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    Business

    Farm4Profit Podcast

    Our mission is to provide farms and operators an independent and unbiased outlet for information related to increasing the profitability of their farming operation. We will be providing farms and operators of all sizes and experience levels access to the latest trends, projections, and the tools necessary to increase farming profitability. We will take each episode to deliver latest news, what’s working for active farms, and a topic of focus each episode. Remember, if you aren’t farming for profit you won’t be farming for long.

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    Latest Episodes:
    Farm4Fun w/ Katy Thornton Aug 04, 2022
    Show notes
    • Welcome to a Farm4Fun episode
    • Share their ideas at farm4profitllc@gmail.com
    • The listener review today is brought to you by Geringhoff – head of the class no matter the crop ……….(Add LIB)
    • Text Review
    • 608.751.xxxx. Thank you guys for the extra episode a week. It’s the best thing since sliced bread.Helps my 3rd shift milking go by a little quicker two nights a week now.
    • YOU can now text or leave us a voicemail – 515.207.9640
    • @kaitlynthornton Instagram 23.8k @katyjthornton02 257.5k TikTok
    • Meet Kaitlyn Thornton, a 4th generational farmer, born and raised on her family’s ranch in Tonasket, Washington.
    • The family farm started with 100 acres in the Tonasket area by her Great Grandfather, Roy. The farm eventually went to the wayside until Kaitlyn’s father shared the same passion as Roy and picked up where he left off. Buying back the family’s land piece by piece, the farm grew from just 27 acres to over 440 operational acres.
    • Our orchard is 30 minutes from the Canadian border in Tonasket.
    • She also manages the TikTok account for SugarBee apples, a proprietary variety that the family happens to farm as well. She has a passion for connecting consumers to their food source and helping consumers understand what it really takes to run a farm and how to choose a great eating apple.
    • Kaitlyn has also started a business of her own. What started as a challenge in High School to see if she could sell 20 boxes of apricots on Facebook, has now grown to a full-blown business, Kait’s Crates.
    • The first year she sold over 400 boxes of fruit, 500 the following year, and over 1,000 the year after. With the power of social media, everywhere. She has now earned the name “Apple Queen” in the Tonasket area
    • Washington State University class of 2023
    • YEEYEE Apparal
    • What kind of apples do they have?
    • Is it only apples?
    • What kind of equipment does he run?
    • Does she farm with family?
    • Do you irrigate?
    • which type?
    • How has the weather treated you this year?
    • What’s the future hold?
    • Any time for other Hobbies or collections?
    • really interested in engines so last summer I started hanging around a diesel shop with big semi-trucks used for transportation. I learned a lot about mechanics but I also got to spend time with the truckers who hauled the fruit, so it was fascinating to hear about that side of the business as well.
    • Best ag SWAG gift you have ever been given or gave away?
    • New Year New Question
    • What is the best advice you have been given?
    • What do you wish we would have asked you?

    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.com

    Shareable episode link: https://intro-to-farm4profit.simplecast.com

    Email address: Farm4profitllc@gmail.com

    Call/Text: 515.207.9640

    Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw

    Follow us on TikTok: https://www.tiktok.com/@farm4profitllc

    Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/

    Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk.


    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.


    What to Avoid Doing : Legacy Farmer Aug 01, 2022
    Show notes
    • Welcome to a Farm4Profit episode
    • Remind people to hit SUBSCRIBE – REMEMBER TO LEAVE REVIEWS
    • Share their ideas at farm4profitllc@gmail.com
    • The listener review today is brought to you by Geringhoff. Head of the class no matter the crop
    • Text 712.xxx.xxxx Matt from Sioux County Iowa – really enjoy the podcast. They are super entertaining and have lots of great info especially to an 18 year old like me. Keep up the great work.

    515.207.9640 – let us know why you listen to Farm4Profit

    5 ways to ruin your family farm https://www.legacyfarmer.org/about

    Jace Young, our Founder and CEO, is a Western Kansas Farm Kid and Ex-Ag Banker turned Entrepreneur focused on helping American Farmers and Ranchers build an organized, structured, and profitable operation that they can one day pass onto their children and grandchildren. As an Ag Loan Officer where he realized that very few Farmers had the financial organization, structure, and systems in place that would help their farms survive and thrive for generations to come. Today, he works to help Farmers streamline the entire financial side of their operation so that they leave behind a profitable and sustainable Farm Operation

    • We are going to explore five common pitfalls family farm owners and operators make when running the farm, and if these five pitfalls go unchecked, the farm will certainly be on the path to failure.
    • What do you tell someone who says they can’t ever get away on vacation?
    • #1 – Micromanaging
    • Why is this such a big deal?
    • What can we do to do less of it? (provide clear expectations)
    • #2 – Be Centralized
    • What does this even mean?
    • What is the opposite?
    • #3 – Zero training
    • Is this just for employees?
    • Can you train the people and vendors you work with? – communication and expectations
    • What about family or spouses?
    • How do you train someone to answer they own questions or solve their own problems?
    • Don’t bring me a problem, bring me a solution
    • Allow them to make mistakes
    • #4 – No mission statement or core values
    • Do we really need this on a farm? Banks have it, but really for a farm?
    • Why is this important?
    • How does this effect hiring?
    • #5 – Be Selfish
    • Now this seems backwards…….why? how?
    • What happens when you don’t do all 5 of these things?
    • What happens if you’re only unable to not do a couple of them?
    • What are you top clients doing better than anyone else?
    • What is Legacy Farmer?
    • What trainings do you offer, programs do you have, and other resources are available?
    • What’s the best advice you have every been given?
    • Summary
    • Challenge
    • Reminder to share contact information

    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.com

    Shareable episode link: https://intro-to-farm4profit.simplecast.com

    Email address: Farm4profitllc@gmail.com

    Call/Text: 515.207.9640

    Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw

    Follow us on TikTok: https://www.tiktok.com/@farm4profitllc

    Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/

    Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk.


    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.


    Farm4Fun w/ The Texas Cotton Farmer Jul 28, 2022
    Show notes
    • Pre-Roll Commercial – TBD
    • Welcome to a Farm4Fun episode
    • Share their ideas at farm4profitllc@gmail.com
    • The listener review today is brought to you by Geringhoff – head of the class no matter the crop ……….(Add LIB)
    • Apple Podcasts Review
    • Cody.s14 – Found your podcast and listened to it from the first episode. Really enjoy the change of pace from profit to fun. Look forward to new episodes every week.
    • YOU can now text or leave us a voicemail – 515.207.9640
    • @Texas_Cotton_Farmer TikTok 110k followers
    • Cotton Farmer from Southern Panhandle of Texas
    • What crops does he farm?
    • What kind of equipment does he run?
    • Does he farm with family?
    • Has he always farmed?
    • Did he go to college?
    • What does it mean to farm on beds?
    • Why?
    • Do you irrigate?
    • which type?
    • How has the weather treated you this year?
    • Pick cotton or strip cotton?
    • What is the #CottonCartel
    • Soil Vs Dirt Debate
    • Ever played farm sim?
    • Thoughts on all the big companies leaving California and Illinois to move operations to Texas?
    • Prairie state top 5 tractors
    • What’s the future hold?
    • Any time for other Hobbies or collections?
    • Best ag SWAG gift you have ever been given or gave away?
    • Do you guys have any good stories of Screw Ups around the farm or gym?
    • New Year New Question
    • What is the best advice you have been given?
    • What do you wish we would have asked you?

    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.com

    Shareable episode link: https://intro-to-farm4profit.simplecast.com

    Email address: Farm4profitllc@gmail.com

    Call/Text: 515.207.9640

    Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw

    Follow us on TikTok: https://www.tiktok.com/@farm4profitllc

    Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/

    Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk.


    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.


    Edison Motors - The Future of Electric Drive Semis Jul 25, 2022
    Show notes
    • Pre-Roll Commercial – TBD
    • Welcome to a Farm4Profit episode
    • Share their ideas at farm4profitllc@gmail.com
    • The listener review today is brought to you by Geringhoff – head of the class no matter the crop(Add LIB)
    • 812.257.xxxx Text
    • You Guys Rock! You’re are the best podcast in Huxley!
    • YOU can now text or leave us a voicemail – 515.207.9640

    Chace Barber - CEO Edison Motors

    • Chace is a truck driver with 14 years of experience.
    • He ran his own trucking company started 5 years ago after university with a 1969 Kenworth. The trucking side of the company was shut down so that Chace & Eric could move to BC and focus on solar equipment manufacturing, production & installation.
    • Chace is co-founder of SEI, a solar installation company that designs & manufactures it’s own racking systems. The company manufactures several products for Finning.

    Who is Chace Barber?

    What is Edison Motors?

