Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   
   
   

Beef Buzz News


Generational Transfer Happens Whether We're Prepared for it or Not- So Why Not Plan Ahead Now?

Mon, 09 Jul 2018 10:17:37 CDT

Generational Transfer Happens Whether We're Prepared for it or Not- So Why Not Plan Ahead Now? One of the legendary ranches in the Southern Great Plains is the RA Brown Ranch of Throckmorton, Texas. Donnell Brown in a part of the RA Brown Ranch legacy. He spoke to producers recently during the 2018 Texoma Cattlemen’s Conference about how they can ensure the longevity of their operations using the same thought-processes and strategies his family has done successfully for over a century now. He offered a few of those tips in an interview with Radio Oklahoma Ag Network Farm Director Ron Hays.


“Generational transfer happens whether we’re prepared for it or not. So, why not take the time to prepare for it,” Brown said. “That means we have to talk about mortality. We’ve got to realize we’re not going to live forever and so what can we do to set our children up for the best success.”


Personally, Brown says his focus in preparing his children in that way has been through teaching them - teaching them to work, earn, save and invest. And with that, continue to grow and build the business. Brown says this was the same training his parents imparted to him growing up always stressing the importance of “keeping the ranch in the family and the family in the ranch.” A key component to actually succeeding at this requires some wise estate planning, complete with all the necessary tools in place to minimize any financial burdens or implications.


“With the Death Tax or Estate Tax that thankfully our current administration is working hard to get rid of or diminish, you know what we’ve had to live with in the last few years is very challenging to keep a business intact when the Death Tax is nearly 50 percent,” he said. “You have to keep it a viable size to maintain it as a viable economic unit as a business.”


Listen to Brown share more of his advice to Hays about estate planning for a farm or ranch business, on today’s Beef Buzz.


The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.



   



   

