Season 4 Episode 04 - The importance of Diversity in Business

[@justingulick6747]

I worked for a farmer, a small farmer here in Illinois and still do from time to time, but he only had wroughly 300 acres or so and he taught me about everything y'all have discussed. The one thing he said that has always stuck with me is that farmers are the only ones who go in dept and bust there ass all year long just to break even at the end of the year. He is a very deverseafied individual and he's one of the smartest men I know at the age of 90 and he never made it to 4th grade. I have nothing but respect and love for our farmers. My hats off to you farmer Chris and to Dale the gentleman who forever earned a place in my heart.

[@gerardocabrera3787]

⭐💯👍God Bless you farm Chris👍💯⭐ ⭐ Gloria a Dios⭐ 🌿🌲 Glory to God. 🌲🌿

[@randycook4364]

Some of the best education you will ever get. I am not a farmer or dirt guy, but this applies to so many applications. Thanks guys.

[@afewpointsfromperfect]

Thanks

[@andrewbreaker8999]

This is fascinating, as everything chris has said is happening in the uk, here a local farmer i know always said farming is the only industry that buys at retail prices and sells at wholesale. Also supermarkets have a lot to answer for here regarding trying to hammer down what they pay for crops. Love chris, hes very knowledgeable. Look forward to your podcasts. I liked the part about money being asset rich but not account rich, problem i see now is when companies say the so many million or billion in bank, or debts, it money on a screen now rather than having that money in a safe in cash or whatever.

[@jasonwade9938]

Hey Mike and Chris, as a business owner I totally agree with your philosophy. In 2008 we took a major hit only being project-based, but since then we have diversified our services and client base. We increased our business by 50% each year during the pandemic. Now I just owe more taxes.

[@plantmanager2176]

Just sit here listening to your podcast from the UK it all goes exactly the same here, all businesses it seem face the same challenges where ever you are, it is nice to know we are not alone in the struggle.

[@laceitup1]

Man you guy's hit on so many great points that I've been saying for a few years now. Thank goodness there are more people like you two in this world! I believe this junk that the media is pushing down our throats is just a fad! And I also believe there are more people that don't feed into the fad than there are the ones that went off the deep end, so to speak! Like having more compassion for animals that a human being. Don't get me wrong, I have a lot of compassion for animal, they have fed humans for millions of years! I love my dog too! But until the time when humans have more compassion for each other this world is on a downward slope. Without farmers we will not survive! So much respect for the small farmers that have been doing it for generations! More so the older I get! I was raised on a farm and know the work that goes into it for running it. It gave me the values I use in my life today. This was very informative and interesting from two very smart men! Thanks!

[@afewpointsfromperfect]

Thanks

[@garydillon3960]

Good morning Mike and Chris. Thanks for this informative program. It's a shame how our country has mistreated our farmers and sending so much to other countries. I hate picking a product and seeing Made in China. God Bless our country, Farmers, and You All. Merry Christmas.

[@Peter89133]

Always informative listening to both of you talk about your respective businesses and strategies for success and survival.

[@JayMcGinness574]

Great talk, it is a good thing you two do this to pass along what you have learned over time. Thanks!

[@LifeWithButch]

I’m no farmer but really enjoyed that discussion. Good advice for all business ventures.

[@afewpointsfromperfect]

Thanks

[@frankmorrow2270]

Ive worked as a farm hand big portion of my life couple small 500 acre dairy farms and I worked a 1000 milking head 7000 acres i milk 6 days a week and Sundays i worked i tractor shop utmost respect for our farmers

[@2wheelzdown180]

It’s always great to hear to average people that appear to have a pretty stable business/life plan help explaining it and giving others a different perspective to approach scenarios 👍 great podcast Dp and farmer Chris . Keep them coming

[@jerryfitzpatrick3667]

Another great podcast. Excellent conversation. Looking forward to the next one. Thanks...

[@kevinmurray7135]

It was a good watch for my first time watching this kinda thing I’m going to start catching a few more to see how you all doing in this field it was informative and having more than just one thing I agree it’s a lot of stuff going on and you guys do well from what I’ve seen 👍😎🇺🇸 NY

[@afewpointsfromperfect]

Hope you enjoy

[@brianbiesterveld3996]

Its alwas great listening to a new podcast, keeper coming!

[@chrisgalliher497]

So much respect for both of you!

[@afewpointsfromperfect]

Thanks

[@2wheelzdown180]

Great way to start my Sunday morning 👍

[@Coopdaddy70]

You two mesh well. Love these conversations.

[@afewpointsfromperfect]

Thanks

[@donnal.oglesby4806]

Very interesting chat, and I enjoyed it. Thank you both Farmer Chris and Mike for this one.

[@miachelkerschieter1383]

I'm glad Chris said it it is legalized gambling the board of trade is a bunch of crooks

[@ianh9772]

This was a brilliant episode, I can see why Wade & Captain get high views because of their personalities, but this discussion was so content rich I hope Chris can become a permanent co-host, and as in the recent few episodes, Captain, Wade, Chris and DP is a deep font of humanity

[@afewpointsfromperfect]

Thank you

[@digitmanken5468]

Always love these sessions.

[@SpeedSmith]

Love your chats. Excellent, Merry Christmas.

[@afewpointsfromperfect]

Thanks

[@rockman531]

Howdy Mr. Dirt, Great show! Enjoyed listening to both of you! Thumbs up! Jim

[@afewpointsfromperfect]

Thanks

[@SparkysGarage]

Love it if you guys could talk about setting up an LLC, business accounts, insurance recommendations (specific coverage's), building business credit, and dreaded taxes. Thanks for the info!

