In this episode of the Ranchonomics podcast, host John Haskell welcomes guest Wally Olson to discuss a collaborative strategy in the ranching business. Wally explains how putting cattle out with other ranchers can expand one's business without additional overhead costs. He highlights the benefits of different geographical locations and diversifying cattle environments. The conversation covers the importance of understanding regional rules and maintaining honest business relationships. Wally is a firm believer in helping place an old head on young shoulders. Wally teaches cattle marketing schools and loves to help young people get started in ranching. For more information about Wally and to hear his story of ranching and learning visit his website www.olsonranchllc.com In this episode, we cover: The benefits of putting cattle out with other peopleHow vital it is to have aligned values with the ranchers you’re collaborating withThe importance of contracts and being prepared with an exit planThe ideal distribution of risk between all parties Make sure to hit subscribe/follow so you never miss an episode! Find the complete show notes here: https://www.ranchrightllc.com/post/putting-cattle-out-with-other-people-with-wally-olson-episode-2  Connect with Wally: Check out his websiteWally’s Online Marketing Schools Connect with Ranch Right, LLC: Subscribe on YouTube Follow on Instagram @ranchrightllcFollow on FacebookCheck out the website Resources & Links: Book a Free Discovery Call to Learn MoreRanching for Profit Ranching.FYI Wally Olson, Olson Ranch LLC  Mentioned in this episode: Learn more about Ranch Right, LLC Website