Harvest Profit Podcast

Our mission is to give you better visibility into the numbers side of your farm.  Better visibility leads makes it easier for you to make more confident, proactive decisions on your farm.

If you're interested in taking more control of your farm's financial outcome, you can sign-up for a free trial of Harvest Profit here: https://www.harvestprofit.com/

Dr. David Kohl is a thought leader on all topics related to farm management best practices. 

He recently gave a presentation where he discussed four pillars related to what he calls farming's Business Model of the Future.  I dive into these four pillars on today's podcast.  To see the specific slide I refer to in this episode, visit the link below.

https://twitter.com/NickHorob/status/1306593734918696969/photo/1

Here are a couple resources we discussed in the episode.

• Substack: https://substack.com/
• Mailchip: https://mailchimp.com/features/website-builder/

The spreadsheet discussed in this course is available in our Business of Farming course which we open once/year.  It will be open this year on August 17, 2020.

To learn more, go here: https://www.harvestprofit.com/launch

In this episode, Nick discusses his thoughts on how/why you should build a culture of experimentation in your farm.  He discusses a six-step framework for tracking agronomic experiences and a seven-step framework for tracking grain marketing/risk management decisions.

Tracking these tests/decisions in a structured format can reduce the impact of the biases that often impact the learning of on-farm trials.

Focus on your farm's "small" data!

In this episode, Nick discusses a powerful formula which should be the building block for many of the management decisions you make on your farm.  It's the Expected Value formula.

You can learn more about it in this Harvest Profit blog post:  https://www.harvestprofit.com/blog/you-need-a-statistical-framework-for-farm-management-decisions

It's likely that you've heard of Bernie Madoff and his $65 billion dollar Ponzi scheme.

It's less likely that you know why July 1st is one hell of a day of the year for retired Major League Baseball player Bobby Bonilla.  He gets his annual payment of $1.19 million from the New York Mets today.

That's what we discuss in today's podcast and the applicable farm management lessons.

In this podcast, Nick talks about the impact regret has on grain marketing decisions.  

This topic was inspired by this blog post by grain merchandiser Cullen Wilson: https://www.harvestprofit.com/blog/no-regret-crop-marketing

Cullen understands that making grain marketing decisions is much easier said than done.  The concept of a "shrinking pie" when it's related to grain marketing decisions is especially powerful.

Enjoy the episode and we'll be increasing the frequency of our podcasts in the coming weeks! 

We have launched our as-applied integration with John Deere.  You can now import your as-applied data from John Deere into Harvest Profit and we'll automatically calculate the cost of those applications.  We then add them to your farm's cost of production and profit/loss calculations.

To "kick the tires" on our software, you can sign up for a free trial on our website here: https://www.harvestprofit.com/