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Brady Schroeder
2.4K posts
Brady Schroeder
@BradySchro
little engine that could ~ HOLD THE LINE!! ~ views are my own ~ misunderstood
Katılım Haziran 2013
306 Takip Edilen309 Takipçiler
@RaileyKayBrown The best farmers push revenue. There is of course a law of diminishing returns which I think you’re referring too. But farmers need to continue to push revenue through yield and RM. The top 50% of producers manage cost… But the top 10% increase revenue AND manage cost.
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Stop chasing yield and start chasing profit. Too many farmers are still focused on yield yield yield this year instead of whether or not they’re over using inputs in order to have the bigger looking crop against their neighbor.
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@embdenhaymaker @gwiesefarms Exactly. If someone has the money and wants one, who cares? The media acts like all farmers are broke. Fact is, there’s still a lot of dollars out there and farmers that can pay cash for these assets. Is it the absolute best move? Probably not... But who cares!?
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@gwiesefarms Grant, the people in Western North Dakota who own these tractors don’t have payments. Not uncommon to hear stories of wealthy individuals derived from minerals wealth walking into dealership and trading whole line of machinery for new and writing a check for it.
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I’ve said this a bunch of times on here. Tractor payments are as big as land payments.
But yet we can’t ever ‘win’ the bid for a farm because cash flow (tractor payments) are too tight.
Blase Hendrickson@hendricksonfarm
Buy a 1/4 of farmland or a used tractor w/500 hours on it. Yes I know that won’t buy a 1/4 everywhere but I can’t spill a bag of corn seed and grow 200 bu corn here either. The real question is who is in the market to spend $950k on a USED tractor w/ a 5yr note?!?!
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@gwiesefarms (2) But once you get to that point then owning land matters because that’s how you take your business to the next level. If you go all in on land right away you’re tied down forever. 33-50% owned to total acres seems to be a reasonable balance in my area.
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@gwiesefarms (1) It’s a great question. I know it’s not a math equation. It’s an art that you have to understand about your operation. Rented ground and efficient equipment/facilities gives you opportunities for cash flow and growth.
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Buying appreciating assets>buying depreciating assets.
One creates tax problems and wealth, the other solves tax problems and can leave you broke.
Chris Ramsey | SMB and R.E.@ChrisRamsey60
The cash flow all goes to real estate. I have no desire to buy anything else besides more real estate. Snowball effect.
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@PoppePaul It’s a red flag you don’t know what working capital is. Very few farms don’t have working capital.
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Every farm operation has negative working capital. No one is making money from farming in this economy.🛳️
Grant Wiese@gwiesefarms
If your operation has negative working capital right now, it should be all hands on deck code red.🚨 Changes need to be made, whether that be: -rental rates -yield targets -bad marketing -debt payments -living expenses -overpaying on inputs -wrong insurance plan -the list goes on and on Ask around to find out where you have it wrong. Just because we’ve had a run up in commodity prices doesn’t mean there isn’t something fatally broken in your operation. What goes up must come down. If you act and I am right, you may have saved your operation. If you act and I am wrong, your finances will improve faster than expected.
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@CBKimbrell @gwiesefarms I’ll take the extra working capital with some equipment debt. Cheap interest. Those that have updated equipment have done very well over the years and are well positioned during downturns as they have an established line and don’t have any “needs”
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Unpopular opinion. If you have been farming for more than 15 years, you’re making a financial mistake by borrowing money for tractors.
Grant Wiese@gwiesefarms
REALLY feel like you need to update your main tractor but can’t afford it? Many operations have too many tractors sitting around. Trade your main tractor and get rid of 1-2 older models, you can actually decrease your debt load.
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@TheRabbitHole @fentasyl What do they consider as the 5% rich? By MV balance sheet? Net income? Neither? Both?
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The rich actually already pay more than their fair share of taxes.
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Brady Schroeder retweetledi
@mcuban Farmers are simply the pass through for the $ to go to the big Co’s Mark come on you of all people should know this. Most farmers don’t want or need the $.
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If taxpayers funds this, should the President ask for equity in the farms ? I say no. But if they are going to be consistent...Same with the money going to rural hospitals.
If we took equity from Intel and MP , why shouldn't we do it with all for profit companies that get funding ?
Aaron Rupar@atrupar
Brooke Rollins: "Soybean, corn, wheat, sorghum, cotton farmers are facing very difficult times. We are currently in conversations here at the White House, across the government, on a farmer aid package."
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Brady Schroeder retweetledi
If you watch anything from today's Charlie Kirk memorial service, let it be these words from @MrsErikaKirk.
This is the Gospel in real life. Just... wow.
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Brady Schroeder retweetledi
Brady Schroeder retweetledi
The Sandlot - 4th of July night game will always be a classic
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I’m convinced the NBA just chooses who they want to be good. This SGA guy wouldn’t even make a roster if he didn’t push off and flop every possession
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@krollknows First time really watching him. How does he get away with that?
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@Codie_Sanchez 22% DTI is very very solid. There are no issues here unless this family has a spending or gambling problem. I would’ve kept some funds back for liquidity and taken DTI to 25-28%. A 3% increase in wages per year means an extra $10-$15,000 a year in income as well. Very solid.
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The system is designed to keep you comfortable, not wealthy.
This financial autopsy of a 36-year-old couple earning $350k proves it.
Look at these numbers:
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