In today’s episode, host John Haskell welcomes Micayla Giffin, a new member of the Ranch Right team, to the Ranchonomics podcast to discuss the importance of financial literacy in agriculture. Her unique skill set combining finance and farming knowledge and her experience in communicating financial concepts to farmers make her the perfect addition to our team and this conversation. Micayla shares her experience with data visualization, using metrics like term debt coverage and working capital to make informed decisions instead of emotional ones. They also discuss the challenges of buying land and the importance of understanding debt and compound growth for long-term success.

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In this episode, we cover:

• Making financial decisions based on facts and numbers, not just emotions
• Visualizing your data and the foundation of financial literacy
• Understanding the risk of taking on debt
• Short-term versus long-term financial planning

Connect with Micayla:

• Send an email at micayla@ranchrightllc.com
• Follow on Instagram @micaylagiffin
• Follow on Facebook @micayla.giffin and @GiffinFarms
• Subscribe to YouTube @GiffinFarms

Connect with Ranch Right:

• Subscribe on YouTube
• Follow on Instagram @ranchrightllc
• Follow on Facebook
• Check out the website

Related Episodes:

• Episode 46. Cow Marketing Strategies with Logan Pribbeno
• Episode 47. Impacts of Drought on the Cattle Cycle and the Time We Got It Wrong with Logan Pribbeno

Resources & Links:

• Visualizing Data | Introducing Ranch Right Client Dashboard Webinar
• Book a Free Discovery Call to Learn More
• Ranching for Profit
• Ranching.FYI
• Wally Olson, Olson Ranch LLC

Mentioned in this episode:

Helping ranchers to make better decisions faster. Check out our friends at Ranching.FYI by clicking the link below.

Ranching.FYI