Great video. Since the combine shows your bushels per acre, it would be interesting if you went to the USDA soil survey website and looked up your property to see what types of soil you have and compare your crop yields with what other farmers are reporting.
Look up yield mapping. Companies like John Deere have software that will track yields and allow you to overlay it over soil types / soil samples, fertilizer programs, pesticide applications, etc. There is some super cool tech in farming!
I used that to look at my soil, Im a homeowner but my property is zoned for AG as well as residential so i can do commercial farming on the back few acres if i wanted to. Turns out my soils both amazing for drainage but shit for yield lol. Ancient Sand Dunes
It would be curious to know the total man hours worked during this season, beginning to end, and figure out an hourly wage rate. What is your other employment during the grow/ harvest season.
Great breakdown. So easy to see how hard it can all be, have a good year, did a great job on new ground, still down 5k on just 30 acres. Put that over 2500 acres or half a bigger farm operation like some of the other UA-cam family’s everyone watches and it’s a quick -$ 400k loss. Ain’t easy to make money farming.
I feel fortunate to have done well in business and believe in a common-sense approach to it. I found this video exceptional. It brilliantly explains what it takes to run a business in an intuitive way, highlighting the risks and strategies business owners use to mitigate them. It also emphasizes the importance of analyzing and reflecting on results to identify areas for improvement. This is Business Fundamentals 101, and you nailed it. Additionally, it deeply honors the sacrifices of farmers in our country-truly outstanding! Keep up the hard work!
Another excellent video Spence. Really enjoy you breaking out the numbers and demonstrating just how risky farming can be. I don't think people fully appreciate just how much risk the farmer is taking. From prices fluctuating up and down to how the weather can make or break a season. Hope you are well buddy and thanks for sharing.
I was 12 back in 1968 the first time I was on a farm being a city kid. That summer I learned farmers are some of the hardest working people ever. My uncle could not believe all the financial questions I asked. I was trying figure out why he had a job as a finish carpenter, cabinet maker and farmer. He had loans on his 1200 acre farm, his buildings and equipment. He never went broke or became wealthy. He retired from farming in the 90's after the oil companies leased gas wells on his land and made way more than his farming ever did. Scale was the biggest obstacle, never making enough to expand to the level to compete and become highly profitable. This is still the main reason small businesses stay small. They lack resources and the business knowledge. Very few small farmers have ever had an MBA to expand, prosper and compete at the corporate level.
The ROI and margins on corn and beans are absolutely awful. I raise vegetables on a small farm in Iowa. This year showed a net profit after expenses of $6000 per acre with a margin of approx 80%. That means just one acre of vegetables will crush 30 acres of row crops or hay in terms of profit, risk, land used, and every metric of comparison. I farmed on 7 acres. No employees and just small equipment. Those seven acres made more than farms 100 times my size. An advantage I have is there is little to no competition because the 'real' farmers don't think out of the box and will just continue to spend dollars to make pennies because all they know is corn and beans.
For sure that sounds awesome! Just one metric I think row crops/hay or larger scale farming beats small scale in your example is TIME. The amount of labor hours per acre, (if the farmer is doing all the work that is important to keep in mind) if your opportunity cost is high then it might not pencil out to spend x amount of hours on vegetables even if you netted $6,000 an acre. If you are just getting started then small scale is for sure the way to go. Also assume 7 acres is $8,000-$12,000 an acre or $250-$350 an acre rent in a “open market”. So will need some funds to start that. Totally agree with you though, ROI is much better small scale. Also keep in mind margins are at 5-6 year lows right now, if I owned the land outright I would have ballpark netted $350-$550 if I took 2020-2022 average commodity prices. That’s about a 4-5% return on cash assuming $10-12k an acre. Totally agree again with your comment, just offering a different perspectives that others may have.
@@spencerhilbert Time per acre is a good point, or return per hour. I work a full time job in town and the vegetables are still a hobby. I try for $100 per hour average in my spare time. Let's say it's $10K per acre cost plus some machinery, it pays for itself every three years or less just doing this in my spare time with maybe less than $125K invested. Bought another 46 acres for $500K just to rent back out to the seller. The seven acres pays for the 46 acres in just a matter of years. If I went all into corn/beans it would be 40 years before it paid for itself. I think if I was near to DesMoines or a larger town I could quit my job and just live off 10 acres selling produce.
