November 6, 2025 • 23 mins
We explore how fast weather shifts and a Beaver Moon mindset shape smarter marketing choices, then walk through a soybean rally, a cautious corn outlook, and why a clear written plan beats hope. Grain bagging lessons, family priorities, and choosing rest give the season a healthier finish.
• setting intentions for winter and family time
• soybean strength with a likely short rally
• no-advice stance and margin-focused decisions
• knowing costs and writing a marketing plan
• corn outlook, stretch targets, and patience
• grain bagging benefits, risks, and fixes
• post-harvest work without anhydrous
• rest, resilience, and community check-ins
Go find us on all of the socials at farmers greatest asset
Send us an email at farmersgreatestasset at gmail.com
Let us know how you guys did with your yields
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAKER_01 (00:16):
The Farmer's Greatest Asset Podcast.
We believe the Farm's GreatestAsset is the Farmer.
Their knowledge, experience,mind, and health.
(00:38):
Well, welcome to the podcast.
I am Jesse.
SPEAKER_02 (00:41):
And I'm Dr.
Leah.
SPEAKER_01 (00:43):
Well, we are a little on time this episode.
Isn't that a last-minute kind ofrecording deal?
SPEAKER_02 (00:49):
It is Wednesday afternoon, honey.
It isn't Thursday morning.
SPEAKER_01 (00:55):
You didn't have to tell everybody that.
SPEAKER_02 (01:05):
Yeah, we talked about that last week.
SPEAKER_01 (01:08):
So now we're doing some tillage and cleaning up
some fence rows, getting a lotof that stuff done.
SPEAKER_02 (01:16):
The weather is shifting.
Like it was hot.
Now it's cool and breezy.
SPEAKER_01 (01:24):
It is a little more of a breeze, but yes, it is.
SPEAKER_02 (01:28):
And I think we're going to have a major change
this weekend.
SPEAKER_01 (01:31):
The change is coming.
Welcome to Iowa.
Does every state say that?
Like in Iowa, like, oh yeah,you're going to have all four
seasons in one day.
SPEAKER_02 (01:40):
Yeah, I th well, probably not every state, but
I'm guessing Nebraska, Kansas,Missouri.
SPEAKER_01 (01:48):
Most Midwestern states.
SPEAKER_02 (01:49):
Illinois.
Yeah, I think, yes.
Even when we were having reallyhot weather, like those early
90s, I was up visiting friendsin Wisconsin and it was that way
up there too.
So I'm sure it's kind of likethat.
Welcome to the Midwest.
You're going to have it all.
There you go.
There you go.
We like we we are resilientpeople here.
(02:13):
We can roll with roll with theweather.
There's a new saying, instead ofroll with the punches, we're
rolling with the weather.
SPEAKER_01 (02:20):
Yeah, no joke.
Roll with the weather.
SPEAKER_02 (02:24):
It sounds a little more palatable.
SPEAKER_01 (02:30):
Sure.
So yeah, there is some weathercoming.
They're talking a little rain,but then the cool off is gonna
happen.
So it is more than cool.
SPEAKER_02 (02:40):
I think it's the cold off.
SPEAKER_01 (02:43):
It is November, so it is bound to happen.
SPEAKER_02 (02:47):
It's funny because I've been working outside this
week, and it went from like Iget up in the morning and I have
like leggings underneath of mymy jeans, and I have like a tank
top with a long sleeve shirt,with a flannel, with my vest.
(03:08):
And then it's like by the end ofthe afternoon, I'm like in a
tank top and my jeans.
SPEAKER_01 (03:13):
And then by five o'clock, you need it all again.
SPEAKER_02 (03:16):
Well, actually, it really starts changing about
four o'clock.
And about four o'clock, you canfeel the sun starting to time
change.
I know.
I know.
SPEAKER_01 (03:27):
Anyway, that's a whole nother episode, right?
SPEAKER_02 (03:32):
We are still adjusting, still adjusting to
the time change.
And it's also a full moon.
SPEAKER_01 (03:43):
It is.
SPEAKER_02 (03:44):
Tonight is the full moon.
SPEAKER_01 (03:46):
What do they call it?
SPEAKER_02 (03:48):
This is what they call the beaver moon.
I just learned that this week.
And it is named, it is the lastfull moon before the winter
solstice.
