How Much Money I Made Farming From Scratch

In this video, I will break down the cost and revenue from my first year. Also at the end, I included the income from this KZbin channel so far this year. Hope this is useful information for someone out there.
American Farming App Store: apps.apple.com/us/app/america...
American Farming Google Play Store: play.google.com/store/apps/de...
SquadBuilt website: squadbuilt.com/
Resources used:
ISU 2022 Land survey results: www.card.iastate.edu/farmland...
ISU 2022 Cash Rent survey: www.extension.iastate.edu/agd...
ISU Custom Rate: store.extension.iastate.edu/p...
Cole Cornstar Video: • How Much Money Do Farm...
Good Podcast/YT Channels:
-Jocko Podcast: jockopodcast.com
-Gary Vee podcast (Positive)
-The investor's podcast (Preston Pysh)
-My first Million podcast
-Bob Luckas: • Bitcoin's 4 Year Cycle...
(Watch the first video and watch from the first to the most up-to-date video this is not investment advice. Just an interesting way to gain a clear mindset)
0:00 Intro
1:25 Cost
6:35 American Farming
7:24 Revenue
7:48 My thoughts
12:00 KZbin Money
14:08 Outro

[@garagebrothers2023]

I honestly don't think you're bragging at all. I just really like knowing about all this stuff It's pretty cool.

[@spencerhilbert]

Thanks I appreciate it!

[@AWvyren]

I do agree with that, Bragging looks diffrent. What you show is not just "I made 10 billion in 5 yrs" It shows the "Dark Side" aswell. Good Job on the Video love it and hope ya will have a bit more luck with market prices towards your Benifit :D

[@sshumkaer]

I totally agree, this stuff is interesting. i am old man 41 broken down but I wat to do the stuff your doing, so I find inspiring

[@mattiantorno2241]

Spencer, i like your style. You do a great job at explaining to us what ever youre working on. If you're enjoying the farming lifestyle, the finances and its stimulating enough for you, then continue doing it. We all like watching you videos, thank you for sharing them with us.

[@spencerhilbert]

I Appreciate the comment! Thank you!

[@Philip212]

@@spencerhilbert I agree, this is interesting stuff. As someone who grew up in a big city on the other side of the world, but might make the sea change to country life for kids, it would be nice to at least bail our own hay for animals

[@johnnytoobad4287]

In 1964 my dad bought 160 acres for 16,000. People thought he was a fool for paying that much. The farm next door(about the same acreage) just sold for 9000/ac. In the future you will only regret that you couldn't buy more. Good luck,farming is a very rewarding way of life.

[@charliehargrave7458]

Sixty five years ago farm land was selling for 200 to 300 a acre, today it is worth 7 to 10 thousand a acre. For 65 years you fight the weather, grain embargos, stupid Washington politics and you pay double the rate for social security taxes for being self employed and you have to be paid government payments to stay in business. If farming produced a good living there would be more than 3 percent left.

[@Dinkslayer681]

​@@charliehargrave7458that's a good point but I believe it's just a lifestyle

[@tapnad7263]

@@charliehargrave7458 Rewarding doesn't have to mean materially speaking.

[@pilsplease7561]

Property I live on was bought for 20,000 in the 70's really really really expensive land back in those days, now the property and the house and etc is like 5-6 million easy. Huge ROI

[@tomwalsh1331]

The world could use more people like you and your brother. Really appreciate the honesty. Hope next year is even better!

[@spencerhilbert]

We appreciate the comment! Thanks

[@RouthFarms]

Spencer, as a young farmer and having a young KZbin channel I appreciate you. I hope maybe one day for my KZbin channel to make a little extra money, but you sharing your numbers really helps give an idea of what to realistically expect. I wish I was as good with numbers as you are because your financial breakdowns, and video editing skills are phenomenal!

[@spencerhilbert]

Glad this was helpful for you. Like you said it’s good to know what to expect. You could make $0 or a million if you work super hard. It’s good to have a side job that has unlimited earning potential.

[@robervin9107]

This was heartwarming. Bud and I know grant would never actually take the money anyway. I’m proud of you for making this video seeing the smile on your face. The KZbin money is a bonus for your hard work. You started this journey to spend quality with grant. You can’t put a price on it and we love it

[@ripperlipper1016]

I see your comments everywhere

[@wasd782]

The amount of inspiration and entertainment you give to hundreds and thousands of people (myself included) - $Priceless.

[@robervin9107]

Amen

[@jeremiah5313]

Don’t forget to add in the fun you had + the challenges + working with your family and friends, etc = priceless. 😃👍

[@EagleYin]

You are not dumb at all my friend. This is great material for the community online. I’m not in farming business by any means but I just want to say thank you for your video. I feel like I learned a lot! Keep up the good work buddy!

