Farm land can be leased out for a revenue stream. It will always be there. And they aren't making any more of it so it will increase in value over time. So it beats other forms of real estate investments by a mile.
I've been a farm land investor since 1985. Same price swings and investment yields as any other investment (stock market etc.). The price per acre (quality land does go higher) vs the crop yield always make high priced dirt a difficult decision. The entire farm crisis of the 80's was caused by an long drought after very high land prices were justified by many. Good luck.
Phil never addressed how farmland investing "penciled out." My guess is it's so damn competitive, even for chickpeas, that his, and the farmers' profit margins are superthin.
Please understand that dirt is what get under your finger nails while working with the SOIL that grows your food. Also Ruminates are still the most effective and tasty way of creating protein.
I love Ken's content, and Phil seems like a great guy, but there is NO MONEY in farming. Don't believe me? Talk to a farmer who raises meat stock and ask what auction prices are now for goat meat or beef, or ask how much sheep wool sells for now. As a farmer with friends that are farmers, you better have another source of income or be independently wealthy to be a farmer now. This gentleman inherited his land/farming business, that changes the calculus big time.
Any extra questions I’ll shamelessly plug my employer Farmers National Company that’s been doing this 90 years. I’m a local agent and farm manager in eastern Nebraska. Farm land is a different animal for people to comprehend. We manage land for absentee land owners and investors. Most conventional farm land for our area will only generate around 1.5-2.5% on an annual basis depending on lease structure for conventional crop rotations like corn and soybeans.
Also don’t forget in agriculture we are price takers. You don’t get a chance to have a fixed to increasing rent. If the farmer can’t make production work out, adjustments have to be made our you will face a vacancy.
Omg they have an office in Pullman, WA!! I’m sure this guy is worth millions. I was told that Sabra hummus sources 90% of their chickpeas from the Palouse. My main question about being a farm ground landlord is, how do you write the contract in such a way to guarantee you’re paid? Are there liens filed on the crop?
As a farmer, if you do want these guys are suggesting, you will lose your ass. Agricultural is a highly competitive sector of the economy. Enter at your own risk.
Some farmers are making more money with youtube than with farming. For anybody wanting to get into farming, it’s easy to accumulate a lot of debt if you’re using the bank’s money to buy land and equipment. There was a man on the Dave Ramsay show that dug himself into a really big hole doing that.
Dont worry, they will bid up the prices, turn it into an "investment" strategy, pump the prices and there goes anyone's dream of owning a 5 acre parcel in Canada.
The agricultural sector is very competitive but with the increase in the world population I think is best to invest in real estate and agriculture cos by the time the world population hit 10billion by 2050 food demand will be very high
Investing in agriculture you don’t really need to go into farming, for me I found a way to milk from the sector without owning a piece of farm land. I invest with @agro_farm_official on Instagram I earn 25% of all my investment every month. Just a friendly recommendation
I bought a 40 Acre Farm 18 months ago found out I had six people encroaching on my property. I've had to hire a lawyer I had some success but still have two holdouts. They want to steal my land they claim squatter rights. They dumped on my land crap and old trailers. They throw trash alongside the road. They look for mushrooms in my Woods. They called the police on me because they think it's their land. It's getting bad out there
Find an area you like, and invest there. For example close to Santa Cruz they grow micro greens for salads. I love eating salad so I invested in that company as an investor. I make a certain percentage from everything sold. And I don't have to run a farm.
