Wow! I have been in banks all my farming career, and one thing for sure they all have you sign a promissory note along with filing a lien on whatever you are buying, when you borrow their money. I don't know any way around it, unless you rob a bank, which can be sketchy also. Since the 80's, farming has become less and less hard physical work to more and more a money handling business. Unless you are wealthy, you will be in the banks borrowing their money to grow your farming business. And you are correct, if you get crossed up with your loan officer, it can be a problem...But, there are other loan officers looking for good loan business, and switching is not as big a problem as it used to be,,,as long as you are worth more then you want to borrow. Lots to comment on with your video, lots of things to consider, and probably the most important is the competitive nature of the farming business. I don't see it changing either, unless 'ol Biden is serious about killing inflation. Then the whole house will come down on the highly leveraged farms, and lot will be for sale at a more reasonable price....but do they have the guts to bring it all down>
That's sure the sad truth ... and your right, you can't be in business anymore without borrowing money...... I don't know what the future of this country is, but all the money they printed, I think it's safe to say most will have a lower standard of living (end of the middle class) ...
Wow you covered alot of things on this. Its tough to get a balanced "supplemental income". For me hauling grain for a couple farmers and running hog barns works but at times its too much. When i was about 20 years old i went into farm credit trying to build a hog site. At that time i only had about 50,000 to my name and was only farming 120 acres. They basically laughed me out of their office and told me, well go ask a grandparent or other family member that maybe has some money to help me out and come back with a good downpayment. Went to a good local banker who was willing to help me out and been dealing with him ever since. Never ended up building the site but it was experience enough for me to know where i was going to borrow money from then on
Good to hear from you! .... farm credit can be a-holes. That sure would leave a lasting impression with me too ... I need to do a whole story on banking ...
I'm glad I found your channel. I'm east of you living in town now which I hate! Born and raised on a farm in Vinton IA. I spent 45 years in IL, farming and trucking. Moved back to IA, in 2015 because my body is shot. I miss the work so much everyday! Sad thing is I'm only 63. I agree with everything you said in this video!! Ben there done that. You just gained another subscriber, Thanks.
We didn't see hardly any growth until we ceased Growing Cotton and Peanuts..... Our very first Hay crop yielded 1000 4x5 bales on 80 acres..... We sold it right out of the field to a Hay broker for $50.00 each........ At present we convert rounds to small squares for a National chain of well known farm supply stores....Usually they use a 500 bale trailer load each per store about every 20 days....... And about once maybe twice a month hay brokers call for any where from 10 to 50 bales..... also have drive in customers
As to just the hay industry, the way you've described feels like it's been consistently that way, with large rounds. You can do lots of acres with large rounds, but if you're not feeding that hay with our own livestock, the cash market really beats down the large round producers. Sometimes, the small or large square markets pencil out pretty well. That is until you put an honest pencil to mother nature and the limitations she puts on producing a quality product for cash sales - then you're right back to needing your own livestock to pull the value out of hay. Even when mother nature gets really ornery, she doesn't have the large impact on the soybean and corn growers that she does on the hay growers. Unless, your hay crop is overwhelmingly getting it's water from irrigation.
I grew up on a 200 acre farm and all we did was work and be poor. It was cash crops...cucumbers, peppers, watermelons, sweet corn and later soybeans. They sold it years after I joined the military and it's all nursery now. The small farms in the area have all been bought up by a large tomato growing company......the farming generation in the area is largely retired (or deceased) and their kids went elsewhere to seek employment. Same story across the nation....not sure where it ends....
I sure do enjoy listening to your comments !! ,having been through the land graber farm loans, That Fat Bastard that grabbed our family farm from my mom when My Dad Passed away. I was 12 then I'm now 79 !!
I really like your videos you should do a video on banking industry they suck they give you a umbrella when the sun is shining and when it raining they take it away . I have land that's worth millions I won't sell I want my grandkids to know what work is but people are so freaking greedy your telling it how it is thank you
Thank you for watching.... I appreciate the viewership ... and yes, I am going to make a video on banks and banking - simply put they are middlemen and they are crooks ...
