Farm4Profit Podcast

IntroductionThank 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.Remind the listeners how we do a profit show one week and a fun show the nextShare our favorite episode from 2020 (or two)CommercialFlyingAg – Drone Kits (2nd of 5)www.flyingag.com – FARM4PROFIT for free battery with your orderWhat’s Working in AGZach Smith – StockCropper - https://thestockcropper.com/1 – What is Stock Cropping?Stock Cropping is a dynamic farming system that that combines livestock and crop production in the field at the same time so that multiple species of plants and livestock can coexist. This allows to grow healthier animals, healthier soils, and a lower carbon footprint.2 – How do you accomplish this?We plant strips of corn and soybeans with pasture. We graze the pasture strips with multiple species of livestock in a mobile barn that autonomously moves through the strips daily throughout the season.  The animals consume our diverse pasture mix while stimulating the soil with their hooves, snouts, beaks, and microbiomes, leaving behind a rich mix of manure to feed the soil. The row crops grown in between the pasture strips benefit from this arrangement by having more access to sunlight up and down the plant canopy.  We do all of these things while giving consumers a front row seat to the show with our webcams and livestreams so they can see and participate with the production of their food. 3 – What’s the Benefit of farming this way? The end result is a diverse high quality mix of animal meats that we market and sell directly to consumers through various creative avenues allowing farmers to maintain profitability driving the sustainability of rural communities.4 – What did you learn from your first season?5 – What is your goal for the StockCropper in the future?Main Topic2020 Market Wrap Up – Two Outstanding ExpertsGreg Peterson has over 25 years of experience in the machinery business. His website, MachineryPete.com, is the premier, online destination for farmers and dealers, providing a comprehensive used farm equipment search experience with tens of thousands of farm equipment listings, searchable for free. His auction pricing database totals close to 500,000 auction sale prices on roughly 70 categories of equipment, making it the most comprehensive and complete of its kind. He authors regular columns for Farm Journal, Implement & Tractor and Top Producer magazines and blogs on AgWeb.David, World Champion Auctioneer, grew up immersed and involved in agriculture and started his career off by attending Missouri Auction School in 2008. He then acquired his real estate license in November 2010.  He is active in the Realtor Land Institute, National Auctioneer Associations and a number of State Auctioneer Associations. David and his wife Ann run the auction company, “Whitaker Marketing Group”.  In June of 2020, David took on the role of the Area Sales Management position for Farmers National Company.  David is a licensed Sales person in Iowa and Nebraska and currently the Chairman of the Board of the Iowa Auctioneers Association General QuestionsFirst let’s start by comparing last year to this year.  Have there been more or less sales in 2020 than 2019?Have these sales been for more or less money than 2019?What do you think covid has done to the equipment market? land market?What has the election done to each market?Overall do you feel the current market and recent sales are stronger or weaker than a year ago?Why, if not answered before?Is there a sub category that is stronger than others?IE: Quad tracks, JD 1000 series, square flat and black groundWhat is not selling well right now?Who have the sellers been?What has been the method of choice for selling?List, live auction, online auction etc….Who have the buyers been?What do you think the main driver is for these buyers?What’s your favorite part about what you do?When you reflect on successful sales.  Is there something sellers have been doing that has really been working? or set their sale apart from the rest?What is your best advice for a seller?Is there a best time of year to sell?How about flipping the script.  What is your best advice for a buyerBest time of year to buy?Do you have a prediction for 2021?Can be anything - Prices, number of sales, outside of your industry.Who have you met that you most enjoyed because of your profession?What is a common trait or characteristic that you have seen among the most successful people you know?Anything else you’d like our listeners to know?Reminder to share CONTACT INFO and say thank youSummaryChallengeClosing Reminder to like, rate, and review.  Send us your favorite episode from 2020 to help us wrap up the year!   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.

