Welcome to Barn Talk! We’re hanging out with Paul Erickson from Conterra, and we’re diving into the world of agricultural loans – a niche where these folks have really made a mark. In today’s episode, Paul’s going to unpack how big companies are really starting to see the value in farming through their investments in ag loans. We’ll also get into the details about land values, how some farmers manage to stay strong financially without carrying debt, and some top tips that every farmer should know to keep their finances in check. Plus, Paul’s got some stories to share about his own journey from the fields to the finance world, and how those roots have influenced his business ethos today.
00:00 Relevant episode about challenges in ag economy. 09:08 Adapted farm kid thrives at Dupont job. 13:53 Recognized the need for better loan structure. 20:49 Institutions are amazed at AG loan origination. 26:55 Conterra specializes in unique, troubled debt situations. 29:48 Institutions quickly buy up farm ground worldwide. 37:06 Farmers must know the financial position for loans. 38:54 Financial planning, long term rates, reliance on banks. 48:09 Farmers need better financial planning and reporting. 52:57 Generation valued hard manual work, mentality shifted. 01:00:50 US economy resilient, concerns about inflation. COVID response criticized. 01:03:08 Farmers need to expand for sustainable income. 01:08:46 Proactive attitude needed for addressing cash flow. 01:16:02 Immigration is crucial for labor in business. 01:18:08 Politicians out of touch with normal people. 01:23:31 Change of responsibilities and new experiences. 01:32:36 Farmers must diversify debt sources for success. 01:34:49 Content shared across various social media platforms. ------------------------------- ***PLEASE NOTE*** Barn Talk is a significant break from the typical content viewers have come to expect from This’ll Do Farm. Please be advised that we will be exploring a wide variety of topics (some adult-themed) and our younger viewers (and their parents) should be advised that some topics will be for mature audiences only.
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