Nice yeah that sounds like great numbers! Do you have a Instagram or anything you document/share about your setup? Would be interested to learn more for sure.
50 acre vegetable farm in SC myself. Started as my son’s summer job idea. But grew to a large deal. I was shocked at the soybean numbers. Why on earth do you guys keep planting them ? Plant variety of crowder peas. Pink eye specifically. Down here bringing $40 a half bushel shelled. $28 in the hull. And you can sell them before you pick . Okra $30 half bushel. You just have to work to pick. But the yield is outrageous.
ex grain farmer here,,,never thought i would quit,but tired of working numerous hours a day,borrowing money like crazy,being a slave to the corps.all for a little to no rewards.i admire you all,,,,hope my next adventure pays out more.still own some land and rent it out,,,never want to be a townie.good luck to you all left fighting.
Thanks for the look at income and expenses. Some of these channels never address the financial side and lead people to believe farmers are making huge profits as evidenced by all the new machinery, bins and shops/equipment storage.
Greetings from Uruguay. I enjoy yours and Grant's videos very much. I'd love to see a video of your beginnings and how you managed to acquire and develop your farming enterprise. Thank you and good luck
Super interesting, thank you for sharing! I give farmers so much credit, over $170 an acre in fertilizer, insecticide, herbicide and applications! What is sad is that spreadsheet doesn’t even include paying yourself!
To this day I've never met a farmer that made money. My neighbor was 6 double trailer semis, tractors and combines. Has two half million dollar sugar beet processing machines that top pull and wash beets before loading into one of🎉 the 6 semis. They work hard for two months of the year and spend 6 months in Florida. I wish I was so poor. They farm 3000 plus acres.
@ but all the money is tied up in land and equipment. Which are all liabilities until you sell them. Taxes upkeep etc. he may get to vacation. But it’s just spend it before the farm takes it life. You can’t save it. Something will eat it.
I love seeing the numbers. At the end of the day, that's all that matters in terms of whether or not it is sustainable. My initial reaction to this is: $22,000/ acres is not bad..... but now time to get those costs down...
it's insane that the price of everything has gone up over the past 3 years yet the price of crops has decreased. There's a large disconnect there somewhere and someone is making a fortune at the expense of farmers.
@@Heimerviewfarm to be honest tariffs might help the farmers with crop prices since they will have to buy foreign crops at 25% more when the land is currently overproducing. So you could sell your crops for either the same rates or better.
For people wondering "why corn and soybeans?" some folks do other crops but labor cost/availability (remember, it's seasonal) makes other crop choices hard to justify. It is done, however. A few miles from here in Southern Illinois is "The Pumpkin Queen". She started with less than nothing and today grows thousands of acres of pumpkin, watermelon, etc. I think she's up to 10k acres now and it takes a lot of people working, especially in the fall.
The financials might make a bit more sense if you present Profit-Loss and cash flow separately or even do a statement of cash flows that shows the reconciliation from P-L. Great video. Thanks for sharing!
novice here, but your highest costs are seeds & fertilizer. What do you think 1. reusing heirloom soybean seeds & 2. cover crops to reduce future fertilizer costs could do for your revenue? worth the effort or no?
I used to live in an area with a shorter season and a less rainfall (the durum triangle in ND). Soybeans were borderline there. In a good year you could do well, in a poor year you may get nothing. ~70 bushels/acre there would have been remembered and talked about for years. I don't know how soybeans work up there these days. I know more are grown than there used to be so they must be a more viable option now. I still miss the days when it was durum wheat field after field. You can drive a long way now and not see a single wheat field.
It's cool to see all this, but sure isn't seeing the red. And I remember a friend doing this back in the 1970's and making similar gross profit on 40 acres. But he was using 1960's 70's equipment.
