Description

In this episode, we hear from Dan McCarty, a fourth-generation Coloradan with deep roots in the cattle industry. Dan shares stories about his family's history in agriculture, going all the way back to his great-grandfather, a medical doctor who also speculated on farmland. Dan also talks about his unlikely friendship with Terry, how they met through the National Cattleman's Beef Association, and some of the valuable lessons he’s learned along the way. From discussing the challenges of managing large-scale operations in the high desert of Western Colorado to the importance of land stewardship and sustainability, Dan offers a wealth of knowledge and a down-to-earth perspective on the realities of ranching today. You won't want to miss his insights on navigating intergenerational transitions in agriculture and his level-headed advice for the next generation. So, give it a listen!  

Join us as we discuss...

• Dan's family's involvement in the cattle industry in Colorado for four generations, with his great-grandfather starting as a medical doctor who also invested in farmland
• How older generations play a crucial role in passing down knowledge and traditions in ranching, especially regarding risk tolerance and lessons learned from past economic hardships
• Modern operations face challenges such as federal land issues, wolf reintroduction, and water scarcity, requiring ranchers to adapt and plan for the future
• Sustainable practices, like matching resources to cattle and implementing grazing management plans, are essential for responsible land management
• How despite the challenges, there are still many opportunities in agriculture for both those who grew up in it and those who didn't, but a business or finance background can be a major asset

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Cliff is the founder and co-owner of Rocky Mountain Financial Group in Denver, Colorado. He has 30 years of experience working with business owners regarding their estate and business planning.

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