Monty and Bobbi Jo Williams are getting a start in ranching in an interesting way.
The Box Elder, S.D., couple — who received the South Dakota Farm Bureau’s Young Farmers and Ranchers Achievement Award in 2010 — run a 550-head cow-calf and yearling operation on 13,000 owned and 2,500 leased acres.
The Williamses have a partner who owns the land and provides half the operating capital for the livestock and haying enterprises. They contribute the other half of the capital, provide all the labor and make all the management decisions. They and their partner split profits 50-50.
Their partner, who doesn’t want to be identified, is a Rapid City-area businessman who is actively involved in the operation. “He’s out here every day, is knowledgeable and interested in what we are doing and why, and he contributes ideas to help us be more successful, even though he does not come from a ranching background,” Monty says. “It’s a good working relationship.”
Monty’s grandfather worked with the partner for seven years before he retired in 2004 and recommended that Monty take his place.
The Williamses are also partners with Monty’s brother, Marty, and father, Myron, in a custom harvesting and seeding business. They own an air seeder, combine and three semis together.
TEAM UP: Monty and Bobbi Jo Williams are beginning ranchers who have teamed with up a partner who provides the land and half the capital to run the ranch. The Williamses provide all the labor and half the operating capital in exchange for 50% of the profits.
This article published in the January, 2012 edition of DAKOTA FARMER.
All rights reserved. Copyright Farm Progress Cos. 2012.