Remind people to hit SUBSCRIBE – REMEMBER TO READ REVIEWS @Deereboy81-TikTok “Podcast is great, very interesting”@iowafarmerblake – TikTok “Great Podcasts! Listened to Tony and Erin Holbert episodes.  Keep them coming!People are creating twitter accounts because of the podcast – so cool!Set up the Drinking Game (Pick a Word) = SNAPCommercial Outback Wrap— Outback Wrap hydraulic hose markers are designed to reduce the frustrations of hydraulic hose handling and identification. Outback Wrap won't fade or become brittle and break off like other tags or identifiers. The second product that we have added is the Hose Tamer. This is an 18” long 40mm diameter wrap that is designed to tame your wild hoses. It can hold up to 14 hoses and can easily be switched between equipment.www.outbackwraps.com – FARM4PROFIT for 20% offStock Rocker – Cam HarstackAll about Cam What do you do for a living?What did you do to get “famous”?  How did you get started on SnapChat?Who was the coolest person you met along the way?Who was the biggest let down after meeting them?How has Covid-19 impacted your business?What is something you are really good at?What have you always wanted to do?Biggest surprise you’ve had in the last few monthsYou’re an influencer – who influences you?How can people get a hold of you?Reminder for:Gift lists from the listeners on the Farm4Profit HomePageLarger Discussions – SegmentsTravis Burkhart - PO Box 1888 Washington, IN 47501Mimicking the sounds of the things around us.When it comes to AG, who is the biggest celebrity Agvocate?(Ex: Tiger Woods = Nike)@rjfran23 Randy Francois Winthrop, IAHow do we get these celebrities to convey positive messages to consumers?Smaller Quick Hit Topics for DiscussionSpeed read out on the side of the combine (IE) weight read out on the side of the grain cart 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.

IntroductionThank 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.CommercialOutback Wrap— Outback Wrap hydraulic hose markers are designed to reduce the frustrations of hydraulic hose handling and identification. Outback Wrap won't fade or become brittle and break off like other tags or identifiers. The second product that we have added is the Hose Tamer. This is an 18” long 40mm diameter wrap that is designed to tame your wild hoses. It can hold  up to 14 hoses and can easily be switched between equipment.www.outbackwraps.com – FARM4PROFIT for 20% offWhat’s Working in AGFlying Ag Drone Supplywww.flyingag.comuse code FARM4PROFIT for a free battery with your order - expires 2/1/2021Main Topic10-31 ExchangesWhen people own property.  What 4 options do they have with that property?What are the benefits of Section 1031?Can anyone use a 1031 exchange?By using 1031 exchange, how could this affect my tax position?We learned in our conversation with the SPA that the Capital Gains tax rate is largely unchanged.  This creates a substantial tax saving opportunity.Example?1031 exchanges can be used for real property only, what does that mean?Can you exchange a farm for an apartment building or a lake house?Rental property, Farms, Office, Retail space, warehouse, mini storage, vacant land, golf course, vacation home, partial interestsOK, so for farms, What all does that include?Livestock buildings, grain bins, tile, timber, pipelines, wind turbines, cell towersYou have our attention.  What does this process look like?QI, identification, acquisition, closingWhat are some examples of how you have seen 1031 exchanges work?What are some common mistakes you have seen to where this won’t work?Or what are pitfalls to avoid?Is there such a thing as a reverse 1031 exchange?How does section 1031 get sticky with related parties?What is a common trait or characteristic that you have seen among the most successful people you know?Anything else you’d like our listeners to know?Contact infoSummaryChallengeClosing Reminder to like, rate, and review.  Send us your favorite episode from 2020 to help us wrap up the year!   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.

Remind people to hit SUBSCRIBE – REMEMBER TO READ REVIEWS Adam Bissell – “Hey Guys! Love the podcast. I am an organic farmer in Central Michigan and get tons of seat time cultivating all summer and your podcast helps me pass the time.  I love all of the guests. Keep up the good work and have a great holiday season!”Set up the Drinking Game (Pick a Word) = cyclonesCarson King @CarsonKing2All about Carson King   Have him tell his story – quicklyWho was the coolest person you met along the way?Who was the biggest let down after meeting them?Where are things at now?What are you doing, how’s the charity?How has Covid-19 impacted your charity/business?You grew up on a farm, remember much about it?Graduated ISU – go clones (fav show Jamie Pollard)Cats or Dogs?Names? – Theme?What is something you are really good at?What have you always wanted to do?Biggest surprise you’ve had in the last few monthsYou’re an influencer – who influences you?How can people get a hold of you?Reminder for:Black Friday/Cyber Monday lists from the listenersOver 30 responsesLink to the list on Farm4Profit homepageWalkabout Mother Bin Commercial – Cost $150,000 recoup in 2-3 seasonsPolar vortex coming 1st of the year – BAMWXSelf-Serve Meat counterElf on the Shelf ideas 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.

