Відео

Land is a hedge against inflation. It always goes up because more dollars are being created. So you can barrow dollars today and pay off with pennies later!

Farms have gotten two big. Little Johnny wants to farm with dad and grandpa so more land bought or rented. Expensive newer equipment has to be bought because you can't have a breakdown with so much land to farm. Got to have a new pickup and nice home too. We no-till farm with old used equipment and fix everything ourselves. We always make a profit and sleep well at night.

yes about the only way to farm is to do it as a hobby farm where you have off farm income to supplement it on the bad years these couple years now are break even at best

i hope i can still stay clear of the banks for operating loans

Sounds like death by debt? Can you not do this without debt?

For a farmer borrowed money is a tool.

A little common sense goes along way, a big operation isn’t for everybody

Bro this clip could be literally anything 😭wasted everyone’s time

Thank you for your video mate, Trump won the election… you know,.. I can’t recommend Shellane Maxwell enough! When I first approached her, I was overwhelmed about retirement planning…Thanks to her guidance, I was able to restructure my investments and focus on high-yield options. Within just a year, my retirement fund grew by 55%!

Ha this guy looks at 15 like it was bad pfft we lived through the 80s. 90s and started making money the mid 2000s. He has no clue how bad it can get

I remember farm aid concerts….,,

Excellent description of the current situation. You forgot the greed of landowners for rents or the farmers bidding the profit out on rents.

Ya… large farming won’t fail. Congress has changed many items and worst case they will realign debt and you keep trucking where your at.

Farming and ranching require debt -unless you were given your land,. Then there is the need for working capital or operational loans.

Your banker is neither your friend or your partner. A "good" banker takes no risk whatsoever. That's what a personal guarantee is all about.

Yes,the empathy, and concern,I feel that everyday I go to field being a loan officer, and I end up telling them what they need to hear instead of what I was told to tell them, You weren't a bad loan officer,

I left a bank because they hired a new ag lender who did not understand agriculture. I knew that if things got tough, they would freak and not be reliable to moving ahead. Choose your finance institution by their knowledge, not by the lowest interest rate. Also, always cultivate two institutions and keep your finances services divided. More complicated, but more stable in the long run---and you want stability and reliability.

If farming especially mega farming, is so great financially why every year, year over year are there fewer farmers????

I remember when my dad lost a 1/4 section when operating loans were 23%.

Well, I'll never get that 14 minutes of my life back, biggest waste of time for the day, rambled on and on about the same thing and didn't say anything that somebody with 1/4 of a brain cell didn't already know......

Well said - many farmers and businesses prefer to borrow money to not pay income taxes.

Duct tape costs money,we use old bailer twine. All kidding aside if you don't maintain equipment one day nothing functions

100 % agree.

I realize your channel exists to promote your business, and I wouldn’t presume to tell you how to do it, but dividing partners into roles that no longer exist, if they ever did, doesn’t seem helpful. It is not a wife’s job to be her husband’s mommy, which is what you’re describing. I don’t know a single farmer’s wife who has her pretty little head in the clouds unaware of what’s happening on the farm or at the bank because she has a husband to protect her from reality. I do know many women of varying religious and socioeconomic backgrounds who are working and worrying shoulder to shoulder with their husbands or, like me, are farming and stressing over the family farm themselves. Nearly 50% of ag businesses have female producers. 1.2 Million women working 407 million acres generating $222 Billion in sales or 41% of US ag sales and 46% of US farmland.(USDA 2022 Stats) Mental health is an issue for all farm family members no matter their age, gender or role in the business.

I farmed and bought land at the highs in the late 70’s. I farmed through the 80’s ( just barely). I paid over 18% interest. Luckily I didn’t get my father to sign on anything and made it past and started buying land for 10% value at 10-12 % interest. Today the government has wrecked our dollar and can’t afford the trillions of dollars debt they have and that same govt controls the interest rate which will be low for many many years and the dollar saved today won’t buy anything in the near future. If you have land you have stability but not without risk. Every metropolitan area has 3days food on hand. If dollar collapse there will be cannibalism in 13 days.

"Farmer greed" was said how many times in this video? To be clear, this is a problem with larger operations, not the small family farm; I still the same old 70's - 90's tractors and 90's to 2000's combines in the field, basically same for sprayers and implements... like for goodness sake, the only time the small family farm can even afford new equipment is during the good years; it's not a "greed" problem but one of basic survival and means to continue on. Gotchya, there's anecdote of Joe Shmoe doing this and that, but I don't believe it's endemic to small family farms. You provide some valid points and indeed I believe the average farmer needs to knowledge and wise up on finances, business smarts (farmer marketing, operational efficiency, etc.), but the early 2020's was a unique time. Who honestly expected prices to remain high long-term when we clearly had an ongoing trade war with China and Brazil continued to drive record export levels on Corn and Soybeans!? Just feels like another sensational, dramatic, and unrealistic UA-cam video.