And they called it the beavermoon because like it is a time
of preparation.
Like the the beavers wouldprepare their dam to get ready
(04:12):
for the winter, because you knowthe winter ice is hard on their
dams.
And it's also them getting allthe last harvest and getting the
preparation and the food packedaway in their homes.
And so they call it the beavermoon.
It's a time to reflect, toprepare and reflect on what you
(04:36):
want and like in the upcomingwinter season of calm and peace
and silence and rest and youknow, to repair, um and to kind
of realign with your intentions.
So I highly encourage everyone,you know, like those types of
things are usually thought to beat the beginning of the year,
(04:59):
you know, of the new year, butit it's a really a good time um
to set intention of how you wantyour winter to go.
And this this time this year, umlooking at my schedule, I
realize how much I want myfamily to be a prior priority.
(05:21):
And I say they're my priority,but I'm not always setting aside
time to be with them.
That isn't like go do this anddo that, and we need to do this
and do that, and just you know,sit with them, talk about them.
SPEAKER_01 (05:36):
Sit at the dinner table together.
SPEAKER_02 (05:38):
Yeah.
Talk about where they are.
I mean, especially our kids areolder, so talk about what
they're thinking and and wherethey're at right now, and and be
there for them.
Like I always want to be, but Ifeel like the busy takes me away
from that.
SPEAKER_01 (05:56):
So, yes, this is the time of year right now.
Literally today, we were talkingabout um how many bushels we
have to market and the differentmarketing uh plans.
SPEAKER_02 (06:08):
Yeah, we had our pre-harvest marketing plan, and
now we need to sit down andreally crunch the numbers.
SPEAKER_01 (06:17):
Fine-tune it.
So we will run all the reports.
We do have the reap app that uhwas on the grain cart with the
scales.
Um, so we just need to kind ofdouble check that with our yield
monitor, and then so we storedeverything, so we just kind of
need to check and recheck anddouble check everything.
(06:38):
Um, but at the current moment,actually, what'd I say today?
Beans are up like another 11cents.
Yeah.
Yeah, nearby beans on the boardwere up another 11 cents.
So we've had a pretty good runof beans here the last week, 10
days.
Um, and we have pulled thetrigger on selling some beans.
(07:02):
Shall we say that we are notgiving any marketing advice?
SPEAKER_02 (07:06):
Absolutely not.
SPEAKER_01 (07:08):
In no way, shape, or form, should you do exactly what
we say?
But um, I feel like this is ouropportunity, so we sold some.
Um, but going back, I wanted towait on the first sale that we
made, and you're like, nope, weneed to pull the trigger because
it was in our pre-harvestmarketing plan that that price
(07:29):
was a good price.
SPEAKER_02 (07:30):
It was actually like a lot higher than what our
pre-harvest marketing plan was,right?
Um, like where we are now, I washoping we would get to after the
beginning of the year.
Um right.
SPEAKER_01 (07:44):
So futures right now are eleven nineteen for today,
um, which is we I didn't seethat coming at all.
Um, but I did say all along thatif we ever got China back into
the game, that would make thingslook differently.
But that being said, I amconcerned that it will last very
(08:09):
long, right?
SPEAKER_02 (08:10):
And that's just that this is gonna be a short-lived
rally, is what we're thinking.
SPEAKER_01 (08:15):
So I've talked to a good friend who owns a marketing
business, um, Keith, Galen withAgriSource.
Um and he's saying the samething.
He's like, you know, it's a goodchance to sell.
Is this gonna come to fruition?
They all I have said at thispoint, China being they, that
(08:35):
they will buy some.
Um so we hope that they comethrough.
SPEAKER_02 (08:41):
But so I think the really important thing is to
really know where you stand onthe cost of your inputs.
SPEAKER_01 (08:52):
You have to know your numbers.
SPEAKER_02 (08:54):
So then if it's covered, then and you're getting
a return on your investment.
Granted, I would love for tohave gotten fifteen dollars a
bushel for beans, right?
That's not even possible.
I'm not gonna hold my breath.
SPEAKER_00 (09:16):
Right.
SPEAKER_02 (09:17):
So I would love to have gotten, and we sold before
I mean we we sold already, soit's not like we can get where
it's at today.
It's higher today than where wesold it at.
