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Clink Fischer

👤 Person
321 total appearances

Appearances Over Time

Podcast Appearances

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

Are you guys good if I share two bits of wisdom that are going to upset 90% of the egg crowd?

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

Are you guys good if I share two bits of wisdom that are going to upset 90% of the egg crowd?

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

Yeah. Number one. And both of these came from my egg finance instructor at SDSU. Number one is that the vast majority of actual production farmers should just be employees. What does that mean? That means that they should be renting out their ground to somebody who understands the business side of the operation and they should be collecting a paycheck plus a rent check

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

Yeah. Number one. And both of these came from my egg finance instructor at SDSU. Number one is that the vast majority of actual production farmers should just be employees. What does that mean? That means that they should be renting out their ground to somebody who understands the business side of the operation and they should be collecting a paycheck plus a rent check

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

Yeah. Number one. And both of these came from my egg finance instructor at SDSU. Number one is that the vast majority of actual production farmers should just be employees. What does that mean? That means that they should be renting out their ground to somebody who understands the business side of the operation and they should be collecting a paycheck plus a rent check

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

to somebody else because they are really good at steering a tractor. They are not great at spending time in front of a computer, understanding the break evens and the budgeting and the P&L and the balance sheet and how are we running this thing from the back end standpoint as a business. And if I say that out on Twitter, people are going to get all worked up and upset because

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

to somebody else because they are really good at steering a tractor. They are not great at spending time in front of a computer, understanding the break evens and the budgeting and the P&L and the balance sheet and how are we running this thing from the back end standpoint as a business. And if I say that out on Twitter, people are going to get all worked up and upset because

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

to somebody else because they are really good at steering a tractor. They are not great at spending time in front of a computer, understanding the break evens and the budgeting and the P&L and the balance sheet and how are we running this thing from the back end standpoint as a business. And if I say that out on Twitter, people are going to get all worked up and upset because

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And that's fair. So that's number one. Number two is that the vast majority of people who are a farmer, rancher, egg business owner, spend too much time working on the $30 an hour jobs versus the $150 an hour jobs. And what does that mean? That means that, kind of similar to what I just said, is... we're looking at marketing, we're looking at What is our insurance policy?

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And that's fair. So that's number one. Number two is that the vast majority of people who are a farmer, rancher, egg business owner, spend too much time working on the $30 an hour jobs versus the $150 an hour jobs. And what does that mean? That means that, kind of similar to what I just said, is... we're looking at marketing, we're looking at What is our insurance policy?

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And that's fair. So that's number one. Number two is that the vast majority of people who are a farmer, rancher, egg business owner, spend too much time working on the $30 an hour jobs versus the $150 an hour jobs. And what does that mean? That means that, kind of similar to what I just said, is... we're looking at marketing, we're looking at What is our insurance policy?

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And can I shop that around and find somebody who is going to be more cost effective and more efficient from a cost saving standpoint? What is my marketing plan? What is my cost of production? What are my inputs at? And can I shop that around? And those things all are in front of a computer screen with a spreadsheet and a phone in your hand.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And can I shop that around and find somebody who is going to be more cost effective and more efficient from a cost saving standpoint? What is my marketing plan? What is my cost of production? What are my inputs at? And can I shop that around? And those things all are in front of a computer screen with a spreadsheet and a phone in your hand.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And can I shop that around and find somebody who is going to be more cost effective and more efficient from a cost saving standpoint? What is my marketing plan? What is my cost of production? What are my inputs at? And can I shop that around? And those things all are in front of a computer screen with a spreadsheet and a phone in your hand.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And man, that is different than a lot of people who think that farming is greasing a piece of equipment or fixing fence or, you know, changing the oil in their ranger. And I think that those two kind of concepts, and this is, again, I mean, I was an undergrad 20 years ago. But those things still apply today. And I find those two pieces of wisdom applicable, but it offends people.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And man, that is different than a lot of people who think that farming is greasing a piece of equipment or fixing fence or, you know, changing the oil in their ranger. And I think that those two kind of concepts, and this is, again, I mean, I was an undergrad 20 years ago. But those things still apply today. And I find those two pieces of wisdom applicable, but it offends people.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And man, that is different than a lot of people who think that farming is greasing a piece of equipment or fixing fence or, you know, changing the oil in their ranger. And I think that those two kind of concepts, and this is, again, I mean, I was an undergrad 20 years ago. But those things still apply today. And I find those two pieces of wisdom applicable, but it offends people.

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And why does that offend people? Because we're treating ag operations as lifestyles versus businesses. Which, to tie that back into my day job as somebody who works with farm families through that transition process I look at, all right, which operations have been most successful?

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And why does that offend people? Because we're treating ag operations as lifestyles versus businesses. Which, to tie that back into my day job as somebody who works with farm families through that transition process I look at, all right, which operations have been most successful?

Farm4Profit Podcast
Strategic Succession Planning & Profit Growth with Brain Trust Ag

And why does that offend people? Because we're treating ag operations as lifestyles versus businesses. Which, to tie that back into my day job as somebody who works with farm families through that transition process I look at, all right, which operations have been most successful?