Lon Lon Ranch

Ocarina of Time
In Ocarina of Time, Lon Lon Ranch is the home to Talon, Malon and Ingo, and Epona. It is located in the center of Hyrule and is owned by Talon. It is a small farm, with one house area and a barn to keep horses and cows safe, it has a paddock that can exercise the horses daily. They raise Cuccos, Horses and Cows. They make a profit by selling off Lon Lon Milk that the cows make to the people of Hyrule.

Here, in Ocarina of Time, you learn "Epona's Song" as a kid, and (seven years later) get to keep Epona when you win her from Ingo.

The Minish Cap
Quote from The Legend of Zelda: The Minish Cap At Lon Lon Ranch figurine: "This small ranch lies just outside Hyrule Town. Father-and-daughter team Talon and Malon run it, and they sell the finest milk in Hyrule!"

Trivia

 * Interestingly, everyone at the ranch in OoT had a turn at running the ranch, starting with Talon, followed by Ingo and finally Malon.