You need a ranch financial team. Keeping ranch financial records for tax purposes is not the same thing as managing the financial health of a ranch. Stan Bevers has been teaching and consulting on ranch finance for decades with Texas A&M Extension, the King Ranch Institute, and now RanchKPI. This is the first episode in a two-part series with Stan on managerial accounting and key performance indicators (KPIs). In this episode, co-hosted with James Rogers and Clay Worden, we discuss tax accounting v. managerial accounting, benchmarking, regional differences in KPI values and expectations, and the relationships among financial stability and environmental sustainability. As Clay says here: "If there's no margin, there's no mission."

TRANSCRIPT available at https://artofrange.com/episodes/aor-89-ranch-managerial-accounting-stan-bevers

RESOURCES MENTIONED IN THIS EPISODE

Stan Bever website, https://www.ranchkpi.com/

King Ranch Institute, Go to https://krirm.tamuk.edu/ to see current learning opportunities.

Northway Ranch Services, individualized administrative and financial help. https://northwayranchservices.com/

Heymer Management Accounting Services. Brenda can be reached at [email protected] or(806) 605-6101.