Andrew Luzum
๐ค SpeakerAppearances Over Time
Podcast Appearances
Right. And the one, well, the one thing about corporate farms, the reason why they're, there are corporate farms, I mean, cause no one likes that mentality is they're, they're doing what you're doing. They're running it like a business, right? They're still family owned. Yeah. So we need to adapt and change our mindset to that.
Right. And the one, well, the one thing about corporate farms, the reason why they're, there are corporate farms, I mean, cause no one likes that mentality is they're, they're doing what you're doing. They're running it like a business, right? They're still family owned. Yeah. So we need to adapt and change our mindset to that.
Right. And the one, well, the one thing about corporate farms, the reason why they're, there are corporate farms, I mean, cause no one likes that mentality is they're, they're doing what you're doing. They're running it like a business, right? They're still family owned. Yeah. So we need to adapt and change our mindset to that.
I think it's a good point, a good topic to bring up because at the end of the day, I mean, your life is worth way more than any farm operation, right? Like if you need to... If the numbers don't work and your farm's going to go down, like, life goes on. There's other things in life to do.
I think it's a good point, a good topic to bring up because at the end of the day, I mean, your life is worth way more than any farm operation, right? Like if you need to... If the numbers don't work and your farm's going to go down, like, life goes on. There's other things in life to do.
I think it's a good point, a good topic to bring up because at the end of the day, I mean, your life is worth way more than any farm operation, right? Like if you need to... If the numbers don't work and your farm's going to go down, like, life goes on. There's other things in life to do.
So just having that peer group, someone to talk to, is bigger than any financial decision or transition or any topic that you're talking about, right?
So just having that peer group, someone to talk to, is bigger than any financial decision or transition or any topic that you're talking about, right?
So just having that peer group, someone to talk to, is bigger than any financial decision or transition or any topic that you're talking about, right?
I found myself earlier this week, you mentioned that it was like a light switch. Like, we just went from profitability to not, even though it's just been a slow death all summer long in the markets, which we can't talk about, right? Yep. But just had the realization this week, it's like, you start really looking into... 2025 crop. And you start pricing inputs.
I found myself earlier this week, you mentioned that it was like a light switch. Like, we just went from profitability to not, even though it's just been a slow death all summer long in the markets, which we can't talk about, right? Yep. But just had the realization this week, it's like, you start really looking into... 2025 crop. And you start pricing inputs.
I found myself earlier this week, you mentioned that it was like a light switch. Like, we just went from profitability to not, even though it's just been a slow death all summer long in the markets, which we can't talk about, right? Yep. But just had the realization this week, it's like, you start really looking into... 2025 crop. And you start pricing inputs.
We're not even close to breaking even. And I just started feeling pretty down on myself. And I do a lot of other things off the farm to make the farm work. I feel like I'm better insulated than that from other people. But then I got to talking to my dad and brother, and it's like, you know... These downtimes, I think we look at them wrong. Like this is the opportunity, right?
We're not even close to breaking even. And I just started feeling pretty down on myself. And I do a lot of other things off the farm to make the farm work. I feel like I'm better insulated than that from other people. But then I got to talking to my dad and brother, and it's like, you know... These downtimes, I think we look at them wrong. Like this is the opportunity, right?
We're not even close to breaking even. And I just started feeling pretty down on myself. And I do a lot of other things off the farm to make the farm work. I feel like I'm better insulated than that from other people. But then I got to talking to my dad and brother, and it's like, you know... These downtimes, I think we look at them wrong. Like this is the opportunity, right?
Like if we are good managers and make the right decisions in the good times, like everyone can go buy the new tractor and go, you know, maybe take a stab at ground and pay higher cash rent and, you know, try to expand when times are good. But when times are bad, that's when, you know, the cream should rise to the top. I think it's an opportunity.
Like if we are good managers and make the right decisions in the good times, like everyone can go buy the new tractor and go, you know, maybe take a stab at ground and pay higher cash rent and, you know, try to expand when times are good. But when times are bad, that's when, you know, the cream should rise to the top. I think it's an opportunity.
Like if we are good managers and make the right decisions in the good times, like everyone can go buy the new tractor and go, you know, maybe take a stab at ground and pay higher cash rent and, you know, try to expand when times are good. But when times are bad, that's when, you know, the cream should rise to the top. I think it's an opportunity.
And every decision I've made when the times are bad, and I haven't been in farming, I've been farming full time for 12 years. Um, but we've had a couple of down, down times and it seems like always the decisions I've made when times are down have always, it hurt the most then, but it has turned into my best, some of my best decisions that I've made.
And every decision I've made when the times are bad, and I haven't been in farming, I've been farming full time for 12 years. Um, but we've had a couple of down, down times and it seems like always the decisions I've made when times are down have always, it hurt the most then, but it has turned into my best, some of my best decisions that I've made.