Farm & Ranch
Noble Learning: Who Will Take Over the Ranch?
Planning for your ranch’s succession ensures the legacy you want to leave for your land. Here are seven steps to consider.
By Katie Miller
As Benjamin Franklin famously said, “Nothing is certain except death and taxes.” Most ranchers don’t like to discuss either, but having a ranch succession plan in place can ensure the future of your land and legacy when you’re no longer at the helm. While estate planning is what makes sure your assets are passed on to the desired recipients, succession planning is the road map to transitioning a business to the next generation, according to Dan Childs, Noble Research Institute senior agricultural consultant.
As Jason Bradley, agricultural economics consultant for the institute, notes, succession planning is especially vital to the legacy regenerative ranchers hope to leave.
“I think of the story of the old man who plants trees knowing he will never sit in the shade of those trees,” Bradley says. “Ranchers want to better the land so they can pass on something that they helped rebuild and rejuvenate.”
To read more, pick up a copy of the March issue of NTFR Magazine. To subscribe call 940-872-5922.
By Heather Welper
Husband and wife duo, Heather and Calvin Welper, are the Co-Owners and Operators or Two C Livestock, located in Valley View, Texas.
The pair’s operation has a show cattle focus where they raise and sell purebred heifers of all breeds and club calf Hereford steers.
When it comes to show cattle, the Welpers know a thing or two including how to prepare for the cold winter months and the Texas major show season run.
To read more, pick up a copy of the November edition of North Texas Farm & Ranch magazine, available digitally and in print. To subscribe by mail, call 940-872-5922.
By Hannah Claxton, Editor
As the sun rises each day, so do the dozens of mouths that Meghan McGovern is responsible for getting fed. Rather than the sounds of a rooster crowing, McGovern hears the bellows and bleats of a variety of exotic deer, the chortle of kangaroos, the grunts of water buffaloes, and the chirps of a lemur.
Nestled against the banks of the Red River, the Double M Ranch and Rescue, with its high game fences and deer sprinkling the landscape,s its in stark contrast to the surrounding ranches.
“Having deer is kind of like eating potato chips- you can never actually have just one,” said McGovern with a laugh.
McGovern has several herds to take care of- fallow deer, axis deer, water buffalo, goats, and bison. In smaller numbers, there’s also a few kangaroos, a lemur, a potbelly pig, a pair of zebras, a watusi, and a few horses.
To read more, pick up a copy of the November edition of North Texas Farm & Ranch magazine, available digitally and in print. To subscribe by mail, call 940-872-5922.
By Barry Whitworth, DVM, MPH
With the prolonged drought, most pastures in Oklahoma end up in poor condition. With the lack of available forage, animals may go in search of alternative foods.
If oak trees are in the pastures, acorns may be a favorite meal for some livestock in the fall. This may result in oak poisoning.
Oak leaves, twigs, buds, and acorns may be toxic to some animals when consumed.
To read more, pick up a copy of the November edition of North Texas Farm & Ranch magazine, available digitally and in print. To subscribe by mail, call 940-872-5922.
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