[@jackmorrison8030]

I’m an Oklahoman that didn’t grow up in a farming/ranching environment. I find your videos incredibly interesting and helpful as I’d like to start a farm someday.

[@marinvlahovic2950]

You are young and have just started farming and that is good because you still have a lot of time to succeed. You have a good start for a new farmer. Just be brave and never give up. Some years will be difficult, some ideal, as they say, it's a factory under a clear sky. Best regards from Croatia!

[@Tulunzee]

Thank you for the transparency on this Spencer! You put a lot of effort into getting to this point and I wish you many more harvests!

[@Derailedtrain666]

Thanks for sharing this information, I have watched many different KZbin farmers over the years and nobody has shared this information before. You make great videos, and I wish you and your brother the best!

[@paragonsurfs9010]

Thank you for sharing Spencer love to see it broken down into detail hope you the best and to keep making memories

[@thepowerboysllc7979]

Fantastic Video! Appreciate your time and all the information you sure with us all!

[@mcd5082]

Love that you keep it transparent and real! Helps people make better informed decisions

[@kanlife5768]

Thanks for your honesty. This was encouraging to watch.

[@anthonydolezal6627]

It's been interesting watching both of you guys starting out. Don't worry about what others think. Do it your own way. Can't wait to see how it goes in the years to come! Keep Smilin!!!!

[@kingsgambit7734]

Just a terrific overall job or showing start up costs and expenses and especially enjoyed the land price discussion. Wishing you nothing but the best and seems like you are doing a good job and using KZbin to help you get started was fantastically smart!!! :)

[@zcole6612]

I think you are probably the most Honest person on KZbin . My personal opinion your Neighbors can give you the best advice for your farm and your dirt.

[@spencerhilbert]

I agree Neighbors have been the most help by far!

[@HermmyElf]

Great Video! Lesson learned in realtime is priceless, plus working with your Brother. Thanks, this will benefit many moving on, I think many are moving back to the land, this will help them all. 👍

[@yetti_31]

Man this is awesome. I’m looking to get into farming with my father in law in the next couple years. This is really good information to have. I’ve crunched the numbers and it takes a lot to make money when you’re starting out buying farmland. I’ve binged yours and Grants videos the last few months and i can’t wait to see where y’all go!! Maybe i’ll be able to join yall in the farming world soon!

[@eastonA11]

This is absolutely appreciated, much respect for being humble and honest. 👍

[@rcwayt4020]

Thank you Spencer for the information! I have a small beef cattle operation, i raise for freezer beef for family and friends! I work on many farms locally, I would love farm on my own. This information is much appreciated Im sure by many people!! Thank you for the awsome content!

[@quentinwilliams9573]

Hey Spencer I just found your account and I didn’t grow up around farm life and I want to grow my family into that and I’m thankful for your videos!!

[@tomholmes1350]

Thank you for sharing what I’m sure was not a simple video to create. Next year’s numbers will be fascinating because you will have something to use for comparison and your experience will start giving you an even better return.

[@paulinanuman3200]

Hey Spencer, I really apreciate the videos and I would love it you post more videos because I love watching the farm transform and I'm growing sweet corn this summer so I would like some inspiration to get out in the field.

[@j.b.struckinadventures4993]

That’s farming mate. It’s hard to start up from scratch but you’re going at it the right way by helping your brother so he can help you. Also it’s tough making money off of farming the same year you buy land but because you bought it you still have it next year to have another go at it. You can turn numbers any way you want on paper to make it look either positive or negative. I like how you’ve looked at it and I’d do it the same way. Keep it up. I found your channel not long ago but I binged your videos and really enjoyed them. I look forward to watching the next one 👍🏻

[@brentclarke1841]

Bravo Spencer, videos are great, great content,, you and cole are the only one's I've seen talk about money,farm cost and bottom line,, TY 👍🚜👍

[@Thekman882]

Yo Spencer I farm to I love watching other farmers do what works for them and also see new farmers like you start out I love watching this stuff. Keep up the good work❤❤❤

[@silverbackscopesgeog]

I greatly appreciate your content man, growing up in the suburbs I've learned so much from you.

[@travisdieringer3420]

Great video! Thanks for sharing info most people won’t. You and Grant do an amazing job and I look forward to each video! Keep up the great work!

[@spencerhilbert]

Thanks so much!

[@mattshell7753]

I truly enjoy you and Grants KZbin page I love when you guys each post 1 I'm so happy for you you're the most honest youngest farmer out there Be safe over the winner look forward to more videos thank you

[@danieldzurko8053]

Thank you for the information and transparency.

[@selfmadefarmer2020]

Really enjoyed your video thanks for the info and value add. Makes me really want to expand more into KZbin.

[@tibetfruit2324]

Good factual and honest report. Best to you next year and into the future.

