Farm4Profit Podcast

We're sharing with you conversations from the National Farm Machinery Show. First we talk with Bill Dickhut from Geringhoff about how they are managing to source their materials in the current environment. Then we have a great discussion with Todd Hultman from DTN about where the commodity markets are and what we might be facing in the future Want Farm4Profit Merch?  Custom order your favorite items today! https://farmfocused.com/farm-4profit/   Don’t forget to like the podcast on all platforms and leave a review where ever you listen!   Website: www.Farm4Profit.com Shareable episode link: https://intro-to-farm4profit.simplecast.com Email address: Farm4profitllc@gmail.com Call/Text: 515.207.9640 Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw Follow us on TikTok: https://www.tiktok.com/@farm4profitllc  Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

We smash two interviews together to feature the tractor pulling industry. First we hook up with Kyle Zarate to learn about the behind the scenes of tractor pulling and how the community of pullers are like family. We then connect with Loren and Dalie Paulsen the father/daughter duo of the Deere Commander pulling team! Want Farm4Profit Merch?  Custom order your favorite items today! https://farmfocused.com/farm-4profit/   Don’t forget to like the podcast on all platforms and leave a review where ever you listen!   Website: www.Farm4Profit.com Shareable episode link: https://intro-to-farm4profit.simplecast.com Email address: Farm4profitllc@gmail.com Call/Text: 515.207.9640 Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw Follow us on TikTok: https://www.tiktok.com/@farm4profitllc  Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Comments courtesy of Jeremy DavisFor those who ask: “Why does Ukraine matter?"This is why Ukraine matters.It is the second largest country by area in Europe by area and has a population of over 40 million - more than Poland.Ukraine ranks:1st in Europe in proven recoverable reserves of uranium ores;2nd place in Europe and 10th place in the world in terms of titanium ore reserves;2nd place in the world in terms of explored reserves of manganese ores (2.3 billion tons, or 12% of the world's reserves);2nd largest iron ore reserves in the world (30 billion tons);2nd place in Europe in terms of mercury ore reserves;3rd place in Europe (13th place in the world) in shale gas reserves (22 trillion cubic meters)4th in the world by the total value of natural resources;7th place in the world in coal reserves (33.9 billion tons)Ukraine is an important agricultural country:1st in Europe in terms of arable land area;3rd place in the world by the area of black soil (25% of world's volume);1st place in the world in exports of sunflower and sunflower oil;2nd place in the world in barley production and 4th place in barley exports;3rd largest producer and 4th largest exporter of corn in the world;4th largest producer of potatoes in the world;5th largest rye producer in the world;5th place in the world in bee production (75,000 tons);8th place in the world in wheat exports;9th place in the world in the production of chicken eggs;16th place in the world in cheese exports.Ukraine can meet the food needs of 600 million people.Ukraine is an important industrialised country:1st in Europe in ammonia production;Europe's 2nd’s and the world’s 4th largest natural gas pipeline system;3rd largest in Europe and 8th largest in the world in terms of installed capacity of nuclear power plants;3rd place in Europe and 11th in the world in terms of rail network length (21,700 km);3rd place in the world (after the U.S. and France) in production of locators and locating equipment;3rd largest iron exporter in the world4th largest exporter of turbines for nuclear power plants in the world;4th world's largest manufacturer of rocket launchers;4th place in the world in clay exports4th place in the world in titanium exports8th place in the world in exports of ores and concentrates;9th place in the world in exports of defence industry products;10th largest steel producer in the world (32.4 million tons).Ukraine matters. That is why its independence is important to the rest of the world--and this also explains why Putin wants to control Ukraine.  Want Farm4Profit Merch?  Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: Farm4profitllc@gmail.comCall/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Welcome to a Farm4Fun episodeRemind people to hit SUBSCRIBE – REMEMBER TO LEAVE REVIEWSShare their ideas at farm4profitllc@gmail.comThe listener review today is brought to you by BW Fusion. They are combining best-in-class products along with BW 365 soil / tissue program, provides growers the tools and resources necessary to identify limiting factors and address them accordingly in real-time with results-focused interventions, to maximize yield potential and ROI. Commercial – John Deere –Middle Commercial – Geringhoff https://aei.ag/https://aei.ag/podcast/ Want Farm4Profit Merch?  Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: Farm4profitllc@gmail.comCall/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Welcome to a Farm4Fun episode Remind people to hit SUBSCRIBE – REMEMBER TO LEAVE REVIEWS Share their ideas at farm4profitllc@gmail.comThe listener review today is brought to you by BW Fusion. They are combining best-in-class products along with BW 365 soil / tissue program, provides growers the tools and resources necessary to identify limiting factors and address them accordingly in real-time with results-focused interventions, to maximize yield potential and ROI. Commercial – John Deere –Middle Commercial – Geringhoff Guests @farmomnom & @sexysteve32 Want Farm4Profit Merch?  Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: Farm4profitllc@gmail.comCall/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We apologize for the technical difficulties for the show notes this week.Thank you for sharing the podcast.  Please don't forget to check out our partners: BW Fusion, John Deere, and Geringhoffhttps://drrichardsmith.com/   Want Farm4Profit Merch?  Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: Farm4profitllc@gmail.comCall/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Welcome to a Farm4Fun episode (Airing 1/31)Remind people to hit SUBSCRIBE – REMEMBER TO LEAVE REVIEWS Share their ideas at farm4profitllc@gmail.comThe listener review today is brought to you by BW Fusion. They are combining best-in-class products along with BW 365 soil / tissue program, provides growers the tools and resources necessary to identify limiting factors and address them accordingly in real-time with results-focused interventions, to maximize yield potential and ROI.Jayson Young – Awesome show!  Love Listening to you guys – Kudos from IndianaCommercial – John Deere – written 2 minute ADMiddle Commercial – Geringhoff – requested to say the company name 3 times during the showMaster Pipe Layer Randy – Millennial Farmer ZachWhere are they from?Tell us a little about your family….husband, kids…etc…Any Hobbies or collections?HuntingPhotographyWhat do you like doing in your spare time?Any bad dating stories?What is your biggest pet peeves?What do your wives find the most annoying?What’s your inspiration to keep doing this?How do you feel about 2nd chances….Who is/was the coolest person you met along the way?Social and Personal Barriers – work vs playWhat do you want to be remembered about you?What is a message you’d like to give directly to your followers?What's the weirdest thing a fan has ever done for you? What’s next? – Any big projects coming up!?Do you have a boat?What would you name your boat if you had one?What is the dumbest way you’ve been injuredWhere is the worst smelling place you’ve been? Larger Discussions – SegmentsRant Reminder – all the likes and love but no follow “The Hardest Working Farmer’ – what do they get?New Year New QuestionWhat do you know now that you wished you would have known when you were younger or just sooner in general? Want Farm4Profit Merch?  Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: Farm4profitllc@gmail.comCall/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Introduction (Recording 1/10) (Airing 1/24)Thank you for listeningFarm4Profit episode vs Farm4Fun EpisodeThank you again for suggesting topics for us to talk about on the podcast and keep them coming.  Send those to farm4profitllc@gmail.com or find us all over social media.We greatly appreciate your help in growing our audience.The listener review today is brought to you by BW Fusion. They are combining best-in-class products along with BW 365 soil / tissue program, provides growers the tools and resources necessary to identify limiting factors and address them accordingly in real-time with results-focused interventions, to maximize yield potential and ROI.Robert Bray – Listened to all your episodes and they are quite entertaining!YOU can now review us on Spotify!Commercial: John DeereWhat’s Working in AG (Geringhoff)Craig Lee – Director of Sales for North AmericaAdaptive Flex Technology (AFT) is our newest corn head specially designed for harvesting in terraces and hilly terrains. The AFT head has a pivot point in the center of the frame that gives farmers the flexibility to adapt their corn head to the contours of the land while maximizing yield potentials in difficult landscapes.The AFT is specially designed for maximizing yield potentials when harvesting corn in terraces and hilly terrains.Flex range ± 8 degrees12 row head = 50” total flex range16 row head = 68” total flex rangeAdaptive Flex Technology (AFT) is offered with NorthStar, NorthStar XDC, and Rota Disc processingGeringhoff.  