The tax planning habits of elite farmers? www.granular.ag - free DEMOwww.farm4profit.com - gift guidewww.walkaboutmotherbin.com - to learn more!IntroductionWhat’s happeningCommercial (one minute)Walkabout Motherbins The Walkabout Mother Bin is an essential piece of harvest equipment offering a large, portable grain storage solution (4,000-bu capacity) and a 22″ Elmer’s unload auger.When in operation, the Walkabout Mother Bin allows the combine to run continuously, eliminating the need to stop and unload. Keep the combine running. Reduce trucks, labor and grain cart cycle times.Has the ability to blend grain with front and rear flow gates.The Mother Bin will allow you to keep up if you are not keeping up in your current harvest situation or if you are keeping up it will allow you to reduce your machines, trucks and labor.What’s working for Ag – GRANULAR (20 minutes)Profitability is the primary goal of all business ventures. Without profitability the business will not survive in the long run. So measuring current and past profitability and projecting future profitability is very important.Whether you are recording profitability for the past period or projecting profitability for the coming period, measuring profitability is the most important measure of the success of the business. A business that is not profitable cannot survive. “ If you aren’t farming for profit, then you won’t be farming for long”To Guest: What ways do you know of farmers monitoring and recordings their profitability and break-even?(1)What could our listeners accomplish by having good detailed records?Making a profitable crop choiceSaving on inputsCompare and or BenchmarkHave speed in decision makingDerechoPurchasesOpportunity ControlClear goalsTask orientedMaking changes on the fly(2) Increasing profitability is one of the most important tasks of business managers. Managers constantly look for ways to change the business to improve profitability.What changes have you seen farmers making to increase their profitability?Variable rate technology/field scriptsAnalyzing delivery locations, dates, basisWatching expenses and invoicesCan Granular’s programs help with this?What are some examples of how Granular can help monitor break even and profit margins?Farm by farm – acre by acre levelsTracking harvestTalks with Deere and othersSchedule tasks for employeesOthers(3) Who should be paying attention or monitoring?Farms of all sizesOwners and employees, who else?Who off the farm?AccountantBankerAdvisors?Can monitoring be used to create incentive packages?If you can track effectively how well your farm is doing.  Could employees be rewarded for doing a good job?Give ownership and develop responsibilityHave any users of Granular used the program for this?Our topic for today is tax preparation.  Is Granular a program that can help with this process?Remind our listeners we have a partnership in place for 10% off up to $1000Taxes ….they still matter A LOT (Kyle Woiwood) Introduce the guest.  Kyle is a Tax Director at LWBJ focusing on tax compliance & consulting. He is a CPA, graduated from UNI in 2011, & has lived in Ames since 2015. He works with many different types of clients & industries, including technology, real estate, ag, & bio-science. He enjoys visiting family and friends, golfing, all whiskey’s, and trying new craft breweries. Why is it important to have a tax planning meeting before the end of the year?When you sit down with a client what is key for the farmer or ag business owner to bring with them to your meeting? Before Year EndAfter Year EndWhy is it important to work with a CPA?What are some of the updates we are facing this year as it relates to ag and ag business?2018 Farm Bill – ARC County/PLC Payments (GI)Market Facilitation Payment (GI)CFAP1 & CFAP 2 Payments (GI)Syngenta Lawsuit Settlement PaymentCrop Insurance ProceedsPPP or EIDL Loans Most farmers work to prepay expenses to help mitigate income levels….As an accountant what is your take on section 179?Can be used for purchases and leasesWhere do you see the tax code for AG headed if the election stands as called?Estate tax, Others, etc….For those who either don’t believe in tax planning, regularly take losses, or who haven’t been tax planning “winging it” what would you say to them or advice you would give them to get started? If a farm operation or farmer is reaching 3-5 years from wanting to retire, what advice would you give to begin working on that plan?Suggestions for transferring assets to the next generationGifting levels? What are some questions our listeners should have prepared for their meetings with their tax preparers?What do you see your top tier of clients doing that your believe got them there or keeps them there.  Both financially and on their farms in general.Are there any other points you’d like to share with our listeners? SummarizeChallengeReminderGranular.ag 10% off up to $1000Outbackwraps.com 20% off your whole order   code FARM4PROFIT 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.