Listen to Brown share more of his advice to Hays about estate planning for a farm or ranch business
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Year-to-Date Slaughter Numbers Suggest a Rapid Deceleration in the US Beef Cow Herd Expansion  Wed, 14 Nov 2018 10:11:39 CST
  • Promising Pasture Conditions Spark Green Fever in Cattle Country as Producers Buy Up Stockers  Tue, 13 Nov 2018 10:46:44 CST
  • Animal Rights Activists Stoop to Exploiting Religious Beliefs and Manipulating Data to Further Cause  Mon, 12 Nov 2018 11:38:04 CST
  • Activists Succeed in Passing More Restrictions on Production Ag, Bringing Them Closer to Real Goal  Fri, 09 Nov 2018 11:37:42 CST
  • NCBA Lobbyist Colin Woodall Sees Action in the Lame Duck on the 2018 Farm Bill  Fri, 09 Nov 2018 05:14:18 CST
  • Ag Sec. Sonny Perdue Maintains USDA Authority Over 'Fake Meat,' But Says FDA will Have a Role  Wed, 07 Nov 2018 22:12:23 CST
  • Certified Angus Beef Faces Its Next Big Hurdle- Raising the Bar on Consumer Trust to the Next Level  Tue, 06 Nov 2018 11:30:16 CST
  • Certified Angus Beef's John Stika Says Brand's 40 Years of Success is Amazing, Continues to Grow  Mon, 05 Nov 2018 14:26:36 CST
  • Oklahoma Wheat Pastures Look Promising for Grazing this Winter - Just as Soon as They Dry Out  Fri, 02 Nov 2018 10:50:22 CDT
  • Zombie WOTUS Rises from the Dead in Carolina Court Case- NCBA Fighting to Return It to the Grave  Thu, 01 Nov 2018 10:01:25 CDT
  • USDA Undersecretary Greg Ibach Shares Vision for a National Beef Production Traceability System  Wed, 31 Oct 2018 09:50:35 CDT
  • Beef Demand Situation Looks Good by the Data, But Outside Threats Could Hinder Future Success  Tue, 30 Oct 2018 10:06:56 CDT
  • Consumers Sending Market Clear Message: They Want High-Quality Beef and are Willing to Pay for It  Mon, 29 Oct 2018 10:40:48 CDT
  • NCBA Fights Back on FDA's Challenge of USDA's Authority Over Fake Meat - Calls Industry to Action  Fri, 26 Oct 2018 09:58:16 CDT
  • What's Good for the Goose is Not Necessarily Good for the Gander-RCALF's Bill Bullard on Mandates  Thu, 25 Oct 2018 10:30:38 CDT
  • R-CALF CEO Bill Bullard Sets Record Straight on Group's Alleged Ties to Human Society of the US  Wed, 24 Oct 2018 10:26:14 CDT
  • Be Advised Beef Producers- Consumers Are Now Becoming Increasingly Concerned with Cattle's Diet  Tue, 23 Oct 2018 10:45:50 CDT
  • Consumers Agree Modern Production Yields Quality Beef - It's Animal Welfare That Concerns Them  Mon, 22 Oct 2018 11:36:47 CDT
  • Chief Ag Negotiator Greg Doud Weighs in on the Highly Anticipated Bilateral Trade Talks with the EU  Fri, 19 Oct 2018 10:56:49 CDT
  • Rancher Donnell Brown Believes Five Traits Measured by Genomic EPDs Can Simplify Bull Selection  Thu, 18 Oct 2018 03:57:31 CDT
  • Do You Know What Your Cattle are Really Worth? CAB’s Justin Sexton on the True Value of Quality  Wed, 17 Oct 2018 15:51:10 CDT
  • Cattle Industry Comes Together to Launch Cattle Trace Pilot Project, Now Underway in Kansas  Tue, 16 Oct 2018 10:32:07 CDT
  • Derrell Peel Takes a Close Look at the Big Picture of Oklahoma's Beef Market Opportunities This Fall  Mon, 15 Oct 2018 15:13:00 CDT
  • The Trouble with China - NCBA's Kent Bacus Supports Washington's Game of Hard Ball with Beijing  Fri, 12 Oct 2018 11:12:36 CDT
  • NCBA Calls for Sense of Urgency in Trade Deal Negotiations with Japan as Competition Stiffens  Thu, 11 Oct 2018 10:35:00 CDT
  • US Beef's International Success Boils Down to Two Things: Its Great Taste and Good Trade Deals  Wed, 10 Oct 2018 11:40:43 CDT
  • US Beef Exports Set Another Record in August with No End to the Growing Momentum in Sight  Tue, 09 Oct 2018 10:31:03 CDT
  • Supreme Court Proceeds with Critical Cases to Agriculture Over Weekend, Sans Kavanaugh's Vote  Mon, 08 Oct 2018 10:41:42 CDT
  • From Mama Cow to the Feedlot, Alltech's New Blueprint Nutrition Program Delivers Real Results  Fri, 05 Oct 2018 11:14:46 CDT
  • Janeal Yancey, the 'Mom at the Meat Counter,' Encourages Producers to Get on Consumers' Level  Thu, 04 Oct 2018 10:52:32 CDT
  • A Look at Trump's new NAFTA from a Livestock Perspective with Extension Economist Glynn Tonsor  Wed, 03 Oct 2018 10:36:27 CDT
  • LMA's Livestock Auctioneering Championship Showcases Vocation's Value to the Cattle Industry  Tue, 02 Oct 2018 14:54:40 CDT
  • Ag's Message of 'Do No Harm' Heard by Administration and Implemented in New KORUS Agreement  Mon, 01 Oct 2018 10:36:24 CDT
  • Despite Consumers Growing Concern with Production Practices - Taste, Price, Convenience Still King  Fri, 28 Sep 2018 09:58:18 CDT
  • Big News Arrives this Week as White House Announces US-Japan Bilateral Trade Deal in the Works  Thu, 27 Sep 2018 10:10:41 CDT

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   Jan 18  |   Feb 18  |   Mar 18  |   Apr 18  |   May 18  |   Jun 18  |   Jul 18  |   Aug 18  |   Sep 18  |   Oct 18  |   Nov 18  |   Dec 18
       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.