia outbreak would affect your stocker enterprise by making appropriate adjustments to mortality rates, sales weights, and direct costs (i.e. pharmaceutical expenses).You could preview how a trichomoniasis outbreak would impact your cow-calf enterprise by adjusting pregnancy percentages, cull percentages for bulls, etc.
The possibilities are limitless. By identifying how an event could impact your ranch and comparing your reports before and after, you'll be better prepared for the challenges and opportunities you may face in the future. Over time, using Ranch Vision to anticipate changes and challenges will become second nature. The more you manage this way, the more prepared you’ll be as a rancher, and the more profitable and resilient your ranch business will become.
Instead of just looking back at the past, Ranch Vision looks ahead, enabling you to test drive potential management strategies. This managing forward method is invaluable because it allows you to anticipate and avoid mistakes and to capitalize on the opportunities facing your ranch business.
Ranch Vision is a powerful planning and decision-making tool. By using Ranch Vision to analyze your ranch, you can see where the business is going before getting there. Instead of just looking back at the past, Ranch Vision looks ahead to the future, enabling you to test drive potential management strategies. This managing forward method is invaluable because it allows you to avoid mistakes and to capitalize on the opportunities facing your ranch business.