Succeeding Despite A Consolidating Ag Customer Base | Damian Mason
Damian Mason - The Business of Agriculture
•
53m
Fact: There will be fewer American farmers ten years from now than there are today. In no way is this meant to be fatalistic or negative, it’s just reality. “Peak farm” occurred in 1935 with 6.8 million farming operations in the U.S. The number has been declining ever since to two million farming operations today. Of those two million operations, about 175,000 do almost all the heavy lifting of food production and farm the vast majority of acres. That number is expected to drop as farm consolidation continues. Facing this reality, what strategies should be employed to succeed if your customers are farmers and each year there will be fewer of them? Joel Farley and Eric Lohse of Midwest Ag Advisors discuss their business and what they’re doing to expand in the face of Ag consolidation.
Sponsored by:
Pattern Ag https://www.pattern.ag/
AGvisorPRO https://getagvisorpro.com/
Truterra https://www.truterraag.com/
Up Next in Damian Mason - The Business of Agriculture
-
Depreciating A Farm’s Fertility To Lo...
When you think of buying a piece of farm ground, you probably think of the very real possibility that the soil is depleted. But what if it’s got more than enough fertility and what if you can actually use that banked fertility to lower your taxes? Turns out, per IRS Section 180, you can depreciat...
-
Are These Good Times for Real, And fo...
Much of American Agriculture is predicted to have a prosperous 2023. But there are concerns. Commodity prices are high but so are inputs. Exports set a record last year but geopolitical strife is simmering on the verge of boiling over. What’s the future hold for Ag? Arlan Suderman, Chief Commodit...
-
Online Ag Input Retailing — Is This W...
The Amazon effect is coming to Agriculture. In fact, it’s already here. If you need something on your farm, chances are you can order it up on your smart phone and have it by the end of the week. Even chemicals, seed, and fertilizer. But will Ag retail go away? Not likely, given the proximity, re...