With used equipment (mostly all paid for) you are really far ahead of many career farmers. Niche product markets are never going to be as quick to jump into as hauling a load of corn to 'the elevator' as niches take development of a customer base. Once you have that base though, you are collecting the profit margins of all the businesses that are between taking corn out of the ground now and putting 'tortilla chips' on consumers' doorsteps. Count the layers of others extracting profits. Many consumers are doing their grocery shopping online and then using a delivery service to bring it to them, use those delivery services directly. Then start with a product like plain ground corn with recipe cards in the bag for 'corn bread', but grow organic and open-pollinated -- with the price of fertilizer high I'm trying Regenerative Ag methods and Reids Yellow Dent Corn this year.
All very true.... We have looked at organic..but they wanted it be 5 years in hay or gras then we could row crop it .. can't take that kind of a financial hit to get it going
I know your right been in it for 30 years now I work by myself and a driver and it is a lot nicer less stressful and I bring in more money and happier customers.😀
The problem with hay as a cash crop is it’s always far away from where the prices are high. Meaning areas in drought. We have to put up hay and haylage to both feed, and as insurance against drought. But boy I prefer to feed it direct as much as I can through grazing.
So true .. thats ridiculous ... insurance in general is a screw job - with health insurance just being flat out wrong ..... we're paying for to many freeloaders
Boy, I graduated with a Agriculture degree on 1973 and which I could be exposed to the knowledge you have express in these video, I loved farming. But I had to choose other jobs for more money per hour.
New to your channel. I appreciate your view points on different ideas and inputs. Farm up in SE ND. I believe tough times are ahead for family farms in the USA. Thank you for the videos.
Thank you very much for watching .... I agree .. the future of farming doesn't look so good. Especially if everyone keeps going with the veggie burger fad
The farmer from your area that I worked for demonstrated with google earth webpage that the ground that had been grass pasture. Bought and plowed under to row crop. The top of the hills are sandy and the bottoms are deep silt. Satellite photos show that the sand is eroding down the hillside despite terraces .
Oh yeah It will ... takes several good corn crops with no till to stop it and even then it can be tough ... some of the ground people are farming probably shouldn't be
Also they tend to ship the electricity to places like calif. Because they get paid more for it. Here in Texas they said our elec. Bill was going to go down ,well mine has just steadily gone up.
In Ontario here some guys are growing cran berry beans or “white beans” and that seems to be the specialty crop same with canola. Better then just corn and beans and wheat I guess
There are a lot of wind farms in central Michigan. The solar farms are a big controversy in our area, once you turn that farm land into something other than farm, it’s hard to reclaim that land.
The solar panels are a touchy one ... because they cover so much of the land ... I personally think they are better suited out in the desert country vs in farm country....the worst part of solar, most companies walk away when they are retired- and it's the land owners responsibility to clean jt up ....
I agree ... but I guess anyone can do whatever they want to their ground too .... well until we loose our property rights entirely- which seems to be the direction things are going .... biggest complaint I have is when they leave the mess behind - sometimes even breaching cleanup contracts.....
A good friend has a farm excavation business. He has dozers, excavator, tile plow, wheel digger, plus an assortment of other equipment items. I'm not sure if he knows if he is coming or going.
wanted to say a few yrs back, a milking farmer decided to build one heck of a large style building to raise ducks, we have several chicken farms here, selling the eggs for some kind of medical needs. anyways once the cruise lines shut down, here to find out the duck eggs was being sold to the cruise lines, so now this farmer is shutt out of luck. guessing the milk check is having to help pay for that building.
Great video. I liked all of the commentary as well. Bashing on the keyboard warriors, cursing, all of it. If that is 24t, you have a classic sir. I love my ragged out 336
Thank you for watching! ... I need to curb the language - although some find it hilarious - LOL 🤣 ... that small square baler was new in 1961 ...... make sure your watching my main channel - Black Earth Farmimg - I actually have some videos of that baler running ... my main channels the clean channel 😁
@@thefedupfarmer8482 @The Fed Up Farmer shoot taking it to 10 with them f bombs. I like it. 100% natural. 10-4, I'll go check out the other channel. Have a good one.
@@thefedupfarmer8482 man your knowledge on the tractor models, options and the details which each model shares is impressive. I wonder if that could be applied as/towards supplemental income. Idk just a thought.
Thank you for watching ... we own 1147 row crop tillable .. depending upon the custom work annd rented land, 1800 to 2500 acres total (varies on custom)... its just myself and my father who's 78 - so it's a full plate full getting it all done ....
