If you’re in farming for the money . . . it’s gonna be a tough life for ya.
However, there is a lot of money to be made when you’re really good at it. The worst markets provide the best opportunities.
In this episode Scott shares six ways you can strategically grow your farm—even during the hard times.
The hardest part of farming by far is navigating the grain markets and making grain sales.
At the end of the day, "Bulls make money, bears make money, but pigs get slaughtered." Choose a side—if you don’t, you’ll be making one of these three critical grain marketing mistakes.
Capital is the lifeblood of business.
A business can't grow without access to capital through debt and equity. Most farms grow and prosper through partnerships with banks and their own wealth, built up over time.
Use the strategies in this episode to improve your working capital position on the farm.
Farmers have mixed perspectives on grain bins.
So many bins have actually cost farmers money, allowing them to make bad decisions in their marketing.
But those big tin cans should actually be huge profit centers for the farmer, if used properly. In this episode, Scott tells you exactly how to use grain bins to gain the maximum profit.
Sometimes, even good seasons hide pitfalls.
During the boom times of $8 corn and $16 soybeans three or four years ago, many farmers offset tax burdens by purchasing machinery and using the section 179 accelerated depreciation. A few of us were a bit too aggressive in doing this and ended up with a little more machinery than we should have...
In this episode, we’ll talk about how to monetize the used machines you have sitting around and have excess money instead of excess equipment.