Adele Schott discusses her journey of returning to the family ranch and the challenges of succession. She shares her experiences of leaving the ranch to gain worldly knowledge and skills, working in restaurants, and cowboy-ing on different ranches. Adele explains how her experiences off the ranch influenced her approach to ranching and the changes she brought back, such as a focus on food and selling beef to restaurants. She also talks about the accidental shift to raising Corriente cattle and the challenges and emotions involved in succession planning. In this conversation, Adele Schott shares her experience of transitioning the family ranch to the next generation. She emphasizes the importance of humility, adaptability, and open communication in the process. Adele and her brother have found their own unique roles on the ranch, with Adele focusing on managing livestock and her brother focusing on wildlife conservation and agritourism. They work together to improve the land and honor their family's legacy. Adele advises the next generation to stay humble, be flexible, and share knowledge with each other. ranching, succession, agriculture, women in agriculture, ranch life, leaving and returning, worldly knowledge, skills, restaurants, Corriente beef, family business, emotional challenges, compromise, moving forward, family ranch, transition, humility, adaptability, communication, roles, wildlife conservation, agritourism, legacy
Takeaways
Leaving the family ranch to gain worldly knowledge and skills can provide valuable experiences and perspectives.
Succession planning involves both technical and emotional challenges, and open communication is key.
Bringing new ideas and changes to a multi-generational family business requires compromise and understanding.
Accidental opportunities can lead to unexpected shifts in the business, such as the focus on selling Corriente beef.
Moving forward through challenges and emotions is essential for the growth and sustainability of the family ranch. Transitioning a family ranch requires humility, adaptability, and open communication.
Each generation brings their own unique perspective and skills to the ranch.
Collaboration and sharing knowledge with family members is essential for success.
The next generation should be open to learning from the previous generation's experiences.
The journey of transitioning a family ranch takes time and patience.
Chapters
00:00 Introduction and Background
09:29 Navigating Succession: Challenges and Compromises
25:07 Accidental Opportunities: The Shift to Corriente Beef
32:44 Introduction and Importance of Humility and Adaptability
51:46 Finding Individual Roles and Collaborating
59:12 Advice for the Next Generation: Stay Humble and Be Flexible
Adele's Links:
