Welcome to this week’s Intangible Balance Sheet Episode. Jay Wolf the President and General Manager of The Wagonhammer Ranch in the Nebraska Sandhills joins us to share the story of a now four generation enterprise. Listen in as Jay tells the story of how a modest livestock trading business grew with time, grit, innovation and providence! This is a truly remarkable family story and one that revolves around a dream that was always supported by honesty, integrity, and hard work. 

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Show Notes

  

• Josh introduces the concept of the "intangible balance sheet" and explains that it represents the experiences, stories, and legacy that are invaluable and irreplaceable in life.They discuss Jay's background as a third-generation rancher and his deep connection to the cattle operation in Nebraska. 
• Jay shares the story of his German-Jewish grandfather and great uncle immigrating to the United States in the late 1800s and settling in rural Nebraska. 
• They talk about the challenges faced during the drought and economic hardships of the 1930s, highlighting the perseverance, ingenuity, and contrarian mindset that allowed Jay's family to thrive in the ranching industry.
• Jay discusses his personal decision to return to Nebraska and continue the family's ranching legacy, expressing his passion and dedication to the industry.
• Josh asks about lessons learned from market cycles, and Jay emphasizes the importance of maintaining equity, seeking opportunities during economic stress, and diversifying investments beyond agriculture.
• They briefly mention Paul Oxford, a successful rancher and barber, whose wisdom and life lessons left a lasting impact.
• Jay shares his perspective on the future of the ranching and agricultural industry, emphasizing the resilience of the United States, the value of hard work, education, and moral values, and the need to address critical issues while appreciating the opportunities available.
  
  

Music by bensound.com