Adam Bormann
1.9K posts

Adam Bormann
@AdamBormann
Corn & Soybean Farmer - Channel Seed Dealer - CPA
Stickney, SD เข้าร่วม Aralık 2010
929 กำลังติดตาม867 ผู้ติดตาม

@FoulkShay Trash out everyday and burn all the target and Amazon boxes what feels like almost every day
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@sanegrain Do we need to set up a bunch of residences in corporate headquarter cities to maintain our stocks?
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@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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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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@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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@bl_ag_inc Yup. It separates the men from the boys when drafting GAAP financials
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@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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@Bkitch1Bodie @JMCampbellFarms What caused it? Scared when that happens to me someday
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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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@DamianPMason @steffensenry25 No never hear any one talk about the opportunity cost of the money when deciding to buy something vs custom hire it.
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@AdamBormann @steffensenry25 Yes. There is. I thought you were saying there isn't.
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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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@DamianPMason @steffensenry25 I think there’s a lot of opportunity cost
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@AdamBormann @steffensenry25 You think there is no opportunity cost to having millions in the barn to be fired up only a couple weeks per year?
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@DamianPMason @steffensenry25 Opportunity cost is a mystical concept
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@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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@sanegrain Keep the trains going. CHS shut us down today until the next train
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@bl_ag_inc @ChetEdinger It forgets to rain in Aurora County from time to time.
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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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@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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