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Farm4Profit Podcast

Farm4Profit Podcast

Autor: David Whitaker Corey Hillebo Tanner Winterhof
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O tym tytule
 Our mission is to provide farms and operators an independent and unbiased outlet for information related to increasing the profitability of their farming operation. We will be providing farms and operators of all sizes and experience levels access to the latest trends, projections, and the tools necessary to increase farming profitability. We will take each episode to deliver latest news, what's working for active farms, and a topic of focus each episode. Remember, if you aren't farming for profit you won't be farming for long. Ekonomia Finanse osobiste
Odcinki
  • R&D Tax Credits: Separating Facts from Fiction

    R&D Tax Credits: Separating Facts from Fiction
    Nov 4 2026
    Farmers, there's potentially good news if you thought you'd missed your opportunity to claim research and development (R&D) tax credits. Tim Taschner and Corey Stanley from Onshore return to the Farm4Profit studio for an important What's Working in Ag update. After an earlier conversation emphasized the July 4 deadline, the Onshore team explains that newly issued IRS procedural guidance has clarified how producers can amend prior-year tax returns to claim credits. While filing before July 4 offered certain advantages, Tim says the new guidance makes pursuing eligible credits after that date more practical than initially expected. Farmers may still be able to look back at prior tax years, although applicable filing deadlines and individual tax circumstances remain important.One of the biggest developments is a February 2026 tax court decision involving George's of Missouri, a major poultry producer. Tim and Corey spent nearly a decade working on the case and explain why they believe the ruling has significant implications beyond the poultry industry. The case involved evaluating commercially available poultry genetics and animal health products in a real-world production environment. According to the Onshore team, the court recognized that certain experimentation with products developed by other companies can qualify as research activity when the applicable requirements are met. They compare this to row-crop farmers evaluating different seed hybrids, testing new fertility products, or changing production practices to improve performance. The key distinction is that a farmer doesn't necessarily have to invent a product to conduct qualifying research; how the product is evaluated, the purpose of the activity, and the supporting documentation all matter.The discussion also tackles how much money could potentially be available to qualifying farms. Tim uses the example of a 2,000-acre producer who could potentially generate $60,000 to $120,000 in tax savings, depending on eligible activities, expenses, and the farm's tax situation. Unlike a deduction, which reduces taxable income, a tax credit can directly reduce tax liability. The Onshore team explains how existing farm records—including planting maps, hybrid information, fertilizer applications, harvest data, and agronomic evaluations—can help document qualifying activities. They also discuss why farmers should explore available tax credits before automatically purchasing additional equipment or using Section 179 depreciation solely to reduce their tax bills. However, they emphasize that credits don't necessarily produce an immediate refund, especially when a farmer has little or no current tax liability.Finally, Tim and Corey address common misconceptions surrounding agricultural R&D tax credits. They explain why a farm doesn't need a large employee base to potentially qualify, why purchasing a piece of farm equipment is different from conducting qualifying research with that equipment, and how certain labor expenses associated with new production practices may be eligible even when the equipment purchase itself is not. They also respond to concerns about insufficient IRS guidance, documentation requirements, skeptical tax professionals, and audit risk. Onshore says it works directly with farmers' CPAs to evaluate eligibility and support claims. The team encourages producers to review their situations before approaching tax filing deadlines, particularly because older tax years can eventually become unavailable for amended claims. 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/Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
    Rozwiń Zwiń
    17 min
  • Crop Insurance Is Changing: Protecting Your Farm's Bottom Line