[@afewpointsfromperfect]

Idea thanks

[@georgeenriquez612]

I like the business talk, I always learn something

[@thomaskraan5191]

Once again; Thanks....

[@americanpatriot2.06]

My Father was stationed at Grand Forks AFB, ND for 11 years and I was stationed there for about two years. Sugar Beets and Sunflower seeds were there main crops in that area. They would do Sugar Beets for two years and Sunflower seeds for one year. The soil was very rich with that rotation.

[@Byroneidem]

My grandpa from the black hills 5800 ache he grew soy beans and feed corn for the pigs, he farmed it when he was 102 before hanging it up

[@johnaikema1055]

you seem to be good with your current equipment...huge step done. your shop is a financial gain overall. a shop addition with a bigger door will help keep equipment downtime to a minimum and allow for more shop projects.

[@stuartharris1481]

Always love these podcasts. Very interesting content

[@afewpointsfromperfect]

Thanks

[@maggiebloom833]

Greetings from the former legislative director for the California state grange.

[@afewpointsfromperfect]

Hello

[@NotmeGK123]

Yeah 20 years ago dad had dairy farm on 100 arches and did good!!! Then feed prices went going up and up small guy couldn’t do that so he stopped milking and went to raising beef cattle

[@jimhancock5047]

Appreciate the conversation!

[@afewpointsfromperfect]

Thanks

[@stashoski2675]

👍👍👍👍👍👍👍 very interesting

[@jeepguylv80]

one thing not mentioned, unless I missed it, is the relationships you build over the years. one of the most important things I have learned from working with my father since I was about 8 years old is the network of people you work with, we work with other contractors instead of compete against them, we have been in business since 1972 and have had 0 complaints with the contractors board and BBB, plus we have built a diverse network of relationships that there isn't much if anything we can't do to make money, the only thing that holds us back is the lack of good employees that know there stuff and who are willing to put in the work, but at least we have those relationships that we can refer the work to or sub it out and still be able to make a small profit from in the form of commission or we are able to get a contractors price and add a percentage for profit.

[@afewpointsfromperfect]

Agree

[@johnunsicker7440]

This is also why farmers don't plant just one seed number for all there corn or soybeans for the year. One you need what works for each field and to you got to have something that can do in a drought if you don't get the rain you need. So Chris might have 4 to 8 different seed corn numbers he plant. Like Chris said it is legal gambling. You pick your seed based on your normal growing season hope you get it in time and that you don't get a early frost.

[@drmckinley]

Great videos as always.texas watcher.

[@windzer]

Idk what you were debating about posting but post it

[@kylejones2075]

🎉🎉🎉

[@bobbrinkerhoff3592]

Something that you didn't mention is the guy that is " brand loyal " when it comes to buying equipment , and then runs into problems with getting parts and service . If he had diversified his brand choices , he could still be working despite parts availability / service issues from the " preferred brand " .

[@afewpointsfromperfect]

Yup we actually have another episode about that

[@phud9657]

👍👍

[@richardellis3141]

cool stuff

[@mrbakerskatz]

I woke with sleep in my eyes …….that didn’t last long . Great podcast !

[@afewpointsfromperfect]

Thanks

[@justinmills8084]

In 1988 the Mississippi River was at its lowest for decades.

[@Richard-C]

you mentioned borrowing money when you need to,in my case when i have money every body wants to lend me but if i have no money it's hard to find a loan is it like that where you are? great podcast 👏👏👏👌👌👌👍👍👍

[@shirleyc7175]

Good podcast 👍

[@afewpointsfromperfect]

Thanks

[@frick_works5082]

Farmer Chris what advice would you give someone that has the opportunity to farm their family farm with the purchase of some older, smaller used equipment. Around 120 acres and still have a full-time job with plenty of vacation time.

[@farmerchris1]

The land can be considered a protected investment if you pay for it with non ag money, but that’s where I would be careful and drawing the line, make sure the farm cash flows on its own, don’t pump off farm income into the farm just farm, you sure can go down a rabbit hole pretty fast.

[@frick_works5082]

@@farmerchris1 thanks that does make sense... It's been a life long dream to farm this. I grew up helping before things went south and my grandma started renting it out..

[@Robert-ns7id]

Farmers are the biggest gamblers of all they plant there money in the ground and cross their fingers and hope for good growing weather.

[@johnwarren-649]

They run barges on the Missouri River to uo too souix city ia I still haul lots of hams for export anlong with beef for export Alot of bakery is fed to cattle. People waste lot of food that cattle eat.

[@victorthomas6782]

Are you no longer uploading on Apple Podcasts?

[@afewpointsfromperfect]

Yes they are just behind

[@michaelchamberlain4618]

You forgot about the St Lawrence

[@afewpointsfromperfect]

Look the the freight numbers

[@lawrencebeeler6273]

You're forgetting about the Columbia river

[@afewpointsfromperfect]

Not even close to the Ohio and Mississippi look up the numbers thanks

[@reddog376]

Good morning every one. DP did you get the hammer?

[@afewpointsfromperfect]

Not yet

[@jeffgriffith490]

The main thing is not to a half ass job !!!😮😅😊

[@robertrichard9460]

Farmer Chris needs to run for public office and straighten out those clowns in Washington!!

[@CharlieMonroe73]

Don't even have to ask about your politics or hear you talk about them...Your views tells all lol

[@ccswede]

I thought I saw Farmer Chris dealing with pigs in an episode. Doesn’t he have animals.

[@thomasleonard1846]

Do you throw the government manure testers into the manure pile to get their samples? - lol

[@machinemoverman4614]

These are really good, I learned some things about the river I didn’t know, you river rats! Just kidding.😂

[@afewpointsfromperfect]

Lol