Working Ranch Radio Show

Today we cover several topics.  First, the story from Denise Loyning (L-W Cattle Company) is using software that helps them efficiently develop their young bulls.  From tracking feed, both inventory and what is fed, to also health records with their veterinarian.  Then, RMA Administrator Marcia Bunger will join us to talk about a new risk management tool for Cow Calf Producers.  And finally I’ll recap how the Fall Run Calf Market is progressing as we review early October numbers and then Don Day will join us for a look at the long term weather.

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Tim Sheehy is a former Navy Seal turned businessman and rancher that shares his story of what provoked him to start from ground zero with a ranch (Little Belt Cattle Company) in Montana and start raising and selling branded beef products.  We’ll also discuss his concern about protecting and enhancing our food supply chain and why that’s important, his view on Country of Origin Labeling… and I might also mention, he’s running for a US Senate Seat for Montana.

Plus, maintenance plans as you prepare to store your equipment for winter with Aaron Booth of New Holland Parts & Service.

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After a strong summer Cattle Market will it hold through into the Fall Run?  Clint Berry, Marketing Representative for Superior Livestock is back as we assess this past summer's market and what that is telling us as we look ahead to the Fall Run.  What does it look like on the steer market?  On the heifers, will there be high demand or still a sell off?  And what about this bred cattle market?

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You might think that with these record cattle prices you can afford to buy some things or add to your operation.  But, before you do that, you’re going to want to listen through today’s show.  Dallas Mount, with Ranch Management Consultants, is my guest as I’ll have him expand more on his recent Profit Tips Newsletter titled… Don’t Screw Up The Windfall Profits.  We’ll discuss some of the common mistakes that can be made when are not strategic with additional profits.  And... If you’re like me, you don’t want to repeat one or two of those costly decisions you made in the last “up” market.   

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This time of the year brings about the fall work of our cows.  Activities like shipping yearlings, pre-conditioning, weaning, and preg checking… there’s just a lot going on.  So how can we do all this and keep the stress level down in our cattle? Steve Cote is back with us to talk about some of the low stress practices we can do to keep our animals in the right frame of mind.  We’ll start with approaching the corrals with the cattle, how to reduce the pressure they feel at the gate, and one of the biggest stressors… Weaning.  Plus, will get into the proper techniques in effectively using a Bud Box.

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We can breed for efficiency, but that doesn’t make your cows efficient… they can only work with the resources that are available.  Ted Perry, Director of Beef Technical Services with Purina joins us as we discuss the value of a mineral program in the nutrition of our cows that allows them to be efficient with the resources they have; whether that’s their feed, their environment, or their genetics.  Should a mineral program be seasonal or annual and why?  And the three “Abilities” of a mineral, those being Palatability, Bio-Availability, and Weatherability.

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Virtual Fencing... Can it work?  Is it cost effective? Researchers from Oklahoma State University (Dr. Ryan Reuter, Dr. Laura Goodman, & Alayna Gerhardt) join me as we talk about their project in looking at the viability of Virtual Fencing for ranchers.  What are the benefits that it offers and what have been the challenges as this technology emerges.  And will get into the cost benefit analysis of virtual fencing, as we compare it to other forms of controlling animal movement.

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In ranching there are just some things we cannot control.  For example, our markets and weather.  So far, the markets are looking pretty good, but what about the weather for this fall and winter?  Meteorologist Don Day joins us for the entire show as he walks us through his outlook for the next 4-8 months.  We’ll take an overall look at what will be affecting our weather pattern and then we’ll break it down by region across North America. El Nino is looming large ahead of us.  What’s does that mean for our weather outlook between now and next spring?

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Managing a ranch in today’s industry is different that it was for the previous generations... and it continues to change.  So, what are the skills a manager needs on today’s ranch?  Rick Machen with the King Ranch Institute for Ranch Management is my guest as he shares with us three umbrella areas that are critical for Ranch Managers. If you have aspirations of being a ranch manager, either for your family ranch or someone else; your currently in a management position; or an owner, today’s show will provide you with some tremendous insight. 

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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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