Why Are Farmers So Rich?
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- Опубликовано: 3 окт 2024
- Are farmer's actually rich, or do they just work a lot? I will let you decide.
In today's episode, due to the damp weather, I got stuck in the office with bookwork and meetings. Kristin, our marketing lady came down to review our marketing game plan for next year, Brandon from Champion Seed came down to get a seed order, and then I discuss a little bit about how we are able to afford the things we are able to afford. As always, this is extremely personal information and since you guys are a part of the farm, I am happy to share it with you. What would you like to see me go over next?
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Cole The Cornstar, aka Cole, is a 4th generation family farmer from Central Iowa who is the life force behind his family’s 2,000 acre farm. Cole promotes agriculture by filming his day-to-day adventures with his Dad (Daddy Cornstar) and brother (Cooper) on the farm. With a lot of help from family, Cole instills humor and education into his videos fit for viewers of all ages.
Despite being 24-years old, Cole has an old-fashion work ethic with an innovative approach toward agricultural technology and practices. Cole's mission is to prove the American Dream is not dead and be a megaphone for agricultural education and innovation, from technological advances in farming equipment to conservation practices.
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Cole The Cornstar
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► Edited By Summer, Cole The Cornstar's Sister
Business inquiries only: cornhubcole@gmail.com
Today's lesson is the perfect example to explain to people how businesses actually work.
Everyone used to think, oh, you own your own business so you must be rich. They never take into account how much you had to pay and how hard you had to work to get where you are. Thanks for sharing it !
I think Cole should install Word or Microsoft Office (Excel) on that second computer he has. That is pretty easy. So he won't be delayed waiting for his sister to do the editing. What do you think?
@@stephaniebeaton3939 yes if you don't mind spending the money to buy a licensed copy? More $$$$$
@@stephaniebeaton3939 or he could install Libre office, it's free and pretty much the same thing.
The intro put a smile on my face. Best welcome to Cole The CornStar intro ever
I'm glad that Cole and Summer have brought it back! I had mentioned how much that I liked Cole saying "Hey everybody! It's Co-o-ole the Cornstar!" followed by the cartoon ear of corn and bluegrass fiddle music clip, then they stopped doing that right after I'd said that! I like that and the "curiosity" string music at the end too!
There's nothing quite like that intro!! 💚💛💚💛
I am a poor man. I wish everyone to join my world. I love you all
In terms of building upon past generations of family , my motto is “ my parents and grandparents didn’t sacrifice in life for me to be mediocre, it’s a dishonor to the work they put in “ , IE it’s up to me to take all the hard work they did and expand upon it.
As a fellow 24 year old farmer I understand everything you're explaining Cole. Most people just see the nice equipment, shiny new bins, and acres of land. What they don't see is the long days stressful years blood sweat tears and prayers that gets you where you are. Success is you standing on top of a pile of mistakes not buried underneath them.
Your last sentence is a very powerful statement. Thank you for your comment. I would of never thought about it like you stated it.
@@hillbillyhicks8102 I can't take the credit for that one I read it somewhere and burned it into my mind
I love the way you put this and thank you for sharing the quote I'm going to try and memorize that.
They dont know the pain, death, accidents, floods, droughts, sick animals, family feuds and everything we have to deal with as a regular home does kids, school etc etc..
Young man you are helping a lot of us that never have been on a farm to understand where our food comes from and what it takes to grow it. Thanks for all the hard work and food we have!
Thanks for shedding light on this Cole, as a business owner myself it amazes me how people often say I must be rolling in money. True I may see hundreds of thousands of dollars come through the business, but after all is said and done after material expense, insurance, maintenance, and taxes I actually made more as an employee than an owner. When you said it’s just money, it’s just numbers , and having investments and multiple sources of income, that hit home. Keep doing what your doing. I love watching you guys and may God continue to bless you, your farm, and your family.
Hey Cole, after harvest, I think it would be cool to see a video on all the things that corn/beans get used for, to give people perspective on how often we (as not farmers) actually use them. Love the video today! :)
Corn probably going to ethanol plant. So there you have it.