They are head of the class no matter the crop and product to be the anchor partner of the Farm4profit PodcastPART 2 of Our #1 most requested topic – The field tile exploration (Does it always pay?)We will see how this goes as it might become a multi-part episode2nd show – Randy Nessman - master pipe layerRandy manages a drain tile company currently after working in dairy farming, custom harvesting, spraying, fertilizing, and even building grain handling equipment.  At 19 years old, he joined the local fire department. Giving back to his community is second nature to Randy. Randy relies on this variety of experience when he co-hosts "Off The Husk", a podcast started in October of 2019 with a mission to become a national voice for agriculture. When he’s not working, he spends time with his wife and two boys.Refresher…….What is drainage tile?Drain tile is a system of pipes with perforations or holes that channels water away from intended areasField tile is tubing, or pipe buried in the ground to convey subsurface water to an outlet such as a stream or ditchUses Outlets and inlets strategicallyWhy do we install drainage tile?The purpose of subsurface drainage is to lower the water table in the soil. The major reason for installing subsurface drainage is to improve the productivity of the farmland.  Higher yields translate into more returns. Tile is not a luxury, it’s a necessityIs this trueEverywhere?How does tile help the customers you work with and your family?Do you know of tile being used in southern regions?Used with orchard cropsUsed in connection with irrigationVarious types of tiling patternsTile drainage should be designed so the water table between tile lines can be lowered within 24 hours after a rain to a level that will not cause crop injury.  The herringbone system (b) consists of parallel tile laterals that enter the main at an angle, usually from both sides. This system is used for long, relatively narrow wet areas such as those next to flat drainageways. The parallel or gridiron system (a) is similar to the herringbone system except that the laterals enter the main from only one side. This system is used on flat, regularly shaped fields with uniform soil types. The double-main system (c) is a modification of the gridiron and herringbone systems. It is used where a depression, which is frequently a natural watercourse, divides the field. A random system (d) is used where the topography is undulating or rolling and contains isolated wet areas. How do you know what style of tile pattern to use on your farm?Who helps with this?Can you pre-plan and install later?Iowa has prairie potholes with very little slope What Software is used – are there different kinds?How are things mapped, planned out, how accurate is this?Various installation methodsPlowTrencherExcavatorAre there any benefits to one over the other?Could they all be necessary for one job?Covid-19 causing supply chain issues?Tile?Connectors?Other?Transportation delays?Tile Drainage Inspection and Maintenance – if we have tile what should we be doing to make sure we maximize that investment?You should inspect your tile drainage system regularly and conduct maintenance when required.  Prompt repair of any drain failure will keep the system in working order and prevent permanent damage to the entire system.1)  Inspection – Subsurface drainage systems do not require extensive maintenance, but the maintenance that is required is extremely important. If subsurface drains are working, water will stand in the field for only a short time after a heavy rain. If water stands for a few days, the drain may be partly or completely blocked.2)  Cleaning outlet ditches – Many subsurface drainage systems fail because outlet ditches are blocked. If the outlet ditch is filled with sediment, a survey should be conducted to determine the extent of the cleanout work.3)  Cleaning surface inlets – Poorly constructed surface inlets are subject to severe damage and require frequent repair. Inlet covers often become sealed with trash and should be checked frequently.  Clean the covers after a heavy rain and replace them carefully.4)  Repair blowouts – Holes that have developed over subsurface drains should be repaired at once.  Otherwise, large amounts of soil may wash into the line and block the entire system.5)  Remove sediment – Sediment traps can be used for subsurface drains laid in fine sand or silty soils.  