Barn Talk

Corn is over $5 and beans are near $13, and a lot of farmers still won't make any more money than they did at $4.50 corn. Every time the grain price goes up, something takes it back, and the front half of this Hot Topics episode is about what's doing the taking. Diesel is $6.13 in Iowa. One Illinois farmer spent $1,000 filling a single semi. Anhydrous is close to $1,000 a ton, up 25% from a year ago. Refineries over there are putting out about 60% of the diesel they did before the Iran war, so more oil doesn't mean cheaper diesel. The White House is letting dyed diesel run on the road for the rest of the year with the federal tax deferred, about $640 million of relief by USDA's count. Deferred, not forgiven. Then the bigger point. Farming spent decades specializing, and that bill is coming due. We don't think 10,000 acres is big enough to win on scale anymore, and at that size you're a CEO, not a farmer. For everybody else the answer is diversity: livestock back on the ground, manure in place of high priced nitrogen, shared equipment. And China cut tariffs on corn, wheat, meat and dairy but kept 10% on soybeans, so bean marketing is about politics now, with Brazil getting better every year. Also in this one: 17,000 fewer cattle through the packing plants in one week, why immigration reform keeps dying with no middle left in politics, a Kentucky family turning down $26 million for 900 acres, 70 to 80 trucks showing up to pull a sick neighbor's beets, and a 2,598 pound pumpkin. Maybe that's why we don't just grow corn and soybeans on every acre. Maybe we need to diversify. What's taking the $5 back on your operation this fall? Drop it in the comments and we read them. JOIN THE BARN TALK NEWSLETTER & GET LIVE EVENT ACCESS: We're on a mission to get 10,000 subscribers, and once we do, we're hosting a live event at the barn! Sign up to get exclusive access to tickets and details.👇🏻 Help us get there: https://www.joinbarntalk.com THIS EPISODE IS BROUGHT TO YOU BY: ● Conterra Ag ➱ https://www.conterraag.com ● AcreEdge Soil NXT ➱ https://www.acreedge.com TIMESTAMPS: 00:00 Hot Topics before the pigs get chored 02:35 Why Tork came in fiery this morning 05:25 Tearing out Grandpa's 1970s hog barns 08:16 Market Update presented by Conterra Ag 10:30 $5 corn that pays no better than $4.50 11:28 The red diesel order and $640 million 14:46 Presented by AcreEdge Soil NXT 15:25 Diesel hauls everything you buy 18:43 We've hit the end of specialization 19:27 10,000 acres doesn't catch it anymore 21:43 Put livestock back on the land 23:02 No money behind you? Don't start in grain 23:34 The answer to high priced nitrogen 26:04 Red diesel vs green diesel, explained 29:31 Deferred, not forgiven. Who pays? 31:31 17,000 fewer cattle processed in a week 33:54 Why ag needs immigration reform 36:32 The death of the middle in politics 41:56 Packing plants were always the starter job 44:50 The post World War II order is ending 51:43 Why we want Peter Zeihan at the barn 52:55 China cut tariffs on everything but beans 54:05 Bean marketing is about politics now 57:27 Why Brazil worries every young farmer 1:00:20 100 year old locks and dams 1:02:44 Data centers are coming for farmland 1:04:40 $26 million for 900 acres, and they said no 1:08:59 Why Tork says they get built anyway 1:10:39 Great Grandpa would call me an idiot 1:15:56 Take the principles, not the assets 1:16:34 The good: College GameDay in Iowa City 1:17:52 70 to 80 trucks show up for Bill Cotton 1:18:41 The 2,598 pound pumpkin 1:23:09 Big plans for 2027 SUBSCRIBE TO THE PODCAST ➱ https://bit.ly/3a7r3nR SUBSCRIBE TO THIS'LL DO FARM ➱ https://bit.ly/2X8g45c LISTEN ON: SPOTIFY ➱ https://open.spotify.com/show/3icVr4KWq4eUDl7Oy60YMY APPLE ➱ https://podcasts.apple.com/us/podcast/barn-talk/id1574395049 FOLLOW BEHIND THE SCENES 👇🏻 ● Barn Talk Instagram ➱ https://www.instagram.com/barntalkshow ● Barn Talk TikTok ➱ https://bit.ly/3qciekS ● Sawyer's Instagram ➱ https://bit.ly/3BtX0n4 ● Tork's Instagram ➱ https://bit.ly/3LGZJxS ● Sawyer's X ➱ https://x.com/SawyerWhisler ● Tork's X ➱ https://x.com/TorkWhisler ------------------------------- ⚠NO FINANCIAL ADVICE / DISCLAIMER⚠ Barn Talk is for educational, informational, and entertainment purposes only, with no warranty of accuracy or completeness. Nothing here is financial, investment, or trading advice, and none of it is specific to you. Do your own due diligence and consult a licensed professional before making any financial decision. Trading stocks, crypto, and NFTs carries real risk and is not suitable for everyone. You use this information at your own risk. #ConterraAg #Landus #EP221 Learn more about your ad choices. Visit megaphone.fm/adchoices

