Matt thanks for sharing, I really enjoy ur channel. But when I see you sitting at your computer with some spreadsheets open, you have my full attention. Seeing your spreadsheets and how you keep your farm records has helped me out with my own farm records immensely. I just wanted to say thanks and you have no idea how much these types of videos have helped me.
Thank you for the deep dive. Much Appreciated. About subsidies: Farmers is one of the few people I agree should get subsidies. Without farmers what you gonna eat?
Hi from Australia... It ain't cheap to farm!!!! Hope all those city slickers are watching and see what it takes to fill the shelves in their supermarket.... Thanks for sharing, this is what RUclips should be all about... Farmer's feed the world..👍🌽🌾
Matt is like this up in southwestern Ontario too. Everybody thinks there is so much money in farming but there really isn't and if mother nature throws a bad year at you crop insurance only covers your expenses and I always noticed those bills always come in that mailbox that has to be paid and some days we wonder why we do it but we do😊😊
you are 1 of my fav tuber s you run a tight ship not head over ghillsin debt /green weanie equipt ypou cant work on glad you can keep the farm in the family if any body makesit you all are gonna be in the crowd how many acre do you actually own
Some other youtube farmers say they never make any money from farming but then you find out things like all their homes are owned by the farm so all housing costs are paid by the farm. Individuals involved in the farm own pieces of equipment and lease them back to the farm. The farm doesn't own much land but the people working on the farm own land and lease it to the farm. So "the farm" never makes any profit but they also were audited by the IRS and owed an additional $5000. They say with a straight face that the farm never pays them for their labor. They seemingly work hard for nothing.
"Unless we can pay cash for equipment we don't buy it" - last of a dying breed there folks. Watch some of the other big shot YTers their up to there eye balls. Hats off in showing the general public how much $ is handled and how little is actually made. Its terrifying at times !
They get a share of program payments through the FSA. They do not get a share of EQIP payments for cover crops because they do not pay a portion of the costs
70k isn't much for all your work but wouldn't abetter way of looking at what you made would be increase in net worth? Especially when your calling loan repayment and equipment purchase an expense when it would add directly to net worth.
Your honesty and transparency is refreshing. Keep on doing what you do.
I feel you on the projected repairs vs actual spent lol. It adds up very quick
Matt thanks for sharing, I really enjoy ur channel. But when I see you sitting at your computer with some spreadsheets open, you have my full attention. Seeing your spreadsheets and how you keep your farm records has helped me out with my own farm records immensely. I just wanted to say thanks and you have no idea how much these types of videos have helped me.
Thanks! Glad we could help
Thanks Matt. You are a sharp guy. Really appreciate you explaining how you handle things
Thank you for the deep dive. Much Appreciated.
About subsidies: Farmers is one of the few people I agree should get subsidies. Without farmers what you gonna eat?
Hi from Australia...
It ain't cheap to farm!!!!
Hope all those city slickers are watching and see what it takes to fill the shelves in their supermarket....
Thanks for sharing, this is what RUclips should be all about...
Farmer's feed the world..👍🌽🌾
Nice job explaining how you're running your farm good luck in the future 👍🏻😉
Matt is like this up in southwestern Ontario too. Everybody thinks there is so much money in farming but there really isn't and if mother nature throws a bad year at you crop insurance only covers your expenses and I always noticed those bills always come in that mailbox that has to be paid and some days we wonder why we do it but we do😊😊
WOW!! What a great educational channel, deserves at least a million subs.
Awesome video Matt
Thanks for posting this video. Very informative.
Thanks for showing this, I want to farm and you are helping me out.
Great episode! Thx!
you are 1 of my fav tuber s you run a tight ship not head over ghillsin debt /green weanie equipt ypou cant work on glad you can keep the farm in the family if any body makesit you all are gonna be in the crowd how many acre do you actually own
Thanks for sharing.
Some other youtube farmers say they never make any money from farming but then you find out things like all their homes are owned by the farm so all housing costs are paid by the farm. Individuals involved in the farm own pieces of equipment and lease them back to the farm. The farm doesn't own much land but the people working on the farm own land and lease it to the farm. So "the farm" never makes any profit but they also were audited by the IRS and owed an additional $5000. They say with a straight face that the farm never pays them for their labor. They seemingly work hard for nothing.
Great Video
"Unless we can pay cash for equipment we don't buy it" - last of a dying breed there folks. Watch some of the other big shot YTers their up to there eye balls. Hats off in showing the general public how much $ is handled and how little is actually made. Its terrifying at times !
Great.video
What spreadsheet do you use?
Ones I made myself
Do your cost share land lords get a share of the ascs payments that you get and the cover crop payment
They get a share of program payments through the FSA. They do not get a share of EQIP payments for cover crops because they do not pay a portion of the costs
Give us a tour of your house
That would be a no
Did you list RUclips income? I might of missed it.
No. Strictly on farm income
👏👏👏
Hey do provide any consultancy services based on your experience?
Nothing official
@@griggsfarmsllc what I meant was like a brotherly or friendly advice for someone who wants to start in farming, like a few tipes from your experience
So less than 4% profit margin last year?
👋👋👋
70k isn't much for all your work but wouldn't abetter way of looking at what you made would be increase in net worth? Especially when your calling loan repayment and equipment purchase an expense when it would add directly to net worth.
You are correct.