@@thefedupfarmer8482 Thanks! Love the political commentary...I think you're spot on and I agree with everything you've stated recently on the oil, war, etc. situation
These guys who end up with farm managers from fsa end up so far in debt there's no hope of becoming debt free at least in our area. Keep costs low, efficient, and keep the banker out as much as possible. I see our banker every 5yrs to renew the mortgage at local bank. I trust him like I do my x wife.
Bit of a back story there- that I don't want to post publicly... unfortunately there are just some things I can't say on you tube ... but yes, there are some hog buildings for contract - unfortunately those are sewed up for now, so we can't get our hands on any .... no chickens
Thanks for the question... it requires special equipment and most is grown under contract .. besides some seed beans, not much of its growin in our area - I think the nearest plant is about 145 miles from us ....there really isn't much opportunities near us- unless it's just corn and beans
There has been a few people build small ones ... but the big power companies got the laws changed, so when you push power into the grid vs buying jt they only have to pay you wholesale value ....
A lot of places that buy hay are not hay producers .. such as feedlots .. even some cow calf guys don't put up hay - they figure it's cheaper just to buy it
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Wow! I have been in banks all my farming career, and one thing for sure they all have you sign a promissory note along with filing a lien on whatever you are buying, when you borrow their money. I don't know any way around it, unless you rob a bank, which can be sketchy also. Since the 80's, farming has become less and less hard physical work to more and more a money handling business. Unless you are wealthy, you will be in the banks borrowing their money to grow your farming business. And you are correct, if you get crossed up with your loan officer, it can be a problem...But, there are other loan officers looking for good loan business, and switching is not as big a problem as it used to be,,,as long as you are worth more then you want to borrow. Lots to comment on with your video, lots of things to consider, and probably the most important is the competitive nature of the farming business. I don't see it changing either, unless 'ol Biden is serious about killing inflation. Then the whole house will come down on the highly leveraged farms, and lot will be for sale at a more reasonable price....but do they have the guts to bring it all down>
That's sure the sad truth ... and your right, you can't be in business anymore without borrowing money...... I don't know what the future of this country is, but all the money they printed, I think it's safe to say most will have a lower standard of living (end of the middle class) ...
Wow you covered alot of things on this. Its tough to get a balanced "supplemental income". For me hauling grain for a couple farmers and running hog barns works but at times its too much. When i was about 20 years old i went into farm credit trying to build a hog site. At that time i only had about 50,000 to my name and was only farming 120 acres. They basically laughed me out of their office and told me, well go ask a grandparent or other family member that maybe has some money to help me out and come back with a good downpayment. Went to a good local banker who was willing to help me out and been dealing with him ever since. Never ended up building the site but it was experience enough for me to know where i was going to borrow money from then on
Good to hear from you! .... farm credit can be a-holes. That sure would leave a lasting impression with me too ... I need to do a whole story on banking ...
I'm glad I found your channel. I'm east of you living in town now which I hate! Born and raised on a farm in Vinton IA. I spent 45 years in IL, farming and trucking. Moved back to IA, in 2015 because my body is shot. I miss the work so much everyday! Sad thing is I'm only 63. I agree with everything you said in this video!! Ben there done that. You just gained another subscriber, Thanks.
Thank you very much for watching... and hello my iowa neighbor! Haha .... that stinks - farm work is definitely a lot of labor ...
We didn't see hardly any growth until we ceased Growing Cotton and Peanuts..... Our very first Hay crop yielded 1000 4x5 bales on 80 acres..... We sold it right out of the field to a Hay broker for $50.00 each........ At present we convert rounds to small squares for a National chain of well known farm supply stores....Usually they use a 500 bale trailer load each per store about every 20 days....... And about once maybe twice a month hay brokers call for any where from 10 to 50 bales..... also have drive in customers
As to just the hay industry, the way you've described feels like it's been consistently that way, with large rounds. You can do lots of acres with large rounds, but if you're not feeding that hay with our own livestock, the cash market really beats down the large round producers. Sometimes, the small or large square markets pencil out pretty well. That is until you put an honest pencil to mother nature and the limitations she puts on producing a quality product for cash sales - then you're right back to needing your own livestock to pull the value out of hay. Even when mother nature gets really ornery, she doesn't have the large impact on the soybean and corn growers that she does on the hay growers. Unless, your hay crop is overwhelmingly getting it's water from irrigation.
