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The 5-Part Inventory System Every Rancher Should Be Using [episode 88]


header graphic The 5-Part Inventory System Every Rancher Should Be Using [episode 88]

Listen to The 5-Part Inventory System Every Rancher Should Be Using on: Apple Podcasts | Spotify | Your platform of choice  



In this episode, John Haskell sits down with Wally Olson to revisit the classic inventory triangle of money, feed or grass, and livestock, and expand it into a five-part system by adding time and people. Together, they discuss why these two additions matter and how thinking in terms of a full inventory framework can improve flexibility, risk management, and profitability.


From maintaining cash reserves and grass ahead of you to investing in people and managing livestock to build lighter, younger inventory, this conversation offers a practical lens for evaluating your ranch business every day.



In this episode, The 5-Part Inventory System Every Rancher Should Be Using, we cover: 

  • The evolution from the inventory triangle to a five-part system

  • Why time is a limited resource and how turnover impacts cash flow

  • The importance of investing in people and building a strong network

  • Maintaining cash and grass reserves to manage risk

  • Managing livestock age, weight, and value within your inventory framework


Meet Wally Olson:

Wally Olson has spent a lifetime in the livestock business, working every job from hauling hay to managing and owning ranches. A Kansas State University graduate, Wally’s career took a defining turn during his years at the Kelley Ranch in Vinita, Oklahoma, where he learned from legendary stockman Bud Williams and developed a passion for sell/buy marketing. After decades of ranching, teaching, and leasing the Kelley Ranch, Wally now shares his hard-earned knowledge to help others build profitable, sustainable operations.

  

Resources & Links: 


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Related Episodes:

 

More about the Ranchonomics podcast:  

Welcome to Ranchonomics, where we empower you to build a better ranch and transform your operation into a thriving business. This podcast is brought to you by Ranch Right LLC, and together we will look at essential strategies, mindsets, and processes needed to take command of your financials and master the business metrics that make all the difference. If you are ready to start winning at ranching, then you are in the right spot. 


With each episode of Ranchonomics, you will hear inspiring success stories, gain simple yet powerful financial literacy tips, and listen to insightful interviews with industry experts and real-life practitioners. 


Whether you are a seasoned rancher or just starting out, we believe that managing a ranch shouldn't mean drowning in paperwork or missing out on valuable opportunities. Our mission is to help you see the link between your daily ranching operations and your financials that allow you to go from chaos to clarity and achieve your goals. 


Join us as we explore the intersection of ranching and finance, helping you understand your numbers and make informed decisions that propel your business forward. 

Subscribe now and start your path to a more profitable, less stressful ranching experience with Ranchonomics. It's time to harness the full potential of your operation. 

 

Make sure to hit subscribe/follow so you never miss an episode! 

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