@@mikezahnow1605 But there is more to it, the corn waste from the ethanol plant is/can be mixed with other animal feed too so nothing is wasted.
Definitely! Do any of your crops actually become human food, or is it animal feed or corn oil, or ethanol, etc.
Cooper and his dart game skills are unmatched. Thanks for all the information on how you purchase your fertilizer and seed. Hiring a marketing team is very wise. Great video.
Cole that was very interesting. I'm not a farmer and I don't know one personally but I would bet 90% of the people I do know have no idea how a farm works. I have been with friends as we ride past a farm with all the equipment and they have made comments like, that's one rich farmer look at all his stuff. I have learned more about what it takes to put food on my table since watching your videos. I'm constantly telling people to watch and learn. I for one thank you and your family for what you do. Always wave to the farmer.
@A G N E Z_________ stop posting on this channel I will keep reporting everything you post
@@crazyeddie1981 its a spambot. No use to try to talk to it, just report it
Cole, you never come off as a bragger. I enjoy learning how your farm works.
Thanks Cole! I feel vested in this farm. I didn't know how much until DC got sick. I want to see you all do well. I was so happy for you when you found 1 bean every 3 steps! With all those investments and tweaking here and there, success! You make your own success. You worked hard for it; you deserved it. And you're not a bragger. You own your mistakes too. 🌽
I respect the hell out of how transparent you are . Keep going Cole
Thanks Cole for my part of the farm I'm entrusting you all to make the right decisions. And watching every video posted you all are doing SUPERWONDERFULL! I'm proud of you all keep on keeping on and work on the Sunday thing also as I will also!
I love how cole is so transparent in his channel most ppl wld never share half the things he does. Keep up good work cole n diggin the new editing
Not really about sharing, but agricultural finance literacy.
Hi Cole - I think there are MANY of us who have come to a whole new level of respect for farmers & their families, thanks to your videos. It boggles my mind, listening to you go over all the facets of the business side of farming. I’m grateful that there are families like yours that have stuck with it for multiple generations. Hopefully, the generations of CornStars yet to come will continue to build upon the shoulders of you who came before. Blessings to everyone at CornStar Farms.
Mad respect for you Cole! Thank you for sharing. I knew there was a lot more to farming than plant, harvest, repeat. Keep the great work..
I am just blown away by how big farming is and how you've had to become big or not be able to compete. Thank you for sharing the business end of farming...I find it fascinating. Along with getting to know the family too!
There's a You Tuber with 40 acres and old equipment that owes nothing and feeds & supports his family just on what he raises from that. You've maybe seen him. Monetarily he'll never be rich but he sure is satisfied with his life. Its a choice. You don't have to become big & spend millions, you choose to. I guess it depends on how one wants to live while alive on this planet. That Farmer seems stress free. Cornstars not so much. It's a choice though and I begrudge no one.
I like the numbers episodes every now and then
Even when its lies?
If Cornstar was a stock, i would for sure be buying shares =D
and i would hold! :-)
Next he will be planning the IPO.
You and me too.
If it had options yes
When your 70 you'll be $10 million in Debt in the real world
COLE THANK YOU ALL FOR THE AWESOME VIDEOS. YOU ARE ALL AWESOME. GOD BLESS YOU ALL IN ALL THINGS
Alot can be said about multi-generational businesses, which can mean multi-generational wealth. Land and homes paid for etc. is what it's all about, that is the dream. Your great granddad started a farm from nothing and look now. Definitely something to be proud of and be proud that you're continuing it!
It's why death taxes are so insidious :/
Those darn taxes are also know as subsidies, farmers need subsidies, can't farm without them.
@@jacobwatson1818 Yeah, that's worked so well for family farmers. Distorting the market and allowing unprecedented consolidation of family farms to mega corporations in the last 40 years.
That's indeed something to be smug about.
@@DocNo27 well could blame corporate farmers for sucking the market share from generation farmers. The death tax affects barley any farmers in the country. Corporate farmers getting huge tax breaks and buying up land is the real issue, that's why so many generation farmers need subsidies. Point is taxes aren't the issue.
@@jacobwatson1818 lol - taxes are THE issue if you care about the transfer and consolidation of wealth. Heck you just cited one of the key components - an uneven playing field (tax breaks).
If you think government involvement is there for your benefit - I have a really nice bridge in the desert I can let you have cheap. Almost criminally cheap.
Cole I grew up on a farm in north Missouri. We got out of row crops in the mid 90's and went to 100% cattle. Like your farm ours was built on the shoulders of my great grandpa, grandpa and my dad. I enjoy your videos and the fact that you try to teach people about how a farm works.
I personally love it when you have this kind of video. I find it fascinating how many balls your have in the air at any given time and how well you manage them! It makes it so clear what farmers are up against and how they have to be so strategic in order to run a successful operation. Cole it seems to me you’re the financial brains in this operation and that’s what’s allowed your farm to become more successful. Every one of you bring your strengths to the table and wowzers!!! what a great combination of talent that is, each one complimenting the farm in their own unique way; your dad’s experience, Cooper’s mechanical knowledge and skill, and your financial and planning skill....what a great combination of talent to make a successful business enterprise! Thanks for sharing the complexities of your business and the reasoning behind your decisions.
TEAMWORK, There is no (I) in that word !!!!!!!!!!!!!!. i LOVE HOW YOU ---all-- COMPLIMENT EACH OTHER.
Cole, excellent work. Farming anything larger than a garden is a business and must be operated as such. Years ago farms were frequently just a couple hundred acres. Not many of them left today. Midwest family farmers are often working 2000, 3000 or more acres raising cash crops. Very few Midwest farmers have animals: practically everyone did 40 years ago (beef, dairy, hogs, etc.) That is a big business and it is subject to outside factors/pressures which can neither be predicted nor controlled: i.e., weather, markets, etc. You are helping a great number of people with no farm exposure or experience to gain some understanding of how complicated and, at times, scary, that business can be. All of your videos (operations, visits, management, etc.) are excellent. Thanks to you and thanks to your sister, Summer, for producing these great videos. Thanks as well to the entire Cornstar family for all the fun videos.
I always enjoy these videos explaining some of the how and whys of the decision making process for the farms.
So many things folks have no idea what goes on behind the scenes. I did a bread route and all most folks saw was me putting it on the shelf. They didn't see the 12:30 am start time and breaking down the load and all the other stuff. So thank you for a behind the scenes look at the not so fun part of farming.
Thanks for sharing. Cole, you get it. You will be successful because you live within your means.
I appreciate hearing the numbers. Frankly, the cost of the bin site is staggering. When I drive by local farmers and look at their bins/storage I would never have imagined that they cost so much.
I started watching your vlog for your farmhouse renovation. I'm not a farmer but I find learning about your families farm fascinating. I also watch a Canadian sheep farmer, Sandi Brock. They too grow soybeans and had to harvest them despite their moisture content. They had to dry them. One of those surprise expenditures all you farmers love. (Heavy on the sarcasm) can your bins dry your soybeans?
I appreciate your openness. Nobody does that.
Thanks for your input about farming, i grew up in a cotton patch in the '50s, '60, and '70 and i feel your pain. I also raised livestock and learned before i was 10 that you have to spend $ to make $. You're doing a fine job...keep scratching the dirt and God's speed.
👍🇺🇲👍
Very well explained. And you have never bragged. Only explained. I appreciate your openness
I love & appreciate the transparency! There is no such thing as a “rich” farmer or rancher. 🥰
Hello Shannon
How are you doing today?
All of the financial stuff is really interesting. Thank you for sharing. I have often wondered how farms make major decisions about equipment and purchases. Having zero farming knowledge before I started to watch this channel has made me have a new appreciation for the whole agricultural world.
Most successful farmers are definitely rich but almost all of their net worth is tied up in land and equipment. Farmers typically have very little in the way of liquid assets and properly managing cash flow is critical to keeping the business healthy. You can own 10,000 acres of land and wind up bankrupt in a heartbeat if you're not properly managing your cash flow.