That's for sure ... and just another reason I am going to cut hay acres way back
I grew up on a 200 acre farm and all we did was work and be poor. It was cash crops...cucumbers, peppers, watermelons, sweet corn and later soybeans. They sold it years after I joined the military and it's all nursery now. The small farms in the area have all been bought up by a large tomato growing company......the farming generation in the area is largely retired (or deceased) and their kids went elsewhere to seek employment. Same story across the nation....not sure where it ends....
That's sad .... and so very true... the new and upcoming generations are going to struggle for pennies I fear ....
I sure do enjoy listening to your comments !! ,having been through the land graber farm loans, That Fat Bastard that grabbed our family farm from my mom when My Dad Passed away. I was 12 then I'm now 79 !!
Crooks, pure crooks ... thank you for watching the video- more videos on similar subjects coming
I really like your videos you should do a video on banking industry they suck they give you a umbrella when the sun is shining and when it raining they take it away . I have land that's worth millions I won't sell I want my grandkids to know what work is but people are so freaking greedy your telling it how it is thank you
Thank you for watching.... I appreciate the viewership ... and yes, I am going to make a video on banks and banking - simply put they are middlemen and they are crooks ...
With used equipment (mostly all paid for) you are really far ahead of many career farmers. Niche product markets are never going to be as quick to jump into as hauling a load of corn to 'the elevator' as niches take development of a customer base. Once you have that base though, you are collecting the profit margins of all the businesses that are between taking corn out of the ground now and putting 'tortilla chips' on consumers' doorsteps. Count the layers of others extracting profits. Many consumers are doing their grocery shopping online and then using a delivery service to bring it to them, use those delivery services directly. Then start with a product like plain ground corn with recipe cards in the bag for 'corn bread', but grow organic and open-pollinated -- with the price of fertilizer high I'm trying Regenerative Ag methods and Reids Yellow Dent Corn this year.
All very true....
We have looked at organic..but they wanted it be 5 years in hay or gras then we could row crop it .. can't take that kind of a financial hit to get it going
I know your right been in it for 30 years now I work by myself and a driver and it is a lot nicer less stressful and I bring in more money and happier customers.😀
For sure ... kind of sad to say that but jts so true
Thoroughly enjoyed this video
Thank you very much !
The problem with hay as a cash crop is it’s always far away from where the prices are high. Meaning areas in drought. We have to put up hay and haylage to both feed, and as insurance against drought. But boy I prefer to feed it direct as much as I can through grazing.
One other little comment is health insurance. I am a 61 year old NE farmer. My wife and my insurance with a $16,000 deductible is $2600 a month.
So true .. thats ridiculous ... insurance in general is a screw job - with health insurance just being flat out wrong ..... we're paying for to many freeloaders
Boy, I graduated with a Agriculture degree on 1973 and which I could be exposed to the knowledge you have express in these video, I loved farming. But I had to choose other jobs for more money per hour.
Much less stress and more income doing other things
New to your channel. I appreciate your view points on different ideas and inputs. Farm up in SE ND. I believe tough times are ahead for family farms in the USA. Thank you for the videos.
Thank you very much for watching .... I agree .. the future of farming doesn't look so good. Especially if everyone keeps going with the veggie burger fad
The farmer from your area that I worked for demonstrated with google earth webpage that the ground that had been grass pasture. Bought and plowed under to row crop. The top of the hills are sandy and the bottoms are deep silt. Satellite photos show that the sand is eroding down the hillside despite terraces .
Oh yeah It will ... takes several good corn crops with no till to stop it and even then it can be tough ... some of the ground people are farming probably shouldn't be
Also they tend to ship the electricity to places like calif. Because they get paid more for it. Here in Texas they said our elec. Bill was going to go down ,well mine has just steadily gone up.
Oh yeah, jt never stays local ... and I don't think weve seen anything yet- electricity could really go up in price ...
In Ontario here some guys are growing cran berry beans or “white beans” and that seems to be the specialty crop same with canola. Better then just corn and beans and wheat I guess
For sure! If you have a market for them
There are a lot of wind farms in central Michigan.
The solar farms are a big controversy in our area, once you turn that farm land into something other than farm, it’s hard to reclaim that land.
The solar panels are a touchy one ... because they cover so much of the land ... I personally think they are better suited out in the desert country vs in farm country....the worst part of solar, most companies walk away when they are retired- and it's the land owners responsibility to clean jt up ....
@@thefedupfarmer8482 there are lot of places for solar panels just not on good farm ground.
