2min chapter

Working Cows - Regenerative Ranching to Maximize Profitability and Soil Health cover image

Ep. 254 – Doug Ferguson – Using Sell/Buy Marketing

Working Cows - Regenerative Ranching to Maximize Profitability and Soil Health

CHAPTER

Sell by Is a Real Time Cash Flow Counting System.

sell by is a real time cash flow reckoning. We look at those relationships right now because that's all we know is just today. And it's probably all of that is probably determined by a calendar. You know, in order for a lot of that to work, you would have had to predict something like COVID with doing a limit to capacity at packing plants. So it was sell by. We're not going to guess anything but that kind of.

00:00
Speaker 2
And it's probably all of that is probably determined by a calendar. Right. I bought this at this sale where they were selling feeder cattle. And I'm
Speaker 1
going to have. And guys look at the board and I can get these cattle. If I buy this way and they gain this, I can get them out in April. And they're figuring all that stuff in there. And to me, it's like, you know, that you're trying to manage a lot of moving parts, that you have absolutely no control of. You know, in order for a lot of that to work, a lot of times you would have had to predict something like COVID with doing a limit to capacity at packing plants. We're not going to guess anything but that kind of. And this is what I like about sell by because it is a real time cash flow reckoning. We look at those relationships right now because that's all we know is just today. We remember the past. We live in the present and the future is unknown. So it was sell by. We're looking at right now. We know our cost. We got a pretty good idea what our cattle way. We got a pretty good idea what they worth and we can make that comparison. Hey, I can sell this kind of cattle. I got it home and I can go to an auction or I can get on a video sale and I can buy these for this price. And you kind of run your numbers and you're like, yep, I can make $50, $75 ahead on that trade. Yep.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode