Finance
Time to put on the accounting visor! Even the simplest operations can have highly complicated budgets. Keeping yours in the black means staying on top of everything, from grain marketing, rebates, and rent to government programs, equipment and product purchases, succession planning, and more.
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Private Equity Focused on Funding Agriculture | Damian Mason
A few years ago, it seemed that capital was on every corner looking for a place to invest. But even in those cash-rich days, not a lot of investors looked at Agriculture as an investment objective — aside from biological crop inputs and technology. Then there is Open Prairie, an Illinois-based pr...
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Myth Buster - My Neighbor Trades Better Than Me | AgrisAcademy
Referencing previous videos, we come back to the conclusion it is highly unlikely that your neighbor CONSISTENTLY sells futures better than you.
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Nugget - Always Deliver On A Contract | AgrisAcademy
Buyers like contracts and so should you. Grain that is sent to the buyer spot and even over fills of contracts often have a lower basis. Make sure you negotiate a basis on all delivered bushels.
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Adding Margin & Diversifying Farm Income via Direct-to-Consumer Ag| Damian Mason
Kelly Garrett is an entrepreneurial farmer from western Iowa. His business interests include farming, trucking, plant food distribution, ag retail, and now: direct to consumer beef. Kelly joins me to discuss the motivation behind creating GLC Beef and the opportunities for increasing profit margi...
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Nugget - Cents Per Bushel Matter | AgrisAcademy
There is no one silver bullet that will improve your merchandising and risk management performance. A series of small gain will add up. The best part is real learning is repeatable year after year!
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Technical Skills - How Prices Are Developed | AgrisAcademy
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Connecting Customers to Markets | Damian Mason
The Business of Agriculture trades commodities. We produce them, buy them, sell them, and process them to make products for our end users. But who does all this trading and who ultimately, uses the goods we make? Dave Smoldt and Kyle Schrad with StoneX Financial give us a behind the scenes look a...
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Record Farm Income 2022 — What It Means & What You Should Do | Damian Mason
U.S. net farm income set a record in 2022, up 14% from 2021 to $160.5 billion. To put it mildly, things in Ag are good financially speaking. 2022’s farm income number is double what it was just 3 years ago during the China - U.S. trade spat. What does this mean for those of us who earn our living...
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2023: The Most Expensive Crop Ever Planted | Damian Mason
Shay Foulk with Ag View Solutions predicts cost of corn production for 2023 will average $5.35 per bushel. That number is an all time high and it’s due to an increase in every crop input from nitrogen to diesel to labor. The story is the same for the other major commodity of soybeans, and presuma...
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The Pros & Cons of Prepay | Ag PhD
Why do some farmers buy their fertilizer, seed, and herbicides extra early? There is great benefit to this method, Brian and Darren walk you through the profit and pitfalls of the farm prepay procedure.
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Denmark's Farrowing Crates to America's Feed Additives | Damian Mason
Lasse Jakobsen was born in Denmark, now the Millennial heads up U.S. business development for the company his grandfather created to serve European hog production. Today, Protekta is a joint venture with a Danish organization that produces feed additives, among other things, for pork, poultry, an...
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Renewable Diesel — Will We Really Need 18 Million More Acres? | Damian Mason
Renewable diesel is the new buzz talk everywhere in Agriculture. Will its take off and reality match the fervor in farm circle discussions? Will the tax credits giving RD lift off remain with us? Will more biofuel fuel the “no food for fuel” debate? Well, yes, that’s almost a guarantee! Mac Marsh...
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The Scoop on Shipping and Transportation (What It Means for Ag!) | Damian Mason
We began incessantly hearing the words “supply chain” a year after we’d already been feeling the brunt of its breakdown. In Agriculture it became noticeable when meat and milk processing plants closed or couldn’t convert to a new product mix during shutdowns. Then it moved to a supply problem, me...
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Money In Ag — A Mid 2022 Perspective | Damian Mason
Farm land prices are up. A lot! So are interest rates, input prices, and diesel fuel. What does all this mean heading into fall and for 2023? Should you buy acres to expand your Ag enterprise in this environment? How will a doubling of operating loan interest rates impact your bottom line. Jarod ...
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How Are Farm Finances & What Should We Expect in ‘22? | Damian Mason
2022 started off with dire predictions for production Agriculture’s financial outlook. But, by mid spring the picture was changing, and by early summer a very profitable year was being predicted. Is that still the case? Are farm balance sheets going to swell? Or will interest rates and inflationa...
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Corn Warriors | 313 | Corntest Results
And the winner of Corn Warriors Season 3 is...
© Corn Warriors 2019
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Chicago Board of Trade | Ag PhD
Farm Basics from Ag PhD Episode #1246 | Air Date 02/20/22 - How do farmers hedge their grain sales by using the Chicago Board of Trade? The Heftys sell to the CBOT every year. The process can be confusing; Brian and Darren break it down.
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Prepaying for Crop Inputs | Ag PhD
From Ag PhD Episode #1237 | Air Date 12/19/21 - Darren and Brian Hefty talk about reasons you should prepay for next year's crop inputs.
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The Price of Spraying | Ag PhD
Many farmers pay custom applicators to spray their fields every year. Darren Hefty offers you some insight into why it could be better to spray fields yourself and save money.
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Buying Crop Inputs in the Fall | Ag PhD
The Hefty brothers talk about buying fertilizer, seed, and crop protection in the fall.
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Crop Prices | Ag PhD
Darren Hefty talks about factors that are affecting crop inputs and crop prices this planting season.
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Do Your Own Spraying | Ag PhD
Darren Hefty explains the cost benefits of spraying your own crops vs. hiring a custom applicator.
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Prepaying for Crop Inputs | Ag PhD
The Hefty brothers discuss the pros and cons of prepaying now for next year's crop inputs.
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Rebate Programs for 2020 | Ag PhD
Darren and Brian Hefty discuss how farmers can save money by taking advantage of the various crop protection rebate programs in 2020