Bob Tallman inducted into the Professional Rodeo Cowboys Association Hall of Fame in Colorado Springs, Colorado, he is a six-time recipient of the "Announcer of the Year" award. In 2007, Tallman was inducted into the National Cowboy Hall of Fame in Oklahoma City, Oklahoma. His Bob Tallman Charities, established in 2000, raises nearly $50,000 annually for the pediatric program at University of Texas M. D. Anderson Cancer Center in Houston and the Justin Cowboy Crisis Fund, an organization that offers financial assistance to families of professional rodeo athletes who have suffered catastrophic injuries. Tallman sells Texas-style Ranch Fixins seasonings for beef, pork, and chicken through the Internet. The brands include Stampede Steak and Panhandle Pepper.

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