[@rosquirk9310]

This is very cool to see and hear as a younger generation looking to start. You and grant are awesome!!!

[@jeromep976]

Nice job Spencer! You have bragging rights after clearing the land and growing a nice crop. For a first generation farmer that’s a huge accomplishment. Good luck in the future. Farming is a long term commitment and you are bound to be in the red at the start. This will help make you financially viable in the future.

[@Volfarmer]

This is a great KZbin channel. Thanks so much for posting real honest videos. These videos have already helped out so many people! It’s great to see other young people interested in farming. You and your brother obviously have great minds, making a mobile video game, creating a successful KZbin channel, and starting a farm from scratch and buying the land and equipment you did. This was definitely a successful year for you! Your videos have helped me and many more small farmers starting out! Thank you for sharing them!

[@spencerhilbert]

I really appreciate the comment! Hope you have a good 2024! Thanks!

[@danmagstadt8345]

Great first year man! Next year with the knowledge you gained from this year will be even bettter! Haters can hate, there just jealous they don’t have what you have. Keep it up and always waiting for the next video!!

[@angrybird2598]

Really loved the content and the transparency , love your content bud keep it up. Really made me learn a lot of stuff and created new interests

[@spencerhilbert]

I Appreciate that! Thanks! Merry Christmas

[@Jenn-bz9ws]

Great video!! Thanks for sharing!!

[@Kevin986_]

I watched the entire summer. I was very entertained. Thank you

[@glenkellner9936]

Great video, I am curious about creating as well. Thank you for breaking down the numbers. Give me a few years and I plan on starting my own farm.

[@brandonblack8896]

totally cool that you got into the transperancy of your year farming. I know it wasn't a lot, but one bit of profit/loss you left out was buying the haying equip and then making/selling the bales.

[@lilrock8457]

spencer i live in iowa too i appreciate these videos it reminds me of working with dad on the farm

[@FailureatRetirement]

Great job Spencer! I started farming for the first time in 2008 and did about the same as you. As you said, there are many ways to look at it but at the end of the year I didn’t have any extra money in my pocket. After that it took off pretty rapidly and exceeded my wildest expectations. It was the best thing that I ever did for myself and my family. No matter what happens I’m sure that you will look back at it in ten years and be glad that you did it. BTW, where I live the most profitable ground you farm is the ground you rent. It’s very difficult to find but when you do it will be much cheaper than taxes and interest.

[@tstears1]

Great video Spencer , you’ve showed us more then all BTO video farmers have showed us. It was very Interesting

[@headero]

gotta pump up that balance sheet for borrowing power! great video. hard to believe what land prices have done in the past 5 years. prices have nearly doubled where i’m at in ND.

[@patrickaherne3598]

I like that you gave actual numbers. Most other farm channels are coy about how much they make off YT.

[@bvisser9260]

In my opinion experience is worth more than money and farming is a great way to get experience. You and your brother are doing a great job teaching people about farming and breaking it down. Love the videos keep up the great work 👍

[@DEgan5660]

Awesome stuff man! I’ve watched a bunch of your videos and learned a lot from you. Hoping to do something similar someday!

[@31worm31]

Thanks Spencer for all the work you put into this channel so we all can be a part of this journey with you.

[@spencerhilbert]

I appreciate that!

[@dougroberts4125]

Hi Soencer, Great video. I usually watch for the farming you do and this time I really enjoyed the financial info. God bless you. Doug Roberts

[@spencerhilbert]

Thanks, you too!

[@TheGeneral9873]

My dad inherited our great grandpa's farm last year, around 300 acres, and we are the last biggest beef farm in the county. We do sometimes struggle a bit but we get everything done. Now we're shelling corn,and hopefully we'll get it done soon, but a farmer's life will always be unexpected.

[@pilsplease7561]

I would become a farmer if i could just a case of money I do some small scale vegetable farming which I do sell my veggies but its nothing impressive.

[@carnagie85]

I think you have done great for the first year of farming and always look forward to you videos.

[@teenagefarmer]

Great video thanks for sharing!

[@greganderson3676]

Nice of you to show these real $ facts. You are straight on everything you say and do your videos are the same way. When you get thru all your land and fertilizer improvements your ground will be even better !! Get that excavator going before the ground freezes hard . I would recommend a deep ripper over the entire ground in the fall

[@gerrardvoesenek7616]

Good for You mate. Take Care and GOD BLESS YOU 😇

[@DontAtMe2k24]

I wasn’t expecting this. Most channels will say “I’m going to tell you everything” and then they don’t tell you anything. Lol nicely done. I have often wondered what it would take to start farming.

[@daveb4210]

Well, I guess you can’t expect to make a ton of money right off the bat but overall, it doesn’t look like a bad start. I’m very interested to see how the farms grow for you and Grant! He’s already grown from where he started so high hopes for both of you!