SPEAKER_01 (09:28):
We've sold some that first rally, we sold some the
next rally, and we've still kindof kept rallying a little bit.
But in our marketing plan, wesaid$11 is good, and if that's a
bad sale, I guess that's a badsale.
SPEAKER_02 (09:43):
My thought on it, and I I don't have like the
emotional connection to thegrain.
So my thought on it is if youcan make a profit, it could also
drop and us not have get the$11.
So you have to just be okay withwhere you sell it at.
(10:04):
And maybe that's just easy forme because it's you don't you
can't lose money that you don'thave.
Right.
But if you wait and it drops tonine, like when we sold like
last year, it was nine eightiesor lower.
SPEAKER_01 (10:23):
Out of the field.
SPEAKER_02 (10:24):
Yeah.
So all of it is better than whatit where it was last year.
Like we didn't have$11 last yearat any point in the fall.
You you don't lose that moneyunless you sell much lower.
And then you are losing.
I mean, then you aren't coveringyour spread, right?
SPEAKER_01 (10:45):
Well, and that's where knowing your numbers,
first of all, comes in, and thenhaving the plan and having the
plan written down somewhere, andwe are above where our plan was.
We also have uh our yields, ouryield bean yields were better
than expected.
Um, and that is kind of whatI've been hearing from
(11:05):
everybody.
SPEAKER_00 (11:06):
That's good.
SPEAKER_01 (11:08):
So that being said, if that comes out that bean
yields are higher, you know,that eleven dollars right now
could be high.
SPEAKER_02 (11:15):
So um in the end, we talked, and you and I are both
good with where it sold.
Even if it would go to twelvefifty.
unknown (11:26):
Right.
SPEAKER_02 (11:27):
Which I don't think it's going to, but if it would
go super high, we just have tobe okay with where we sold it.
SPEAKER_01 (11:34):
My point is, if you have that plan and it's written
down and you know that that'swhere you're making some money,
you have to be good with it.
Um, in the past, I don't knowthat we have ever known exactly
we've never had that planwritten down, right?
So then you just you hope formore, you hope for more, and
what do they say?
Hope in one hand and thenshitting another and see how far
(11:57):
you get.
Have your plan, have it writtendown, and know where you need to
be.
SPEAKER_02 (12:01):
I don't know who says that, but it's kind of
gross.
SPEAKER_00 (12:06):
Right.
SPEAKER_02 (12:07):
I don't want anybody shitting my hand.
SPEAKER_01 (12:13):
Or your own hand.
I also was listening to apodcast today, and uh maybe
here's in a confession.
Honestly, don't listen to manypodcasts.
I do on occasion.
SPEAKER_02 (12:28):
Um, but I listen to a lot of podcasts.
SPEAKER_01 (12:32):
Right.
So on my way home today, uh, itwas just a 10-15-minute drive
home from the field, um, had thepodcast on, and what stuck out
to me was make the decision.
So it's like, okay, yes, we madethe decision, need to be good
with it, and I'm happy withthat.
SPEAKER_02 (12:52):
Now we just need the corn to rally.
SPEAKER_01 (12:54):
Yes.
Yes, we do.
SPEAKER_02 (12:57):
But we have time, it doesn't all have to get sold
today.
SPEAKER_01 (13:01):
No, and I don't know what to think about the corn.
Our yields were decent, um,nothing like last year.
Um you hear from people thatthere's spots that are really
down.
I don't know.
I don't know what to think aboutthe corn.
I think there's a fair amount ofcorn out there, so um probably
(13:22):
not as good as it was last yearanywhere, but I'm banking on
numbers like last year.
SPEAKER_02 (13:29):
Like I think that's probably where we'll be.
SPEAKER_01 (13:31):
Well, at this point, that's all we can assume, right?
Um the government being shutdown, so you don't have those
reports.
I don't know what to say aboutthe corn.
SPEAKER_02 (13:45):
I guess I'm I'm talking prices.
I think it'll be similar to whatit was last year.
Right.
We don't have any pie in the skymarketing of corn.
SPEAKER_01 (13:58):
I mean, I have some targets out there that are
pretty pie in the sky right now,but you called the buyer the
other day and he's like, Well,we're kind of ways away from
that.
SPEAKER_02 (14:10):
I was like, I know, but it's gonna happen.
And he's like, Okay.
He's like, You re you want me toput that in there?
