This episode is based on a newsletter we came across from Phil Luce at White Commercial Corporation.  Phil talks about the ever-present uncertainty in agriculture and what we can do to fight against its impact on our decision making.

Here's the newsletter: https://twitter.com/PhilWCC/status/1262479290093928449?s=20

Also, check out White Commercial if you have any interest in commercial brokerage and/or education: https://www.whitecommercial.com/

In today's episode, Nick talks about a free tool that we have at Harvest Profit that allows you to stress test your farm's profitability.

We're going to be adding tools to this feature that will assign probabilities to each cell in the matrix.  This will allow you to objectively analyze the probability of certain profit outcomes.  The goal of this is to minimize your farm's "risk of ruin".

You can check out the P&L stress-testing tool here:  https://www.harvestprofit.com/matrix

In today's episode, we talk about how you and your farm should be in a position to analyze different scenarios and their ability to cover your farm's overhead.

Being able to do this type of analysis quickly throughout the year is a key system/trait of a long-term profitable farm.  You need to have the visibility into the financial side of your farm to be able to make confident, proactive decisions.  

This type of analysis can be done via a spreadsheet or a tool like Harvest Profit.  We recently added a scenario analysis tool to make this type of analysis a breeze!  If you'd like to see if the software is a fit for your farm, you can sign up for a 14-day free trial on our website -> https://www.harvestprofit.com/

Given the recent social media uproar regarding the startup Tillable, we wanted to share our thoughts on the topic.  

These thoughts aren't exclusive to Tillable given that there will always be companies trying to disrupt your relationships with your landlords. 

Our mission at Harvest Profit is to help you strengthen the relationships you have with your landlords.  You can try a free trial of our software to try out the landlord reports that we offer here: https://www.harvestprofit.com/sign_up/freetrial

In this episode, Nick and Jaryd discuss a recent bug in Harvest Profit.  They also discuss the new scenario/shapshot feature that Harvest Profit released as well as the methods the company employs to prevent bugs.  Unfortunately, there will always be some that slip through the cracks!

In this episode, Jaryd and Ben discuss a big new feature we are working on which allows you to do a ton of scenario analysis on your farm.

The beta version of Harvest Profit's scenario analysis tool will go live soon.  With this feature, you'll be able to answer questions such as:

- Budget vs. actual
- Rotation changes
- Adding/removing farms
- Adding/removing payments
- More selling/hedging
- Any combo of the above!

This is probably the most beneficial feature we've added to the software in the last couple years!

n this episode, we continue our interview with Ben Longlet.  Ben is a younger farmer from E ND and works on the Harvest Profit customer support team.

Today, we speak with Ben Longlet who's a customer support specialist at Harvest Profit.  He also farms with his family in Cass County, ND.  

Ben is a great asset to the team at Harvest Profit and we're excited to share with you more information on his farm and background.

In today's episode, we wrap up our discussion on the Greeks by digging into Theta and Rho.  One is vitally important to understand in regards to option prices and the other is more applicable to farm sensitivity analysis!

Also, here's the Tweet from Phil Luce at White Commercial Corporation that we refer to in the podcast: https://twitter.com/PhilWCC/status/1204746580441653248

In today's episode, we discuss the greek Gamma!

Gamma measures how sensitive an option's Delta is to movements in price.  It's a very important greek to consider if you ever sell options.  It's also the most complicated greek to understand so our apologies for how "dense" this episode is!