Hi Ken... I really like your YT videos, and have learn a lot from you; especially all the lessons you personally taught in front the white board... many thanks. I’d be very appreciated if you’d answer for me the following questions 1) what lessons would I, as a beginner CRE student and beginner investor, gain the knowledge from CRE learning @ Ken McElroy.com?? how the programs work/fee, etc?? 2) DO you offer any kind of mentorship program to “mentor” Multifamily beginner investor?? 3) please give your advices to beginner investor like me, who want to invest / purchase out of state Multifamily property?? or should I first purchase “local” property(ies) where I live first?? 4) how can I be part of your CRE syndication and become your investor?? thanks for your time
Phil is a very nice guy but I wished he actually told me how to make money in farming. There's a shortage of farmers in our country and this is part of the reason why.... Ken inspires you to go get apartments....Phil has not inspired me to farm even though I already had an interest in it before this video
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
I don't think of farm land as a good investment since vertical farms are inevitable going to revolutionize farming in the next 5 -15 years so, I myself will stay away from farming. What also should be considered that at this point climate change is inevitable as well so in most areas the land will either be swept over with excess water, or there won't be enough water to support farming.
Farmers do not have additional funding beyond the season UNLESS they " bet " the FARM NET WORTH AGAINST what is owned. EQUITY. sO... to buy the land next door on the Equity of the farm they have a loan on and a BAD SEASON or other natural disaster.. such as a personal health disability.. or lack of rain, twister, many things can ruin crops. Betting the current FARM to EXPAND REVENUES = more profit is based on EARTH AND REALITY UNKNOWNS. One can lose everything and still owe for LIFE ! sO... IF.. I own the neighbor land and do a contract for CROP SHARE REVENUES AND PROFITS with the Lease to the Famers with you.. that risk is minimised .. to FARMER AND LESSOR. kEEP it SIMPLE STUPID ~~~ !
I totally dislike that they are manufacturing outside of the USA. Sorry, I just lost any respect I had for that chick pea guy. I'm doing my best to buy made in the USA, checking labels, paying a little more for my food even though I am retired with a low fixed income. Think American, sir.
Profitability in Farming is due to whether or not.Climate change is real.t one plant takes 3 gallons of water. Times a 150 plants per acre That is a lot of water.
Please dont be turds and bid the price of land up sky high, I realize you work for commission, but the average person cant pay 1 million dollars for 5 acres.
He should have his own RUclips channel. So much content! So much to learn! I'd like to diversify to farm land.
I love Ken's work. He is a true pro. There are lots of people teaching real estate but Kenny i the real deal. I also really liked his books. 👌👍🙌
I can tell that he really believes in and likes the product talking about not just trying to sell me something.
To everyone who see’s this you’re special, keep grinding and believing. Your financial freedom is on the way! Peace and Love♾
Thanks man !
I really enjoyed this video... I'm vegan and self+educating in money. I love this guy.. thanks Ken.
Greetings from Barcelona Spain
Farm land can be leased out for a revenue stream. It will always be there. And they aren't making any more of it so it will increase in value over time. So it beats other forms of real estate investments by a mile.
Thanks Ken for bringing different aspects of real estate to our attention. God bless!
That’s a great content ken! Thanks a lot for the interview with Mr. Phil
I've been a farm land investor since 1985. Same price swings and investment yields as any other investment (stock market etc.). The price per acre (quality land does go higher) vs the crop yield always make high priced dirt a difficult decision. The entire farm crisis of the 80's was caused by an long drought after very high land prices were justified by many. Good luck.
Incredible discussion, farmland can be very beneficial to have in your portfolio and will allow you to diversify greatly
Phil never addressed how farmland investing "penciled out." My guess is it's so damn competitive, even for chickpeas, that his, and the farmers' profit margins are superthin.
Really enjoyed this conversation. Thank both of you gents.
Everything you explained is totally correct
Please understand that dirt is what get under your finger nails while working with the SOIL that grows your food. Also Ruminates are still the most effective and tasty way of creating protein.
Most people don't know but farm land is much more profitable asset than a rental apartment
I love Ken's content, and Phil seems like a great guy, but there is NO MONEY in farming. Don't believe me? Talk to a farmer who raises meat stock and ask what auction prices are now for goat meat or beef, or ask how much sheep wool sells for now. As a farmer with friends that are farmers, you better have another source of income or be independently wealthy to be a farmer now. This gentleman inherited his land/farming business, that changes the calculus big time.
