Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag
Mon, 7 Oct 2024
We are joined by Clink Fischer, founder of Brain Trust Ag, an innovative advisory firm dedicated to helping farmers maximize profitability and sustainability. Clink shares his extensive knowledge on financial planning, succession strategies, and business growth, offering practical advice on how farmers can navigate the complex financial landscape of modern agriculture. With a focus on long-term planning and adaptability, Brain Trust Ag supports farm owners in building businesses that are not only financially stable but also prepared for future challenges and opportunities.During the episode, Clink discusses how Brain Trust Ag helps clients create custom financial roadmaps tailored to their specific farm operations, whether they are managing a small family farm or a large agricultural enterprise. Topics include the importance of succession planning, strategies to ensure generational transfer, and key methods for improving operational efficiency. Clink also delves into the value of analyzing financial metrics to make data-driven decisions that can increase profitability and long-term success.The episode highlights Brain Trust Ag's mission to be more than just a financial consultancy, emphasizing its holistic approach to ensuring farmers' success. We also explore how Clink's experience in the industry has helped hundreds of farmers across the U.S. implement practical and sustainable solutions to grow their businesses. This conversation will inspire listeners to think critically about their farm's financial health and plan for the future with clarity and confidence. Don’t forget to like the podcast on all platforms and leave a review where ever you listen!Websitewww.Farm4Profit.comShareable episode linkhttps://intro-to-farm4profit.simplecast.comEmail addressFarm4profitllc@gmail.comPhone515.207.9640Subscribe to YouTubehttps://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTokhttps://www.tiktok.com/@farm4profitConnect with us on Facebookhttps://www.facebook.com/Farm4ProfitLLC/ Want Farm4Profit Merch? Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: Farm4profitllc@gmail.comCall/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/
Full Episode
It is a personal character trait of having that willingness to say, number one, we're recognizing that Junior is capable, has the skill set, has the ability to take over some of our management duties. And then number two, it's that how the heck do you just give up control? And that's just human nature is we want control. And so in order to give up control and
to me it is for that next generation to show their aptitude their skill set their ability to a take over the operation and kind of keep things status quo but also what are they bringing to the table are they bringing some other type of skills and ability or connections relationships to the farming operation so that the owner generation says okay this thing is in good hands
Ladies and gentlemen, farmers, ranchers, and distinguished guests, thank you for listening to the Farm for Profit podcast, where we discuss the latest ideas, methods, trends, and techniques available to help your farm achieve higher levels of farm profitability. Remember, if you aren't farming for profit, you won't be farming for long.
So here to talk nitrogen stabilizers with a great representative from Corteva, I've got Andrew Luzum here. And welcome back to the podcast. Thank you. Appreciate it. We also know that that soil profile is extremely complex. So do you have any suggestions this fall as we go through harvest as to what our listeners should be doing soil sampling wise?
You talk CECs, organic matter, everything, soils are very complex, right? So we always recommend that we're pulling soil tests, especially within every four years at minimum. With that, you know, we want to make sure that we've got adequate moisture. We're not overly too dry of soils that will throw soil skews or soil test way off.
The other thing is we want to make sure we're striving for accuracy and consistency when we look at these soil tests. You know, we want to make sure we're getting good six to eight inch cores and we want to make sure we're pouring and sending them to a good certified lab who's going to be running those results. You know, I know that fall gets busy for a lot of growers.
I think a lot of guys, even like ourselves, always think, you know, we're going to get to that this fall and 80 other things be coming the way. You know, I always recommend to hire somebody you can trust to make sure that you're getting those soil tests pulled because it is important.
You know, you look at the economics and the farm economy we're in today, you know, fertility really hasn't dropped in price, unlike what we've seen happen on the commodity side. And so we want to make sure that we are knowing what we're going to be putting out there this fall. There's a lot of guys looking at cutting back from a fertility perspective. I get it.
But let's make sure we're dialed in and putting out what we absolutely are going to need to raise crop next year.
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