That is true of any business, actually.
My grandpa always told me that he was a millionaire but he could write me a $100 check and there'd be a 50/50 chance thst check would bounce
Had a big farm up here in Michigan that based their finances off the 8/bushel corn and went hog crazy buying land only to go belly up when the corn prices fell
Not true. If you own 10,000 acres free and clear, you will not go bankrupt unless you are a total moron with a huge gambling addiction and a raging addiction to alcohol and cocaine.
@@billdill6715 10,000 acres would require a lot of capital investment. You can own the land free and clear, but your going to need a few million (a lot) more in capital investments to utilize that land.
Your brutal honesty is awesome. Farming is big business. And big business is complicated and consuming. Keep plugging away and keep the faith.
You are doing amazing Cole. I've learned so much and now I look forward to harvest every year and I'm not even ever going to be on a farm 😂😂😂
U talkin to us explaining about costs helps make me and maybe others understand more to why groceries at grocery stores go up so often. It is not just to make us feel like the stores rip us off but to realize it helps us pay the farmers to b able to keep feeding us etc etc.
The ole saying is "It's not my ground, it's just my turn!"
Cole very good video. As a small business owner. A single grain truck owner trying to make sure i can feed my family. I feel like I am as close to a farmer as I can be with out stirring the dirt. I enjoy the corn star videos all of your family farm celebrities. God bless you all.
Cole this might not mean much but I'm proud of you boys and happy I found this channel
My dad drove a 1996 baby blue Geo Prism, took a vacation in it from Oklahoma City to Niagara Falls, had to self entertain the whole trip, reading, listening to my Walkman 🎧, begging for the A/C to be turned up so the air could make it to the back,… best trip ever! Last year I took my son on the same adventure, he had his iPad & iPhone the entire way… never looked out the window and he was sitting in a much more comfortable space with leg room and backseat air vent with temp control lol, kids have the life!
Cole, Thanks for sharing the business growing pains. I'm a business owner for 21 years. Seeing how you operate is motivation for me. I know you are not trying to brag about money. People always feel like the grass is greener on the other side. You are letting them know how difficult it is.
Cole, as self-employed individual, I really appreciate the honesty and information. Blessings!
Professor Cornstar, thank you for the lesson, you make sense of what it takes to run a farm. I think so many people would be terrified of the business end of farming, not to mention all the variables ( weather, insects, lack of work force, machinery break down, etc.) involved. I am happy to be a part of your farm, but leave it to you and your family to run.You have done a great job thus far.
You do you Cole. Don’t you dare feel bad about working hard and making money. I appreciate the lesson of how it works.
It amazes me that any farmers are still in the business, we owe you guys so much , you are so important, Thank You !
Cole, i love listening to you talk. Thank you so much for sharing. Thank you also to Summer for blanking out Cole typing credentials.
Cole, what do you think about going back and doing a SWOT Analysis on the business and all it's divisions? I think it would be an awesome tool for non-farmers to learn about ag in general - but also dive deep enough to show how impt ag is to the Macro, Mezzo and Micro communities.
This idea sounds like its make for a great agriculture curriculum.
@@gregbromley152 That is the idea. Cole is a great communicator and educator, a very rare breed. I wish to harness that to learn about ag in a meaningful way.
I like the 'well, how are they swinging that?' line of thinking... It is keeping SWOT in mind by simply looking at the competition... best is when you know what failed, usually there is something you can avoid in your own system.
I am weird. I really enjoy the art of feasibility. It is really a passion.
Myself, I am ex-IT and now working towwards a social work degree. This coupled with my myriad of background knowledge; will allow me to affoct change where it matters.
Cole has the luxury or already being there... I genuinely look forward to how he presents and lays out this in a super digestable way. Much like his 1 million dollar bin site break down.
I know 100% he will knock the ball out of the park!
(Extra points if entire family is involved in production).
Love the transparency adds values to your channel
We buy used and figure how to fix everything on our own. Being a dairy farmer a 4-row corn head on a John Deere 6600 combine serves our needs.
od job you dont need the most expensive new stuff to get the job done.