As a Aussie living in a small country town an wanting to farm but life never took me there love watching you two an wishing I could do this keep up the great work
I don't know because I am just a mid-sized market gardener and have never operated a row crop operation, but I am curious. Would a fall planted cover crop drilled into the stuble, or even broadcast, possibly reduce some of that fert cost the following year?
Yes cover crops are something I want to do for sure. Possibly do Ariel application this next fall into standing corn. Right now focusing on learning all the basics and getting those right. Not sure if planting cover crops would help in these first couple years in inputs, but for sure is beneficial in long run.
@@spencerhilbert check out Jon Stevens maple Grove farms. He's in northern Minnesota and has experimented with different system. Get ahold of your nrcs they may help with the application.
@spencerhilbert Cover crops you want to pick your goal. Are you trying to reduce inputs, fix erosion, improve soil.. On a soybean field for next year spread some winter Rye this winter yet. Next spring watch your ground moisture and your forecast. The second the ground moisture starts to be less muddy and the forecast is looking dry you terminate that cover crop of rye if in doubt terminated a little early because it will keep moving a little moisture You could do some in season cover crops in the soybeans. Check out Rye Carlson, he's an organic guy up in Mora Minnesota but I want to follow his buckwheat and mustard treatment in standing soybeans to reduce the amount of chemicals I'm not too far from organic corn. All I do is 3 oz of Callisto, and then once that corn is at V3 or V4 I go out with just 20 lb of oats and just a couple pounds of Buckwheat a few different radishes Italian rye grass and you shouldn't need any more chemical in that corn for the year Much larger conversation is needed reach out if you have questions I am not a salesperson
@@Heimerviewfarm I wish we had more seasoned I tried Clover and grasses late season into soybeans. You can't go too early because then you still got to try and combine the soybeans but we don't have enough season to go late and there wasn't enough growth. If I was south I would have probably done the same thing as soon as them beans start to yellow get some Clover and grass out there and maybe there'll be a little something for cows to nibble Or switch to a yellow pee instead of the soybean and then you would have a lot more fall to take advantage of growing something to feed cattle
Technical question, is there a way to add moisture back into the beans after the harvest to increase the weight, and thus the price you get for the beans?
Yup, I thought this year was good overall. The “negative cash flow” was just due to making equity payments on the land. Super good year, can’t complain at all!
I would ask around to see if any farmers are getting (drainage tiles) put in on their wet land areas and see about getting your field added to the list so at least that area that holds water can be turned into productive cropland.
Good info with a year end costs. What state and town are you near? Just a ball park if you are shy. South west Ohio, Along the Mississippi in Illinois, Or iowa. Northeast Indiana?
I don't understand the need for constant tilling. My dad used to manage 45 thousand hectares in Brazil, mostly beans, corn and cotton. Any type of soil work would only be done in case of heavy compaction.
Im honestly surprised you guys are running 25A series, i wouldve expected a group 3 at least. Also curious if youve heard of plenish beans in your part of the world and if it interests you at all, cant get enough acres here in upstate NY
You could grow different vegetables on about 4 acres and probably make more money every year with geothermal greenhouses, which can be done cheap or expensive
Great video. I didn't see fuel expenses in the spreadsheet unless you have it under something else. You also don't put a value on your time. Farmers are the backbone of our existence.
What do the land rents bring in your area. I have a friend who owns about 200 acres in southern Minnesota, he was getting 600 bucks an acre a few years ago. This year he reduced the rate, Would you have made more just renting out the land? With no labor or other costs. All of that rent would go to interest, taxes and building equity.
$600 an acre rent on 200 acres is insanely good rate (for the land owner) on strictly commodity crop producing land. I would assume $250-$400 on free open market rates in my region. Yeah $600 is extremely good.
@@donchristie420 What differece would that make, unless he can deduct morgage intrest, ect. I was a farmer, and know the differenc, I was just wondereing if the return on capital would be better with no risk.
I always figure the cost of land rent for land costs and consider the land purchase a separate entity in my mind. Even if the lands paid for I could rent it to someone else.🤓
You know, i bet there are some cheap ways to get a class on accounting. Cash flow statement is a different statement from the profit/loss or Income statement. but yeah, good job of makin that money.
