By and large, the ranching industry is intergenerational. If we were to manage things on a one-year, five-year, or ten-year cycle we would quickly go broke, because we would have no water or grass left. In order for ranching to be profitable, you're looking out 50 or 100 years.
You can drought-proof yourself by grass management and water management to an extent, but not totally. To an extent, good management, just by the way it works, takes into account climate variability. I don't know if I'm answering your question, but we need to manage sustainably or we can't do it.