Re: Farm guys
[Re: Diggerman]
#6136038
01/23/18 11:09 PM
01/23/18 11:09 PM
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Joined: Dec 2017
Posts: 6,238 Kansas
Pawnee
trapper
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trapper
Joined: Dec 2017
Posts: 6,238
Kansas
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Since the advent of Round up, everyone is an expert crop farmer and it isn't gonna change soon. You will have to "value add" if you want to make money. Think out side the box, organics, new crops etc. Or you can just keep doing the same cause its easy. I don’t agree with the round up part of this personality. I rotate herbicides every year so we don’t get lazy. I’ve tried to do my part against herbicide resistance, but vertical and horizontal integration have been a big part of my family’s success. It’s like the thread on selling fur a couple days ago. Sometimes you have find different markets that other people aren’t about and go after them even if they’re outside your comfort zone. Never be afraid of going BROKE if you give it 110%
Last edited by Pawnee; 01/23/18 11:09 PM.
Everything the left touches it destroys
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Re: Farm guys
[Re: clulay21]
#6136175
01/24/18 12:49 AM
01/24/18 12:49 AM
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Joined: Dec 2017
Posts: 6,238 Kansas
Pawnee
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trapper
Joined: Dec 2017
Posts: 6,238
Kansas
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Farming is one of the most government subsidized occupations in the United States. What!! I don’t think you are very informed. My property taxes out do any thing I get from the government 3 to 1. Ask the windmill, solar panel, pro sports, & oil guys (and by the way I love the oil guys) what tax breaks and subsidies they get. If it was up to me my farm would get ZERO. I need crop insurance so I have to sign up for the farm program by law. And yes crop insurance is subsidized also, but government has got involved in every aspect of trade from embargo’s, trade deals, and tariffs so it’s fine by me. Free trade and fair trade is how it’s supposed to work. Not government intrusion. Capitalism works every time if its left alone.
Everything the left touches it destroys
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Re: Farm guys
[Re: bblwi]
#6136181
01/24/18 01:03 AM
01/24/18 01:03 AM
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Joined: Dec 2017
Posts: 6,238 Kansas
Pawnee
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trapper
Joined: Dec 2017
Posts: 6,238
Kansas
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Yes there are probably a couple hundred thousand farmers who are millionaires and most of those are 2-4 generation operations which means it could have taken 30-100 years to become that wealthy. Also in reality you would need to be a millionaire or have the leverage to get a 500k loan to buy the inputs to plant even a thousand acres. Not many even very large farms have a couple million laying around in a check book to buy a million or so in crop inputs.
As I keep in the loop I was talking with some lenders and one institution which has a very large farm portfolio has 60% of their clients on interest only so all is not sunny in Paris. I worked with farmers all my life and yes they will haggle with you on everything, many times it is about the only discussion some of the more interverted ones carry on.
Bryce Thanks. When I go to bed every night I’ve got millions & I mean millions of dollars of cattle, land and my house on the line. It can all be gone tomorrow. It started with my GGgpa and I’ll work myself to death so my boys can have it. We work 7 days a week 300+ hours a month all year long to make a living for us and 20 employees and there families. We stop on Wednesday night for bible study and Sunday morning for church. I Love it and feel blessed to live in this country
Everything the left touches it destroys
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Re: Farm guys
[Re: Pawnee]
#6136194
01/24/18 01:39 AM
01/24/18 01:39 AM
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Joined: Sep 2016
Posts: 6,648 MB
Jurassic Park
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trapper
Joined: Sep 2016
Posts: 6,648
MB
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Thanks. When I go to bed every night I’ve got millions & I mean millions of dollars of cattle, land and my house on the line. It can all be gone tomorrow. It started with my GGgpa and I’ll work myself to death so my boys can have it. We work 7 days a week 300+ hours a month all year long to make a living for us and 20 employees and there families. We stop on Wednesday night for bible study and Sunday morning for church. I Love it and feel blessed to live in this country
Just gotta work 10 hour days and you make millions and millions? Man, farming is the easiest thing to do to get rich! I’m on the right path! Freedom 35!
Cold as ice!
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Re: Farm guys
[Re: Jurassic Park]
#6136317
01/24/18 08:58 AM
01/24/18 08:58 AM
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Joined: Dec 2017
Posts: 6,238 Kansas
Pawnee
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trapper
Joined: Dec 2017
Posts: 6,238
Kansas
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Thanks. When I go to bed every night I’ve got millions & I mean millions of dollars of cattle, land and my house on the line. It can all be gone tomorrow. It started with my GGgpa and I’ll work myself to death so my boys can have it. We work 7 days a week 300+ hours a month all year long to make a living for us and 20 employees and there families. We stop on Wednesday night for bible study and Sunday morning for church. I Love it and feel blessed to live in this country
Just gotta work 10 hour days and you make millions and millions? Man, farming is the easiest thing to do to get rich! I’m on the right path! Freedom 35! That millions is unpaid loans Jurassic not profit. If all the bills are paid for the year and we break even we are blessed.
