Billy Rose
speaker
210 appearances
2 recordings
1 series
first heard Sep 2024
last heard Jan 2025
Billy Rose’s voice in public audio — every appearance, attributed to the second.
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Appearances
You're in good hands with all this. You got it. Let me show you what that looks like. All right. It starts at $12 for this year. It goes up to $20 with a 5X protection. If your 100% APH even falls 3%, you get your money back. Look at the risk. That's zero risk almost.
Because the crop insurance, Tanner, as you know, ends at 85%. You can't get a higher level than 85%. So from 85% to 100%, quite frankly... You're exposed. We specialize in covering that risk mitigation from 85 to 100. So with that $12 that you buy for the seed selector comes the embedded performance protection.
You know, I have to say I'm very proud of the crop insurance. In 1981, it was privatized. It was a mess when the feds were running it 100%. It was about $200 million. Today, it's almost $18 billion. Holy smokes.
And, yes, you and I as American taxpayers are subsidizing the cost of crop insurance up to that 85% by 50% for farmers. So it's a very smart buy. Okay. Now. We can't open up a donut shop and buy an insurance policy that's going to guarantee the revenue, right? Guarantee me the Krispy Kremes are going to be good. But the beauty is that this is available to every farmer.
I've been on a 20-year mission to take advantage of the crop insurance, forward price your crop when you can, lock in your profits. Take the basis off the table. This is a penny business. It needs to be run like a penny business. Awesome. I'm not saying I don't like it. I mean, I like it just in terms of... But it's there, and it's not going away.
The farm bill is just going to actually maybe bring out greater subsidies.
That is their decision. They can buy it. You know, it starts at 65%. Most guys in Iowa or the Midwest buy 75% to 80%, a lot of 85%. We are covering what I call like AFLAC, the gap, you know, that 85% to 100% that no one's covering. But we're doing it smart. We're saying, hey, we're going to give you the inside knowledge on the best performing hybrids.
Which is higher, closer to the flame, right? Because you're closer to 100. Yeah.
I like to be net neutral, right? I'm only going to spend my X dollars per acre. but I'm going to maybe spend it differently.
Just said, then they all win. Right. And when you look at When you really look at your risk mitigation, the things you can control, the things you can't control. We can't control the weather, right? We can't control your seed selection. You can't control your fertility programs. You can't control certain things like that.
What we look at is like, all right, I need a little hedge on the things I can't control. We're providing a little hedge on that yield performance. And right now, with the prices being so low, If I'm not popping 110 of my historical yield with this bumper crop out there, I'm below break even.
How about the guy that farms 200 acres? All day long. We do not discriminate. We built this program. He still has to make a seed decision. Maybe he's working in town, but he's still running that farm. He has exposure. He can buy the same program for the same price and get the same intelligence and protection.
Yeah.
This is exciting, actually. We can't disclose everything, but I can tell you this. We've been asking every one of our farm customers, you know, today we're doing seed trial testing. What would you prefer us to do next? We're giving them three choices. Seed treatments... Fungicides or biologicals? You're just sharpening the pencil. You're talking.
But we want to provide unbiased, raw performance data. Okay. Okay? What do you think they're picking? It's a two-to-one between... What do you think? I know the answer. What do you think? And give me the... Seed treatment. Yep. Right? Which has a big impact on yield. Biologicals and fungicides. Yes.
And, you know, we want to believe, okay? We want to believe all the biological companies, and there's some great ones out there. But I'm here to tell you there might be a couple that are not great. But if there was a company out there that was independent, that wasn't selling biologicals, that could actually start. So we applied for our license, and we're going to do biological testing next year.
Awesome. That was hands down the most requested for us to start doing next. I think we need to read.
You can never remove all the risk because you always have the cost of the risk vehicles that are sunk into it. But what we're really trying to do is like... Kind of like being married.
I'm just saying.
Be smart. They take 60% of your assets nowadays. But on a serious note, I'm really proud also of our team. This is a team that's been with me close to 15 to 20 years. We've built great ventures. I've been recognized as Iowa entrepreneur and many accolades. It's not because of me. It's because of the team behind me and what we're able to do and help our customers out. Perfect. Two more questions.
Showing 181–200 of 210 · page 10 of 11
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