For the last part of Mary Jo Irmen and Wade's three-part talk, Mary Jo talks more about her two books: Farming Without the Bank and Without the Bank. They also discuss changing the vicious cycle in farming and what are the common problems why most farms are not making enough money. Coming from a family of farmers, Mary Jo shares what she thinks are the purchasing and taxation decisions that greatly impact the cash flow of most farmers.

Highlights

• Mary Jo's books. - 0:47
• How can we use what Nelson is teaching us? - 4:13
• Changing the vicious cycle about transferring a farm from one generation to the next. - 8:33
• What's the biggest part of the operation in farming? - 9:03
• Common issues why farms are not making money. - 10:20
• The idea of "I need to buy new equipment to save money on taxes." - 12:54
• If you are not planning for down markets, nothing is up. - 14:42 Episode Resources
• Connect with Wade Borth
• https://www.sagewealthstrategy.com/
• [email protected]
• Connect with Mary Jo Irmen
• https://www.farmingwithoutthebank.com/
• https://www.withoutthebank.com/