    These trucks are built and designed by truckers and mechanics for truckers and mechanics to be able to service. Edison Motors was started by truckers, for truckers. These are going to work hard but be easy to work on we want them to look great, be fun to drive, and last forever.

    • Diesel locomotive style hybrid - electric drive powertrain build for the logging/vocational industry
    • A diesel generator and batteries working together to power electric drives
    • Better fuel mileage, lower maintenance costs, more power.
    • NO MORE UGLY ELECTRIC TRUCKS
    • We’re manufacturing trucks for the logging and vocational industry

    Other team members?

    How are you going to accomplish a locomotive style semi tractor?

    Step 1 - 1962 LW-923 Proof of Concept

    We are currently building a proof of concept truck using a 1962 Kenworth. This will have a 3306 CAT diesel generator charging a battery bank, running a frame mounted electric drive motor into a traditional set of 46,000 rear ends

    Step 2 - Prototype

    with lessons learned from the 1962 proof of concept we will build the Edison truck

    This truck will integrate multiple electric drive motors. From lessons learned from our proof of concept, we will scale from one motor to e-axles (subject to part availability).

    This fully built prototype will be made with the same parts used in the retrofit kits

    Step 3 - Retrofit kit

    Once all the kinks are ironed out and prototype is hard tested, we plan to offer the complete parts package to retrofit any classic truck - We believe it’s better to recycle an old truck then make something brand new.

    This will allow Edison Motors to start scaling up manufacturing without having to jump fully into building a new truck from the very start.

    Step 4 - Edison Locomotive

    This is where we start building Edison branded trucks. These are purpose build logging and vocational trucks, custom ordered to the specifications of the end user.

    How is this project being funded?

    • There are currently 1590 Investors and Edison has raised over $389,000 to fund the building of the electric truck.

    If this project is successful, what does it mean for the future of the industry?

    What is the timeline of the project?

    Any other questions we should be asking you about this?

    Podcast – Blue Collar Interviews with Jordan Willey and Chace Barber. Interviewing guys and gals from the blue-collar work force.

    Any other hobbies?

    What is the best advice you have ever been given?

    Summary

    Challenge

    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.com

    Shareable episode link: https://intro-to-farm4profit.simplecast.com

    Email address: Farm4profitllc@gmail.com

    Call/Text: 515.207.9640

    Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw

    Follow us on TikTok: https://www.tiktok.com/@farm4profitllc

    Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/

    Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk.


    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.


    Farm4Fun w/ Stephanie Nash Jul 21, 2022
    Show notes
    • Pre-Roll Commercial – Geringhoff – head of the class no matter the crop
    • Welcome to a Farm4Fun episode
    • Share their ideas at farm4profitllc@gmail.com
    • The listener review today is brought to you by …………
    • 443-252-xxx area code text
    • YOU can now text or leave us a voicemail – 515.207.9640
    • Stephanie Nash @stephanienashmusic. Creator of the “Life of a Farmer” - YouTube
    • Who is she? Where is she from? What’s her family look like?
    • Singer Songwriter from Nashville, TN
    • 4th generation farmer from Central California
    • When I left for college, I stopped writing music, I focused on agriculture, traveling and being an advocate for the farming community.
    • The year I turned 20 my family decided to move to middle Tennessee and keep pursuing our love for the Dairy industry.
    • Farms during the day and sings at night
    • Her music is inspired by 90’s Country
    • Agvocate
    • Has been on the news for interviews a lot!!!!
    • Be curious about what it’s like in Nashville
    • Garth Brooks documentary reflection
    • Life of a Farmer Brand
    • YouTube
    • “Time Changes – Life of a Farmer” series
    • Merch
    • “Save Family Farms”
    • Has your music business seen benefits from TikTok?
    • Any time for other Hobbies or collections?
    • Best ag SWAG gift you have ever been given or gave away?
    • Coolest guest or person you have ever met?
    • Do you guys have any good stories of Screw Ups around the farm or gym?
    • New Year New Question
    • What is the best advice you have been given?
    • What do you wish we would have asked you?

    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.com

    Shareable episode link: https://intro-to-farm4profit.simplecast.com

    Email address: Farm4profitllc@gmail.com

    Call/Text: 515.207.9640

    Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw

    Follow us on TikTok: https://www.tiktok.com/@farm4profitllc

    Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/

    Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk.


    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.