I was like, I absolutely do.
Let's make it happen.
He's like, I like yourenthusiasm.
It's like, yes.
SPEAKER_01 (14:26):
But when you think about it, I mean what's it gonna
hurt?
70 cents.
SPEAKER_02 (14:31):
I mean, that 70 cents in corn is a little crazy,
but it is, but it could happen.
Um we s we still have a fewmonths.
So uh, but I'll look I'll lookgolden when we hit it.
SPEAKER_01 (14:48):
Right.
SPEAKER_02 (14:50):
And if not, we can just reset it.
SPEAKER_01 (14:53):
Cancel it and reset it.
SPEAKER_02 (14:54):
Yeah, we can reset a different price, a different
number.
unknown (14:57):
Yep.
SPEAKER_02 (14:58):
We'll re we'll re-look at it when uh we can,
but I'm gonna shoot for thegreat number.
SPEAKER_01 (15:05):
Right.
So for us, I used to do all ofthe marketing, and I get so busy
doing everything else, and Idon't follow the markets like I
should if I'm marketing it.
Um so I'm trying to relinquishthat to you, and we we discuss
(15:26):
it, and you have to talk me intothe sales just about every time.
I don't know.
SPEAKER_02 (15:32):
We went to a marketing class years ago,
probably like nine or ten yearsago, right?
SPEAKER_01 (15:39):
And the one thing they basically said was uh just
let your wives do it becausethey're not emotionally attached
to it, they'll just sell it.
And that's probably what needsto happen.
SPEAKER_02 (15:50):
And uh they actually said women are better grain
marketers because of that.
SPEAKER_01 (15:56):
Right.
For me, like I said, I just getso busy and all of the stuff,
and then all of a sudden it'slike, oh, corn was for whatever
today, should have sold, andthen it doesn't get sold or
whatever, and then I'm justhoping for more, wanting more,
and our plan right now is getall of our reports together and
(16:18):
have a hard count on bushels andhave a marketing plan, hard
marketing plan on paper.
So we know exactly where we wantto be.
SPEAKER_02 (16:27):
And I know there are people out there that are like,
I mean, they had like half theirgrain marketed before it, you
know, came out of the field.
And I think that that is amazingthat people do all of that ahead
of time and have it done andlike do that much in depth.
(16:48):
I I don't have the mentalcapacity or energy to do that at
this point in our farming.
Well, we just need to get andmaybe that's maybe that's why
but even like I've been lookingat what what it is in the fall,
and it's like I don't, you know,like you don't know what's gonna
(17:08):
happen.
So you don't you have no idea,and uh that that makes it hard.
Like I think selling next year'scrop right now is hard, even in
January, selling the next year'scrop would be a difficult 2026
crop, yeah.
Right now, when you get even inMay, I don't I don't know.
There's people, but I think youjust kind of have to get started
(17:31):
doing it.
SPEAKER_01 (17:32):
You do, and I used to do that um before we started
growing and expanding a lot ofstuff.
You use your insuranceguarantee, and I used to do
that, get out there and forwardcontract um whatever your
insurance guarantee was, andjust got away from it.
So we need to get back to that.
SPEAKER_02 (17:52):
It feels less tangible.
Like, I don't know.
I like to have my hands on it.
SPEAKER_01 (17:57):
It's hard to sell 150 bushel when you don't even
have a crop in the ground tosell, but that's just what what
it is the way it is.
SPEAKER_02 (18:07):
I think getting a bagger this year, though,
changed the game for uscompletely.
SPEAKER_01 (18:12):
Absolutely.
We didn't have to take anythingto town straight out of the
field.
So because when we were thinkingof having to sell that corn
straight out of the field, itthe prices were 60 cents less
than they are today.
And then you can't take it andstore it or do the price later
(18:34):
deal.
That's that was 24 cents rightoff the top.
Uh you can't do that.
That's crazy.
SPEAKER_02 (18:40):
It's just a lot.
SPEAKER_01 (18:42):
Right.
So we were able to just bag it,and that actually went really
well.
Um bagging it.
It's simple, makes the wholeharvest process go pretty quick.
So now we know exactly how manybushels we got in each bag and
we can market that grain.
SPEAKER_02 (18:57):
I mean, it is it is time, and like because we're
going around checking the bags.
I mean, it it's going to be alot more time involvement.