Genius genius please more education in the segment and very very interesting Thanks you Guys
Great video Keny showing other real estate sectors
Thank you Ken for such an interesting interview-what a wonderful family blessing us all with growing a great product. I learned a lot. Jana, TX
No.....I appreciate it. This is timely info for me. Conceptually, it makes clear sense.
Brilliant discussion. Would love more on this. Farm related.
Great stuff Ken! Keep up the hard work!
Such an amazing and educational video! Thank you so much Ken, we already love your wonderful guest🌸
Any extra questions I’ll shamelessly plug my employer Farmers National Company that’s been doing this 90 years. I’m a local agent and farm manager in eastern Nebraska. Farm land is a different animal for people to comprehend. We manage land for absentee land owners and investors. Most conventional farm land for our area will only generate around 1.5-2.5% on an annual basis depending on lease structure for conventional crop rotations like corn and soybeans.
Brandon Meyer website
Wonderful show! I loved every minute of it. I’ll check out his website now
Thank u for the sharing. I learned a lot from u and started the snowball effect.
Thanks for being our mentor!!!
I love the shirt Ken!!
Wow I learned lots. Thanks so much for the great episode 👍🏻
Also don’t forget in agriculture we are price takers. You don’t get a chance to have a fixed to increasing rent. If the farmer can’t make production work out, adjustments have to be made our you will face a vacancy.
I have lived in Montana for 25 years. Where can you buy land for $1,000 or $1,500?
at 2:45 Hinrich is trying to be extra flashy hahaha
Omg they have an office in Pullman, WA!! I’m sure this guy is worth millions. I was told that Sabra hummus sources 90% of their chickpeas from the Palouse. My main question about being a farm ground landlord is, how do you write the contract in such a way to guarantee you’re paid? Are there liens filed on the crop?
Interesting Ken I’ve bought agriculture ETFs and commodity ETFs but never considered farm buying
As a farmer, if you do want these guys are suggesting, you will lose your ass. Agricultural is a highly competitive sector of the economy. Enter at your own risk.
Some farmers are making more money with youtube than with farming. For anybody wanting to get into farming, it’s easy to accumulate a lot of debt if you’re using the bank’s money to buy land and equipment. There was a man on the Dave Ramsay show that dug himself into a really big hole doing that.
LoL... I agree with you. But they are being optimistic.
Dont worry, they will bid up the prices, turn it into an "investment" strategy, pump the prices and there goes anyone's dream of owning a 5 acre parcel in Canada.
The agricultural sector is very competitive but with the increase in the world population I think is best to invest in real estate and agriculture cos by the time the world population hit 10billion by 2050 food demand will be very high
Investing in agriculture you don’t really need to go into farming, for me I found a way to milk from the sector without owning a piece of farm land. I invest with @agro_farm_official on Instagram I earn 25% of all my investment every month. Just a friendly recommendation
Zaboomafoo and the Kraft brothers would be proud!
Thank you Ken !!
Thks interesting video
Drought, extreme heat will be the nail in the coffin for irrigation, farming in general in the west.
Thank you can. Amazing content. Thank you for sharing
Great content. Subscribed to you
Continue to invest in capital improvements on farms, including new wells and tile systems.
Great contents. Thank you.
Simply genius!!!
Priceless!
Tax benefits to farmland.
I wish that you say soil instead of dirt.
I bought a 40 Acre Farm 18 months ago found out I had six people encroaching on my property. I've had to hire a lawyer I had some success but still have two holdouts. They want to steal my land they claim squatter rights. They dumped on my land crap and old trailers. They throw trash alongside the road. They look for mushrooms in my Woods. They called the police on me because they think it's their land. It's getting bad out there
I took the trespassers fence down while he was sleeping. He was on as disability and was judgement proof in court.