Remind people to hit SUBSCRIBE – READ REVIEWS Katherine Marcano-Bell @LatinaFarmerUSAGive these guys a follow and check out their Podcast!All about Tony Reed – @GrowinCorn2020   What do you like about TikTok?Where did your growth come from?Are you on Parler?Jack Daniel’s has a commercial out now “I’ve always wanted to do that”  What have you always wanted to do?Biggest surprise you’ve had in the last few monthsYou’re an influencer – who influences you?Harvest progress reportBlack Friday/Cyber Monday lists from the listenersOver 30 responsesLink to the list on Farm4Profit homepagewww.farm4profit.com@ConradNoShow – Conrad Smith  Poll about your dominant hand and the hand you wipe with   @benjaminaustic Pastor Ben – wipe left shake hands with right74% Right/Right9% Right/Left9% Left/Left8%  Left/RightDes Moines Register Article about using twitter or social media to predict events like drought – citizen scienceAcetrack News Top List by SoucyBest of Story CountyDavid’s being shut down Rant 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.

IntroReview: Just wanted to shoot you guys a message and thank you all for the podcast. I really enjoy it because it’s so relatable! @LeemsMcGeems. Kris LehmanRemind them to leave reviews on the platform they listen on, message us on social media or send ideas to farm4profitllc@gmail.comWhat’s Working in AG – Walkabout mother bins and Outback Wrapswww.outbackwraps.comDavid Hedt (pronounced head), is an Australian born entrepreneur who has a passion for helping farmers increase their efficiency and profit for their operation. Dave grew up on a farm outside of Dimboola, Victoria in Australia. He became a diesel mechanic and worked with Volvo and Mack Trucks. Coming to the US the first time in 2000 he migrated here permanently in 2012. Building a stripmall in Faulkton, SD and then starting Walkabout Mother bins in 2015.(Item #1)Walkabout Mother Bin is the missing link between grain carts and trucksHelps you keep up with the combine with less labor and trucksLarge portable grain storage(Item #2) Outback Wrap – designed to make farmers lives easier and reduce the frustrations of hydraulic hose handling and identificationSimple to use, no tools required, can be changedReplaces old methods: zip ties, tape, ear tagsColor schemes that work with any color of machineUse Code FARM4PROFIT to get 20% offMain Topic – Using precision agronomy to positively affect your bottom line (VRT and Soil Sampling)Intro: Josh Kayser, a Granular Agronomy CSA in South Dakota is joining today. Josh works with growers and Pioneer seed reps on variable rate seed, N and fertility. He also grows corn and soybeans near Emery, SD with his two brothers and his father. Kayser is also the Mayor of Emery, serves on the board for the Emery Volunteer Fire District and was a former ASA DuPont Young Leader. When not farming, Josh enjoys time with his wife and their four children. BUSY GUY! Josh, tell us a little more about how you got to where you areshare background and how you became CSAWe want to explore more options to help us achieve higher levels of profitability. Do you see the use of our current and developing variable rate technology being a way to do that?Key talking points: VR equates to more profitability by:better optimizing input investments (not over-applying where you don’t have the yield potential, and pushing yield on most productive ground)better accounting for variability within fieldsbeing able to adjust your plans to account for farming variables like weatherWhat goes into the process of getting started or set up to do VRT?Key talking points: overview technology needsoverview who to partner with to get the support/service you needstart with soil samplingset yield goalscreate custom scriptsin-season monitoring/adjustingIs it necessary to do soil sampling to get a good baseline or can you do without?Follow-up Questions: Why do we soil sample anyway?N P K or more? Level up?How often should we be sampling?What time of year should we sample?What’s the best technique of sampling?What determines the size of the sample or area for sample?Have we really reached the point in our advancements with technology where VRT actually