Pete Ferrell

To get around to answering the question here, I've already been approached about extending this lease because it seems to me, well, I know they are considering going to the next generation of turbines on the Farrell Ranch.

To get around to answering the question here, I've already been approached about extending this lease because it seems to me, well, I know they are considering going to the next generation of turbines on the Farrell Ranch.

To get around to answering the question here, I've already been approached about extending this lease because it seems to me, well, I know they are considering going to the next generation of turbines on the Farrell Ranch.

And that that is in place with our agreement. Furthermore, the county required the developer of the feral ranch here. It's called the Elk River Wind Farm. The county required them to post a decommissioning bond in case they would go bankrupt or whatever. The county didn't want to have to deal with all this machinery. And so there's a bond in place.

And that that is in place with our agreement. Furthermore, the county required the developer of the feral ranch here. It's called the Elk River Wind Farm. The county required them to post a decommissioning bond in case they would go bankrupt or whatever. The county didn't want to have to deal with all this machinery. And so there's a bond in place.

And that that is in place with our agreement. Furthermore, the county required the developer of the feral ranch here. It's called the Elk River Wind Farm. The county required them to post a decommissioning bond in case they would go bankrupt or whatever. The county didn't want to have to deal with all this machinery. And so there's a bond in place.

But I'm told the salvage value of the steel and the materials would easily pay for the salvage of the turbines if they were to come down. May I ask why you're not going to put in a new wind lease on that land?

But I'm told the salvage value of the steel and the materials would easily pay for the salvage of the turbines if they were to come down. May I ask why you're not going to put in a new wind lease on that land?

But I'm told the salvage value of the steel and the materials would easily pay for the salvage of the turbines if they were to come down. May I ask why you're not going to put in a new wind lease on that land?

Okay. Well, it's just curious. They've had that, that, uh, royalty income for all these years. Um, I'd like to keep – I'm going to negotiate with our developer to extend it, but I'm kind of back in the mix again of having to think this through because, well, I'm considering an agreement that's going to outlive me, quite frankly. And I'm consulting my successors.

Okay. Well, it's just curious. They've had that, that, uh, royalty income for all these years. Um, I'd like to keep – I'm going to negotiate with our developer to extend it, but I'm kind of back in the mix again of having to think this through because, well, I'm considering an agreement that's going to outlive me, quite frankly. And I'm consulting my successors.

Okay. Well, it's just curious. They've had that, that, uh, royalty income for all these years. Um, I'd like to keep – I'm going to negotiate with our developer to extend it, but I'm kind of back in the mix again of having to think this through because, well, I'm considering an agreement that's going to outlive me, quite frankly. And I'm consulting my successors.

My two children will inherit – well, I always tell them what my father told me, we don't own this place. We're just the caretakers here for a while. So they are actually going to be trustees rather than owners, but they'll get the economic benefit of the ranch and they love it as their ancestral home. But, um, they chose not, not to go into ranching. So, but anyway, uh, I want to keep it going.

My two children will inherit – well, I always tell them what my father told me, we don't own this place. We're just the caretakers here for a while. So they are actually going to be trustees rather than owners, but they'll get the economic benefit of the ranch and they love it as their ancestral home. But, um, they chose not, not to go into ranching. So, but anyway, uh, I want to keep it going.

My two children will inherit – well, I always tell them what my father told me, we don't own this place. We're just the caretakers here for a while. So they are actually going to be trustees rather than owners, but they'll get the economic benefit of the ranch and they love it as their ancestral home. But, um, they chose not, not to go into ranching. So, but anyway, uh, I want to keep it going.

Furthermore, as I shared with you, um, I've still got a significant debt to pay. Um, and you know, I, uh, I needed to find another form of income. I mean, that was one of the pressures on me was like, can I keep up the 15-hour days that I was working? And so I was highly incented to find another form of income here because I knew I couldn't keep that up, Tanner.

Furthermore, as I shared with you, um, I've still got a significant debt to pay. Um, and you know, I, uh, I needed to find another form of income. I mean, that was one of the pressures on me was like, can I keep up the 15-hour days that I was working? And so I was highly incented to find another form of income here because I knew I couldn't keep that up, Tanner.

Furthermore, as I shared with you, um, I've still got a significant debt to pay. Um, and you know, I, uh, I needed to find another form of income. I mean, that was one of the pressures on me was like, can I keep up the 15-hour days that I was working? And so I was highly incented to find another form of income here because I knew I couldn't keep that up, Tanner.

I knew I couldn't keep working like that. And so when the wind farm came, I let go of all the extra leased ground because I didn't need to work that hard. I didn't want to work that hard. And so it just came back to the core of the ranch. And so between my livestock operation and the wind farm, man, I could sleep at night.

I knew I couldn't keep working like that. And so when the wind farm came, I let go of all the extra leased ground because I didn't need to work that hard. I didn't want to work that hard. And so it just came back to the core of the ranch. And so between my livestock operation and the wind farm, man, I could sleep at night.