SPEAKER_01 (19:08):
It is.
It's our bags aren't scatteredall over the countryside.
I mean, they're 25-minute drive,you can have checked all the
bags.
30 minutes maybe.
And maybe that's just a littlebit of my paranoia in the first
year of having bags out in thefield.
Um, are there critters going toget to it?
Is it uh so I guess let's admitit, we had two bags split on us
(19:34):
already.
SPEAKER_00 (19:34):
Yeah.
SPEAKER_01 (19:35):
Uh, but that was just, you know, learning curve,
user error.
Um, when we started the bag, itI don't know if we had the
brakes set too much when westarted or whatever, but the
start of the bag got stretched alittle too much, so it ripped.
Um, so we literally just tookthe grain back out there and
sucked, I don't know, a hundredbushel out or something.
(19:59):
And put a new piece of plasticover it and taped it up and um
got it closed back up.
So we've already had thathappen.
Yes.
I know I've heard in thecomments.
Don't stretch it too much, thewhole thing will split.
Yep.
Well, you live and learn, right?
SPEAKER_02 (20:16):
Well, I mean, it's it's like doing surgery.
Like if you don't have anycomplications, you haven't done
enough surgery.
Like it's it's inevitable.
You're going to have somethingat some point, sometime.
So we just learned really quick,hon.
That's get it out of the way.
That's right.
Yeah.
(20:37):
You can't ever say it didn'thappen.
Right.
SPEAKER_01 (20:41):
So, but that I mean, actually, it it was simple to
because we have a grain back, itwas simple to suck it out and
tape it back up.
SPEAKER_02 (20:48):
So at the time it felt a little bit like darn it.
Frustrating, but luckily it wasalways in the morning and you
weren't out in the field yet.
SPEAKER_01 (20:58):
And yeah, and naturally, who sees the one bag
split because it was by thebins, my cousin.
Hey, I don't know if you knowthis, but uh your bag is well,
thanks.
SPEAKER_02 (21:10):
Well, I thought it was nice he called.
SPEAKER_01 (21:11):
He was just calling, let me know, and I was
appreciative of that.
SPEAKER_02 (21:15):
Yeah.
SPEAKER_01 (21:16):
He's usually the one to poke the bear, and so
whatever.
Um, so that kind of leads intomy paranoia of wanting to check
the bags.
SPEAKER_02 (21:25):
Um, I think it's a good idea.
SPEAKER_01 (21:28):
We run around, check the bags, and check that check
mark for the day.
SPEAKER_02 (21:31):
And well, if you think about how much money is
stored in each one of thosebags, I think it's a good idea.
It's a it's a good, you know,protection of your assets.
I'm glad harvest is completed.
Now we are, you know, doing therest of the fall work.
We are not doing anhydras thisyear.
SPEAKER_01 (21:52):
No anhydras.
SPEAKER_02 (21:54):
Which is a change for our operation, and it feels
good.
SPEAKER_01 (22:01):
It doesn't feel like such a rush right now.
Although I feel like I'm gettinga little something going on,
scratchy throat.
And I'm sure that's just becausewore down and stress and finally
slowing down, it hits.
And yep.
We all are probably a littlestressed out and a little
overworked and need a littlerest.
(22:22):
This is this is God throwing itat us, like slow down.
SPEAKER_02 (22:26):
But um well, it's the beaver full moon tonight.
Time to rest.
It's time to head into winterfor your respite.
Are we gonna do it this year?
Are we gonna relax?
Sure.
SPEAKER_01 (22:44):
As much as a farmer can rest and relax.
And yeah.
SPEAKER_02 (22:50):
All of those indoor things we can get done.
SPEAKER_01 (22:53):
So with that, thanks for listening.
We do appreciate everybodylistening.
Go find us on all of thesocials.
SPEAKER_02 (23:00):
At farmers greatest asset.
SPEAKER_01 (23:03):
Send us an email.
SPEAKER_02 (23:04):
At farmersgreatestasset at
gmail.com.
We'd love to hear um what youguys think of our podcast today.
Let us know how you guys didwith your yields.
I'd like to hear um some more uhfrom our audience about how your
yields were.
You don't have to give usnumbers, but just yeah, it was
(23:25):
better, worse.
I I think that there are, youknow, there's some people out in
western Iowa I know that arereally having a hard time.
