What exactly is Capitalism anyway? Do we have it here in the United States? Dr. Jimmy LaBaume joins me to talk economics, land ownership and ranching.
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Austrian Economics & Absentee Land Ownership Resources:
About Dr Jimmy LaBaume, Land & Livestock International:
First: The Bottom Line. Ranches that have converted from conventional management practices to our method have seen up to four fold increases in rangeland carrying capacity and increases in profits of up to 300%.
Land & Livestock International, Inc. is a leading agribusiness management firm providing a complete line of services to the range livestock industry.
We provide educational, management and consulting services with a focus on ecologically and financially sustainable land management that will enhance natural processes (water and mineral cycles, energy flow and community dynamics) while enhancing profits and steadily building wealth.
Our Approach to Management
We recognize that natural systems function as wholes that are greater than the sum of their parts. Every decision impacts the whole system.
Our approach to land management is a circular and never ending process of planning, implementation, monitoring, controlling, correcting unfavorable variances and re-planning.
It seamlessly integrates grazing, livestock, land and financial planning with financial and biological monitoring, control and re-planning.It views the land, livestock, people and money as one.
Our approach is comprehensive and adaptive, meaning that we take into account changing circumstances such as drought, herd size and seasonal fluctuations in weather.
We use (and will teach you to use) a planning process that was developed over hundreds of years by the militaries of the Western World in situations where critical decisions have to be made quickly and decisively while under stress. This type of planning follows a logical, step-by-step process where each decision is made in a manner that takes full consideration of those made before it.
We will also show you an objective method of setting priorities that ensures you will always, year in and year out, maximize profits, maintain a positive cash flow, avoid debt crises, and continuously build wealth while you improve the land upon which you live and we all depend.
You will learn to create your “ideal plan” then implement that plan incrementally as your financial position allows it with priorities being set in light of your overall strategic goal.
Thanks Jimmy for the excellent interview on Austrian Economics and Absentee Land Ownership.