At the recent Western Landowners Alliance Land & Livelihoods conference in Billings, Montana, Burke Teichert shared his thoughts and insights on what he calls the Systems Approach to land and cattle. The rules of thumb and short lists provided by Teichert distill a complex subject and complicated processes down to tangible action items and measurable indicators of performance. All of Teichert’s tools and rules really speak to the larger topic of profitable decision making.
The Upper Colorado River Commission System Conservation Pilot Program (SCPP) will be put on hold after this year. The program has funded 45 fallowing efforts at an average cost of $205 / acre-foot of conserved consumptive use in the first three years. In 2018, ranchers and famers in the upper basin will receive $3.9 million in payments through the program.
Private landowners in Montana now have another option when considering how to integrate hunting into their land management operations and stewardship strategies. The Montana Hunter Advancement Program promotes safe, ethical, and responsible hunting through its focused “Master Hunter” certification program, offered in partnership with forward-thinking private landowners across the state.
At the Western Landowners Alliance Legacy on the Land event, Howard Weiss from the US Trust broke down succession planning and governance to their component parts.Succession planning has many elements. Expressed as a formula, succession planning = farm and ranch management + ownership transition + estate planning.
The Western Landowners Alliance Legacy on the Land event featured presentations regarding private operating foundations as a means of land succession planning. A private operating foundation is a legal entity structure in which the foundation spends 85 percent of the lesser of its adjusted net income or minimum investment return is used directly for its exempt activities.
According to the United States Department of Agriculture census data, the average age of farmers and ranchers exceeded 58 years of age for the first time in 2012. Succession planning is one of the aspects of aging land operators and properties nearing transition.
The historic Finlen Hotel in Butte, which opened in 1924, has sold. The transaction was made possible in part to a $412,000 loan from Butte’s Uptown taxing district, the Urban Revitalization Agency (URA). The URA is a tax-increment financing (TIF) district, which generates funds by property tax dollars from new developments that are then re-invested in private buildings in the area through grants and loans.
Did you know that for nearly a century, San Antonio was the largest city on the western frontier? Or that Texas is the only state to have farm to market roads? Our recent visit to the Witte Museum's Robert J. and Helen C. Kleberg South Texas Heritage Center immersed us in the culture and history of ranching in South Texas.
University extensions in both Idaho and Montana are experimenting with various varieties of berries in an effort to determine which berries, if any, can be grown successfully at a commercial scale in the Intermountain West. Extension research primarily aimed at answering questions of which plant cultivars are going to do well and fit their markets helps landowners potentially increase their likelihood of success.