Jacob Gentry

@gavin_spoor Risky business, I like it. I shall tail you

First soybean sale on the books for ‘26 crop ✅ Accumulators are fun. $11.45 with a double up risk. I’ll take that

@gwiesefarms I am going to use this method someday. I’ve done the math and man does it open doors

Creative financing on farm ground does happen in real life. Farmer is buying for $1.6m privately with the seller asking for a 10% earnest deposit upon the signing of the purchase agreement. 1/2 is due at closing ($800k) which will be financed with their bank (at a 50% loan to value) on a more aggressive repayment plan. The other half is due to the seller in 5 years, with only 2% interest needing to be paid each year. Seller will take a second lien position until the second half is due. The farmer only needed to come up with the 10% down payment upon signing the agreement, they got the 10% back when their bank financing went into place. By setting up aggressive repayment terms, they will be in a strong enough loan to value position after 5 years to finance the other half with their bank, no additional collateral needed. Or they can renegotiate terms with the seller at that time. Cash flowing farm with no money down!

@FitDiscipleTN @ChrisRamsey60 Seems like mostly people who are trying to move out of the house garage. Woodworking, Window tint, detailing, artwork etc

@ChrisRamsey60 What are people using contractor garages for? Storing equipment and materials?

I have some bad news. Contractor garages are going to be on every corner in about five years just like Self Storage. Get in the game quickly Time is of the Essence.

@sawyera32 @erschwenke Not sure that this would classify as a barndominium. This is a house with metal roof and siding. I’m this is stick built and she’s looking for other options

@erschwenke Absolutely love mine. Did ours over a basement

Has anyone built a barndominium instead of a stick frame house and been happy with it? We need more room and would like to get on the farm. I hadn’t really considered anything other than stick built but maybe I should.

@BeetfarmerDave Why not just do interest only again? lol the amortization on a 50 year note might as well be interest only. Interest only has always worked great in the past 😂

You can’t tell me 50 year mortgages are dumb and also tell me land is worth 10x what it was 20 years ago. Pick a side

@gearedandready @WallStreetApes I could be wrong but I didn’t think you could qualify for marketplace if you had an employer provided plan.

Let's break this down, to not receive any tax credits to help with insurance premiums you have to have a combined income over $124,800 4x the median income. For a family of 5 Father, Mother, and 3 children, he is paying $1500.00 per month. That is $300.00 per month per person. If he is receiving ACA benefits this would put his income between $100,000 and $120,000 per year based on the premium amount stated. If this is his out of pocket contribution to an employer, than he should consider opting out and shopping the marketplace, could save him thousands. He has a High Deductible, HSA plan, the HSA is meant for you to pretax contribute to the account. Saving you income tax dollars, also dropping your taxable income, every person in his household qualify's. This is to incentives you to save enough each year to cover your deductibles. It works similar to an IRA and the funds can be used for healthcare in retirement. If this is not working switch to a PPO, Silver or Bronze, you will get $30 copays, covered annual exams, and prescription cards. Open enrollment is right now. No reason to not take advantage of this oppurtunity. @ThatMortgageGuy needs a financial advisor, or at least some coaching on how to manage health insurance. DM if you want help.

American father of 3 is considering cancelling his family’s health insurance even through it “feels very irresponsible.” He just can’t afford it anymore He pays -$1,500 a month in premiums - Each person in his family has a $6,000 deductible So he would have to spend “$30,000 in co-pays that we have to pay on top of the $18,000 in monthly charges to actually get coverage.” ‘Health insurance is the biggest scam’

@tihoma Were the high bid numbers bidding online? Those guys came to play

They did a nice job of summarizing the results. Tract 1 had a couple of usable older storage building and 2-6000 bu bins. Tract 11 had 14k storage in 2 bins. Overall it was a very strong sale in a usually strong area of southeast Iowa. Seemed to be a lot of farmer buyers.

@corn_porkNbeans @Farm4ProfitLLC Thanks for posting Corey. I was wondering more about how this worked. Do you take the full value or can you spread it over a few years like depreciation?

A thread 🧵- Buying land or have bought in the last 15 years??? You can’t write off land!!! But you can deduct a very large portion of that tax bill using a not well known tax law called section 180. This is how I saved over $150k on my taxes from purchasing land. Continued…

@kansasangus Example. I emailed a guy on the list the other day and he immediately calls me and talks to me on the phone for an hour about what I need to be asking my banker during a land purchase. I sure as shit didn’t pay him, he’s just a guy who actually cares about ag

@kansasangus Some of the ones who have podcast with expert guest provide an insane value to producers especially new producers. You no longer have to drive hours to go to a shitty conference, with shitty food and shitty salesmen to learn something. This is the way

When I first saw the Ag influencer list, I just rolled my eyes. (I did find it interesting that I didn't know the vast majority of the names...) But the comedy gold of said influencers trying to push back on the criticism and do an "aww shucks, we are all in this together, I just want to educate the good folks..." tap dance has been something else. -I'll keep watching but I'm looking forward to the first one that states clearly that they are in it for the profit, free trips and their own personal egos. Until then, we might not hate these people enough.

@FarmerTheta Thanks for sharing these numbers. I wish more people did the same so people would realize theres only $100/ acre profit before any machinery, etc.

@gwiesefarms I’m reading Wealthy Gardner now. 10/10

5 fantastic books on money I read this past year. What else should I check out? Pillars of Wealth -David Green The Psychology of Money -Morgan Housel The 5 am Club -Robin Sharma The Wealthy Gardener -John Soforic Main Street Millionaire -Cody Sanchez

@PlsntVlyFarmer I have a similar situation with grass sitting idle. Most cattle guys I’ve talked to don’t recommend yearlings. Why?

Younger grain farmer “I’m really having trouble having enough money to live on”. Me “well, you could run 40 yearlings on the pasture you let sit idle. LRP when you buy them and guarantee $200-$300/head profit off feed you’re wasting” Him “I don’t want to be tied down”. 🤦‍♂️🤦‍♂️

@NFLFantasy Started Higgins, McBride, nacua, Irving, Herbert and eagles D. Gonna win the ship by 100

How's your championship match going so far?

@NFLFantasy Tua or Herbert??

We're setting lineups again on NFL Fantasy Live!!! Send us a screenshot of your lineup and our experts will tell you who to start and who to sit!

@_TheMizzouTiger I would 100% agree that corruption is the major issue. Just don’t know that abolishing it would be the answer. Certainly above my pay grade but change is needed.

@GentryJacob Small guys biggest competitor is crop insurance. Google McBee Missouri and fraud.

@ColinMartel91 My opinion is the numbers are more known now. Seller sees comps selling for a price and wants that price. Most farmers aren’t paying investor prices

What happened to the days of calling a couple neighbours and selling your land… lots of land going through realtors now, promising bigger dollars or what

@CollinRugg I give her the benefit of the doubt. Stadium probably charges $8 for a bottle of water. Maybe she filled the can with water out of a water fountain. Been there done that

NEW: Toddler caught throwing back a beer at the University of Texas football game over the weekend. The child, who appears to be about 4, was seen chugging a Michelob ULTRA. Her mother appeared to be completely oblivious to what was going on. According to the individual who shared the video on TT, the mother was surprised to find out that her beer was all gone. "Mom gets her beer back *beer all gone*," said one commenter. "That's exactly what happened," the creator of the video replied. It wasn't until the individual told the mom that she realized what had happened. "We [told the mom] but by that point, she needed a new beer." Video: trish.prell on TT.

@ElPatron92081 @AlecBaldwin A blank doesn’t actually have the projectile.