As Shane Gillis said. Country artists are singing about what they are doing exactly at that time. Oh great 500 bushels. I was expecting 400 bushels and 28 scallybongs.
In all seriousness, start small, avoid commodity crops, think outside the box, integrate livestock, and don’t use farming as a way to support an equipment addiction
Only way I am “hobby” farming here is by have supplemental income/off farm income. That’s probably the fastest and safest way to get into it if you don’t live around it or have anyone to help you. Bunch of different ways to do it, but having a financial safety net before you start is always good.
I remember when I was 17 in North central Ohio, tracking and escaped calf through a bean field. The beans were over my waste and I'm 6ft 3. What's the deal with that short crop?
You don't only have land cost if you have interest. If you own an acre that sells for $20,000 then you're giving up the return you would have gotten on that $20,000 if you sold the land & invested it. Or if you rented it out to someone else.
It’s very sad you yielded 70 bushels and only made $4k. The market has to get better. In N.C. we normally average 40-50 bushels an acre. Very hard to even break even with prices and the cost of inputs.
It can be bad if you don't rotate. Different crops also grow better or worse depending on soil conditions. If you have a source of good fertilizer that won't break the bank you can plant the same crop every year but fertilizer tends to be expensive unless you have connections to a animal farm of some sort where you can get the manure for cheaper
Great video. Since the combine shows your bushels per acre, it would be interesting if you went to the USDA soil survey website and looked up your property to see what types of soil you have and compare your crop yields with what other farmers are reporting.
Look up yield mapping. Companies like John Deere have software that will track yields and allow you to overlay it over soil types / soil samples, fertilizer programs, pesticide applications, etc. There is some super cool tech in farming!
I used that to look at my soil, Im a homeowner but my property is zoned for AG as well as residential so i can do commercial farming on the back few acres if i wanted to. Turns out my soils both amazing for drainage but shit for yield lol. Ancient Sand Dunes
It would be curious to know the total man hours worked during this season, beginning to end, and figure out an hourly wage rate. What is your other employment during the grow/ harvest season.
Yield monitor = feel good meter
Great breakdown. So easy to see how hard it can all be, have a good year, did a great job on new ground, still down 5k on just 30 acres. Put that over 2500 acres or half a bigger farm operation like some of the other UA-cam family’s everyone watches and it’s a quick -$ 400k loss. Ain’t easy to make money farming.
I feel fortunate to have done well in business and believe in a common-sense approach to it. I found this video exceptional. It brilliantly explains what it takes to run a business in an intuitive way, highlighting the risks and strategies business owners use to mitigate them. It also emphasizes the importance of analyzing and reflecting on results to identify areas for improvement. This is Business Fundamentals 101, and you nailed it. Additionally, it deeply honors the sacrifices of farmers in our country-truly outstanding! Keep up the hard work!
I'm not a farmer, a computer geek kinda guy and I find this facinating. Go American farmers!!!
Another excellent video Spence. Really enjoy you breaking out the numbers and demonstrating just how risky farming can be. I don't think people fully appreciate just how much risk the farmer is taking. From prices fluctuating up and down to how the weather can make or break a season. Hope you are well buddy and thanks for sharing.
The yield maps are gold when it comes time to plan tiling projects, can't wait to see the improvements now Grant has the plow😊
I can't wait to see what next year brings a specially with grants new tractor...😊😊 p.s I hope you all have a great Merry Christmas
You gotta get the solar power mod to offset that loss lol . Great video.
Funny how can you identify a farming simulator player. What’s up brother?!
FS brethren unite. 🤝
I was 12 back in 1968 the first time I was on a farm being a city kid. That summer I learned farmers are some of the hardest working people ever. My uncle could not believe all the financial questions I asked. I was trying figure out why he had a job as a finish carpenter, cabinet maker and farmer. He had loans on his 1200 acre farm, his buildings and equipment. He never went broke or became wealthy. He retired from farming in the 90's after the oil companies leased gas wells on his land and made way more than his farming ever did. Scale was the biggest obstacle, never making enough to expand to the level to compete and become highly profitable. This is still the main reason small businesses stay small. They lack resources and the business knowledge. Very few small farmers have ever had an MBA to expand, prosper and compete at the corporate level.