Banks and Farm Credit Institutions have fallen back into the game of collateral lending. This was the same environment that gave us the 1980's crisis. Its especially evident with young loan officers and staff that have never seen a crisis. When the sales manager is pushing growth without proper credit administration and risk management you are headed for trouble.

Don’t ever feel bad for the bank if they get it broken off in them. They are part of the problem in virtually every case of a farm failing, and they are the main contributor to run away overhead. If the banks pulled back on the reins, you would see common sense, stable pricing. Their sheer greed is a major part of the problem. The old timer who helped me get started had some thriving businesses outside of farming, he was young, and smart as a whip. They kept throwing money at him, even when he told him it wasn’t working. Finally, he was bailing it out with his own money, and he pulled the rug out from under it all. Well, they let him move in to 1st in line of the farms creditors, so he’d bail it out yet again. When he pulled the rug out the next year, and it was all auctioned off, he bought it back for $400/acre. The dollar cost average price paid was $2500. He never lost a nights sleep over it. Gotta love the 80’s and farming.

Uncle Sam still loves to collect taxes on a man too

I could make the case that the best asset my family's farm has right now is my accounting ans finance degrees. I started laying the frame work for our survival 4 years ago when the "greed phase" started. Now that were in bad times again, Ive got the ship in the right spot to navigate these troubled waters Fantastic video. Bravo

Things are constantly evolving, every operation is a dynamic, unique situation. I farmed with 25 yr old equipment. It was my advantage. Until that no longer worked. Even a brand new piece of equipment would be completely ruined after 5 years of us pounding on it. We now lease. We farmed without debt. Another secret weapon. This year we drew on our line of credit while still in the rate lock period, and made 2 points on short term treasuries. Debt became an income source. We’re selling organic corn for less $ than the conventional crops were bringing last year. There just isn’t a text book for this, I’m reminded of how grateful I am to not have an ag degree. My aerospace background has in many ways been a bigger benefit. I can modify and tweak a planter pretty well. Just the decades of aviation experience has been more useful than an ag degree. It trains the brain to stay dynamic, constantly scrolling for best options, staying ahead of it. I’ve never played a farm simulation game. But in aviation, simulator time is crucial. We need to utilize the t bytes of data that is being gathered around the ag scene, and war game in order to learn. I’m not the smartest guy, and let me tell ya, figuratively speaking, the tail could rip off this metaphorical machine at any time, but darn it, I’m flying it, or trying to, all the way to the ground. That’s instinct developed through experience.

Great video!! BRICS is going to decimate the agricultural sector. When greed replaces need there is never a good outcome!

I don't feel sorry for the big farmers they are all greedy.They have to hog it all. A young person can't even get started in farming if they wanted. Pretty soon all the big farmers will all go under and the land will get redistributed

Most of the problems you mention are because guys got too big where they had to have a "company" culture. Give me a break. So ridiculous.

Loved this episode. As a new widow it’s very relatable. I had to run to God or I wouldn’t still be standing.

Debt is the #1 killer of farmers. The existing big ag model is broken but with the coming volatility and sovereign debt crisis the industry will deleverage and food prices will go up relatively. Liquidate to your sleeping point and understand that farming (owner/operator) is one of the most difficult careers and businesses in the world. One needs to have a value mindset, marketing skills, a strong balance sheet and diversified operation to weather the storms.

We have had 2 farmers that I knew that end their life last year. Both of them had so much debt and they were losing the family farm. Farming is scary with how much things cost. I’m retired from farming.

I never regret the land I bought but deeply regret any land I didn’t

I appreciate the effort and energy you offer in an attempt to educate me. May God bless you more

Supply & demand? Produce commodities in concert with your markets, as they ebb & flow. Our soils & waters have bore the brunt of this industrial scale ag. 20K an acre for good farmland in IL, what young farmer can afford that anyway? It’s madness.

Dude, do you do interviews??? I’d love to make a public safety announcement of all our bad experiences! I’m serious! Should I say please?

I've been saying this for years and nobody listens.

Well I farmed with my dad in 1980s people refuse to look at history. I was only person that stuck my Dad during that time I would not wish that on anybody.. The worst part about I was not appreciated got job in town to dig myself out. The all for nothing. I can feel for people in this position. Majority of don't give a shit . This younger group I tried to explain the commodity business is rough. No they are younger more educated. Now here we are.

I quit watching all of them a couple of years ago.

Tax breaks = financial disaster. U fell for the salemans bs.

I don’t want to be having a reckoning in 2025. I want to be proactive now to survive the hard years we are in and have the farm be here for our child one day

dont live on debt. Life is simplier and you can sleep at night