works?Key talking points: Flat rate isn’t only uneconomical, it’s not environmentally friendlyAs we look at how farming has changed in recent decades, we’ve transitioned to thinking about our entire farm to really focusing on the fields within the farm. Now, we’re moving towards better managing zones within fields, and in the future we’ll be managing every plant with things like drone application. Technology is allowing us to better manage in-field variables so that we can set yield targets and then put plans in place to achieve them, but it takes a different kind of management than how we farmed in the past. What makes Granular Agronomy different from other precision offerings on the market? Key Talking Points We start by creating what we call decision zones within your field. These zones are comprised of three things: Environmental response units, which take into account your soil type, field elevation, and how the field lays MYYA (Multi-year yield analysis) We utilize multiple years of yield data to determine historical areas of low, medium and high production. This layer intersects the ERUs to provide even greater clarity on yield capability.Irrigation – If a field has irrigation, zones are created to denote irrigated and non-irrigated. Different yield targets can be set accordingly, and irrigated zones utilize user-entered irrigation events, including fertigation We use these decision zones when we come up with N, seeding and fertility recommendations. In addition to these zones, Granular Agronomy works with Corteva and IBM/The Weather Company to look at the past 20 years of weather history. With that, we can run scenarios so that we’re prepared to adjust plans for drought or extremely wet years. I don't just create the rec and walk away. I’m there to partner with growers throughout the season to make sure we’re adjusting to in-season variables. Granular Agronomy has more than 200 CSAs throughout the country to make sure we’re providing the boots-on-the-ground service farmers need Also included with Granular Agronomy is directed scouting from Granular Insights, which is the best satellite imagery on the market. During the growing season, it ranks which fields are changing in terms of plant health the most, so you know where to prioritize scouting efforts. How do Granular Agronomy and Pioneer seed work together? Do you have any good examples of how someone made the transition from not using VRT and now is a believer?Key Talking Points Share one or two first-hand examplesGA has been used on millions of acres in the U.S. On average, the farmers who have used it have:Boosted Profits: $27/Acre returnReduced Inputs: 9 pounds less nitrogen per acreIncreased Yield 6 bu/A increaseWhat would you say to those who don’t think it works?Any stories of mistakes to avoid?Open comments, last thoughts? Go to Granular.ag or your local Pioneer agent to learn more and find your CSASummary.Challenge.ClosingReminder about the partnership to get 10% off up to $1,000.  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. 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Remind people to hit SUBSCRIBE – REMEMBER TO READREVIEWSo Hank Wade. @Henry68157o Long day in the tractor today? Trying to hide from the wifetill she actually calms down? Why not give these guys andgal and listen.... pretty good show!!!!! Drinking Game - Word is Electiono All about Not Quite Brothers Bandwww.notquitebrothers.com@notquitebrotherso How did you get started? Twins?o How many shows a year? COVID hurting this? Favorite venue to play Dream venue to play What makes a gig fun or good?o Favorite song all time to play/singo Where can people find your music?o How do people get a hold of you for reservations? Next shows:o https://www.notquitebrothers.com/ Harvest progress Tim Hammerich posted about moderating zoom chats for the FFAconvention. A couple of the new businesses being presented were:o Custom garden planting I could use harvestingo Forensic entomology research (WTF)o Sunflower Field for Pictureso Floral Therapy It’s not a f-ing race – Corey’s Ranto What about a post-harvest Tweet-Up? David willing to host? 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.

