Traits of Top Performing Farmers

What the Top Tier of farmers are doing (Episode #1)

Share ways to contact us and encourage involvement – leave a recording

Find us on twitter @Farm4ProfitLLC

Individually on Twitter

@IowaBankerman - Tanner

@IowaLandGuy - David

Send us an email [email protected]

Connect through our website www.farm4profit.com

Leave us a voicemail at 515.207.9640

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What’s working for Ag – listener or farmer feedback

Early Planted Beans

Yields were similar of better than that of those planted later I the area in 2018

Were able to finish the bean planting or get progress ahead of normal pace

Allowed for corn to be planted into optimal conditions

Is custom hired spraying pre-emergent you weren’t competing with other producers for sprayer time.

Didn’t have to switch out plates from the planter from the end of last spring.

Top 20% - high level of future podcasts

Plans, Agendas, Budgets (future)x

Review & Update Frequently

Know their cost of production (Future)x

They understand their financial position

Have created an advisory team (Future)

Who should be on it

Accountant, Agronomist, Banker, Financial Advisor, commodities broker, livestock buyer, business owner, Peer Experience, Technology, Lawyer, Landlord? and more

How often do you meet

Are you willing to set it up as a board with voting structure

You make the recommendations and take to a vote or discussion

Be proactive (Future)

Successful farms don’t see themselves as the victims

Take on problems as challenges

Work to predict problems and prevent

Don’t get surprised and take things in stride

Get better before they get bigger

Focus on making the most out of every acre

Use technology to gain efficiencies (future)

Become a great leader by bettering themselves and setting examples (future)

They put time and priority into running their farms (focus)

Always learning

Great start, you’ve tuned in to check us out

Attend conferences (future)

Read news letters

Networking group and advisory team

Be in a room where you know the least (future) Steve Jobs quote?

Many CEO’s in very successful businesses live by the idea of surrounding themselves with people who have greater skills or knowledge than they do. Whether it is specific to a skill or understanding by being with them you can learn to grow in your knowledge and abilities.

Listen more than you speak when with these people. Immediately write down and reflect on your time spent with these people

Don’t spend what they don’t have

Or what they don’t have a clear ability to pay for

Summarize

Top performing farmers and business owners have plans and understand the financial position of their business. They work to be proactive in their thought processes and share those with an advisory team. The top performers are always learning and focusing on bettering themselves before expecting others to change.

Challenge

Look at yourself and your farming operation. Which of these characteristics or practices do you already have in place? Which areas could you use work on? Now which concept above could be the easiest for you to implement next? Our challenge is then for you to start practicing that in the next week. Then tune in to the next episodes as we will share ways to make the process of adopting those tips and techniques a little easier. Remember most of the time we are the most critical of that which we don’t understand. Rather than criticize something be curious and see if you can learn more about it.

Conference Update

December 6th, 2019

Submit questions and topic suggestions

Find us on twitter @Farm4ProfitLLC

Individually on Twitter

@IowaBankerman - Tanner

@IowaLandGuy - David

Send us an email [email protected]

Connect through our website www.farm4profit.com

Leave us a voicemail at 515.207.9640