The ROI and margins on corn and beans are absolutely awful. I raise vegetables on a small farm in Iowa. This year showed a net profit after expenses of $6000 per acre with a margin of approx 80%. That means just one acre of vegetables will crush 30 acres of row crops or hay in terms of profit, risk, land used, and every metric of comparison. I farmed on 7 acres. No employees and just small equipment. Those seven acres made more than farms 100 times my size. An advantage I have is there is little to no competition because the 'real' farmers don't think out of the box and will just continue to spend dollars to make pennies because all they know is corn and beans.
For sure that sounds awesome! Just one metric I think row crops/hay or larger scale farming beats small scale in your example is TIME. The amount of labor hours per acre, (if the farmer is doing all the work that is important to keep in mind) if your opportunity cost is high then it might not pencil out to spend x amount of hours on vegetables even if you netted $6,000 an acre. If you are just getting started then small scale is for sure the way to go. Also assume 7 acres is $8,000-$12,000 an acre or $250-$350 an acre rent in a “open market”. So will need some funds to start that. Totally agree with you though, ROI is much better small scale. Also keep in mind margins are at 5-6 year lows right now, if I owned the land outright I would have ballpark netted $350-$550 if I took 2020-2022 average commodity prices. That’s about a 4-5% return on cash assuming $10-12k an acre. Totally agree again with your comment, just offering a different perspectives that others may have.
@@spencerhilbert Time per acre is a good point, or return per hour. I work a full time job in town and the vegetables are still a hobby. I try for $100 per hour average in my spare time. Let's say it's $10K per acre cost plus some machinery, it pays for itself every three years or less just doing this in my spare time with maybe less than $125K invested. Bought another 46 acres for $500K just to rent back out to the seller. The seven acres pays for the 46 acres in just a matter of years. If I went all into corn/beans it would be 40 years before it paid for itself. I think if I was near to DesMoines or a larger town I could quit my job and just live off 10 acres selling produce.
It's set up for large operations,100k acres+
Brazilians are really cashing in
Nice yeah that sounds like great numbers! Do you have a Instagram or anything you document/share about your setup? Would be interested to learn more for sure.
50 acre vegetable farm in SC myself. Started as my son’s summer job idea. But grew to a large deal. I was shocked at the soybean numbers. Why on earth do you guys keep planting them ? Plant variety of crowder peas. Pink eye specifically. Down here bringing $40 a half bushel shelled. $28 in the hull. And you can sell them before you pick . Okra $30 half bushel. You just have to work to pick. But the yield is outrageous.
ex grain farmer here,,,never thought i would quit,but tired of working numerous hours a day,borrowing money like crazy,being a slave to the corps.all for a little to no rewards.i admire you all,,,,hope my next adventure pays out more.still own some land and rent it out,,,never want to be a townie.good luck to you all left fighting.
Thanks for the look at income and expenses. Some of these channels never address the financial side and lead people to believe farmers are making huge profits as evidenced by all the new machinery, bins and shops/equipment storage.
Greetings from Uruguay. I enjoy yours and Grant's videos very much. I'd love to see a video of your beginnings and how you managed to acquire and develop your farming enterprise. Thank you and good luck
finally a new upload ❤
Super interesting, thank you for sharing! I give farmers so much credit, over $170 an acre in fertilizer, insecticide, herbicide and applications! What is sad is that spreadsheet doesn’t even include paying yourself!
😂. We never get paid. We just get to live. And do it again next year. Sort of like slaves who can vote.
@@puttervids472 yeah but how do you buy groceries and cloths and other just everyday things. Do you all have another job locally??
To this day I've never met a farmer that made money. My neighbor was 6 double trailer semis, tractors and combines. Has two half million dollar sugar beet processing machines that top pull and wash beets before loading into one of🎉 the 6 semis. They work hard for two months of the year and spend 6 months in Florida. I wish I was so poor. They farm 3000 plus acres.
