Re:Great return on investment

[jrjfarms]

I do agree.  It is nice to mention his success, but to continue to brag it does get old.

I use to belong to this site when we had excellent posters on here years ago. This is the only site that runs slow. It takes several seconds to move from one open topic to another so don't post much.

A couple posters from years past was pigpen, and Llams and many more. Some passed on and others didn't need all the bs they were getting and said life is to short to have posters argue on every post. A good discussion is fine but arguing is no use for anyone but the people involved.

Anyone of us that are involved in farming know their roi.

I do not always agree with Ray J but I do respect him. Thanks to him and a couple others, that bring me down to earth, I sold my 2012

corn for a very good price. First year in many I have not foward priced new corn, sure I missed a good price. Thats water under the bridge.

[mnvtfarm]

ICF, rsw, corn flake, fairy tale, what ever you want to call him is the reason this site gained alot of good posters from AW, and the reason this site will loose a few also. 

This winters AW meet and greet with this person never happened, always an excuse why it would not work. ,I will be surprised if a meeting ever happens.

Real farmer or not, Shaggy is right, he is redundant in his posting, and is a poor spokesperson for Agriculture.

And that's all I've got to say about that.

[rswfarms]

jrjfarms- thanks for the post, I do tend to repeat information and it is very true that I am a numbers guy that puts alot into the ROI (Return on Investment) Ratios. The ROI Ratio that I put alot of emphisis on is a carry-over from when I was a wage-slave working for that big metals company in Kansas City before I started buying all that Iowa farmland in 1986. Big companies assign alot of weight to all there ROI Ratios since they have alot of stockholders. But knowing all your farm operations ROI Ratios highlights areas in your farm operation that may need improvement. Also it gives you good information on how you are doing your job duties as a farm manager. On inheriting that 1/4 section of Iowa farmland this summer as settlement to an Estate, what the hell do the guys on here that pick on me for that want me to do with that farmland, give it away to some poor people? I am a nice guy, but not that nice!!!!!!! LOL

Anyway, I do find it very interesting that few if any farmland owners on this website don't Custom Farm there dirt. I read a college paper/analysis on all the different farm leases from cash renting, to a 50/50 or 80/20 Crop Share, and Custom Farming and it said over the last 20 years that Custom Farming had the highest ROI yearly average Ratio of all the different ways of running your operation. And this makes perfect sense because you are assuming 100% of the risk and with that risk you should recieve the most money.

As too, getting together with idialived and showing him the farms I own in North-Central Iowa, I am looking foreward to that. I also own a few farms in far east-central Iowa, but that would be a long drive for us to view those farms. It is only 320 acres anyway, so no big deal. Also. as you mentioned, I pay around $20 dollars higher than the typical range for Custom Farming, but by paying $150/acre I have the best farmers in my local area doing the work. If you want top-notch guys working for you, you need to pay a little extra.

[rswfarms]

Shaggy- I think you feel guilty taking your Farm Subsidies Payments and that is why you don't feel a need to discuss them. But if you are running a well planned Farm Accounting System, you need to account for this money. And the $20/acre for our Direct Subsidy is actual per acre revenue coming into your operation and needs to be handled as such. The $48/acre the taxpayer pays for our Crop insurance doesn't have to be accounted for if you don't feel a need to do so, it is a pass-though payment to the insurance companies. I will ask you one question going back to the year of 2008. Did you recieve some of the 2008 Stimulus Bill Money from Obama? i recieved over $30,000 of the 2008 Stimulus Bill money. It was clearly marked as 2008 Stimulus Bill money on the deposit we got from the goverment. If you recieved $30,000 of this Stimulus Money as I did and most other Iowa farmland owners, how did you account for the $30,000 in revenue in your accounting? And thinking back I think we got all of our 2008 Stimulus money for being such good farmers in the 1st part of 2009. Anyway, let me know how you accounted for all that 2008 Stimulus money you got. Granted, $30,000 isn't much money, but I am curious as to how you accounted for this in your bookkepping.

[rswfarms]

Look SHAGGY, I will let idialivered talk about our meeting and the farmland I own in North-Central Iowa. With the 160 acre farm I got this summer, that and the 320 acres I also own in Eastern Iowa, I am around 2,000 acres. Today, 2,000 acres is only a medium sized farm operation in Iowa, not that big. I know some guys that are over 5,000 acres, and most of that 5,000 acres is owned by them not rented. By the way, you never answered my question of what state you own farmland in and how many acres.

[Shaggy98]

Does it make a difference what state I'm from?  I've posted my operation on this site many times, not my fault you choose not to acknowledge it.  As far as government subsidies are concerned, tell me why you want to know how I accounted for it?  Do I owe you some money?  Otherwise I don't see the necessity of you knowing my accounting system.  I run a debt free operation including all land and equipment.

I think I figured out why you always buck the system, but correct me if I'm wrong.  You've stated several times that you do none of your own work and that you never have.  Most if not all others on this site do their own office work as well as run their own operation, but many of us might have a few advisors hired for this and that.  Since you rarely set foot on your operation other than to maybe do a few spot checks here and there, you have no real knowledge of crop production practices.  Not trying to hammer you again, don't misread my post.  But there is more to farming than throwing a few inputs in the ground and then hope for rain.  There is crop management that we all discuss on this board that you have nothing to contribute.  Lacking this crop production experience and knowledge but still wanting to be part of the discussion, you consistently detour the topic at hand back to what you do know, numbers and economics.  There is a place for this information and it is important, but delivery of your information to the topics being discussed is off target.

I've noticed you've tried to start several threads in the past, but receive minimal replies from the frequent contributors of the site.  If it weren't for myself heckling you constantly, the replies that you do receive would probably be around 50%, maybe less.  I'm not a numbers guy, so you do the math.  Maybe you should search for a business investment discussion board that you would be a better fit, after all you said it yourself, your constantly searching for ROI improvements and maybe they could offer you better advice than us "Farm Workers".

[rswfarms]

mnvtfarm- I am sorry you feel that way, but I am really looking forward to meeting idialivered and showing him my North-Central Iowa farm operation. It appears you may live in MN looking at your username. I too have my main house in MN, i  am around 10 miles south of the Mall of America in the Twin Cities. Can I ask if you live in MN too? Living here is only about a 2 hour drive at 85 mph from all my farms in Northern Iowa which makes it a very easy drive down I-35 into Iowa. I go down to Iowa about every 2-3 weeks in the growing season to meet my Custom Guys to see how it is going for them. None of our friends in the Twin Cities own farmland. so that is why I will enjoy meeting idialivered and talking farming, plus showing him my operation. It is all bare land since one of the first things you do when buying an Iowa farm is to rip out any remaining fences, and also any old outbuildings, or even an old farmhouse, you just bulldoze any building sites since they are not needed. If they came with any grain Tin Cans and a drying system and they are in good shape, you obviously keep them, but that is really the only thing to save when you buy an Iowa farm. I think it is very poor of the guys that buy a farm and just let the old farmhouse that came with the farm just sit there and fall apart. It is really poor farm manners to leave all the junk buildings on the farm standing. It looks so trashy when they do it.But if you read this, let me know what part of MN you live in. Thanks.

[Shaggy98]

mnvt, thank you for understanding what I was trying to say but couldn't find the correct words.  I'm trying to keep my negative comments to a minimum, but like everything, it will take some time.  I generally agree with everything you stated in your comment.

[farawayguy]

What about this simple solution? Those that don't want to read rsw's posts, don't read read them and don't respond. Just a thought.

[Shaggy98]

I agree Faraway, and it sounds simple. Self control, that's what it takes, self control.