Your Legacy… it’s what you leave behind when you leave this world.  What’s that going to look like? Will your legacy be muddled with your estate and family in disarray and your children not speaking to each other, or will it be a blessing? Dan Childs, with the Noble Research Institute, is my guest as we go through seven considerations in the succession planning of your ranch or estate. It’s all the ingredients you may want to consider if you want your "Legacy" to be a blessing rather than a curse.

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Today… An update on industry issues that you might want to be in the "know" on. Russell Nemetz with the Western Ag Network joins me to discuss the hot topics that were on the table of the Cattle Industry Summer Business in San Diego.  Among the topics, why the current administration is not accepting the Supreme Court's ruling on the WOTUS.  Also, who's in control of the inspection and regulation of synthesized meat, the push to see reform of the Endangered Species Act, and we’ll end on a high note as we talk about the record prices we are seeing in our cattle markets. If you run cows, own land or both, tune in for an update on issues you need to be aware of.

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The principles that Bud Williams brought to the forefront of our livestock industry have motivated many ranchers to learn and adopt these practices in their own operations.  Today we talk with Steve Cote as we specifically focus on the most important part of getting a herd to move is how they get started.  Plus, will talk through what we can being doing in the winter months to help train cattle to move better, herd quitters, and, how we can make the approach and entry into the corrals happen without losing your marriage.

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Capital Gains Taxes… it’s a subject that is a part of the conversation in ranching families when there is a desire to divest of ranch land.  And if the land is sold outright, it leaves the seller liable for Capital Gains Taxes. This is where Section 1031 of the Internal Revenue Code comes in.  Dal Houston, attorney from Alva, OK is my as we go through the details of using a 1031… but even more than a way to defer capital gains, it can be an Investment Tool. 

Plus, the history and the future of cattle identification with AllFlex’s Austin Woltemath.  

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In our primary education we had report cards.  It was a method that could tell us if we were on track, where we were falling short, and monitored our progress.  The BQA Audit serves in that capacity for our industry as it evolved out of an era over 30 years ago in which consumer demand was in the tank.  So the industry took the bull by the horns (so to speak) and began issuing a BQA Audit every five years. Today we review the results of the latest audit.  From the positives to the areas needing improvements, what is means to us as ranchers, and at the end of the day for the consumer.

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If your ranch struggles with profitability… maybe it’s time to consider the difference between Ranching Principles versus Ranching Practices.  Dallas Mount, Owner of Ranch Management Consultants is my guest as we discuss the danger to the lifespan of your operation when focusing on the “Practices” keeps you from adapting to changes in the industry.  But change can be tough considering our fear of failure.  Principles over Practices.... it’s not necessarily a new idea, but it is revolutionary when a ranch figures it out.

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To become one of the largest horse sales in the west… what does that take?  Jann Parker, manager of the BLS Horse Sale in Billings, MT is my guest as we discuss how they handle the issues that can arise specifically when it comes to selling horses, how do they provide assurance to buyers , what has made BLS an exceptional "Loose Horse Sale Market", what’s hot in the market today, how have they adapted to changes over the years, and what does the future look like in the horse sale business.  

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To fully understand our domestic cattle markets, we need a grasp on the Global Beef Supply. Brett Stuart, with Global AgriTrends, is my guest as we talk world beef supply numbers.  What countries are driving US Beef exports and why Plus, we’ll address why there are beef imports from other countries and some concerns on imports.  Finally, why the long term forecast for global beef supplies sheds a positive light on the future for our cattle prices.

Link:  Global AgriTrends Newsletter Subscription Link

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When you look head-on into the future of your ranch, are your management decision and day to day operations creating a viable multi-generational business, or is it over when you’re done?  Making critical management changes in your operation that moves away from traditional practices can be hard.  Kurt Myllymaki, a rancher and farmer from Stanford, MT joins me today as we talk about how they migrated their operation away from traditional practices they felt were creating too much stress and strain on their land, livestock, and their own quality of life… and in the long run the future of their operation.

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In agriculture our livelihood begins with a drop of rain, and when it doesn’t come, decisions must be made.  As ranchers it’s about stocking rates. So how can we be proactive in our management rather than reactive?  Keith Harmoney, with Kansas State University, joins me today as he discusses the factors we should assess both in coming out of a drought or potentially headed into one.  Plus, a Decision Tree Tool that can be used in providing preemptive management as you make plans when turning out to grass.  Links below.

• Webinar on Decision Making For Grass Turnout

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