[@mennoreuten1563]

Onest story i quess, but most important, you did it and no regrets,keep on farming,greetings from a Dutch dairyfarmer

[@rgendrud8695]

great lob love the transparency no farmer makes money at first unless he is given the land from family and it is still difficult keep up the good work i would like to see more videos but i know they take a lot of extra time and energy.

[@brockmiller4084]

Thanks for showing us it really helps knowing how much you could make off corn

[@CoinCommunityCollectors]

I recommend this upcoming spring to put up a machine shed or pole building to tore your equipment on the property. It would be quite a bit of money but be able to store all your stuff in there.

[@greggkiest1069]

Great reality video. Praying for an awesome farming and KZbin future. You are such an awesome person.

[@spencerhilbert]

Thank you! You too!

[@RomeoXak]

I'm not even Farming, I'm just playing Farming Simulator and I loved your videos and finished this whole 15mins credit report.

[@zachhefner2453]

I applaud you for having the courage to step out and start farming at a time when the economy is in such poor shape. Your work ethic and drive are fantastic. I wish you endless success in the future.

[@waltersaari7954]

Thanks for the transparency.

[@spencerhilbert]

No problem. That’s the goal. Thanks for watching!

[@dougnicholas2317]

Thank you for the transparancy. Keep working hard. There is no doubt that you will succeed.

[@spencerhilbert]

I appreciate that!

[@beckyumphrey2626]

Very informative. Thank you.

[@evan7710]

Way to go! You may have lost a little money, but you're out in the field doing it. You're really on top of things and know your stuff. I'm very jealous. I've wanted a farm since I was a little kid. I'm very jealous.

[@fredidesj6816]

great job buddy really liked this year chapter

[@fredscott9090]

Great job on putting yourself "out there " ..this realistic video will help your channel alot...

[@SSchradle]

I'm glad you made this video. I watch a lot of the other farming channels, and while I really like their content, it would really put things in perspective if they included some figures. I understand why they don't. I don't blame them. It's just really informative when you and Cole do. So, thanks. I'm going to check out American Farming too. That looks like a cool game.

[@spencerhilbert]

Thanks for the comment I appreciate it!

[@tworah]

Nice to see a hard-working young man, thanks for the video, love your content.

[@Michiganfarmgirl167]

Nice! Thanks for sharing!

[@Jdearly]

Man thats awsome not bragging and helps new farmes aswell

[@smokedaodblunt3755]

Well done bro and thanks for showing us all how it works. Watching from New Zealand

[@spencerhilbert]

Thanks for watching!

[@user-iq3uy7lo1g]

very helpful video thanks for sharing

[@MrKeysersoze1981]

God Bless you and your endeavors young man

[@shealy265]

I look forward to see what drainage/tiling/dirt work to eliminate the low areas along the creek and other items to prep the land for next years crop.

[@champagnechevy8761]

You aren’t bragging to me I feel like you’re doing a really good job breaking it down and showing how many different ways people could look at it wins and loses

[@daleley7645]

Great information! So much for rich farmers, right.

[@sivikase5067]

Hey Spenc, you have done very well my man👏🏽👏🏽👏🏽👌🏽👌🏽👌🏽

[@SilverFarms]

Thats pretty interesting!! Glad its working out!! I started making farming shorts i guess i need to start long videos.

[@spencerhilbert]

Yeah go for it. You never know.

[@BrettPruett]

Good job Spencer. I wish I had your business sense when I was your age 30 years ago.

[@williamquilty5251]

It’s a year of learning bro. Great video

[@travel-is-life]

I love the videos! Keep at it :)

[@lucasharder4511]

Hey!! Love your videos!! Hope you can grow next year!!😢 Wish all the best for 2024 year!! Buying is hatd but got to remember, land will not luse value... It will always go up in the long run!

[@damano520]

Love your videos 😍

[@trytobetheballpeople]

I love finacials....even though I suck at managing money. I love the excel programs. Great job man! Hi from Waterloo

[@robertyoung1777]

I would appreciate a video on taxes and farm land. Thank you for your great content.

[@ayowhatthedogdoinbruh]

wow i just realized your subscribers you grew alot lately keep this up!

[@Kvgill]

You should make more videos about farming bro a lot of us farmers love watching other crops and how their crop works/ requires

[@uagrotema]

You are Great and very inspiring

[@cedricbroussard8738]

Hell yeah!! Love the video 📹

[@dominiqueschwager5350]

Normally I do not comment videos but that was really interesting Spencer! Greetings from Germany.

[@spencerhilbert]

Glad you enjoyed it!

[@manleybrittain1296]

Spencer the more important question is did you get a deer this year on your land? I am looking forward to next year to see how your year goes! I love the content and keep up the great work!

[@ld6680]

very honest thanks for sharing