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 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.
By: Tony Dean
There are a handful of grasses on North Texas grazing lands ranchers need to know, not because they are highly desirable, but rather because they are not of much value. I call them “decom” plants, which is am acronym for “Don’t Ever Count On Me.” Silver bluestem is a “decom” grass.
Silver bluestem is a perennial which grows in all areas of Texas. It can survive in almost all soil types, and in full sun conditions or in semi shade. It grows up to three feet tall and is easily recognized with the presence of the white fuzzy seed head. Also, one of the identifying characteristics of Silver bluestem is a bend in the stems at each node, causing the plants to take on a rounded shape as they mature.
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: Rayford Pullen
Fall is here which means winter is closing in on us and before we officially get into winter, we need to make sure our factories are either producing or will be producing in a few months.
We have been pregnancy testing our cows this fall and if they are not bred or nursing a calf, we are bidding them adios. With annual costs somewhere between $900.00 and $1,000.00 per cow, those cows not producing a live weaned calf are costing us quite a bit.
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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