THE BUSINESS OF AGRICULTURE PODCAST

Listen to Damian's take on topics surrounding the business of food, fuel, and fiber, interviews with industry professionals, commentary, and other great original content. This podcast offers tips for success, ideas for self betterment, and mental stimulation for people who make Agriculture their Business.

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Sponsored By Pattern Ag, AGvisorPRO, and Truterra

Farm Bill 2023: Will There Be One & What Will It Look Like?

Every five years congress hashes out, argues about, and then releases a new and revised Farm Bill. At least that is what’s supposed to happen, although it may not happen for the 2023 version. Paul Neiffer, the Farm CPA, joins Damian to explain the current Farm Bill, predict what’s in the new version, and discuss proposed changes. The new Farm Bill’s spending is set to grow by 60% -- much of it for nutrition programs — but where else will this money end up? Listen and find out!

Sponsored by:
Pattern Ag pattern.ag
AGvisorPRO getagvisorpro.com
Truterra truterraag.com

Succeeding Despite A Consolidating Ag Customer Base

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 pattern.ag
AGvisorPRO getagvisorpro.com
Truterra truterraag.com

Depreciating A Farm’s Fertility To Lower Taxes? Yep, It’s A Thing

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 depreciate excess fertility on newly acquired farm land (purchased, not rented). Alec Bean with Agricultural Soil Management explains this crinkle in the tax code that might make your next farm land purchase a bit better for your tax plan.

Sponsored by:
Pattern Ag pattern.ag
AGvisorPRO getagvisorpro.com
Truterra truterraag.com

Are These Good Times For Real, And For How Long?

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 Commodities Economist with StoneX Financial and a self-proclaimed “glass half-full” guy discusses farm economics, trade, domestic consumption, burning through over-production, and why the USDA is wrong about China among other things.

Sponsored by:
Pattern Ag pattern.ag
AGvisorPRO getagvisorpro.com
Truterra truterraag.com

Online Ag Input Retailing — Is This Where We’re Headed?

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, relationship, and handling capacity. Lance Ramthun, founder of Farmerce, discusses his company’s incarnation, growth curve, and value proposition. This is a fun and moving discussion about the future of Ag input allocation!

Sponsored by:
Pattern Ag pattern.ag
AGvisorPRO getagvisorpro.com
Truterra truterraag.com

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