No money for the Farm...

[@chrismclaughlin9302]

I stumbled across your channel tonight. I teach full-time and farm part-time. I would love to farm full-time. Unfortunate, banks in 🇨🇦 don't want to deal with new farmers. As a result, I've had to limit my farm business. I hope you can find a financial solution. I wish you and your family the best.

[@americanbeefranch]

@@chrismclaughlin9302 thank you!

[@GeigerFarm]

We are going to continue to see things that have not been seen before 😳😳🤷‍♂️. Resilience is critical, environmentally and economically. Sometimes an answer comes from a place that you weren’t looking OR never comes because you were asking the wrong question to begin with 🙂

[@americanbeefranch]

@@GeigerFarm very true!

[@markhasenour12]

I'm a farmer in the corn belt. My advice is get your income up no matter what. Sell absolutely whatever you can or down grade whatever you can. Seek out different lenders! Some lenders like FCS just have certain financial marks in debt to income that they will not approve. Make a realistic feasible plan with local predictable markets to make the payment and present it to any lender that will listen to you.

[@americanbeefranch]

@@markhasenour12 thank you! debt to income has definitely been an issue. Student loans throw mine off. We have a plan and a budget. In contact with several lenders. Just wait and see!

[@christianlacasse2937]

Beautiful view

[@johnzeit919]

My first banker told me, I quote. Loaning money is a tool not a weapon !

[@americanbeefranch]

@@johnzeit919 definitely understand that

[@linneamitchell7853]

Resilience

[@casefarmer6327]

May I ask what you went to college for? How much money are you looking for? How many acres are certifed organic? What would be the use for the money? What crops do you grow? I ask these questions to help myself and others understand your situation and if we can offer assistance.

[@americanbeefranch]

@@casefarmer6327 health and physical education. Looking for 1.75M to 2.5M depending on deal structure 512 acres certified organic currently 185 crop acres can increase depending on deal. We can grow corn, wheat, barley, fiber hemp, carrot seed, edible dry beans, alfalfa, Teff, orchard, Timothy, rye, triticale, potatoes, sugar beets, and others..

[@casefarmer6327]

@americanbeefranch Ok with that said not trying to be nosey in your business but 1.75m to 2.5m is that for input cost for the cattle and row crops or a full fledged partnership to by a percentage from you.

[@americanbeefranch]

@ like i said it depends on deal. $1.75M on row crops anymore the partnership changes. $2.5M partnership with added enterprises

[@gbofarms]

@@americanbeefranchDoes Idaho have a large horse population? I ask because I thought so heard about that somewhere and if so sprayed and fertilized Alfalfa square bales are a very high profit margin business if there is a market up there. It’s also very good for your soil as a nitrogen fixer.

[@americanbeefranch]

@ Idaho is one of the largest and probably produces the the highest quality alfalfa in America. Unfortunately our market is determined by the export market and in 2023 it crashed and hasn’t recovered yet. Premium horse hay is something we will do eventually but the equipment is once again a problem and customer guys do their best but never quite good enough.

[@dralord1307]

Whishing you a Christmas Miracle bud. Uhm one thing you could look into, it would suck, but you could consider selling a good chunk of your cattle. Then using that to expand your faster turn around operations. The chickens, maybe sheep and goats. I know pigs also do well on organic farms.

[@americanbeefranch]

Unfortunately we did that 2 years ago. These ones here are leasing pasture from us.

[@dralord1307]

@@americanbeefranch :( thats unfortunate to hear.

[@Mark-qq5po]

Hate to be negative, but from what you said, you need to call the auctioneer tomorrow. You need a deep pockets sugar daddy, not banker, to keep that farm going. What have you got to offer a partner a return on his investment, without diluting your equity even more, which will not help you survive. Have a sale, get a job driving a truck. Lots less stressful, and good money to be made.

[@americanbeefranch]

@@Mark-qq5po a partner could make 7.5% easily if they just took the debt out. Property would still under 75% LTV. There is room to make plenty just still looking for the right person.

[@johnzeit919]

40 Ltv is already risky

[@americanbeefranch]

@ not when the crop is worth 350k

[@barm9687]

What type of hay are you growing?

[@americanbeefranch]

@ organic alfalfa when its in hay. It 512 acres total. More than just crop ground

[@barm9687]

$13K an acre for hay ground? Where the hell are you at? Also did you not have crop insurance in 22? Hate to break it but you are likely too far in the hole. Time to sell.

[@americanbeefranch]

@@barm9687 its not just hay ground. The property has more value than just crop ground

[@brandonwood1397]

Go get a oilfield job and save your farm.....

[@americanbeefranch]

@@brandonwood1397 that might work !

[@johnzeit919]

Farm credit services would help you big time.

[@americanbeefranch]

@@johnzeit919 they said no multiple times. I wish they would help

[@Tapit-z8j]

Get a job

[@americanbeefranch]

Ok?

[@simeontmoedl6929]

@@americanbeefranch I might be way off, but is there any off farm income coming in(not including the fertilizer business)? If not I’d seriously look at another source of off farm income from your self coming in. An off farm job could show bankers some reliable income coming in. More income could offset your income to debt load. It might be tough to go work all day somewhere else just to come home and work at night to get everything done on the farm, but you need more income from what I’ve heard in the videos I’ve watched.

[@americanbeefranch]

@ the farm has income now. The hardest part is not having three years consistently of profit. 2022 wasn’t the best but still showed income. 2023 lost 100k 2024 was profitable and price the property can more than cover a debt load and reach the yields we are expecting.

[@simeontmoedl6929]

@@americanbeefranch but from the videos I’ve watched the income you have coming in from the farm isn’t enough, correct?? Another source of income to pay off your debt, or even to make your current payments at a faster rate. Then use your farm income to make the improvements & upgrades you want & need to reach your efficiency goals.

[@americanbeefranch]

@ yes that would work but I have to consolidate all the other stuff first