    Regenerative - More than Just a BUZZ-word Jul 18, 2022
    Show notes

    Regenerative Ranching

    • Pre-Roll Commercial – Geringhoff – head of the class no matter the crop
    • Welcome to a Farm4Profit episode
    • Share their ideas at farm4profitllc@gmail.com
    • The listener review today is brought to you by AG LEADER Cab to cab. Season to season. There’s only one way to do it all on your farm: Ag Leader it. Ag Leader offers the complete package of year-round precision farming tools to help you steer it, plant it, apply it, harvest it, and manage it more efficiently and profitably. (Add LIB)
    • 402.883.xxxx Voicemail
    • YOU can now text or leave us a voicemail – 515.207.9640
    • Featured Guest Brent Weiss
    • Background, self introduction
    • What does regenerative ranching ACUTALLY mean?
    • Ranching in synch with nature to rebuild healthy ecosystems starting with the soil
    • Not just a marketing buzzword
    • 2 types of people in regen:
    • Interested in conservation
    • Interested in increased profits
    • Soil Health – why is it important?
    • Soil has been the downfall of ancient civilizations
    • Facing increased drought and climate challenges
    • Healthy soils are more drought tolerant
    • MASSIVE carbon sinks
    • Fertilizer, pesticides, etc. are just bandaids to the soil
    • Soil microbes create a great growing environment
    • Soil health = increased nutrients, fertility, and water infiltration
    • Rotational Grazing and Grazing Systems
    • Maximum impact, maximum rest
    • Stocking rates in pounds/acre, not acre/head
    • Forage available vs forage consumed
    • Subdivisions create longer rest periods
    • Roots stop growing for 11-17 days when 50+% of forage consumed
    • If roots cannot recover, eventually neither will the top
    • Ease of moving cattle and implementing systems with single strand electric wire
    • Forage management
    • Grass farmers using cattle as a means of harvesting crop and convert to usable product
    • Important to leave behind some leafy material (ideally ~50%)
    • Solar panels for regrowth
    • Without solar panels, must steal carbohydrates from roots (recession)
    • Armors the soil
    • Keeps soil temps down (helping keep moisture in soil)
    • Slows down rain to increase infiltration and decrease run off
    • Cattle Management
    • Culling cattle that do not fit your system (they work for you)
    • Defined calving and breeding seasons (45/60 plan)
    • Allows you to match the growing season with peak lactation and when calves begin grazing
    • Ideally a closed loop system, or even a closed herd
    • Bull selection
    • Heifer selection
    • Use consistent sources with similar goals to your operation
    • Biodiversity – different plants and animals play different roles
    • Pollinators, birds spreading seed, dung beetles, other beneficial insects
    • Legume Nitrogen, Grass Roots, Forbs armor
    • Mesquite in desert country
    • Medicinal/Anthelmintic properties
    • Secondary and tertiary compounds like tanins and alkaloids
    • Minimize Inputs/Epigenetics
    • Increasing Revenue is not the only way to increase profit
    • Less reliance on supplemental protein, mineral, dewormer/fly spray
    • Cows that do not fit the system will come up open, wean small calves, or stand out in one way or another
    • CULL THEM
    • Gradual decrease of each
    • Personal Belief – Don’t skimp on vaccinations
    • Calves will go to feed lot and be exposed to A LOT
    • Implementation
    • We need everyone to move in the right direction
    • Do what you can in your environment/situation
    • Subdivide pastures – ½ à ¼ à 1/8 etc…
    • Move cattle more often between planting and harvest
    • Only supplement when forage quality is decreased
    • ANY step is a step in the right direction
    • What’s the best advice you’ve ever been given?
    • Summary
    • Challenge

    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.com

    Shareable episode link: https://intro-to-farm4profit.simplecast.com

    Email address: Farm4profitllc@gmail.com

    Call/Text: 515.207.9640

    Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw

    Follow us on TikTok: https://www.tiktok.com/@farm4profitllc

    Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/

    Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk.


    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.


    Farm4Fun w/ the Squad Brothers Part 2 Jul 14, 2022
    Show notes

    We dive deeper into the conversation with Grant and Spencer Hilbert this week. Learn more about their real life farming operation and just how they plan to continue to build their YouTube Channel! 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.com Shareable episode link: https://intro-to-farm4profit.simplecast.com Email address: Farm4profitllc@gmail.com Call/Text: 515.207.9640 Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw Follow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/ Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.