If cleaned regularly, traps keep soil from filling the lines.6)  Protect drain outlets – Gullies commonly form at unprotected outlets of subsurface drains. Gullies may damage the field, silt up the drainage ditch and reduce the flow of water from the subsurface drain.7)  Control rodents – A flap gate or fixed pin guard can be used to prevent rodents and other small animals from entering and blocking outlets.8)  Control tree roots – Trees such as willow, elm, soft maple, cottonwood and other water-loving trees within approximately 100 feet of the drain should be removed. A clearance of 50 feet should be maintained from other species of trees.9)  Ochre accumulations in the drain – Ochre, which is an iron oxide, may block the drain when iron in solution moves from the soil to the drain and accumulates.Value of farmlandWith a little tileWith patterned tileWith tile mapsTips to keep multiple copies of the maps.Lock boxFiled in the abstractHome recordsWith a tile allowanceHas this ever been done? Sold saying they have a retained with a tile guy and new owner picks how its done?Any other info?“Our firm completes many farmland appraisals in Illinois. We have seen the value differences and sale price differences between poorly drained farms and farms with typical, average drainage (all with similar Productivity Indexes of 138 and above) vary by as much as 20%. Differences of up to $2,000 are not uncommon in the current market. If you can tile for $1,000 per acre and erase the $2,000 value difference, it is well worth the investment. On the flipside, if you can buy the wet farm for $2,000 per acre less than similar farmland and tile it for $1,000 per acre, you have a good investment.”Any other comments or items you’d like to bring up and share?What do you know now that you wish you would have known sooner?SummaryChallengeReminder to like, rate, and review.  Please don’t hesitate to share the “Mullet of Podcasts” with your friends.  We look forward to sharing more time with you next week on our Farm4Fun EpisodeWe will be in Louisville for the National Farm Machinery Show as the Sukup Booth Want Farm4Profit Merch?  Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: Farm4profitllc@gmail.comCall/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Welcome to a Farm4Fun episode Remind people to hit SUBSCRIBE – REMEMBER TO LEAVE REVIEWS Share their ideas at farm4profitllc@gmail.comThe listener review today is brought to you by BW Fusion.  We love it when our partners come back for more.  We know that is only because of how awesome our listeners are and we want to recognize you by reading one of your reviews.Easter_Iowa_farmer – DM - Just started listening to the podcast, Keep’em comin!Don’t forget to check out www.bw-fusion.com for all your micro-biological needs.Commercial – John Deere – written 2 minute ADMiddle Commercial – Geringhoff – requested to say the company name 3 times during the show@JLazySAngus – Chyenne SmithWhere are they from?Carmen, IDTell us a little about your family….husband, kids…etc…Any Hobbies or collections?HuntingPhotographyHow do you get started ranching from nothing?Degrees not in ranchingAlcoholic war Vet Buying his placeOwn it all or lease too?Vermeer dealershipFamily RanchEveryone has a role?Did COVID affect your?Weather challenges?Main ConversationSocial and Personal BarriersStalkingStalker is now deadSocial Media to connect and promote AGDamaging wordsFeeling aloneStronger together – speak upTaking to a virtual community over a local one – why?How do you feel about 2nd chances….3rd chances etc…Who is/was the coolest person you met along the way?How do people follow you?  What social media platforms?Larger Discussions – SegmentsBest Christmas present you’ve ever received?New Year New QuestionWhat do you know now that you wished you would have known when you were younger or just sooner in general? Want Farm4Profit Merch?  Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: Farm4profitllc@gmail.comCall/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Introduction (Recording 12/31) (Airing 1/10)Thank you for listeningFarm4Profit episode vs Farm4Fun EpisodeThank you again for suggesting topics for us to talk about on the podcast and keep them coming.  Send those to farm4profitllc@gmail.com or find us all over social media.We greatly appreciate your help in growing our audience.The listener review today is brought to you by Geringhoff.  They are head of the class no matter the crop and product to be the anchor partner of the Farm4profit Podcast@WParkinson4 ***** – I really enjoy the podcast.  Ya’ll are in the top of my que when a new one comes out.YOU can now review us on Spotify!Commercial: John DeereWhat’s Working in AGBW Fusion – Brody Benton1 – What did you see working well for growers in 2021?CornBeansArea Specific?2 – What didn’t work well?3 – What should our listeners be thinking about this time of year?Our #1 most requested topic – The field tile exploration (Does it always pay?)We will see how this goes as it might become a multi-part episodeThere are more than six million acres of cropland in Iowa where wetness limits productivity. Slightly more than half of the 375 different soils series mapped in Iowa have problems with excess water. The drainage of farmland is obviously important for improving the productivity of Iowa agriculture. Based on the large number of acres susceptible to excessive wetness and the yield response from removing this wetness, farmers and landowners are becoming increasingly interested in drainage. AND that’s just Iowa……..!The two major methods of farmland drainage are surface drainage where standing water is removed using surface ditches and subsurface drainage where excess water is removed through a system of underground drainage tiles – that is what we are going to focus onJoel Hayes – He and his brother run Hayes Bros Drainage in Grundy County Iowa and have been in business since 2009.  