@charlesstockford6003 you're stupid. Work hard for 2 months? Really? Ok 👍
@ but all the money is tied up in land and equipment. Which are all liabilities until you sell them. Taxes upkeep etc. he may get to vacation. But it’s just spend it before the farm takes it life. You can’t save it. Something will eat it.
Great video. Proves that to farm you have to want it. There is no money to be made right now.
Yeah currently right now margins are at 5 year lows. I thought I got pretty fortunate with this year’s yield and the sales I made.
I love seeing the numbers. At the end of the day, that's all that matters in terms of whether or not it is sustainable. My initial reaction to this is: $22,000/ acres is not bad..... but now time to get those costs down...
He didn't even figure in the hundreds of thousands of dollars of equipment used, not even the fuel was figured in along with the labor of other people
I appreciate your work . Good wishes from india😊
❤️❤️❤️ We Love Farmers- so smart.
you have some really nice equipment.
Yeah it's not mine, I'm just renting it.
Awsome videos just wish there was more!! Day to day farm living is always cool to see
Your farm sim graphics are insane
Great video and breakdown! Interesting to see that laid out so well. I'll watch this video 1000x more to help offset your negative cash flow. ;)
it's insane that the price of everything has gone up over the past 3 years yet the price of crops has decreased. There's a large disconnect there somewhere and someone is making a fortune at the expense of farmers.
It's simple overproduction. To many people and not enough market.
@@Heimerviewfarm to be honest tariffs might help the farmers with crop prices since they will have to buy foreign crops at 25% more when the land is currently overproducing. So you could sell your crops for either the same rates or better.
@@kennedy796 selling is one thing but maybe it's not the worst thing in the world for farmers to figure out if producing less makes more.
Anyone who shorted soybean futures 4 years ago💰💰
Competition from Brazil and Africa. They can produce cheaper because they dont use John Deere
For people wondering "why corn and soybeans?" some folks do other crops but labor cost/availability (remember, it's seasonal) makes other crop choices hard to justify. It is done, however. A few miles from here in Southern Illinois is "The Pumpkin Queen". She started with less than nothing and today grows thousands of acres of pumpkin, watermelon, etc. I think she's up to 10k acres now and it takes a lot of people working, especially in the fall.
You forgot to factor in John Deere screwing you over on the cost of repairs
I would question his allowance for the equipment costs for combining and hauling.
It's going to get worse with Donald Dump in office. I dont feel bad for the uneducated pitchforks at all.
@@StillKeepOnLosing neva heard of that fella
JD is the Apple of agriculture.
Best yt video I have seen this month
Good luck man 🍀
This was super informative
Great video. Thank you.
Great photography. Should be able to build vertically on your land to produce more. Wishing you luck for next season.
Great video enjoy watching keep up the great work
The financials might make a bit more sense if you present Profit-Loss and cash flow separately or even do a statement of cash flows that shows the reconciliation from P-L.
Great video. Thanks for sharing!
I hope farm subsidies are gone for good. We need more small farmers.
That's good looking combine for it's age!!! Think I'd rather have it than an X-9 myself
novice here, but your highest costs are seeds & fertilizer. What do you think 1. reusing heirloom soybean seeds & 2. cover crops to reduce future fertilizer costs could do for your revenue? worth the effort or no?
Once you own the land it makes a huge difference, I just don't know how tenant farmers make it work.
Awesome video 😊
Do you get any subsidies for farming?
I used to live in an area with a shorter season and a less rainfall (the durum triangle in ND). Soybeans were borderline there. In a good year you could do well, in a poor year you may get nothing. ~70 bushels/acre there would have been remembered and talked about for years. I don't know how soybeans work up there these days. I know more are grown than there used to be so they must be a more viable option now. I still miss the days when it was durum wheat field after field. You can drive a long way now and not see a single wheat field.
I always wanted to be a soybean pod when I grew up
It's cool to see all this, but sure isn't seeing the red. And I remember a friend doing this back in the 1970's and making similar gross profit on 40 acres. But he was using 1960's 70's equipment.
