88. The 5-Part Inventory System Every Rancher Should Be Using
From Ranchonomics by John Haskell, Ranch Right LLC
March 10, 2026 · 17 min · Episode 88
About this episode
John Haskell and Wally Olson discuss a five-part inventory system for ranchers, emphasizing the importance of time and people in managing resources effectively.
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. Make sure to hit subscribe/follow so you never miss an episode! In this episode, 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 Connect with Wally: Check out his website Connect with Ranch Right: Subscribe on YouTube Follow on Instagram @ranchrightllc Follow on Facebook Check out the website Check out all of…
People in this episode
Host: John Haskell
Guest: Wally Olson
Topics covered
- inventory management
- ranching
- profitability
- risk management
- resource allocation
Keywords
- inventory triangle
- cash reserves
- grass management
- livestock
- risk management
Mentioned in this episode
Organizations: Ranch Right LLC, Olson Ranch LLC
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