Farm4Profit Podcast

Wind Energy and Ranching: Perspective from a Farm Transition Story

13 Jan 2025

1h 1m

28344 words

4 speakers

13 Jan 2025

Audio

Description

Today's show is brought to you by: https://www.croporganization.org/In this episode of the Farm for Profit podcast, Tanner interviews Pete Ferrell, a rancher with a rich family history in agriculture. They discuss the transition of ranch management to the next generation, the challenges of succession planning, and the adoption of holistic practices in ranching. Pete shares his journey into wind energy, the establishment of a wind farm on his ranch, and the importance of understanding lease and easement agreements. The conversation highlights the integration of technology in ranch management and the financial benefits of diversifying income sources through renewable energy. In this conversation, Pete Ferrell shares his experiences and insights regarding the development of wind farms on agricultural land. He discusses community perceptions, tax implications, lease agreements, long-term commitments, environmental impacts, and the sound and aesthetic considerations of wind energy. The conversation also highlights the economic benefits and resources available for landowners considering wind energy projects.takeawaysThe importance of effective succession planning in ranching.Lessons learned from a failed succession plan.Holistic practices can enhance ranch management.Embracing technology is crucial for modern ranching.Wind energy can provide additional income for ranchers.Long-term agreements with wind companies require careful consideration.Consulting can help others navigate wind energy development.Understanding lease and easement agreements is essential.Ranchers can maintain their operations while hosting wind farms.Financial planning is key to a successful transition in ranch management. Community concerns about wind farms often stem from misconceptions.Wind farms can provide significant tax revenue for local communities.Lease agreements for wind farms typically include multiple payment structures.Long-term agreements can lead to considerations for future turbine technology.Access roads from wind farms can benefit ranching operations.Environmental studies show that wildlife populations can recover post-construction.Wind farms can create noise that resembles natural sounds like rivers or surf.Landowners should be aware of the potential for visual impact from turbines.It's important to consult with experts when considering wind energy projects.Landowners have resources available to help them navigate wind energy agreements.01:02 Meet Pete Ferrell: A Ranching Legacy02:49 Transitioning Ranch Management to the Next Generation05:53 Lessons from a Failed Succession Plan09:02 Adopting Holistic Practices in Ranching12:02 Embracing Technology in Ranch Management15:11 Exploring Wind Energy Opportunities17:59 The Journey to Establishing a Wind Farm20:46 Navigating Long-Term Agreements with Wind Companies23:47 Concerns and Benefits of Wind Energy on Ranching27:06 Consulting on Wind Energy Development30:08 Understanding Lease and Easement Agreements31:52 Community Perspectives on Wind Farms34:04 Tax Implications and Economic Benefits35:55 Understanding Lease Agreements38:25 Long-Term Agreements and Future Considerations44:58 Debunking Myths and Addressing Concerns50:11 Environmental Impact and Wildlife56:21 Sound and Aesthetic Considerations01:00:28 Resources for Landowners Want Farm4Profit Merch? Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: [email protected]/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/

Featured

Unnamed Speaker

Tanner

Podcast Announcer

Pete Ferrell

Transcription

Full Episode

0.369 - 17.829 Pete Ferrell

Good morning. I'm Pete Farrell. I live south of Beaumont, Kansas in the Flint Hills. I'm a fourth generation rancher. I'm fortunate to have a wind farm here. We've been discussing pros and cons of the development of wind farms on agricultural properties.

19.798 - 42.206 Podcast Announcer

Ladies and gentlemen, farmers, ranchers, and distinguished guests, thank you for listening to the Farm for Profit podcast, where we discuss the latest ideas, methods, trends, and techniques available to help your farm achieve higher levels of farm profitability. Remember, if you aren't farming for profit, you won't be farming for long.

51.26 - 75.475 Tanner

Well, hey, listeners, welcome back to an episode of the Farm for Profit podcast. We're excited to have you join us. We appreciate you each and every episode. As a reminder, if you have topics or ideas that you want to send our way, hit us up at farmforprofitllc at gmail.com. Send us a text message or give us a call, 515-207-9640.

75.575 - 97.636 Tanner

Just got a text message yesterday asking if we could come DJ a party, surprise 30th birthday party for a gentleman's wife. I'm not sure that was one of you guys or not, but not a fit for us and probably not a fit for our guest in this episode today. But thank you so much for listening. Again, share us with your friends and family. Please leave us a review.

98.357 - 123.693 Tanner

Apple Podcasts and Spotify are two of the major places as well as YouTube that help us out an absolute ton. We're going to tackle a topic that sometimes appears to be controversial in the realm of agriculture and also in the realm of energy production. So excited to have our guest today, Pete, all the way from the ranch. How's Pete doing today?

124.454 - 128.377 Pete Ferrell

I'm warm and vertical, Tanner. That's always a good way to start the day. Yeah.

130.618 - 139.582 Tanner

I love that. And I don't know if I would have expected a different answer from you or not. That definitely seems to fit your personality. And your last name's pronounced Ferrell?

140.023 - 141.943 Pete Ferrell

Ferrell. F-E-R-R-E-L-L.

144.465 - 144.625

Yeah.

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Wind Energy and Ranching: Perspective from a Farm Transition Story

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