Oklahoma's Latest Farm
And Ranch News
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Monday, September 30, 2024 | | | |
Ensuring Your Farm’s Future: Phil Nichols Discusses Legacy Planning |
Farm Director KC Sheperd spoke with Phil Nichols of the Black Oak Alliance Group about how farmers and ranchers can secure their legacies for the next generation.
Nichols advised that producers must begin by talking with their families about what they want to happen to their assets after their deaths and admitted that it is often the most difficult step.
“Communication is so critical, but you have to address a lot of things,” he said. “Many folks aren’t working actively in the operation anymore because they have moved on and begun careers in other areas. So that natural succession plan isn’t an option.”
Nichols laughed as he admitted that his group often serves as arbitrators in such situations at times. “We’ve been doing this for more than 30 years, so over the years, we have learned – the hard way sometimes – how to help get people to open up about these topics. They are hard topics.”
With the understanding that no one wants to talk about the end of life, Nichols said that the responsible thing to ensure your legacy for your family is to have those conversations and review them often as things in life change.
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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Ag Network weekdays-
if you missed this morning's Farm News - or you are in an area where you can't hear it- click below for this morning's Farm news from Ron Hays and KC Sheperd on RON.
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Sponsor Spotlight
The Oklahoma Wheat Commission promotes greater use of wheat in domestic and international markets through research, market development and public education.
Our Commissioners develop policy and programs, direct the funding, represent producer interests and, of course, promote Oklahoma wheat!
Learn more about the Oklahoma Wheat Commission by clicking here for their website.
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Podcasts From Oklahoma Farm Report and More | |
Two of our regular reports are also podcasts that you can subscribe to- Our daily Farm and Ranch News with KC Sheperd- available here on the Apple Podcast Platform
The second is our daily Beef Buzz with Ron Hays- available here on the Apple Podcast Platform
Periodically- we offer interviews on our Ag Perspectives Podcast series- this podcast is available here.
Ron has also has a series of podcasts from interviews with newsmakers at the Cattlemen's Congress- Click here or you can find them on your favorite Podcast platform- look for them by searching for Cattlemen's Congress Conversations.
We are making plans to jump back into regular installments of what has been called the Road to Rural Prosperity- a new name and fresh content is in the works- for now- click on the blue button below for one of our favorites that is a timeless classic.
The link below is one of our most recent podcasts- Ron spotlighting the Life and Times of Dr. Kim Anderson, who has just retired from OSU.
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Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Farm Bureau, Oklahoma Ag Mediation Program, Great Plains Kubota, Stillwater Milling Company, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma Wheat Commission, Oklahoma AgCredit, the Oklahoma Cattlemens Association, Invenergy Oklahoma and KIS Futures for their support of our daily Farm News Update.
For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- at NO Charge!
We also appreciate our Market Links Sponsor - OKC West Livestock!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
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God Bless!
Reach Out To Us:
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Tim West
President/General Manager
Rural Oklahoma Networks
405-317-6361
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Mike Henderson
Director of Sales
405-615-4922
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KC Sheperd
Farm Director
Radio Oklahoma Ag Network
405-443-5717
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Ron Hays
Senior Farm/Ranch Broadcaster
Radio Oklahoma Ag Network
405.473.6144
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