So we'll we're saying someprayers for you all.
We've been there.
I understand.
SPEAKER_01 (23:40):
Absolutely.
You're not alone.
Just remember, it is a good day.
SPEAKER_02 (23:49):
To have a great day.
Bye.
The Farmer's Greatest Asset Podcast.
We believe the Farm's GreatestAsset is the Farmer.
Their knowledge, experience,mind, and health.
(00:38):
Well, welcome to the podcast.
I am Jesse.
SPEAKER_02 (00:41):
And I'm Dr.
Leah.
SPEAKER_01 (00:43):
Well, we are a little on time this episode.
Isn't that a last-minute kind ofrecording deal?
SPEAKER_02 (00:49):
It is Wednesday afternoon, honey.
It isn't Thursday morning.
SPEAKER_01 (00:55):
You didn't have to tell everybody that.
SPEAKER_02 (01:05):
Yeah, we talked about that last week.
SPEAKER_01 (01:08):
So now we're doing some tillage and cleaning up
some fence rows, getting a lotof that stuff done.
SPEAKER_02 (01:16):
The weather is shifting.
Like it was hot.
Now it's cool and breezy.
SPEAKER_01 (01:24):
It is a little more of a breeze, but yes, it is.
SPEAKER_02 (01:28):
And I think we're going to have a major change
this weekend.
SPEAKER_01 (01:31):
The change is coming.
Welcome to Iowa.
Does every state say that?
Like in Iowa, like, oh yeah,you're going to have all four
seasons in one day.
SPEAKER_02 (01:40):
Yeah, I th well, probably not every state, but
I'm guessing Nebraska, Kansas,Missouri.
SPEAKER_01 (01:48):
Most Midwestern states.
SPEAKER_02 (01:49):
Illinois.
Yeah, I think, yes.
Even when we were having reallyhot weather, like those early
90s, I was up visiting friendsin Wisconsin and it was that way
up there too.
So I'm sure it's kind of likethat.
Welcome to the Midwest.
You're going to have it all.
There you go.
There you go.
We like we we are resilientpeople here.
(02:13):
We can roll with roll with theweather.
There's a new saying, instead ofroll with the punches, we're
rolling with the weather.
SPEAKER_01 (02:20):
Yeah, no joke.
Roll with the weather.
SPEAKER_02 (02:24):
It sounds a little more palatable.
SPEAKER_01 (02:30):
Sure.
So yeah, there is some weathercoming.
They're talking a little rain,but then the cool off is gonna
happen.
So it is more than cool.
SPEAKER_02 (02:40):
I think it's the cold off.
SPEAKER_01 (02:43):
It is November, so it is bound to happen.
SPEAKER_02 (02:47):
It's funny because I've been working outside this
week, and it went from like Iget up in the morning and I have
like leggings underneath of mymy jeans, and I have like a tank
top with a long sleeve shirt,with a flannel, with my vest.
(03:08):
And then it's like by the end ofthe afternoon, I'm like in a
tank top and my jeans.
SPEAKER_01 (03:13):
And then by five o'clock, you need it all again.
SPEAKER_02 (03:16):
Well, actually, it really starts changing about
four o'clock.
And about four o'clock, you canfeel the sun starting to time
change.
I know.
I know.
SPEAKER_01 (03:27):
Anyway, that's a whole nother episode, right?
SPEAKER_02 (03:32):
We are still adjusting, still adjusting to
the time change.
And it's also a full moon.
SPEAKER_01 (03:43):
It is.
SPEAKER_02 (03:44):
Tonight is the full moon.
SPEAKER_01 (03:46):
What do they call it?
SPEAKER_02 (03:48):
This is what they call the beaver moon.
I just learned that this week.
And it is named, it is the lastfull moon before the winter
solstice.
And they called it the beavermoon because like it is a time
of preparation.
Like the the beavers wouldprepare their dam to get ready
(04:12):
for the winter, because you knowthe winter ice is hard on their
dams.
And it's also them getting allthe last harvest and getting the
preparation and the food packedaway in their homes.
And so they call it the beavermoon.
It's a time to reflect, toprepare and reflect on what you
(04:36):
want and like in the upcomingwinter season of calm and peace
and silence and rest and youknow, to repair, um and to kind
of realign with your intentions.