They have covered most of the state of Iowa during their time in business.Their dad/family also farms around 3500 acresJoel Lange - @centraliowa_rainage  - Joel and his family own and operate Central Iowa Drainage in Guthrie County Iowa where they have been farming since 2012.Joel’s family moved their entire farm from O-Neill Nebraska to Iowa in 2012General QuestionsWhat is drainage tile?Drain tile is a system of pipes with perforations or holes that channels water away from intended areasField tile is tubing or pipe buried in the ground to convey subsurface water to an outlet such as a stream or ditchWhat are outlets?The structures used to control the minimum elevation at which water leaves the drainage tile, which in turn controls the maximum elevation of the groundwater table in the area drained by the tile system to which the outlet control structure is attached.What are inlets?Purpose: A common practice that is used to. drain farmed depressions is a tile riser, which is essentially a pipe that acts as a direct conduit for water from the field to the receiving ditch or stream. A blind inlet or French drain is used to filter at least sediment from the water that is drained from the field.Why do we install drainage tile?The purpose of subsurface drainage is to lower the water table in the soil. The water table is the level at which the soil is entirely saturated with water.  The excess water must be removed to a level below the ground surface where it will not interfere with plant root growth and development. The major reason for installing subsurface drainage is to improve the productivity of the farmland.  Higher yields translate into more returns. This is especially true in recent years due to higher grain prices. So the investment decision is based on whether the higher crop returns will justify the investment in subsurface drainage.Types of tilePerforatedSolidComes with socksHow long is tile good for?When does it need replaced?Useful life of clay tileWhen was plastic first installedIs that plastic technology improved for today?Is there a right time to install tile?Always….Is there a wrong time to install tile?Reasons to tile when inputs are highWe want to put tile in….how do we get started?Prepare a planContact the USDA for approval – starts at the FSA officeWhat are recommended best practice steps to take?Mistakes to avoid?If it’s hard to expand your farm by buying high priced ground or renting more ground, how can tile help improve your bottom line?Tiling for a tax deductions…..does this work?Better than equipment purchases?Any specific tile tax breaks?Figuring out return on investment on tileCan you believe the information coming from tile guys? – Do they just want to sell more tile?Are there other resources to use? ISU Ag Decision MakerThe most difficult part of computing a tile investment analysis is estimating the yield response from the improved drainage. The size of the expected yield improvement dramatically impacts the economic feasibility of installing tile drainage, as shown in the example below.Example:A 10 bushel per acre yield response from corn and a 4 bushel per acre yield response from soybeans will provide an average annual return of $35 for corn at a price of $3.50 price ($3.50 x 10 bu. = $35) and $36 for soybeans at a price of $9 ($9 x 4 bu. = $36). If the yield responses are 20 bushels for corn and 8 bushels for soybeans, the returns are double.Estimating future returnsIn the analysis above we assumed that the annual income stream will stay constant throughout the entire life of the tile. However, this may not be the case. Corn and soybean yields have increased over recent decades as shown in Figure 3. Corn yields have increased by 2.4 percent and soybean yields by 1.8 percent per year since 1980. Most experts expect this trend to continue, if not increase. The impact of trend yield increases over the life of the tile drainage can be substantial.Tile Investment StrategiesA variety of investment strategies have emerged for the installation of tile drainage.  Some of these are based on installations over a period of time.  Others are investment arrangements between tenants and landlords on rented land.1)  Install subsurface drainage on the entire field With this strategy, the decision is made to install drainage tile on the entire field or farm.  