AJ Wiechmann
๐ค PersonAppearances Over Time
Podcast Appearances
I had a couple of guys say that they would rent their ground out and they were getting $1,100 an acre rent on that. Yeah, that makes it sound like a 20-year contract, don't they? Yeah, and it goes up every year. That's hard to turn down, especially what we're looking at for corn prices right now. Obviously, it's a good investment, but...
It's a matter of are you going to feed into, will you feed into that trend, you know? Right. No different than the windmills, you know, they're kind of the same thing. Yep. So when Dave sells farms with windmills on them, they always sell better. Do they? Well, it's just they got income. Yeah. It helps the cash flow.
It's a matter of are you going to feed into, will you feed into that trend, you know? Right. No different than the windmills, you know, they're kind of the same thing. Yep. So when Dave sells farms with windmills on them, they always sell better. Do they? Well, it's just they got income. Yeah. It helps the cash flow.
It's a matter of are you going to feed into, will you feed into that trend, you know? Right. No different than the windmills, you know, they're kind of the same thing. Yep. So when Dave sells farms with windmills on them, they always sell better. Do they? Well, it's just they got income. Yeah. It helps the cash flow.
A lot of what we're doing is production agriculture, and those guys want to make money just like all of us. So it's just a cap rate. It's a capitalization rate. You know, if you're making, what, 12% in a Edward Jones account or something like that, most rentals, houses in town, you know, what are we, 8%, 10%?
A lot of what we're doing is production agriculture, and those guys want to make money just like all of us. So it's just a cap rate. It's a capitalization rate. You know, if you're making, what, 12% in a Edward Jones account or something like that, most rentals, houses in town, you know, what are we, 8%, 10%?
A lot of what we're doing is production agriculture, and those guys want to make money just like all of us. So it's just a cap rate. It's a capitalization rate. You know, if you're making, what, 12% in a Edward Jones account or something like that, most rentals, houses in town, you know, what are we, 8%, 10%?
Get to a T-bond, you're probably 5%, and then you get to farm ground, and we're down to 2.5%. So if it's got any extra with cell phone towers or wind turbines or solar farms, well, then you still get the cool asset you want of farmland. Right. So as you think about all the places you've flown into, AJ, where are some of the shittiest places you've flown into? Oh, boy. Probably in Oklahoma.
Get to a T-bond, you're probably 5%, and then you get to farm ground, and we're down to 2.5%. So if it's got any extra with cell phone towers or wind turbines or solar farms, well, then you still get the cool asset you want of farmland. Right. So as you think about all the places you've flown into, AJ, where are some of the shittiest places you've flown into? Oh, boy. Probably in Oklahoma.
Get to a T-bond, you're probably 5%, and then you get to farm ground, and we're down to 2.5%. So if it's got any extra with cell phone towers or wind turbines or solar farms, well, then you still get the cool asset you want of farmland. Right. So as you think about all the places you've flown into, AJ, where are some of the shittiest places you've flown into? Oh, boy. Probably in Oklahoma.
That was fast. Yeah. I figured you were going to say Nebraska. No. Actually, Nebraska's got a lot of nice airports. I've been to a lot of nice places there. And that's mostly been, I mean, I use that for what I would call business use. Like, we'll go out there and look at trucks.
That was fast. Yeah. I figured you were going to say Nebraska. No. Actually, Nebraska's got a lot of nice airports. I've been to a lot of nice places there. And that's mostly been, I mean, I use that for what I would call business use. Like, we'll go out there and look at trucks.
That was fast. Yeah. I figured you were going to say Nebraska. No. Actually, Nebraska's got a lot of nice airports. I've been to a lot of nice places there. And that's mostly been, I mean, I use that for what I would call business use. Like, we'll go out there and look at trucks.
You know, if we've got a driver that's looking at a truck or I'm looking at a truck, we'll fly out there and look at a truck. It saves a lot of time. Or, you know, I had an owner-operator buy a truck out there in Nebraska last year. We went out and looked at it on one Sunday, and he'd come home and think about it. And then, yep, next Sunday, hey, let's go buy it.
You know, if we've got a driver that's looking at a truck or I'm looking at a truck, we'll fly out there and look at a truck. It saves a lot of time. Or, you know, I had an owner-operator buy a truck out there in Nebraska last year. We went out and looked at it on one Sunday, and he'd come home and think about it. And then, yep, next Sunday, hey, let's go buy it.
You know, if we've got a driver that's looking at a truck or I'm looking at a truck, we'll fly out there and look at a truck. It saves a lot of time. Or, you know, I had an owner-operator buy a truck out there in Nebraska last year. We went out and looked at it on one Sunday, and he'd come home and think about it. And then, yep, next Sunday, hey, let's go buy it.
So he'd give them a ride out there, and he drove the thing home. So yeah, Nebraska's got a lot of nice airports. Oklahoma, on the other hand, it's pretty desolate out there. There's not a lot of people and they just don't care as much. There's certain things that they have to do to keep, the city has to do to keep the airport open, which makes it safe for us to fly in there.
So he'd give them a ride out there, and he drove the thing home. So yeah, Nebraska's got a lot of nice airports. Oklahoma, on the other hand, it's pretty desolate out there. There's not a lot of people and they just don't care as much. There's certain things that they have to do to keep, the city has to do to keep the airport open, which makes it safe for us to fly in there.
So he'd give them a ride out there, and he drove the thing home. So yeah, Nebraska's got a lot of nice airports. Oklahoma, on the other hand, it's pretty desolate out there. There's not a lot of people and they just don't care as much. There's certain things that they have to do to keep, the city has to do to keep the airport open, which makes it safe for us to fly in there.
But like, the facilities, man. That one I stopped in Oklahoma last week. Had to go to the bathroom, and the FBO, which is what we would call the gas station, you know, you walk in the office, and, well, this place, I mean, I'm serious, all there was was a desk in there with a map laying on top of it, and a restroom in the back. That's it.