Ranches for Sale in Colorado: Key Areas to Focus on for Profitability
How will you make your ranch profitable? That’s one of the most intimidating challenges that you might face when you’re planning to invest in a promising Colorado ranch for sale. While there is a high demand for beef and other cow products in the state and in other places where you can export, you would still need to employ systematic management of your property and efficient production to have high-quality products to sell in the first place.
You will already have an advantage when the land you buy is large enough for a big herd and has facilities that will make raising cattle easier; however, even if you have a property that’s smaller than other producers, you can still maximize your resources and keep your overhead in check to generate healthy revenue. Make sure you employ only enough employees to help you run the ranch to further lower your expenditure (some ranchers may even assign 800 to 1,200 cows per worker and still thrive).
Aside from these considerations while looking for a property and building your business, here are some areas of ranch management that you need to focus on to improve the chances of your business to become profitable:
Sustaining and Growing Your Herd
The health of your herd is typically measured by how long they are productive or how well they reproduce. You need to ensure that the conditions in your land are optimal for the animals to take shelter, breed, and feed sufficiently for their well-being, which brings you to…
Managing Your Pasture for Grazing
Your pasture will be the main source of nutrition for your herd, so you have to maintain the quality of the soil and the crops. Fertilize your soil, plant high-quality grasses, design a systematic irrigation system, and consider planting companion crops (if you’re grazing with alfalfa, for instance) to control weed.
Protecting Your Herd and Crops from Wildlife
If your cattle farm is adjacent to lands with wildlife, don’t ignore the risks of animals preying on your herd or sharing your prized grazing pastures. Consider fencing, hunting leases, and other methods to protect your herd.
Aside from helping you in your search for the perfect property, brokers marketing ranches for sale in Colorado, such as Mirr Ranch Group, can also offer their expertise on ranch management and marketing. Take advantage of these consultation services to reap more profits from your investment.
9 ranch management concepts to improve your ranch, BEEF
Seven Keys To Ranch Profitability, BEEF
Why Consider Wildlife In Your Ranch Management Plans?, BEEF
Grazing Series Part 3: Questions to ask before planting cover crops, alfalfa & perennial grasses on irrigated pastures, BEEF