Bids and designs are obtained from various tilers, and the decision is made to move forward with tiling the entire field or farm. 2)  Design the entire drainage system but install over a period of years – This is similar to the strategy above in that the drainage system for the entire field or farm is designed up-front.  However, the actual investment and installation of tile drainage is spread over a period of years, often as income becomes available.3)  Invest a fixed amount of money in drainage With this strategy, the investment decision is based on spending a fixed amount of money on drainage.  The system is then designed to get the most drainage benefit from the limited amount of money.  Although this may optimize the benefit from the investment, it often leads to a “patchwork” system as subsequent investments are made over a period of years and does not provide for the best overall drainage system.Landlord/tenant strategies 1)  Landlord Investment Strategy – The traditional landlord/tenant investment strategy is for the landlord to make the tiling investment and charge the tenant a higher cash rental rate.  The higher cash rental rate is due to higher yields achieved from the drainage and provides the landlord with a return on his/her tiling investment.The additional cash rent can be computed from the estimated increase in net return from tile installation. For example, if the cash rental rate is currently based on the typical rate in the local community, the new rate will be the typical rate plus the additional net return from the estimated increase in net returns from drainage.The additional cash rent can be computed based on a fixed rate of return from the tile investment.  For example, if the tiling investment is $500 per acre and a rate of return of 8 percent is desired, the additional cash rent is $40 per acre ($500 x 8% = $40).  If the cash rental rate is currently based on the typical rate in the local community, the new rate will reflect this typical rate plus $40.2)  Tenant Investment Strategy – The tenant makes the tile investment on the landlord’s farm. Because the landlord makes none of the investment, the cash rental rate does not increase due to the increase in productivity. The additional net returns go to the tenant as compensation for the tiling investment. A major concern for the tenant is whether he/she will have access to the land for a long enough period of time to justify the capital investment. One approach is to enter into a long-term lease between the two parties. However, individuals often do not want to lock themselves into a lease for this length of time.  In Iowa, farm leases of five or more years in length must be recorded and multiple-year leases may not exceed 20 years.Another option is to continue with one year leases but execute an ancillary contract dealing specifically with the tiling. Under this contract the tenant receives a pro-rata buyout of the tiling investment from the landowner if he/she ceases to rent the farm during the lifetime of the tile.For example, assume the tiling investment is $400 per acre and the life of the investment is 20 years. If the tenant ceases to rent the land after five years, he/she receives a payment of $300 per acre. Leaving after 15 years results in a payment of $100 per acre and after 20 years there is no payment.The length of the buyout period is negotiable between tenant and landlord. The buyout payment can be made by the landlord. An alternative is for the new tenant to make the buyout payment to the tenant that is leaving and take over the remaining life of the contract.3)  Shared Investment Strategy – The landlord and tenant share the tiling investment and use a crop-share lease. The investment is shared in the same proportion as the crop is shared in the leasing arrangement (e.g. 50/50). With this arrangement, each party receives the additional net returns in the same proportion as the investment. An arrangement is made where the tenant will receive a prorated buyout if he/she leaves the farm before the useful life of the tile is expended. An alternative is for the landlord to make the investment and modify the crop share lease provisions to reflect the change in contribution.Cost share programs?Tied in with bio-reactors?Payment plans? Any other comments or items you’d like to bring up and share?What do you know now that you wish you would have known sooner?SummaryChallengeReminder to like, rate, and review.  Please don’t hesitate to share the “Mullet of Podcasts” with your friends.  We look forward to sharing more time with you next week on our Farm4Fun Episode. Want Farm4Profit Merch?  Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: Farm4profitllc@gmail.comCall/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.