    Ways to Get More Land Jul 11, 2022
    Show notes

    Improving Your Farm Lease Contract

    A guide to understanding the business of farmland leases

    Importance of Leasing

    More than half of Iowa’s farmland is rented to tenant operators.

    The trend over the past several decades has been for more of Iowa’s farmland to be leased rather than operated by its owners. In many cases, retired farmers or their heirs wish to continue to own farms, but do not want to operate them.

    Leasing farmland involves a business agreement between the owner and the operator.

    Reasons for Farm Leases

    Land is an expensive resource. A large capital investment is required to purchase enough land to provide the farm family an opportunity to earn a satisfactory living.

    Many individuals or institutions that own land are looking for someone to farm it to provide a return on their investment as well as maintain its productivity.

    Common Types of Leases

    The four most common types of leases used in Iowa are the fixed cash lease, the flexible cash lease, the crop share lease, and the custom farming contract. The common terms of these leases are described below.

    Fixed Cash Lease
    Under a fixed cash lease the tenant pays a given amount of cash rent per acre per year for the use of the farm resources. The tenant has a free rein in planning the crop and livestock production program on the farm unit, and receives all the crop and any associated USDA commodity program payments.

    Flexible Cash Lease
    A variation of the fixed cash lease is a flexible lease, in which the actual rent to be paid depends on the actual yields attained and/or the selling prices available during the lease period. This ensures that the rent paid is in line with the profitability of the crops grown that year..

    Crop Share Lease
    The distinguishing characteristic of a crop share lease is that the owner receives a share of the crop and USDA payments as a return for the land resources used.

    The owner normally furnishes land and buildings and pays half of the costs of inputs such as fertilizer, seed, and pesticides when the crop is divided 50-50. Owners are usually responsible for drying, storing, and marketing their share of the crop, as well. The tenant usually furnishes all the labor, fuel, equipment, and the other half of the shared expenses.

    Custom Farming Contract
    Under a custom farming contract the operator supplies all the labor and equipment needed to perform tillage, planting, pest control, harvesting and moving of crops to storage. The landowner pays all other expenses, and receives all the crop and any USDA payments. The custom operator receives a fixed payment per acre from the owner, or a fixed payment for each operation performed.

    Advantages and Disadvantages of Different Types of Leases

    All types of leases have advantages and disadvantages to each party. The tenant and owner should consider this before choosing the type of lease and the terms that should be incorporated in it.

    Fixed Cash Lease
    Advantages of a fixed cash lease:

    • The lease is simple with relatively few chances for misunderstanding.
    • The owner is relieved of making day-to-day operating decisions.
    • The owner has very little financial risk.
    • The tenant has maximum freedom in planning and developing the cropping and livestock programs.
    • The tenant has fewer records to keep when multiple landlords are involved.

    Disadvantages and potential problems of the fixed cash lease:

    • A fair cash rental rate may have to be renegotiated each year.
    • Cash rents are likely to be too low in times of rising prices and increasing yields, and too high in times of low prices or low yields.
    • Selling prices and production costs may be higher or lower than anticipated when the rental rate is set.
    • Tenants are required to supply more operating capital.
    • Tenants bear all the risk of production shortfalls.

    Flexible Cash Lease
    Advantages of a flexible cash lease:

    • The amount of rent to pay increases or decreases automatically from year-to-year as prices and yields change.
    • The need for the owner and tenant to renegotiate the rental rate each year is significantly reduced.

    Disadvantages and potential problems of the flexible cash lease:

    • Both parties must agree on a formula for setting the cash rent each year or every few years.
    • Both parties must agree on how to determine the prices and yields to include in the formula.
    • There is uncertainty about how much the tenant will pay and the owner will receive each year.

    Crop Share Lease
    Advantages of a crop share lease:

    • Risks associated with price and yield variations are shared.
    • The owner is more involved in making decisions and marketing the grain during the year.
    • Both parties share the benefits from adoption of yield-increasing technology, or unexpected high yields or prices.
    • The owner receives more information about yields and inputs used each year.
    • A second USDA payment limit is created.

    Disadvantages or potential problem areas of a crop share lease:

    • The landlord and tenant must agree on how production expenses will be shared.
    • Adjustments for sharing costs for storage and drying facilities, herbicides that reduce field work, or fertilizer and pesticide application may have to be made.
    • The cropping plan to be followed and whether or not the farm participates in government programs must be agreed on.
    • Added cash rent for the use of buildings and storage facilities may have to be negotiated.
    • If the owner’s and tenant’s grain is stored in the same bin, marketing decisions have to be made jointly.
    • The landowner may be considered a material participant, and farm income may be subject to self-employment taxation.