Can you plant winter wheat after the corn? Then harvest and plant beans to get at least 2 profits off that land in one season??
thank you for the vid
As a Aussie living in a small country town an wanting to farm but life never took me there love watching you two an wishing I could do this keep up the great work
In your free time get a job as a casual labour or farm hand it will bring you closer to farming
I don't know because I am just a mid-sized market gardener and have never operated a row crop operation, but I am curious. Would a fall planted cover crop drilled into the stuble, or even broadcast, possibly reduce some of that fert cost the following year?
You started planting on my birthday
Great stuff for a wanna be to see what all is involved with farming. LOTS of expenses
Love the video
Have you looked into if planting cover crops or anything would keep input costs down?
With land up front. Having a small beef herd wouldnt be the worse thing.
Yes cover crops are something I want to do for sure. Possibly do Ariel application this next fall into standing corn. Right now focusing on learning all the basics and getting those right. Not sure if planting cover crops would help in these first couple years in inputs, but for sure is beneficial in long run.
@@spencerhilbert check out Jon Stevens maple Grove farms. He's in northern Minnesota and has experimented with different system. Get ahold of your nrcs they may help with the application.
@spencerhilbert
Cover crops you want to pick your goal. Are you trying to reduce inputs, fix erosion, improve soil..
On a soybean field for next year spread some winter Rye this winter yet. Next spring watch your ground moisture and your forecast. The second the ground moisture starts to be less muddy and the forecast is looking dry you terminate that cover crop of rye if in doubt terminated a little early because it will keep moving a little moisture
You could do some in season cover crops in the soybeans. Check out Rye Carlson, he's an organic guy up in Mora Minnesota but I want to follow his buckwheat and mustard treatment in standing soybeans to reduce the amount of chemicals
I'm not too far from organic corn. All I do is 3 oz of Callisto, and then once that corn is at V3 or V4 I go out with just 20 lb of oats and just a couple pounds of Buckwheat a few different radishes Italian rye grass and you shouldn't need any more chemical in that corn for the year
Much larger conversation is needed reach out if you have questions I am not a salesperson
@@Heimerviewfarm
I wish we had more seasoned I tried Clover and grasses late season into soybeans. You can't go too early because then you still got to try and combine the soybeans but we don't have enough season to go late and there wasn't enough growth. If I was south I would have probably done the same thing as soon as them beans start to yellow get some Clover and grass out there and maybe there'll be a little something for cows to nibble
Or switch to a yellow pee instead of the soybean and then you would have a lot more fall to take advantage of growing something to feed cattle
Technical question, is there a way to add moisture back into the beans after the harvest to increase the weight, and thus the price you get for the beans?
It is not that negitive because you are making progress on the land
Yup, I thought this year was good overall. The “negative cash flow” was just due to making equity payments on the land. Super good year, can’t complain at all!
God has blessed you. May you always prosper.
Wow, FS25 is so realistic! It almost feels like real life
Hey big Spence!!
I would ask around to see if any farmers are getting (drainage tiles) put in on their wet land areas and see about getting your field added to the list so at least that area that holds water can be turned into productive cropland.
W vid man
What did you say you got on the government programs? WOW, with that kind of money you really don't need a crop. The beans are extra. Kool for you.
Good info with a year end costs. What state and town are you near? Just a ball park if you are shy. South west Ohio, Along the Mississippi in Illinois, Or iowa. Northeast Indiana?
I don't understand the need for constant tilling. My dad used to manage 45 thousand hectares in Brazil, mostly beans, corn and cotton. Any type of soil work would only be done in case of heavy compaction.
Hopefully they find a new market for soybeans. I drink a lot of soy milk but that’s not going to make a dent in the loss of sales to China
Im honestly surprised you guys are running 25A series, i wouldve expected a group 3 at least. Also curious if youve heard of plenish beans in your part of the world and if it interests you at all, cant get enough acres here in upstate NY
Better than my country's farm. It's 2024 but still using buffalo water 😂😂😂
You could grow different vegetables on about 4 acres and probably make more money every year with geothermal greenhouses, which can be done cheap or expensive
Great video. I didn't see fuel expenses in the spreadsheet unless you have it under something else. You also don't put a value on your time. Farmers are the backbone of our existence.