Man I've put some hours on a 6600. I worked for an organic dairy farmer when I was in my teens and he did like 150 acres of corn plus oats. That thing would burn you up without a/c but it got the job done
@@leviduff2740 I hear you. We never had that much to combine maybe 30 acres of oats and 20 of corn. Living in North central Wisconsin, it usually wasn't that hot anymore at harvest.
Cole you dont have to explain yourself to us.. we know you work super hard. You humbel youself every chance you get, and its appreciated.
This is why I enjoy your videos so much. You don't just show farming. You show the ins and outs and everything in between. Your whole family are good people, it's easy to see. Thanks for the videos. Keep it up.
Your candor and plain speaking about the business side of your farm is refreshing and informative. Thanks for bringing us along for the ride.
We were driving across county and came across a fellow harvesting soybeans, and I'm thinking "thanks to Cole I know about that bean head trailer over there and the two trucks waiting by the road..."
The same thing happened to me today, too! Thanks, Cole, for all you're teaching us!!!!!
farmers do work very hard n pretty much hit the ground running as soon as they open their eyes til they close them..work sometimes is never ending..u n ur family have alot of fun showing us that..enjoying ur channel..rest when u can..stay safe n healthy
Great one Coop... love the darts...🎯
THANK YOU TO ALL FARMERS.
Thanks Cole and the Cornstar family, We, I really appreciate all your hard work and Really appreciate your Videos and candor how you explain everything involved with the farm.
I love watching your channel in fact it brightens my day when I see there is a new video posted from you. You and your family seem like some really good-hearted people who not only work hard for the sake of the farm but also work hard to help other people. I really greatly appreciate your transparency there are several RUclips channels that are likely generating a lot of money but the person who owns the channel does not want to ever share any of that kind of information. Thank you again for all that you do to educate us, and for recognizing the fact that all of us are contributing in a very small way by watching your videos.
Thanks for sharing, Cole, the CornStar family are a great model of what can be achieved when everyone contributes in their own way. 😃👌👏👏👏👏❤️❤️❤️❤️❤️❤️❤️❤️
Cole, I love these deep dive videos. It gives us a perspective we don't normally get to see. Very informative. Thank you!
Personally I love hearing you explain the workings of the farm, however you don't owe anybody an explanation as to "WHY" you do anything. You're a very smart kid, DC and Mom got lucky with you kids, seriously, and upbringing helps but good people through and through shines through. Keep up the good work!
This is the HEART of being a Farmer! Everyone who is NOT directly involved in farming should watch this video. While farmers appear to have nice (new?) equipment, they fail to see the amount of work (money) it takes to SUBSIST as a farmer. Farmers are price takers, not price setters. All Farmers believe in & Love what they do. Their life is about creating & maintaining a way of life (& hopefully passing it on thru their family) while providing food for everyone. There are not a lot of people who would work for a wage that is (in many cases) below minimum wage. The next time you enjoy a meal.....THANK a FARMER 👍 (BTW, thank you Cole for the work you do in educating you viewers!!!)
I appreciate the working side of farming that you show, it shows how much there is to farming and what all we have to do to keep things going. The book/paper work part is a whole diff type of headache there, or to me is anyways.
From the actual farm labor to computer is&t to accountant to planning and development you & your family works so hard, I feel positively lazy. But it does motivate seeing the different pieces of farming that are involved, there's so much to it not just growing and harvesting.
I’m soon to be 75 and I always remember by father telling me that “farming is a good life but a poor living.” You’re blessed if you can have both. I’m blessed, hope you and your family are also.
For the lights being off with the flasher issue as a temp fix get a magnet flasher that you plug into the cigarette lighter.
Cole. Thanks for sharing the farm finances with everyone; however, when you say that while you guys do not take a paycheck from the farm, the farm pays for the majority of your personal expenses. Typical farming operations such as yourself own the homes and pickup trucks and cover the utilities and fuel for the houses and pickups as well as the property taxes and health insurance. Is this the case for you? If so, then you should not say that you don't get paid from the farm as the majority of most people's salaries and paychecks go to making house payments, property taxes, utilities, car payments and health insurance. Other than that comment, I feel you are doing a great job in your marketing and making wise long-term decisions. Thanks :)
Not to mention the govt assistance and crop insurance all paid by tax payers. They all forget to talk about that like how the grain bin buildings were probably a govt program that paid so much for them to put up so they can hold onto grain longer and make more money! Also who gets to go on vacations but new trucks and not have a real job but act as they changed the whole farm and made it generate more money all classic farming live off tax payers and there backs while the farm never makes money. Why because they make sure there broke so they can get Obamacare and evade taxes!
You're so humble.
I for one would love to see you in a Lamborghini as a reward for your hard work, but my goodness, you do lots, and lots and lots and lots and lots and lots and lots and lots of hard work.
The pride you take in in the minutae of running your farm is inspirartional. It is a breath of fresh air to see the proper behind the scenes life of farmers.
I never had an interest in watching farming videos, but there was a collab between Derek Bieri and Zack Johnson (a snowmobile if memory serves) which made me curious. I looked at a couple of Zach's videos, and you came up as a suggestion. You have not been able to get rid of me since.
There are a couple of things that I disagree with about you, but the enjoyment I get from watching you is in no way degraded as a result.
Keep on keeping on, and best of luck for the future.
Neil :-)
I can tell by the phrases you use that you’ve listened/watched a lot of Dave Ramsey. Thanks for sharing, Cole.
or maybe his degree background?
Cole has mentioned before that his high school had an economics class based on daves teachings. He all calls his car a ramsey car as its paid for and cheap to maintain.
Dave Ramsey wouldn't have his whole farm leveraged on a bank note. This is not how Dave would operate any business.
I’ve been following you since you had 30k subscribers. Why do I watch your videos? (I’m a city dweller based in Europe). First of all I think your family and of course you are driven by beautiful values - that was the first thing I noticed on your videos. As a Bahai elimination of prejudice is important for me. So watching you guys was initially a spiritual education exercise for me. But something else is so interesting about your channel!! All of the farming stuff!! My food comes from the supermarket so it’s great to get a perspective of the amount of work, service and sacrifice it takes to get there. Thank you dear Cole, Neiva and family for sharing your lives with us. 💙💚💛🧡❤️
You're welcome!
You're saving money by spending a million dollars on the grain bin because you don't have to pay a $100000 a year storage fees for everrrr once it's paid for. It's a tax deduction and the new truck belongs to the farm . See I pay attention . 🙂 I love this farming channel . 💟
Loved the video! I appreciate the info on how the farm works financially as well as how you do all the side jobs. It adds a lot to the channel and give a good perspective on how it all works. Thanks!!
This guy is extremely intelligent
yeah freaky for 23
He did finish college so maybe college is helpful unlike some ppl think
@@pecan11 college is only helpful if you study the right things. 😉
He certainly is!
@@pecan11 In certain situations maybe, going to college doesn’t magically make you intelligent.
Hey Cole, I thank you for taking the time to explain a little farm finance with us. I worked on my Uncle's cattle ranch, and never comprehended the money aspect of it.
Love ALL you shared. Learned a lot and also was inspired. Good luck with all the things you’ve got going in your lives.
Refreshing to hear someone who wants to do right by people, help people. Keep doing what you're doing Cole!
I love when you put out a "numbers explanation" video, Cole! They are SO very informative!!! Thanks so much for teaching us how everything runs, financially.
My G’ma who was born in 1902, always worked with corn and soybean futures. Cool lighthouse clock, and coast gaurd sign.
Honesty and good knowledge of life seems like its disappearing, good to see you have it.
I really enjoy seeing your family working together it is amazing to see how God has Blessed you all
Before you even start it you called it a million-dollar grain site coming along great. Did they fix the welds. Stay blessed
@A G N E Z_________ go away no one wants to see this
@@tedhart4468 You can say that againnnnnnnnnnnn.
@@tedhart4468 - I reported Inez/Hazel/Agnez and all of the other names popping up. If you want to as well, touch on the 3 dots, report and then choose a reason.
@@redrose41000 Seems the only thing that will truly help is if Cornstars would block this type.
I reported them so many times it made my fingers hurt.
Wow! You read my mind and answered my questions! I really enjoy your show. I'm retired and am learning a lot from your show. Keep up the great, intellectual show.
I've always thought that farmers are extremely undervalued. All the time, resources, labour that goes into a pretty thankless job considering you provide essentials which people literally need to live. Anything you earn goes back into the farm and I think most people recognise there are no millionaire farmers out there. It's not exactly a get rich quick or get rich at all kind of job. It is interesting to see how things work though on the farm and honestly kind of horrifying to realise how much basic equipment even costs.
"...there are no millionaire farmers out there." I get where your coming from but there are plenty of wealthy farming families and landowners out there. Cole and other RUclips farmers are toward the lower end of the spectrum hence why RUclips is a good supplemental income.
It depends on how much land, equipment and buildings they own vs. how much the bank owns. I know two farm families who own implement dealerships. In recent years, they have bought a lot of farmland, so I'm pretty sure their net worth is in the millions.
You would be sadly mistaken. There are hundreds of millionaire farmers and mutil-millionaire farm operations in Iowa alone.
@@theraptorsnest5891 Why sadly mistaken? I don't have a problem with rich people. If you earned/inherited your money it's none of my business.
Edit to add: I live in the UK and our farmers aren't rich, at least not in money. I imagine it's all tied up in buildings, land, machinery, livestock etc.
Best part was, "Hey, Everybody! You're watching Cole the Cornstar!" -- Great job always!
I so appreciate you explaining to us the economics of farming. Your farm is really about love because that is not making you CornStars rich.
Family business is a life long thing, which can take generations to succeed. I love the fact that you all work so well together and each bring your own thing to the farm. Thank you for a glimpse inside and to be honest I’d be super stressed with overheads like that! But you have to speculated to accumulate. I wish you all super success with future endeavors 👍🏻😎 keep bringing great content 😇
Cole, Cash flow is everything! Hopefully the bin site will help you shave some of the peaks and troughs to your advantage with the help of your marketing partners. It is good that you share some basic numbers as a lot of people will not realise the capital employed in a business like yours, that is then just offered up to the weather, God and all his creations in an annual act of faith. I used to be an accountant and have done work for companies that build value in the products they make, run a bank loan to join the cash flow dots and then make two or three big sales a year. But these were engineering companies. They worked under cover, not outside and the product was non perishable. My business was in perishables fish meat, cheese.... who would be in perishables!!!! Good luck with the harvest. The bin site may go over budget but remember that the budget is your guide to the ideal path not a stick to beat yourself with. It can be flexed and if the cash is spent on value, then good. Take care. Regards Stephen.
I agree with Jordo. You never come off as bragging. I love hearing about all of the details involving running the farm. You always sound sincere and truthful. As I said before you're a lucky duck being able to work with your dad everyday.
I love the Coooooooooole the corn star! I missed it! Made me smile!
How do you make up for fuel increases when the crop was bought and grown at lower fuel prices? Tons of respect for what you all do for us. I watch you and Larson Farms daily and love it.
i absolutely love it when you explain the nuts n bolts of the financial ends in farming operations
I can say one thing you are very smart with money.and also have the staying power to not buy something on a wim. Keep that up and you will always grow.
Have a good outlook on life. Work is an important part of life. Y’all do it well
It made me so happy to hear that intro again and what’s wrong with working on a Sunday
Cole, just fyi, I don’t think u r being smug or bragging. All I thought when u said that was ‘whew! Who the hell wants to be in debt over 1 million $$$$$’
Thank you for taking the time to educate millions of Cornstar Farms fans. You are all very talented and I admire your commitment to provide transparency on the in's and out's of generational farming. Thank you!
Farmers are the bank....for the bank:)
YOU GUYS WORK HARD. LOVE AND PRAYERS TO ALL. 🙏 ❤ 💕 ♥ 💗 💖 🙏