    Custom Farming Contract
    Advantages of a custom farming contract:

    • There is very little financial risk for the operator.
    • The owner benefits from any unexpected high prices, yields or government program payments.
    • Only one party is responsible for marketing grain and making production decisions.
    • Agreements are usually fairly simple to negotiate.

    Disadvantages and potential problems of custom farming contracts:

    • The owner bears all the risk of low yields or prices, or high input costs.
    • The number and timing of field operations to be done each year may have to be modified, depending on weather conditions.
    • The operator has to set priorities among the custom farmed land and other rented or owned land.
    • The owner must communicate to the custom operator the cropping system, fertility program, and type of pest control to be used.
    • Crop inputs such as seed, fertilizer and pesticides must be purchased and delivered in a timely manner.
    • The landowner may be considered a material participant, and farm income could be subject to self-employment taxation.

    Financing Improvements
    There are three ways to handle the costs of making permanent improvements to a farm property such as buildings, storage structures, conservation structures, fences, waterways, and drainage tile.

    1. The landlord provides the improvement as part of the rental agreement with an understanding that the rental rate will be increased as a result.
    2. The cost of the improvements is shared by the landlord and tenant in some form. If the improvement is constructed on the farm, the tenant may furnish labor and machinery for the job, and the owner may pay for materials. It is useful to negotiate a provision in the lease for the tenant to be reimbursed by the landlord for the undepreciated value of the improvements if the lease period ends before the useful life of the improvement is over.
    3. The entire cost of the improvements is paid by the tenant. As in Option 2, a provision for reimbursing the tenant for the undepreciated value of the investment is important.

    Setting the Length of Lease
    Many farm leases are in effect for only one year at a time. In fact, in Iowa oral leases cannot be valid for more than one year. However, an Iowa State University survey showed that 41% of cash rent leases and 68% of crop share agreements had been in effect between the same parties for more than 10 years. The maximum fixed term for a lease contract in Iowa is 20 years, but leases can be routinely renewed if both parties agree.

    Multi-year leases provide owners and operators with an incentive to invest in long-term improvements to the land and maintain soil fertility and conservation structures. They also avoid the uncertainty of building new relationships frequently.

    Termination of a Farm Lease

    A farm lease automatically continues from year to year unless either party gives a written notice of termination separate from the lease. In Iowa, a lease termination notice must be properly served in writing by September 1, prior to the end of the lease year. This applies to both cash and crop share leases, but not to custom farming agreements.

    Summary

    A good lease is the first step toward a satisfactory operating relationship between a landlord and a tenant. Although it is difficult to develop a lease that will provide for all possible situations, the parties should try to anticipate areas where problems could arise and include provisions in the lease to handle them. Only the parties involved can determine what is fair to each and what the final agreement should be. Many factors influence a leasing agreement, and each contract should be modified to fit the individual situation.

    Want Farm4Profit Merch? Custom order your favorite items today!

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    Email address: Farm4profitllc@gmail.com

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    Farm4Fun w/ the Squad Jul 07, 2022
    Show notes
    • Pre-Roll Commercial – Geringhoff – head of the class no matter the crop
    • Welcome to a Farm4Fun episode
    • Share their ideas at farm4profitllc@gmail.com
    • The listener review today is brought to you by AG LEADER Cab to cab. Season to season. There’s only one way to do it all on your farm: Ag Leader it. Ag Leader offers the complete package of year-round precision farming tools to help you steer it, plant it, apply it, harvest it, and manage it more efficiently and profitably. (Add LIB)
    • Mike Shulte Voicemail
    • YOU can now text or leave us a voicemail – 515.207.9640
    • The Squad on YouTube and @thesquad_youtube on TikTok 41k followers
    • Grant & Spencer Hilbert
    • Joined YouTube. May 29, 2014. 487,923,188 views. 1.33 million subs
    • Where you from, where did you graduation, what do you do, family history
    • When did you start playing FarmSim – Why?
    • When did the YouTube Channel take off?
    • How do people monetize youtube
    • Just one channel or multiple?
    • How do you record, edit, etc….
    • Where did “The Squad” come from?
    • Twitter Poll – 184 responded and 71% have never played FarmSim
    • From FarmSim to real life 1st generation farmers
    • Where at?
    • Why?
    • How did you start that?
    • How’s it going?
    • Community animosity?
    • Any good investments?
    • Crypto, etc….
    • Think there could be a podcast simulator?
    • What’s the future hold?
    • Launching a brand new game

    Matthew J Andrews @2glassandrews on Twitter – Lived in California all his life and moves to Iowa. “What do I need to know? How do I Prepare?”

