Adam Bormann

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Adam Bormann

Adam Bormann

@AdamBormann

Corn & Soybean Farmer - Channel Seed Dealer - CPA

Stickney, SD Katılım Aralık 2010
929 Takip Edilen868 Takipçiler
Adam Bormann
Adam Bormann@AdamBormann·
@FoulkShay Trash out everyday and burn all the target and Amazon boxes what feels like almost every day
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Shay Foulk
Shay Foulk@FoulkShay·
I don’t mean to brag, but I’ve read TEN Magic Treehouse books this year. Also, is 3 kids the number where the trash has to go out every single day? Building a family is awesome, man
Shay Foulk tweet media
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Adam Bormann
Adam Bormann@AdamBormann·
@sanegrain Do we need to set up a bunch of residences in corporate headquarter cities to maintain our stocks?
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Adam Bormann
Adam Bormann@AdamBormann·
@gwiesefarms I like to add back the current crop year expenses and track where the WC is at from that if it changed from year-end. Easy to do if you do an annual budget
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Grant Wiese
Grant Wiese@gwiesefarms·
While Working Capital ratios are the most important to me, you shouldn’t track them daily. Depending on the time of the year, your WC will shrink as expenses pile up without anything to show for those expenses yet (think before harvest for a row crop operation or before calving season, you don’t have much to show for your work on the balance sheet). Farmers need to do an annual balance sheet. They could do a quarterly one to keep an eye on things but anything more than that isn’t helpful. If you want to track something daily, it should be on your cash flow. Keep all expenses updated and make adjustments to yield/price potential as you move through the season. This ideally would include the living expenses as well. If you are in the cash flow statement every day, and being active to improve the bottom line margin, it would be hard to not make a profit every year.
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Adam Bormann
Adam Bormann@AdamBormann·
@jimiuorio 100%. A person’s vote for higher taxes means they believe the government to be a better allocator of capital than the people to increase the standard of living of the whole.
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jim iuorio
jim iuorio@jimiuorio·
Billionaire often spend and invest their money with little regard for what benefits the public. They are solely focused on themselves. However, in an ironic twist, that motivation ends up benefiting society 1000x more than if the government confiscated and allocated their capital…
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Adam Bormann
Adam Bormann@AdamBormann·
@bl_ag_inc Yup. It separates the men from the boys when drafting GAAP financials
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Brent Krause
Brent Krause@bl_ag_inc·
@AdamBormann To me it’s the missing link between my P&L and Balance Sheet. Helps complete the picture and bring it into focus Just me 🤷‍♂️
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Brent Krause
Brent Krause@bl_ag_inc·
Cash flow is by far the most misunderstood concept in ag finance and it’s not even close
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Bodie Kitchel
Bodie Kitchel@Bkitch1Bodie·
Hauling corn out today. 215-70 beautiful grain quality 15.7% moisture 61# TW Got home after 8th load plugged center sump. Took a great day of hauling and turned it avg quick. And all @JMCampbellFarms had to say was welcome to owning bins 😆 A lil sympathy would have been ok
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Damian Mason
Damian Mason@DamianPMason·
Truth: Way too much money is tied up in farm machinery that is horrifically under utilized on most farms. No other business would outlay capital for such paltry returns. But...farmers like machinery.
Matt’s Holstein steer emporium@MattHintz3

@DamianPMason The older I get the more I hate it.

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Damian Mason
Damian Mason@DamianPMason·
@steffensenry25 I get the seasonality issue but the amount of money tied up in machinery that sits most of the time is not good use of capital.
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Adam Bormann
Adam Bormann@AdamBormann·
@sanegrain You’re the voice the accounting industry needs 👍
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Adam Bormann
Adam Bormann@AdamBormann·
@sanegrain Keep the trains going. CHS shut us down today until the next train
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Chet Edinger
Chet Edinger@ChetEdinger·
Land sale Aurora County, SD today. 3 quarters, 431 tillable, PI range 76.1 to 85.4 It sold all to go for $7,500. Hutterite colony bought it. Appraisal on it was for $9,000. IMO comparables in appraisal were bad. Selling price was 89% of the high in the county from 2 years ago.
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Josh Linville
Josh Linville@JLinvilleFert·
2025 sucked for farmers 2026 doesn't look much better I know it isn't much, but I am dropping the StoneX Farmer Fertilizer Newsletter annual cost from $300 to $240. Monthly is still the same. It doesn't fix anything, but my very small way of helping. shop.stonex.com/products/farme…
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Adam Bormann
Adam Bormann@AdamBormann·
@gwiesefarms Good thoughts. FieldView is giving me huge ROI this year as I’m slashing products I’ve been using/testing last 3 years that aren’t proving out
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Mason Mayer
Mason Mayer@MasonMayer26·
@Chris1009 As a former agronomy sales guy, now farmer/cattle guy, you gotta know better than this!!! Especially on a cold call.
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Chris Ver Meer
Chris Ver Meer@Chris1009·
Literally a cold call salesman on the coldest day of the year while I’m feeding. That’s going to be a tough sale
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