Can you please do a shop tour and tool box tour
Great video. Thank you for showing the break down of the cost for harvesting soy beans.
What do the land rents bring in your area. I have a friend who owns about 200 acres in southern Minnesota, he was getting 600 bucks an acre a few years ago. This year he reduced the rate, Would you have made more just renting out the land? With no labor or other costs. All of that rent would go to interest, taxes and building equity.
$600 an acre rent on 200 acres is insanely good rate (for the land owner) on strictly commodity crop producing land. I would assume $250-$400 on free open market rates in my region. Yeah $600 is extremely good.
Then he would be a landlord and not a farmer,according to IRS (if I understand it correctly)
@@donchristie420 What differece would that make, unless he can deduct morgage intrest, ect. I was a farmer, and know the differenc, I was just wondereing if the return on capital would be better with no risk.
AMAZINGNES!!!
I always figure the cost of land rent for land costs and consider the land purchase a separate entity in my mind. Even if the lands paid for I could rent it to someone else.🤓
If those double wagons had brakes; you could tow them to town with a pickup truck
I often see those drowned out areas, what do farmers do about that?
You know, i bet there are some cheap ways to get a class on accounting. Cash flow statement is a different statement from the profit/loss or Income statement. but yeah, good job of makin that money.
As Shane Gillis said. Country artists are singing about what they are doing exactly at that time. Oh great 500 bushels. I was expecting 400 bushels and 28 scallybongs.
What factors influenced the profitability of 30 acres of soybeans, and how was the final income calculated?
Use to deliver news papers as a kid and made more .
What advice could you give to someone starting with nothing to get into farming?
Marry well
In all seriousness, start small, avoid commodity crops, think outside the box, integrate livestock, and don’t use farming as a way to support an equipment addiction
Only way I am “hobby” farming here is by have supplemental income/off farm income. That’s probably the fastest and safest way to get into it if you don’t live around it or have anyone to help you. Bunch of different ways to do it, but having a financial safety net before you start is always good.
Find a mentor. Going at it blind is a failure from the start.
@@spencerhilbert preach it bud. That’s exactly what I’m saying
I remember when I was 17 in North central Ohio, tracking and escaped calf through a bean field. The beans were over my waste and I'm 6ft 3. What's the deal with that short crop?
How do they control for wind erosion of top soil in those big ass fields?
Love it
do you have any pipes underground to water the field?
No
Dry naturally or roundup?
Great❤
What about fuel, maintenance, insurance? I did not see any of that.
We needed 2 more extra trailers for corn this year (2 acers od corn)
What you gonna seed next
What state are you in? The beans looked kind of short.
So now you have no market for either corn or soy
Do you use Roundup? Are the soy beans used for ethanol? Do you plant soybeans every year? monoculture is not farming.
What kind of bean you Planted
제초제는 어떤 성분 사용하시나요?
You don't only have land cost if you have interest.
If you own an acre that sells for $20,000 then you're giving up the return you would have gotten on that $20,000 if you sold the land & invested it. Or if you rented it out to someone else.
It’s very sad you yielded 70 bushels and only made $4k. The market has to get better. In N.C. we normally average 40-50 bushels an acre. Very hard to even break even with prices and the cost of inputs.
What is the profit on 30 acres of bioethanol corn?
Tell us where you are !!!!!!!! nearest city ??????????
What's the total acres y'all farm
What off Farm income are we talking to cover the $5k?
Why do you rotate crops??
Is it Like bad for the land if your keep planting the same crop??
It can be bad if you don't rotate. Different crops also grow better or worse depending on soil conditions. If you have a source of good fertilizer that won't break the bank you can plant the same crop every year but fertilizer tends to be expensive unless you have connections to a animal farm of some sort where you can get the manure for cheaper
John Deer company owns the majority of farmland in the U.S.
If you put Tylenol in there you might get better at yield