Thx sir for egg replacement
Very interesting stuff👍
Great show
Stocks?
Excellent !!! Plant Protein is IT !!!!!
So I missed the investing part. He grows chick peas. On and on and on. How can we make money investing in farmland
Do they use Glifhosfate in their farms? Or use Sustainable Agriculture?
I guarantee it's not sustainable
Super video
How can I make contact to get assistance in the right land purchase and rental
Find an area you like, and invest there. For example close to Santa Cruz they grow micro greens for salads. I love eating salad so I invested in that company as an investor. I make a certain percentage from everything sold. And I don't have to run a farm.
Was he the inspiration for orchard canyon..? Great video buddy
Put a small time farmer on you channel.....instead of a corporate guy
Just a suggestion. 50,000 acres isn’t an average person
Do you have a book
Water rights...🤔
Starting with farming real estate and finished with garbanzo milk 😆
Hi Ken... I really like your YT videos, and have learn a lot from you; especially all the lessons you personally taught in front the white board... many thanks. I’d be very appreciated if you’d answer for me the following questions 1) what lessons would I, as a beginner CRE student and beginner investor, gain the knowledge from CRE learning @ Ken McElroy.com?? how the programs work/fee, etc?? 2) DO you offer any kind of mentorship program to “mentor” Multifamily beginner investor?? 3) please give your advices to beginner investor like me, who want to invest / purchase out of state Multifamily property?? or should I first purchase “local” property(ies) where I live first?? 4) how can I be part of your CRE syndication and become your investor?? thanks for your time
Hi. Is Hinrichs Trading Co publicly trading?
Medium is in the thousands 😲 of acres!
Phil is a very nice guy but I wished he actually told me how to make money in farming. There's a shortage of farmers in our country and this is part of the reason why.... Ken inspires you to go get apartments....Phil has not inspired me to farm even though I already had an interest in it before this video
You can't survive on protein you need your Essential fatty acids (fats). Thank you for the video.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
6 px
Well said !
avg farm is not over 2k acres. no way. he's off by a factor of.... a lot
Never answered the question on how farmland can be a real estate investment.
All I got was a vegan propaganda message...
I don't think of farm land as a good investment since vertical farms are inevitable going to revolutionize farming in the next 5 -15 years so, I myself will stay away from farming. What also should be considered that at this point climate change is inevitable as well so in most areas the land will either be swept over with excess water, or there won't be enough water to support farming.
ONLY INTERESTED IN LEASING LAND TO FARMERS
Reparations Please..."
40 Acres and a Mule" which today would be the equivalent of a small pick up truck ' No Greater"no Less"
Farmers do not have additional funding beyond the season UNLESS they " bet " the FARM NET WORTH AGAINST what is owned. EQUITY. sO... to buy the land next door on the Equity of the farm they have a loan on and a BAD SEASON or other natural disaster.. such as a personal health disability.. or lack of rain, twister, many things can ruin crops. Betting the current FARM to EXPAND REVENUES = more profit is based on EARTH AND REALITY UNKNOWNS. One can lose everything and still owe for LIFE ! sO... IF.. I own the neighbor land and do a contract for CROP SHARE REVENUES AND PROFITS with the Lease to the Famers with you.. that risk is minimised .. to FARMER AND LESSOR. kEEP it SIMPLE STUPID ~~~ !
I totally dislike that they are manufacturing outside of the USA. Sorry, I just lost any respect I had for that chick pea guy. I'm doing my best to buy made in the USA, checking labels, paying a little more for my food even though I am retired with a low fixed income. Think American, sir.
Profitability in Farming is due to whether or not.Climate change is real.t one plant takes 3 gallons of water. Times a 150 plants per acre That is a lot of water.
A 150000 plants per acre
Please dont be turds and bid the price of land up sky high, I realize you work for commission, but the average person cant pay 1 million dollars for 5 acres.