I agree ... but I guess anyone can do whatever they want to their ground too .... well until we loose our property rights entirely- which seems to be the direction things are going .... biggest complaint I have is when they leave the mess behind - sometimes even breaching cleanup contracts.....
A good friend has a farm excavation business. He has dozers, excavator, tile plow, wheel digger, plus an assortment of other equipment items. I'm not sure if he knows if he is coming or going.
That's the way I felt ...limited working days ... I just ran every direction at once
wanted to say a few yrs back, a milking farmer decided to build one heck of a large style building to raise ducks, we have several chicken farms here, selling the eggs for some kind of medical needs.
anyways once the cruise lines shut down, here to find out the duck eggs was being sold to the cruise lines, so now this farmer is shutt out of luck. guessing the milk check is having to help pay for that building.
That stinks...and dairy farmers aren't even doing very well either....
Great video. I liked all of the commentary as well. Bashing on the keyboard warriors, cursing, all of it. If that is 24t, you have a classic sir. I love my ragged out 336
Thank you for watching! ... I need to curb the language - although some find it hilarious - LOL 🤣 ... that small square baler was new in 1961 ...... make sure your watching my main channel - Black Earth Farmimg - I actually have some videos of that baler running ... my main channels the clean channel 😁
@@thefedupfarmer8482 @The Fed Up Farmer shoot taking it to 10 with them f bombs. I like it. 100% natural. 10-4, I'll go check out the other channel. Have a good one.
Hahaha! 🤣🤣 ..... I'm trying to compete with growin corn on tiktok - LOL!
@@thefedupfarmer8482 man your knowledge on the tractor models, options and the details which each model shares is impressive. I wonder if that could be applied as/towards supplemental income. Idk just a thought.
Thanks so much for the compliment 😊.... in some ways I'm doing just that ... hopefully the main channel continues to grow too ....
Making money farming can be hard. My dad retired in 2010, sold the farm and then he had money to spare.
Sadly most people selling out ... eventually the rich are going to own it all ...
Thanks for your content...I really appreciate it. How many acres do you farm? (if you don't mind the question)
Thank you for watching ... we own 1147 row crop tillable .. depending upon the custom work annd rented land, 1800 to 2500 acres total (varies on custom)... its just myself and my father who's 78 - so it's a full plate full getting it all done ....
@@thefedupfarmer8482 Thanks! Love the political commentary...I think you're spot on and I agree with everything you've stated recently on the oil, war, etc. situation
These guys who end up with farm managers from fsa end up so far in debt there's no hope of becoming debt free at least in our area. Keep costs low, efficient, and keep the banker out as much as possible. I see our banker every 5yrs to renew the mortgage at local bank. I trust him like I do my x wife.
That's well said and spot on .. less a guy has to deal with them the better off
Does your area have contract hog or chicken houses? They are a big thing here in Pa where we farm.
Bit of a back story there- that I don't want to post publicly... unfortunately there are just some things I can't say on you tube ... but yes, there are some hog buildings for contract - unfortunately those are sewed up for now, so we can't get our hands on any .... no chickens
I'm not a farmer, but I've watched other farmers and some grow corn for seeds. Is that an area that you could explore?
Thanks for the question... it requires special equipment and most is grown under contract .. besides some seed beans, not much of its growin in our area - I think the nearest plant is about 145 miles from us ....there really isn't much opportunities near us- unless it's just corn and beans
I am new to this channel, what is your main channel?
Thanks for asking.... Black Earth Farming is the main channel
Did you sell your krone Big sq baler?
Still here
Anyone combine fescue in your area .
Used to be a lot of grass seed harvest in the area - but not anymore ... I don't know of anyone doing it - or where a guy qould sell it ....
Build your own ?
There has been a few people build small ones ... but the big power companies got the laws changed, so when you push power into the grid vs buying jt they only have to pay you wholesale value ....
if u make hay and dont run cows whats up with that
A lot of places that buy hay are not hay producers .. such as feedlots .. even some cow calf guys don't put up hay - they figure it's cheaper just to buy it
Go watch Gabe Brown he will tell you how to farm with 1/8 input cost
I've seen those guys ... often times they don't cover all aspects - meaning how a guy makes it work financially
Lol there's one market that you can make a lot more than 160000 an acre but it comes with risks... Marijuana
On a serious note what about potatoes
Hahaha- that would def make money .....
Potatoes need sandy dirt (most are grown out west) ...they will grow here, but they are small .. gardens only