Tork's dad lived to 99, flew fighters, practiced law, and paid for a farm. In July 2018 he fell down the basement stairs, and Tork brought him home to die in the same house he was born in. No guest this week. Sawyer and Tork each picked three days that changed their lives, and this is all six. Tork sat up alone that night giving the hospice doses every few hours, and his dad passed around 5:30 in the morning. The first year he went to the gravesite about once a month, by himself, and bawled most times. He felt guilty grieving a man who had lived to 99. Sawyer was 12 when he rolled a four wheeler at 60 miles an hour, ruptured his spleen, and spent seven days at the University of Iowa. In 2001 Tork was out of hogs, setting trusses on a 2,400 head finisher near Wayland, when a phone call changed his whole life. The part most farm guys never say out loud is what comes after. When your dad goes, nobody is coming to save you. Every field and bin site has a memory. You don't want to be the generation that screws it up. And now Tork is tearing out the hog buildings his dad put everything into, and he feels guilty about it. Also in this one: how to know she's the one, the 10 percent days in a marriage, why it gets easier to quit the second time, 380 yards of concrete and a trip to Texas Roadhouse, the boss who taught Tork to stack equity, and the Market Update with copper near a record. Some may be bigger, but this'll do. What day changed your life? Drop it in the comments and we read them. JOIN THE BARN TALK NEWSLETTER & GET LIVE EVENT ACCESS: We're on a mission to get 10,000 subscribers, and once we do, we're hosting a live event at the barn! Sign up to get exclusive access to tickets and details.👇🏻 Help us get there: https://www.joinbarntalk.com THIS EPISODE IS BROUGHT TO YOU BY: ● Conterra Ag ➱ https://www.conterraag.com ● Propane Farm Research Program ➱ https://propane.com/farmfunding TIMESTAMPS: 00:00 Just Dad and I, and prayers for Dougo Larson 03:14 Breaking outside the ag echo chamber 04:30 7 inches of rain in 10 days, harvest on hold 06:14 Market Update presented by Conterra Ag 10:48 The fuel price trend is not your friend 11:51 We need term limits, whatever side you're on 12:40 Three days each that changed our lives 13:51 See us at Gateway Farm Expo and HayCon 14:47 12 years old, a four wheeler, and 60 mph 17:12 A ruptured spleen and internal bleeding 20:59 The nurse who tapped the doctor's shoulder 22:32 "Four wheeler injury? He'll be all right" 26:24 July 11, 2018, the day my dad died at 99 28:52 Bringing him home to the house he was born in 32:38 What they don't tell you in the brochure 33:47 Nobody's coming to save you now 35:59 Every field and bin site has a memory 37:43 Guilt over tearing out Dad's hog buildings 38:37 How a farmer is supposed to grieve 42:28 Great American Farmer at the funeral 44:21 Some may be bigger, but this'll do 45:06 Why I can't pick the greatest day of my life 49:22 Summer of 1991, the first "I love you" 53:13 How to know she's the one: make her mad 56:18 The 10 percent days in a marriage 59:29 Why it's easier to quit the second time 1:00:26 Trajectory days vs grind days 1:04:40 The first Shopify notifications 1:07:24 380 yards of concrete and Texas Roadhouse 1:10:19 A phone call on a hog barn roof in 2001 1:13:03 The crazy guy who took that job 1:15:55 The boss who saw opportunity in risk 1:22:23 What day changed your life? SUBSCRIBE TO THE PODCAST ➱ https://bit.ly/3a7r3nR SUBSCRIBE TO THIS'LL DO FARM ➱ https://bit.ly/2X8g45c LISTEN ON: SPOTIFY ➱ https://open.spotify.com/show/3icVr4KWq4eUDl7Oy60YMY APPLE ➱ https://podcasts.apple.com/us/podcast/barn-talk/id1574395049 FOLLOW BEHIND THE SCENES 👇🏻 ● Barn Talk Instagram ➱ https://www.instagram.com/barntalkshow ● Barn Talk TikTok ➱ https://bit.ly/3qciekS ● Sawyer's Instagram ➱ https://bit.ly/3BtX0n4 ● Tork's Instagram ➱ https://bit.ly/3LGZJxS ● Sawyer's X ➱ https://x.com/SawyerWhisler ● Tork's X ➱ https://x.com/TorkWhisler ------------------------------- ⚠NO FINANCIAL ADVICE / DISCLAIMER⚠ Barn Talk is for educational, informational, and entertainment purposes only, with no warranty of accuracy or completeness. Nothing here is financial, investment, or trading advice, and none of it is specific to you. Do your own due diligence and consult a licensed professional before making any financial decision. Trading stocks, crypto, and NFTs carries real risk and is not suitable for everyone. You use this information at your own risk. #BarnTalk #perc #gateway #haycon #EP219 Learn more about your ad choices. Visit megaphone.fm/adchoices

