@twotthree64 @buperac Oh do you. I knew it had to be 80% or something. But have to file chapter 12 before they will do the loan.
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Joey D
1.4K posts
@JoeAhome1 @buperac I think you have to buy your Crop Insurance from ARM also.
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Here is a pretty good explainer video describing the fall of Monette Farms.
For those who do not know, Monette Farms is a massive farm & livestock syndicate that farms over 400,000 acres. A $950 million dollar loan was called in April and Monette had absolutely no money to pay it.
This looks like clear abuse of the bankruptcy system as well, he could foresee this and still kept purchasing as many assets as he possibly could, he never put together a plan to strategically sell off assets and focus on a specific area, instead he inflated the debt as high as possible, demanded an emergency loan for another $100 million and will let all the creditors he abused eat shit while he likely funnels off grain to some strategic binyard somewhere this harvest.
Lets see what happens though.
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@twotthree64 @buperac Smaller scale up here but several doing that and locking up the land for years with a stay. Put in a half ass crop now borrowing from ARM at 13% interest.
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@iamyourfarmer @BrianWillott Oh and yes it’s for cotton. Typically those machines are rough depending on hours. Just depends on previous owner but cotton guys spray every week and some take good care of them some just run the crap out of them
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@BrianWillott He has equipment on a lot too, or that’s how it looked on the internet. I know auctions are always a crap shoot
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crop dividers on sprayer wheels, are those cotton machines? 2nd question anyone have experience with Kevin Dewitt in Sikeston, MO. Sikeston has always seemed like a place to avoid but maybe not.
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Not saying you can’t find something nice there but most of his lot stuff is equipment that didn’t bring enough at an auction for whatever reason and he got it cheap. That being said I know a guy who bought a tractor off his lot and has had great luck with it and got it for a good price.
My advice is just look it over real good.
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@iamyourfarmer @BrianWillott Ill tell ya this ive known people who have bought there. Theres been a couple of success stories and a couple I knew better than to buy that stories. I do like driving the lot and looking but usually everything I like and look at is trashed in the cab. Not all but alot
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@ShawnRyan762 It is. A business decision when Syngenta sells the fungicide to protect from them.
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“It is not a business decision when you decide to smuggle in agricultural funguses so that we can’t grow soybeans. And it’s happening. In the agriculture domain it’s basically full-on conflict, like the reintroduction of the New World screw worm, which is a livestock parasite that infects living animals. Most credible sources believe it was reintroduced by the Chinese — it didn’t just reemerge.”
@ssankar
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What’s your experience on chapter 12. Heard of a guy filing it. Says he has a stay on rented land. They can’t evict him. Doesn’t seem fair to the landlord to me. Seeing how he doesn’t have the money or financing to raise a crop properly. But I’ve never heard of it happening locally. Most just quit and sell out.
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It is March 17.
If you are a row crop producer in the Midwest, and you haven’t made your balance sheet yet…
Why not?!
The window has passed for you to create an optimal statement to analyze your position. Get it done today.
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Farmer with sons or daughters who live across the country. Send an email saying dad let’s plant corn in such and such farm. Is proof enough they are actively engaged in farming and get another payment limit.
Would save a ton of money. Looking into that fraud. But they vote Republican Somali daycares though. Wonder how they vote.
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@ElliottHenders7 @OGTCHedger @GaFarmer80 I’ve had a few over the years that are… sort of like the people misusing Crop Insurance. There’s a lot of them too.
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Two farms within 10 miles of me have went out this year. Big, well established farms. Scary times in southeast agriculture for sure.
OGTCHedger@OGTCHedger
"Golden Age of Agriculture"
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Anonymous inheritor pontificates and virtue signals.
The Rancher@THEsodakRANCHER
Keep a pile of cash for the year’s expenses and don’t borrow any money. Replenish pile of cash at the end of the year. Rinse and repeat year after year. This is what we have done going on 5, almost 6, generations now. I don’t know any different. Is there a better way to manage money on the farm?
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@JoeAhome1 @JohnBoozman @RepRickCrawford @SecRollins executive orders that were sent down last year that are just now getting implemented after it was too late to address it.. that’s literally the only backlog
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@JohnBoozman @RepRickCrawford @SecRollins the Trump administration and the South African consulates are literally ruining the H2A program and making it almost impossible to obtain employees. I want to thank you guys for the golden Age of agriculture. If there is anything else you guys could do to expedite my decision to exit this industry it seems you are working really hard to get it done.
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with the oil futures shenanigans last night and the nitrogen fertilizer situation that Luigi guy needs to be cloned…
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@twotthree64 @BX825returns @UCBearcat92 Wish more outside of farming understood this . It’s a bad thing when we get payments.
Real people getting bailed out are farm suppliers. Overload us with payments we have to either update stuff or prepay inputs. Or give it back to the IRS
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@BX825returns @UCBearcat92 every Farmer is on the government teat… the best years I’ve ever had is when I didn’t collect a dime from the government
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plant soybeans… hedge them.. we can bust South America and the fertilizer cartel at the same time.
Josh Linville@JLinvilleFert
We are officially 1 week into the war on Iran. Fertilizer markets have seen fundamental shifts to prices and supplies. The most important thing farmers can do: TALK TO YOUR LOCAL SUPPLIER. Global markets matter but more important is your local marketplace.
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@JLinvilleFert How much do the actual acres have to shift? Or how many acres the usda says is there have to shift? They lower the acres up the yield keep carry out the same. Doesn’t make any difference.
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How low does 2026 corn acres need to drop before the market narrative shifts from "we have too much so prices stay low" to "we are losing too much and need to buy acres back"?
That is looking very plausible and that would be a farmer win i would think.
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@gwiesefarms I gotcha. I wasn’t knocking. Just was getting a feel for where people were but yeah if your target audience is mid 20s your spot on. Hard to learn the stuff you preach the hard way myself.
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I post content that I hope will be useful to a 24 year old farmer with no financial history trying to make it work. So yes, all my post are very simple and focus on exposing the important details they need to know.
I’ve found:
1) detailed and complex content takes forever to create.
2) complex ideas don’t apply to most people, so that work doesn’t get many views.
3) the more specific I get, the more people argue that I am wrong!! 🙃
I try to save the more complex ideas for my newsletter. Thanks for following along!!
Joey D@JoeAhome1
Man you offer a lot of valuable insight I enjoy your content. But my question is. Most of the stuff you post is common sense or at least shoukd be obvious Or so I thought. Do you have clients or potential clients that do not know their numbers and just farm on feelings. Not a rude question in generally curious.
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Man you offer a lot of valuable insight I enjoy your content. But my question is. Most of the stuff you post is common sense or at least shoukd be obvious Or so I thought.
Do you have clients or potential clients that do not know their numbers and just farm on feelings.
Not a rude question in generally curious.
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One operation had four million dollars of equity and still had to quit. Equity could not buy seed or make payments.
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If they investigate like they did cattle processors, should have an answer in about 10 years of 🤷
The Food Professor@FoodProfessor
BREAKING: U.S. Justice Department probes fertilizer giants for possible price collusion.
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@buggy_ridge @BrianWillott Anhydrous prices too high to be profitable making meth. 🤣
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Economy in rural Missouri is so bad that our local meth lab just announced a lay-off.
Missouri, USA 🇺🇸 English