    • Any time for other Hobbies or collections?
    • Best ag SWAG gift you have ever been given or gave away?
    • Coolest guest or person you have ever met?
    • Do you guys have any good stories of Screw Ups around the farm or gym?
    • New Year New Question
    • What is the best advice you have been given?
    • What do you wish we would have asked you?

    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.com

    Shareable episode link: https://intro-to-farm4profit.simplecast.com

    Email address: Farm4profitllc@gmail.com

    Call/Text: 515.207.9640

    Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw

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    Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk.


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    Early Lessons to Learn for Success W/ Vance Crowe Jul 04, 2022
    Show notes

    3 Year Anniversary Episode!!!

    • Pre-Roll Commercial – Geringhoff – head of the class no matter the crop
    • Welcome to a Farm4Profit episode
    • Share their ideas at farm4profitllc@gmail.com
    • The listener review today is brought to you by AG LEADER Cab to cab. Season to season. There’s only one way to do it all on your farm: Ag Leader it. Ag Leader offers the complete package of year-round precision farming tools to help you steer it, plant it, apply it, harvest it, and manage it more efficiently and profitably. (Add LIB)
    • Randy Hammersmith Voicemail
    • YOU can now text or leave us a voicemail – 515.207.9640

    What do you know now that you wished you would have known

    when you were younger or just sooner in general?

    Guest Vance Crowe

    Vance Crowe is a communications consultant that has worked for corporations and international organizations around the world. He has spoken before more than 150,000 people, answering questions about some of the most sophisticated and controversial technologies in the modern age. munications that remain hidden to most people.

    Vance holds a degree in communications from Marquette University and a master’s degree in cross-cultural negotiations from the Seton Hall

    Vance is the former Director of Millennial Engagement for Monsanto.

    5/16/22 – F4P – E181 – Farm4Fun with Zoe Kent

    It will all work out in the end. Trust in yourself to continue the path and when you look back on it you’ll think it all worked out.

    5/16/22 – F4P – E76 – No Two Springs Alike with Bodie Kitchel, BW Fusion (Agronomy update)

    Never stop where you’re at today. Keep your pursuit to always keep learning. You would probably say “Everything!” If you really knew all you know now – then – would you be complacent, lazy, and lose your drive? Always be excited to keep learning.

    5/9/22 – F4F - E169– Ryan Roossinck - Beer Money Pulling Team and TractorZoom

    I wish I had known it was ok to fail. I wasted so much of my life and my opportunities, because I was striving for the perfect, instead of the good. Life ain’t perfect and neither are you! So stop wasting time trying to be perfect while opportunities pass you by.

    4/25/22 – F4F – F168 – New York Farm Girls! Evelyn (22), Claudia (19), JoJo (16)

    Evelyn – I wish I knew about this podcast. I have a 30 minute commute to work every day, and this is going to be my new thing.

    Claudia – When you think of other people’s perception of you, and if you’re concerned what other people are thinking about you, you’re never going to truly live your best life. Have confidence in yourself, and it will take you to big places! Just trust to be yourself!

    4/11/22 – F4F – E167 – Mike Schulte of the Pork Tornadoes

    Regarding jobs, careers, passions that aren’t traditional – whatever your passionate or care about, make it successful. Be passionate because that means something.Put everything you can into it and figure it out.

    3/28/22 – F4F – E166 – National Farm Machinery Show, Louisville, KY – Andy Paztor, a/k/a Andy Clean (no question)

    Quint – Still the more I learn, the less I know.

    3/21/22 – F4P - E72 – Steve Sukup, President and CEO, Sukup Manufacturing, Sheffield, IA – Leadership and Innovation

    In business – should have stepped back sooner to get a better perspective.

    3/14/22 – F4F – E165 – The Latina Farmer – Katherine Marcano-Bell

    I should have listened to my mother-in-law. Don’t be so eager to help out on the farm or please your

    husband. You’ll have to drive something or help out more on the farm.

