The Simple Newsletter Making $20M+ A Year With 1 Employee

My First Million

Investing in Farms and Technology Advancements in Agriculture

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This chapter explores the process of investing in farms through platforms like AcreTrader, factors to consider when buying farmland, technological advancements in agriculture such as Fitbit for cows, RFID tags for tracking animals, and the potential future of 'blockchain the farm' for transparency in the food supply chain.

Episode 603: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Kevin Van Trump ( https://x.com/KevinVanTrump ) about his journey from rural farm kid, to commodities trader, to creator of a farm newsletter that’s making $20M/year.

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Show Notes:

(0:45) How Sam met Kevin, then got his mind blown

(2:05) Shaan's reaction at his 1st Farmcon experience (Corn futures and options trading)

(4:35) The farmer's theory of the old bear and the young bull

(5:00) How Kevin's newsletter inspired Shaan to start Milk Road

(6:25) Breaking down The Van Trump Report ($18M ARR run by 4 ppl)

(8:05) Rural farm kid gets into trading

(12:28) Farmers operating at the highest level

(13:50) Ag Swag

(16:18) The Van Trump Business Model "People buy value not price"

(19:00) The customer continuum

(20:43) Poker vs chess

(23:57) The decision to do nothing is still a decision

(25:04) Trader v investor

(28:20) How most people should be building wealth

(32:37) Why the wealthy are getting into agriculture

(33:55) The succession plan for farms

(36:00) The economics of professional bull riding

(39:14) The come up of FarmersOnly

(41:15) How to buy a farm

(44:32) Wearables for livestock

(45:18) Blockchaining farms

(47:55) Kevin's take on lab-grown meat

(50:00) Opportunity zones: air, shelter, food, water

(52:35) New trend: trade schools

(54:24) Roll ups for wealth creation

(55:30) How to gain new perspectives (purposefully)

(57:50) Windows vs doors

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Links:

• FARMCON - https://www.farmcon.com/

• The Van Trump Report - https://www.vantrumpreport.com/

• AgSwag - https://agswag.com/

• Bid On Beef - https://www.bidonbeef.com/

• AcreTrader - https://acretrader.com/

• Zoetis - https://www.zoetisus.com/

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Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

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Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano