How Much Money I Made Farming From Scratch

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  • Опубликовано: 5 фев 2025

Комментарии • 332

  • @garagebrothers2023
    @garagebrothers2023 Год назад +256

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

    • @spencerhilbert
      @spencerhilbert  Год назад +22

      Thanks I appreciate it!

    • @AWvyren
      @AWvyren Год назад +3

      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
      @sshumkaer 10 месяцев назад

      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
    @mattiantorno2241 Год назад +101

    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
      @spencerhilbert  Год назад +5

      I Appreciate the comment! Thank you!

    • @Philip212
      @Philip212 8 месяцев назад

      @@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

  • @tomwalsh1331
    @tomwalsh1331 Год назад +36

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

  • @wasd782
    @wasd782 Год назад +22

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

  • @danieldzurko8053
    @danieldzurko8053 Год назад +2

    Thank you for the information and transparency.

  • @RouthFarms
    @RouthFarms Год назад +13

    Spencer, as a young farmer and having a young RUclips channel I appreciate you. I hope maybe one day for my RUclips 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
      @spencerhilbert  Год назад +3

      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.

  • @brockmiller4084
    @brockmiller4084 Год назад +1

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

  • @waltersaari7954
    @waltersaari7954 Год назад +2

    Thanks for the transparency.

    • @spencerhilbert
      @spencerhilbert  Год назад

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

  • @paulmullins4439
    @paulmullins4439 Год назад +1

    I watch your brother channel now I'm going to start watching your channel as well keep up the great work

  • @robertyoung1777
    @robertyoung1777 Год назад +1

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

  • @gerrardvoesenek7616
    @gerrardvoesenek7616 Год назад +1

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

  • @NathanReeves-s4l
    @NathanReeves-s4l 6 месяцев назад +1

    Thankyou so much for giving real numbers. I try to find real numbers all over the place and can almost never find them. Griggs Farm LLC also has some good videos with specifics. Thanks again

  • @michaelmackey754
    @michaelmackey754 Месяц назад +1

    I just found you. I’ve never been into farming, but I find it very interesting watching your videos. Thank you.!

  • @kanlife5768
    @kanlife5768 Год назад +2

    Thanks for your honesty. This was encouraging to watch.

  • @smokedaodblunt3755
    @smokedaodblunt3755 Год назад +1

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

  • @zcole6612
    @zcole6612 Год назад +4

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

    • @spencerhilbert
      @spencerhilbert  Год назад +2

      I agree Neighbors have been the most help by far!

    • @abdullahreed
      @abdullahreed Месяц назад

      @@spencerhilbert Thanks for more insight.

  • @trytobetheballpeople
    @trytobetheballpeople Год назад +1

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

  • @johnnytoobad4287
    @johnnytoobad4287 Год назад +70

    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
      @charliehargrave7458 Год назад +1

      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
      @Dinkslayer681 Год назад

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

    • @tapnad7263
      @tapnad7263 10 месяцев назад

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

    • @pilsplease7561
      @pilsplease7561 8 месяцев назад +1

      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

  • @patrickaherne3598
    @patrickaherne3598 Год назад +1

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

  • @victorianicol-smith9436
    @victorianicol-smith9436 5 месяцев назад +1

    Love this. This is the first I've watched. Such a a non-BS channel. Really interesting, thanks for sharing

  • @Thekman882
    @Thekman882 Год назад +4

    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❤❤❤

  • @marinvlahovic2950
    @marinvlahovic2950 Год назад +1

    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!

  • @eastonA11
    @eastonA11 Год назад +6

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

  • @Tulunzee
    @Tulunzee Год назад +17

    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!

  • @EagleYin
    @EagleYin 8 месяцев назад +1

    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!

  • @silverbackscopesgeog
    @silverbackscopesgeog Год назад +1

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

  • @champagnechevy8761
    @champagnechevy8761 Год назад +1

    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

  • @robervin9107
    @robervin9107 Год назад +43

    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 RUclips 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
      @ripperlipper1016 Год назад

      I see your comments everywhere

    • @AgentJo-i1u
      @AgentJo-i1u 5 месяцев назад

      He LOST money. HOW IS THIS HEART WARMING????!!!!

  • @quentinwilliams9573
    @quentinwilliams9573 Год назад +1

    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!!

  • @nicke6394
    @nicke6394 Год назад

    Great explanation. 25 yrs time with expansion, land appreciation and loans paid off you’ll be sitting on a goldmine as long as you can cover your cash flow in the meantime👍😎

  • @jeffb8832
    @jeffb8832 10 месяцев назад +1

    The land could temporarily drop in value, but no one can predict that. The important thing is you got your foot in the door. Build equity and buy another piece.

  • @kingsgambit7734
    @kingsgambit7734 Год назад +1

    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 RUclips to help you get started was fantastically smart!!! :)

  • @paulinanuman3200
    @paulinanuman3200 Год назад

    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.

  • @headero
    @headero Год назад

    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.

  • @Mrleague421
    @Mrleague421 Год назад +3

    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
      @pilsplease7561 8 месяцев назад

      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.

  • @jackmorrison8030
    @jackmorrison8030 9 месяцев назад

    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.

  • @mcd5082
    @mcd5082 Год назад +3

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

  • @DontAtMe2k24
    @DontAtMe2k24 Год назад

    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.

  • @jeromep976
    @jeromep976 Год назад +1

    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.

  • @evan7710
    @evan7710 Год назад

    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.

  • @tomholmes1350
    @tomholmes1350 Год назад

    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.

  • @AllanPerrrault
    @AllanPerrrault 2 месяца назад

    Hi, I just watched your video's, you have done a very good job on your start up. My suggestion to you is be true to yourself, look at all expenses every year and do keep your records to see how you are doing. Keep the good work up and thanks for sharing. Good luck from Allan up in Alberta Canada.

  • @RomeoXak
    @RomeoXak Год назад +2

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

  • @CoinCommunityCollectors
    @CoinCommunityCollectors Год назад +1

    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.

  • @evanoliver44
    @evanoliver44 Год назад +1

    That is true if u want to own a farm u should have enough cash in hand to pay for seeds and Equipments,,otherwise u will lose even will lose ur lands ,,,like u should have cash between 150k to 250k to manage farm 50 Acres ,,but that u are lucky have kind brother he help you ,,God bless u ,,I am same u lost my house then I sold 10 acres then I start manage but still suffering from the begging lost,,,thank u brother

    • @AgentJo-i1u
      @AgentJo-i1u 5 месяцев назад

      This is depressing...

  • @HermmyElf
    @HermmyElf Год назад +2

    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. 👍

  • @jakebot97
    @jakebot97 6 месяцев назад

    Thank you for putting this info out for us. I’m currently working to save to be able to get my own land and equipment in a few years and this helped boost morale. Cheers

  • @Volfarmer
    @Volfarmer Год назад

    This is a great RUclips 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 RUclips 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
      @spencerhilbert  Год назад +1

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

  • @FailureatRetirement
    @FailureatRetirement Год назад +2

    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.

  • @rosquirk9310
    @rosquirk9310 Год назад +1

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

  • @arthura.applegatejr.7145
    @arthura.applegatejr.7145 Год назад +1

    My Grandpop moved to the farm in 1917 as a tenant farmer. He bought the farm, lock,stock and barrel in 1936. After the war my Uncle moved off the farm and my Dad and Grandpop farmed about 450 acres. In the ‘60s , after I was born Dad took out an operating loan for $100,000. 00 to $150,00.00. We were potatoes and grain.

  • @bvisser9260
    @bvisser9260 Год назад +3

    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 👍

  • @mennoreuten1563
    @mennoreuten1563 Год назад

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

  • @brentclarke1841
    @brentclarke1841 Год назад +1

    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 👍🚜👍

  • @jeremiah5313
    @jeremiah5313 Год назад +8

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

    • @AgentJo-i1u
      @AgentJo-i1u 5 месяцев назад

      I m not sure the bank will accept fun or challenge or family time to pay rhe morgage or pay the bills...

  • @bernardniesen8694
    @bernardniesen8694 Год назад

    It is cool 😎 to know that you can hedge your crop before it is harvested!

  • @ELIRAXPRT
    @ELIRAXPRT Месяц назад

    I never thought about the land appreciation factor. That’s interesting and at least helps me justify my dream of owning land.

  • @Derailedtrain666
    @Derailedtrain666 Год назад

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

  • @richardmiller7622
    @richardmiller7622 Год назад +1

    You should call your site”no bullshit farming”. Thanks for your honest presentation of both the RUclips numbers and the total farming costs.

  • @zachhefner2453
    @zachhefner2453 Год назад

    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.

  • @31worm31
    @31worm31 Год назад

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

  • @yetti_31
    @yetti_31 Год назад

    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!

  • @brandonblack8896
    @brandonblack8896 Год назад

    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.

  • @RoyceRoberts-m9l
    @RoyceRoberts-m9l 11 месяцев назад

    very helpful video thanks for sharing

  • @angrybird2598
    @angrybird2598 Год назад

    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

  • @WJACowboy
    @WJACowboy Месяц назад

    Impressive channel. Looking forward to see more.

  • @lucasharder4511
    @lucasharder4511 Год назад

    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!

  • @tworah
    @tworah 9 месяцев назад

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

  • @BigDiesel545
    @BigDiesel545 Год назад

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

  • @just_your_localguard9612
    @just_your_localguard9612 10 месяцев назад

    So honestly id like to see total if you had to rent/buy etc.. equipment, most people i know interested in farming doesn't have same resourcess and most of them definitely wouldn't have access to all the equipment you were able to borrow from your brother, it be very interesting idea, also land in Iowa getting even harder to get has multi million dollar companies are buying it all up

  • @tibetfruit2324
    @tibetfruit2324 Год назад

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

  • @anthonydolezal6627
    @anthonydolezal6627 Год назад

    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!!!!

  • @greganderson3676
    @greganderson3676 Год назад

    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

  • @lilrock8457
    @lilrock8457 Год назад +1

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

  • @rcwayt4020
    @rcwayt4020 Год назад

    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!

  • @cameronprater5224
    @cameronprater5224 5 месяцев назад

    Love the vid. I know pretty much nothing abt farming but really enjoy your content haha.

  • @travisdieringer3420
    @travisdieringer3420 Год назад

    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!

  • @Kevin986_
    @Kevin986_ Год назад

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

  • @suave47
    @suave47 Год назад

    It absolutely blows my mind at what u Americans pay to buy or rent land. In Central Canada, right now, half decent farm land sells for 3 to 4000 per acre and renting is anywhere from 50 to 120 per acre. And that's in Canadian dollars. So even less for u. Your losses would not even b there and u may have even been in the black money wise. Renting our land would have only cost u 5000 cad or more like 3750 usd. That is such a huge diffrence. It's so amazing to me how farms still exist in the states with the amount of losses farmers face from year to year. Just shows its a labour of love and not just a job but a lifestyle. Well done and hopefully it only goes up from this point on. Good luck

    • @Rush47.
      @Rush47. Год назад

      try germany or gernerell europe lmfao

  • @mattshell7753
    @mattshell7753 Год назад

    I truly enjoy you and Grants RUclips 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

  • @Kvgill
    @Kvgill 10 месяцев назад

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

  • @sivikase5067
    @sivikase5067 Год назад

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

  • @greggkiest1069
    @greggkiest1069 Год назад +1

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

  • @Jdearly
    @Jdearly Год назад +1

    Man thats awsome not bragging and helps new farmes aswell

  • @dougnicholas2317
    @dougnicholas2317 Год назад

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

  • @agritech2024
    @agritech2024 11 месяцев назад

    You are Great and very inspiring

  • @urbanturbine
    @urbanturbine 4 месяца назад

    Just stumbled upon your video. It was great information. It is sort of sad and alarming to see that making videos about farming is more profitable than actual farming with tangible products. Somethings are going terribly wrong in our times. Keep up the good work!

  • @thepowerboysllc7979
    @thepowerboysllc7979 Год назад

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

  • @BrettPruett
    @BrettPruett Год назад

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

  • @carnagie85
    @carnagie85 Год назад

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

  • @danmagstadt8345
    @danmagstadt8345 Год назад

    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!!

  • @tstears1
    @tstears1 Год назад

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

  • @shealy265
    @shealy265 Год назад

    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.

  • @daveb4210
    @daveb4210 Год назад +1

    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!

  • @Schrodingers_kid
    @Schrodingers_kid Год назад

    I was trying to think of when you'd be able to actually profit from farming, considering how expensive it turns out to be, but then I remembered that a lot of your expenses came from actually buying the land, which means that this year you were basically trying to get 0 to start profiting in the next year etc.
    Also, considering you should be able to profit in the future, you should be progressively doing better and better, because it will allow you to get your own equipment, eliminating cost of driving or towing combines and stuff back and forth
    So it is certainly a journey that's not for everyone, but it IS possible

  • @glenkellner9936
    @glenkellner9936 Год назад

    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.

  • @dougroberts4125
    @dougroberts4125 Год назад +1

    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

  • @dominiqueschwager5350
    @dominiqueschwager5350 Год назад

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

  • @manleybrittain1296
    @manleybrittain1296 Год назад +1

    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!

  • @ayowhatthedogdoinbruh
    @ayowhatthedogdoinbruh Год назад

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