Preparing for Loan Renewal SeasonIntroductionLike, Rate, Review, ShareSubmit ideas to farm4profitllc@gmail.comWhat’s happeningNearing the end of harvest – great stretch of weatherPartnership with Granular.  They have been enjoying our podcasts and wanted to show their support for our show.  I think it demonstrates a commonality with a lot of producers and we appreciate the support from everyone, the listeners and granular.What’s working for Ag – listener or farmer feedback www.granular.agGranularIntroduce Guest - Dallas Welp - CO1) Accurate record keeping2) seamless transfer from my John Deere3) Helps the relationship with the banker VISIONBANK COMMERCIAL www.visionbank.comAre you ready for the next conversation with your banker?Draw nervous comparisons to the meeting with the banker……dentist, wedding day, etc…Start by lightly introducing the format with recording and Jeff Plagge as the superintendent of banking.(Clip @ 5 seconds)Clip @ 2 minute mark – talking about reflecting on the price rallies now and being careful of how we put information on the balance sheet.  How can government payments like CFAP2 help in a cash flow projection?Communicate early and often so there aren’t any surprises for either party.Learn more about what your banker is looking for.  If you learn how to provide the information your banker needs more timely, more organized, and more accurate it should provide a more favorable response.Faster answers because it’s easier and probably gets moved to the top of the list.Better rates because each loan gets a factor for how good of a manager you are.(Clip at 5:35 about restructuring) Is now the right time to look at restructuring?  What does that even mean?Work with them to make sure your information is accurate.  The more you learn about reading a balance sheet or putting a projected cash flow together the better you can spot mistakes.They do happen, don’t let them cost your farm time or money.Should we be refinancing now?  What should we be looking at when refinancing?Where are rates going? (Clip at 11:20)Ok, what if I get to cash in this fall….?  Perfect storm, wind and hail policy in place, possibly unaffected by weather and have the rally to sell into, etc… what should I do with my extra cash that I wasn’t planning on?  (Clip @ 13:40)Keep them honest.  Unfortunately, repetitive relationships get into a rut for pricing, structure, and more.  It doesn’t cost anything to have a relationship with another banker.  Be open and set honest expectations, but those conversations can lead to interest savings, proper structure or new ideas. Summarize Challenge Conference UpdateSubmit questions and topic suggestions 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.

Remind people to hit SUBSCRIBE – REMEMBER TO READ REVIEWS “You better listen, these guys are awesome!”Just now finding the #Farm4Fun podcasts by @farm4profitllc and I am Hooked already @lexiejomooreAll about Ellie Mae   @elliemaemusicHow did you get started?What was it like being on the Voice? #TeamBlakeSeason 17  fall of 2019 (out in 2nd round)How many shows a year?COVID hurting this?Favorite venue to playDream venue to playWhat makes a gig fun or good?Favorite song all time to play/singWhere can people find your music?How do people get a hold of you for reservations?Harvest progressField FiresThe most under-appreciated job in agriculture? (@Henry68157) – Hank Wade Bellvue NebraskaPuts tools back, refills grease gun, cleans shop bathroom podcasters, “The Wife”, The Tire guy, grain cart operator guy that dumps you at the elevator, rendering company turkey inseminator, equipment technicians, fuel delivery the retired guys who you can trust, the mail man “The guys who make shop rags that save you from emergencies that sneak up on you in the middle of the field” What’s the most under-appreciated job in music?Why can’t you get parts from AGI without a dealer?@90tenathletics Cody Bunda – you know you’re from Iowa when you can tell the manure by the smell with your window down.Favorite Halloween Candy – or least FavoriteBraless and flawless – free the nips        @qconnealy19250,000 people donate $1 to buy the family farmSingleSpeed Brewing: Brewery in Cedar Falls and Waterloo ...www.singlespeedbrewing.com The concept for SingleSpeed Brewing was born during one of many Wednesday night group bike rides in which our founder (Dave Morgan) brought up the rear.Plenty of time to think back there apparently. With each ride the vision for SingleSpeed became more clear. Eventually, in Cedar Falls, Iowa, a modest 1700 SF facility, powered by a 3 BBL BrewHouse emerged. Today, our 3 BBL facility serves as our Research and Development center and is still firing out experimental ales. In November of 2016 we brought our 20 BBL brewery online, situated in the historically renovated WonderBread building in the neighboring community of Waterloo, Iowa.While our production capacity has changed, our goal of bringing intriguing, quality ales into your glass has not. We hope you are enjoying your ride as much as we are.Give Back ProgramSwitchback: A term commonly used by outdoor enthusiasts such as hikers, cyclists, and trail runners.Sometimes the incline of the climb is just too steep. In circumstances of this nature, a series of ‘switchbacks’ zig-zagging up the hill can be used to reduce the intensity of the slope, allowing travelers safe passage to the peak.In an effort to help all those embarking on what is intended to be their epic climb to the top, we have established our give back Program and titled it Switchback. 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.