Everything the left touches it destroys
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Re: Farm guys
[Re: tomahawker]
#6136389
01/24/18 09:55 AM
01/24/18 09:55 AM
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Joined: Apr 2014
Posts: 1,217 ND
JMF
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trapper
Joined: Apr 2014
Posts: 1,217
ND
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Typical tman posts. Bunch of I talked to guy hearsay, well my neighbor says, and I caught a coyote or two now I'm qualified to tell others how it's done nonsense. To the boots in manure farm boys and girls out there keep your heads up, your belt tight, and your powder dry. X1000
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Re: Farm guys
[Re: bowman814]
#6136598
01/24/18 01:25 PM
01/24/18 01:25 PM
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Joined: Jan 2014
Posts: 402 South Central, MN
Blindsniper
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trapper
Joined: Jan 2014
Posts: 402
South Central, MN
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It's a been a tough road farming here for a LONG time. When we did have the high prices, several years back, we produced very little due to preventative planting, drought, flooding and early frost. It was a 3 years in a row gut punch. Prices crashed and thankfully my production has come back to at least normal to my best ever. But those 3 years have left their mark. Combined with the current market state and it's been devastating. I've cut just about everywhere I can. My goal has been to break even on the farm during this low price period. I've been fairly close overall. The problem has been the cost of living. That isn't figured into farming expenses. I have a big family and that cost isn't something that you can make disappear. But we've done what we can to mitigate it as much as possible. My wife and I created a good online business that helps a great deal. We are driving new vehicles, but it's because the OL business pays us to do so. We go on trips all over the place, but they are paid for from the other business. Does it make up for all the losses? No. But I have an 8 person family I've even went a year with no fertilizer. I had fertility built up were I could get away with it once. I'll have to pay the piper sooner or later, but you gotta do what you gotta do to make the bank happy. In this location we have limited options available. We could grow something else, but we have no delivery point that makes any of them viable. I do as much work as I can, equipment isn't getting the inspections like they normally would, I'm selling equipment that I rarely use, I'm selling off assets that I don't absolutely need, I've worked closely with the bank to make them as happy as I can. (They know times are tough, so no point in hiding it or shying away from the conversations) It will get better! All we can do is hold our breath and know that when it does, it is going to take years to unbury ourselves. I'm the 5th generation to work our farm and I'm not so sure I want there to be a 6th. I don't want my son to ever have to go through this!
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Re: Farm guys
[Re: Blindsniper]
#6136666
01/24/18 02:42 PM
01/24/18 02:42 PM
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Joined: Dec 2017
Posts: 6,238 Kansas
Pawnee
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trapper
Joined: Dec 2017
Posts: 6,238
Kansas
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Your right blindsniper, things are tough and they will get better. It could be A LOT worse we could have had bad weather low prices AND Nurse Ratched (Hillary) as president.
Everything the left touches it destroys
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Re: Farm guys
[Re: bblwi]
#6136683
01/24/18 02:54 PM
01/24/18 02:54 PM
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Joined: Nov 2014
Posts: 1,371 Texas
jtg
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trapper
Joined: Nov 2014
Posts: 1,371
Texas
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You got that right. The sad thing is the kids do not want to take on the hard work of owing a farm. 7 days a week 365 days a year is hard for most people to stomach. Throw in all of the regulations and the hard time finding help, I don't blame them. The reward is the land and working outside and the strong mind and body. I would not trade it for anything. There are close to 11 million millionaires in the USA as of 2016 there are only 2 million farmers so even if all farmers were millionaires that leaves 9 million others that are not farmers. Based on over 40 years associated with teaching and financial management in agriculture I know that most are not. There are many other faster and better ways to become wealthy.
Bryce
Last edited by jtg; 01/24/18 02:56 PM.
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Re: Farm guys
[Re: bblwi]
#6136772
01/24/18 04:32 PM
01/24/18 04:32 PM
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Joined: Dec 2012
Posts: 6,569 Wi.
Diggerman
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Joined: Dec 2012
Posts: 6,569
Wi.
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Read up a lot about organics as the dairy organic market has taken a 9% loss in sales volume the last year which is a huge loss. Local food production is gaining more in sales and value than organic. Raising crops, vegetables, eggs, meat in more traditional ways not using chemicals or in a "natural" way is gaining more value than organic is in our area.
Bryce Its all marketing. The organic dairy coops brought on too many dairies too fast, it will work out. " natural" is good, but only organic is "certified" and can be sold or advertised as such. Also it is not just "organic", it is organic AND sustainable.
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