He stacked every FSA beginning farmer loan he could get, went from about 100 cows to 550 in roughly a year, and when the balance sheet finally settled he was positive by $278. That is the number this whole episode hangs on. Luke and Natalie Kovarik run Kovarik Cattle Co., a first generation Angus seedstock operation out of Ord, Nebraska, selling around 100 bulls a year in a January sale that started at 30. Luke was a town kid with 160 acres and a dental school plan. Natalie is fourth generation Hereford out of Montana, and today she works four jobs off the ranch, including marketing and equity in Red Ants Pants. Almost everything they earn away from the cows exists to pay for the cows. The middle of this one is the direct to consumer beef autopsy, twelve straight minutes on why selling your own beef is so much harder than the internet makes it look, why she dreaded Sunday nights, and what happened to the freezer inventory. Then the influencing pivot, why she stepped back from putting her family online, and what she does with the audience now. Also in this one: custom AI and backgrounding somebody else's calves to make equipment payments, $5,000 of blackjack money wired for embryos, reading bull catalogs like a swimsuit edition, meeting at her family's bull sale, lab grown meat and consumer trust, putting cattle back on grain farms and the pasture that rural towns already lost, hiring and keeping good help, bricking their kids' phones and putting a landline back in the house, twelve landlords and not one under 68, and why they are not building this ranch for their kids. His line on who the ranch is for: no, we're doing it for us. What should we dig into next week? Put it in the comments. JOIN THE BARN TALK NEWSLETTER & GET LIVE EVENT ACCESS: We're on a mission to get 10,000 subscribers, and once we do, we're hosting a live event at the barn! Sign up to get exclusive access to tickets and details.👇🏻 Help us get there: https://www.joinbarntalk.com THIS EPISODE IS BROUGHT TO YOU BY: ● Propane Farm Research Program ➱ propane.com/farmfunding ● Iowa Corn Growers ➱ iowacorn.org TIMESTAMPS: 00:00 Cold open and guest introduction 04:29 A local airport, and a pilot's license he never finished 06:19 The operation, and the four jobs Natalie works 09:22 What subsidizes what, and blackjack money wired for embryos 11:21 Montana, fourth generation Hereford, how Natalie grew up 15:11 Sponsor break, Propane Farm Research Program 15:40 A town kid, 160 acres, dental school, and $278 in the bank 19:49 Custom AI, Genex, and a master's that paid for cows 23:46 First cows in '14, and bull catalogs like a swimsuit edition 26:57 They met at her family's bull sale 32:49 Market outlook, consumer trust, lab grown, Beyond Meat 42:35 Putting cattle back on grain farms, and the pasture we lost 50:01 Calving date, and developing two year old bulls 54:25 Sponsor break, Iowa Corn Growers 55:22 From 30 bulls to 100, growing the herd 59:07 Finding Duncan and Mitch, and keeping them 1:02:24 A bull sale as an event, social media as the marketing 1:06:45 If the podcast tripled, more cows or more time 1:08:14 The direct to consumer beef autopsy 1:19:56 Retiring from influencing, and craving privacy 1:27:00 Working with a spouse and a father 1:32:26 Bricking phones, landlines, parenting in the phone era 1:43:24 Twelve landlords, not one under 68 1:53:23 How the household actually runs 2:00:29 We're not building this ranch for our kids 2:05:39 Why the industry is still worth it 2:10:39 Tip of the Hat SUBSCRIBE TO THE PODCAST ➱ https://bit.ly/3a7r3nR SUBSCRIBE TO THIS'LL DO FARM ➱ https://bit.ly/2X8g45c LISTEN ON: SPOTIFY ➱ https://open.spotify.com/show/3icVr4KWq4eUDl7Oy60YMY APPLE ➱ https://podcasts.apple.com/us/podcast/barn-talk/id1574395049 FOLLOW BEHIND THE SCENES 👇🏻 ● Barn Talk Instagram ➱ https://www.instagram.com/barntalkshow ● Barn Talk TikTok ➱ https://bit.ly/3qciekS ● Sawyer's Instagram ➱ https://bit.ly/3BtX0n4 ● Tork's Instagram ➱ https://bit.ly/3LGZJxS ● Sawyer's X ➱ https://x.com/SawyerWhisler ● Tork's X ➱ https://x.com/TorkWhisler ⚠NO FINANCIAL ADVICE / DISCLAIMER⚠ Barn Talk is for educational, informational, and entertainment purposes only, with no warranty of accuracy or completeness. Nothing here is financial, investment, or trading advice, and none of it is specific to you. Do your own due diligence and consult a licensed professional before making any financial decision. Trading stocks, crypto, and NFTs carries real risk and is not suitable for everyone. You use this information at your own risk. #BarnTalk #perc #iowacorn #EP217 Learn more about your ad choices. Visit megaphone.fm/adchoices