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Education

New book, class aim to help ranching families pass businesses to future generations

New book, class aim to help ranching families pass businesses to future generations

Mark Griffin and David Alderson founded the Alderson & Griffin Center for Family Business and Entrepreneurship in Lubbock, which partnered with Texas Tech's Davis College and the National Ranching Heritage Center this year on a new initiative focused on agri-business.

The center exists to bridge the gap between working ranchers and the academic side of the Davis College, according to Griffin. Alderson said the collaboration reached across multiple parts of the university, not just one department.

The push centers on helping ranching families figure out how to pass their operations down to the next generation. For multi-generation ranches, that transition can make or break whether the business survives past the current owner. Texas Tech and the National Ranching Heritage Center lending their name to the effort signals the university sees this as worth building real programming around, not just a one-off panel.

For neighbors here with ties to ranching or ag land, the partnership means new resources aimed at a problem that quietly ends a lot of family operations, poor succession planning. It also strengthens Lubbock's pitch as a hub where Texas Tech academics and working agriculture actually talk to each other.

Two guys with a business center just got the National Ranching Heritage Center and a Texas Tech college to help teach ranchers how to keep it in the family.

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