    Momma Wanna (Dominican Republic drink ) A favorite food – MoFongo

    3/7/22 – F4P –E71 – Commodity Turmoil – Todd Hultman of DTN –

    On location - National Farm Machinery Show, Louisville, KY

    WWIA – Bill Dickhut from Geringhoff

    I learned to lower the weight of the fundamental assessments you hear from USDA or anyone else. The Market is the best indicator for trends and volatility. The Market tells you.

    2/28/22 – F4F – E164- On location – The National Farm Machinery Show, Louisville, KY

    Kyle Zarate – Keep your circle small. I would have ‘cherry-picked’ people better… I wish I had the knowledge I have now when I was younger, but honestly,I don’t think I would have change a lot.

    Loren – I would have had more kids! When they were little, we thought how much work they were and what a

    pain in the butt. But after they got older, I wish I had 10! (Tractor – Deere Commander)

    Dalie – (being only 17 years old) Don’t be afraid to ask for help. (Tractor – Sibling Rivalry)

    2/21/22 – F4P – E70 – Avoiding a Repeat of the 80’s – David Widmar

    We need a framework for dealing with uncertainty.We live in a world full of uncertainty.No one teaches us how to quantify, navigate, or communicate through it. We need to update our thinking. Use a decision tool to network and be more disciplined through uncertainties.

    It’s not the decisions you make in the bad years that cause trouble, it’s the one’s you make in the good years.

    2/14/22 – F4F – E163 – Valentine’s Day Power Couple – Steven & Melissa Pierce

    Steven – I wish I knew things could be done differently than the way dad or gpa did them. Just because it’s

    always been done this way, doesn’t make it the best way. Think outside the box and try different ways to

    do things.

    Melissa – I wish the things that you stressed out about when you were younger, I shouldn’t have worried about

    them so much.Just do your best, and don’t stress.

    2/7/22 – F4P – E69 – Dr. Richard Smith – Where is the Inflation Taking Us?

    I wish I had realized how valuable our local lives are.

    1/31/22 – F4F – E162 –Randy Nessman – Master PipeLayer and Zach Johnson – Millennial Farmer

    Jim McArthur/Randy Hammersmith (twin brother) guest zoom appearance-Zack Attack song

    Randy Nessman – Pipe is Life! (Dave interprets that as ‘don’t wait to make good decisions.’)

    HOSTS – Tanner – I wish I would have trusted myself in certain instances sooner than I did. When you think

    something’s a good idea, just do it! (other guys feedback -But that probably has equal amount of times when

    you wish you hadn’t)

    Corey – I was gonna say something about women, but…. Instead, I wish I had bought bit coin at $100.00.

    Dave – I wish I wouldn’t have said something. I should have bit my lip and bided my time! Apologize more.

    1/17/2022 - F4F - E161 - J Lazy S Angus Ranch, Idaho - Chyenne Smith

    I wish I had started sooner (in ranching). We were worried about the financial burden. Start small, and take a

    chance. Don't be afraid to try. If you know it's what you want to do, just do it. The finances will work if you

    have passion. Be passionate, try, and don't give up!

    1/3/2022 - F4F - E160 - Tony Feed and friends - invited back 3 of the top 10 guests -

    Tony Reed, Huey B Cool, and Justin Danger Nunley

    Tony – The older I get, the smarter my dad was.I wouldn’t do that…and he was right.Listen to your dad.

    Justin – Don’t worry so much about what other people think. I wish I wouldn’t have worried as long as I did

    about other people.Be unapologetically yourself!

    Huey – Things take time, but you have time! Do more things in your life; you can always change courses.

    12/27/21 - F4P - E66 - Most Common Traits of Successful Farmers - Robert & Emily Sharkey

    2021 question - Emily - be the dumbest person in the room; surround yourself with people who inspire you and

    push you to be better; no time for nay sayers or negativity; don't let people bring you down.

    2022 question-Rob - Don't criticize yourself so much; focus on what you do well; be more confident;

    12/20/21 - F4F - E159 - Bushels & Barrels - Ryan Peter

    Never be afraid to fail. Don't plan to fail, but "expect" to in some degree. When you start a business, be ready

    to fail in some way; don't be afraid to try something new on a small scale, and be ready to take the idea

    even bigger.

    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.com

    Shareable episode link: https://intro-to-farm4profit.simplecast.com

    Email address: Farm4profitllc@gmail.com

    Call/Text: 515.207.9640

    Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw

    Follow us on TikTok: https://www.tiktok.com/@farm4profitllc

    Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/

    Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk.


    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.


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