    Crop Insurance Is Changing: Protecting Your Farm's Bottom Line
    Nov 2 2026
    Recorded at the Maya Corn Heads booth during Husker Harvest Days in Grand Island, Nebraska, Tanner, Corey, and David welcome Caleb Wilson and Lucas Connery from Till Insurance for a timely conversation about protecting farm profitability heading into the 2027 growing season. Caleb, originally from Seneca, Kansas, leads innovation initiatives at Till after working with Farmers Business Network and Farm Credit. Lucas, based near Madison, Wisconsin, brings approximately 14 years of crop insurance experience. Together, they explain Till's approach to supporting independent agents by reducing administrative work, improving access to information, and allowing agents to spend more time serving farmers. Since federally regulated crop insurance rates are standardized, they argue that the real difference often comes down to the quality of the agent, the advice provided, and the tools available.The conversation tackles some of agriculture's most confusing insurance acronyms, including Revenue Protection (RP), Supplemental Coverage Option (SCO), and Enhanced Coverage Option (ECO). Caleb explains how SCO and ECO provide additional county-based coverage above a farmer's underlying policy and why those products aren't necessarily the right investment in every county. He introduces Till's ECO Optimizer, a tool that evaluates historical county performance, insurance triggers, and expected value using USDA Risk Management Agency data. The goal is to help agents and farmers understand whether a policy makes financial sense rather than purchasing coverage simply because it's available. The group also discusses the importance of understanding Actual Production History (APH), comparing coverage levels, and evaluating how closely an individual farm's yields track county averages.Livestock producers get plenty of attention as the discussion shifts to Pasture, Rangeland, and Forage (PRF) insurance and Livestock Risk Protection (LRP). Lucas and Caleb explain how PRF uses rainfall measurements to provide protection for grazing and forage operations, while LRP can help cattle producers establish a price floor against declining livestock markets. They also discuss livestock insurance for hogs, dairy revenue protection, and why cattle producers have historically participated in insurance programs at much lower rates than row-crop farmers. Caleb previews a livestock risk management platform Till is developing to track cattle inventories, break-even prices, market movements, and potential insurance opportunities. The conversation emphasizes that LRP protects against market price changes, not livestock death, and that knowing your true production costs is essential before deciding which risks to protect.The crew also explores the growing market for private crop insurance products, including wind, hail, supplemental revenue, and individual yield protection. Unlike federally subsidized policies, these private products can carry different rules, costs, and coverage limitations depending on the insurance provider. Lucas explains why farmers should carefully compare options rather than assuming every additional policy provides the same protection. The group debates whether self-insuring makes sense, using an example of a farmer holding $200,000 in reserve compared with purchasing approximately $5,000 in annual coverage. They also discuss the role of crop insurance subsidies in maintaining a stable agricultural economy and why insurance decisions should reflect each farm's financial position, debt obligations, production history, and tolerance for risk.With deadlines approaching, the guests remind listeners that crop insurance planning should be a year-round conversation, not a last-minute meeting before sales close. They identify December 1 as an important PRF deadline and March 15 as the major spring sales closing date for corn and soybeans in much of the country, while noting that deadlines vary by crop and location. Their biggest recommendation for 2027 is simple: ask your agent to explain why your current coverage still makes sense, how your operation compares with county performance, and whether new private products or coverage combinations could better protect your cost of production. The episode wraps up with plenty of Farm4Profit humor, including interruptions from the windy farm show, a crop insurance drinking game, and the ongoing debate about whether farmers should pay their insurance premiums earlier in the season.Learn more about Till Insurance at tillinsurance.com. 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://...
    Rozwiń Zwiń
    48 min
  • Building a 300+ Bushel Corn Crop : How One Iowa Farmer Is Rethinking Crop Nutrition

    Building a 300+ Bushel Corn Crop : How One Iowa Farmer Is Rethinking Crop Nutrition
    Oct 29 2026
    https://agxplore.com/assessment/Tanner, Corey, and David welcome Tyler and Hannah Hunter, the husband-and-wife team behind Greene County Agronomy in Jefferson, Iowa. Tyler grew up in a farming family near Scranton and worked in seed treatment and agricultural retail before launching the business in 2014, with its first full operational year in 2015. Hannah, who grew up in Coon Rapids and studied marketing at Buena Vista University, has become an essential part of the operation, handling everything from business responsibilities to operating a massive grain cart during harvest. Together, they've built a full-service agronomy business offering Pioneer seed, crop protection products, fertilizer, plant nutrition, custom application, and crop management advice. Their investments include a 10,000-ton dry fertilizer facility and a million-gallon heated ammonium thiosulfate storage tank designed to improve purchasing flexibility and product availability.The conversation quickly moves into high-yield corn production and the importance of balanced plant nutrition. Tyler explains why he believes farmers sometimes focus too heavily on nitrogen and phosphorus while overlooking nutrients such as sulfur, zinc, copper, molybdenum, and calcium. Using in-field tissue testing technology from LeafTech, his team tracks nutrient trends and identifies opportunities for in-season adjustments. On his own continuous-corn acres, Tyler says he has reduced nitrogen use from approximately 1.1–1.2 pounds per bushel toward 0.6 pounds per bushel while maintaining strong yields. He shares an example of a field that averaged 324 bushels per acre of dry corn, emphasizing that the real measurement of success is return on investment rather than yield alone.A major focus is the Hunters' relationship with AgXplore and their experience testing plant nutrition products. Tyler describes how an early trial with an AgXplore boron product produced results strong enough to make him reconsider his skepticism toward specialty nutritionals. He discusses using GrowPak AI as an in-box planter treatment, along with customized in-furrow nutrition, calcium applications, sulfur programs, and strategically timed foliar micronutrients. One particularly memorable example came when Tyler ran out of zinc during an application and later observed a 17-bushel-per-acre difference in the treated portion of a field. He stresses that such results aren't guaranteed and that nutrient availability, placement, timing, and the crop's limiting factors all influence whether a product pays.The episode also takes a detailed look at Tyler's corn-on-corn equipment and management system. From in-furrow and 2-by-2 fertilizer placement to T-band applications, residue management, tire inflation, and planter closing systems, he explains why small improvements throughout the season can add up. The group discusses his experience investing in strip-till equipment, only to abandon the approach after inconsistent application performance and disappointing economics. Tyler also shares how he evaluates new products through field trials, why his customers receive priority when application windows get tight, and why honesty and consistency have been central to growing Greene County Agronomy.Looking toward the 2027 crop, Tyler expects to keep refining variable-rate fertilizer prescriptions, tissue testing, micronutrient programs, and the balance between production costs and yield potential. Hannah adds perspective on the realities of building a family business, learning agriculture firsthand, and keeping a complex operation moving. Naturally, the Farm4Profit crew mixes in plenty of humor about pilot lessons, South African farm labor, giant grain carts, expensive equipment experiments, and a few stories the Hunters apparently aren't allowed to tell.The central takeaway: Profitable crop production isn't about throwing more inputs at every acre. It's about understanding what each field needs, testing what works, and making every dollar earn its place. 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/Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
    Rozwiń Zwiń
    1 godz. i 6 min
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