So I highly encourage everyone,you know, like those types of
things are usually thought to beat the beginning of the year,
(04:59):
you know, of the new year, butit it's a really a good time um
to set intention of how you wantyour winter to go.
And this this time this year, umlooking at my schedule, I
realize how much I want myfamily to be a prior priority.
(05:21):
And I say they're my priority,but I'm not always setting aside
time to be with them.
That isn't like go do this anddo that, and we need to do this
and do that, and just you know,sit with them, talk about them.
SPEAKER_01 (05:36):
Sit at the dinner table together.
SPEAKER_02 (05:38):
Yeah.
Talk about where they are.
I mean, especially our kids areolder, so talk about what
they're thinking and and wherethey're at right now, and and be
there for them.
Like I always want to be, but Ifeel like the busy takes me away
from that.
SPEAKER_01 (05:56):
So, yes, this is the time of year right now.
Literally today, we were talkingabout um how many bushels we
have to market and the differentmarketing uh plans.
SPEAKER_02 (06:08):
Yeah, we had our pre-harvest marketing plan, and
now we need to sit down andreally crunch the numbers.
SPEAKER_01 (06:17):
Fine-tune it.
So we will run all the reports.
We do have the reap app that uhwas on the grain cart with the
scales.
Um, so we just need to kind ofdouble check that with our yield
monitor, and then so we storedeverything, so we just kind of
need to check and recheck anddouble check everything.
(06:38):
Um, but at the current moment,actually, what'd I say today?
Beans are up like another 11cents.
Yeah.
Yeah, nearby beans on the boardwere up another 11 cents.
So we've had a pretty good runof beans here the last week, 10
days.
Um, and we have pulled thetrigger on selling some beans.
(07:02):
Shall we say that we are notgiving any marketing advice?
SPEAKER_02 (07:06):
Absolutely not.
SPEAKER_01 (07:08):
In no way, shape, or form, should you do exactly what
we say?
But um, I feel like this is ouropportunity, so we sold some.
Um, but going back, I wanted towait on the first sale that we
made, and you're like, nope, weneed to pull the trigger because
it was in our pre-harvestmarketing plan that that price
(07:29):
was a good price.
SPEAKER_02 (07:30):
It was actually like a lot higher than what our
pre-harvest marketing plan was,right?
Um, like where we are now, I washoping we would get to after the
beginning of the year.
Um right.
SPEAKER_01 (07:44):
So futures right now are eleven nineteen for today,
um, which is we I didn't seethat coming at all.
Um, but I did say all along thatif we ever got China back into
the game, that would make thingslook differently.
But that being said, I amconcerned that it will last very
(08:09):
long, right?
SPEAKER_02 (08:10):
And that's just that this is gonna be a short-lived
rally, is what we're thinking.
SPEAKER_01 (08:15):
So I've talked to a good friend who owns a marketing
business, um, Keith, Galen withAgriSource.
Um and he's saying the samething.
He's like, you know, it's a goodchance to sell.
Is this gonna come to fruition?
They all I have said at thispoint, China being they, that
(08:35):
they will buy some.
Um so we hope that they comethrough.
SPEAKER_02 (08:41):
But so I think the really important thing is to
really know where you stand onthe cost of your inputs.
SPEAKER_01 (08:52):
You have to know your numbers.
SPEAKER_02 (08:54):
So then if it's covered, then and you're getting
a return on your investment.
Granted, I would love for tohave gotten fifteen dollars a
bushel for beans, right?
That's not even possible.
I'm not gonna hold my breath.
SPEAKER_00 (09:16):
Right.
SPEAKER_02 (09:17):
So I would love to have gotten, and we sold before
I mean we we sold already, soit's not like we can get where
it's at today.
It's higher today than where wesold it at.
SPEAKER_01 (09:28):
We've sold some that first rally, we sold some the
next rally, and we've still kindof kept rallying a little bit.
But in our marketing plan, wesaid$11 is good, and if that's a
bad sale, I guess that's a badsale.
SPEAKER_02 (09:43):
My thought on it, and I I don't have like the
emotional connection to thegrain.
So my thought on it is if youcan make a profit, it could also
drop and us not have get the$11.
So you have to just be okay withwhere you sell it at.
(10:04):
And maybe that's just easy forme because it's you don't you
can't lose money that you don'thave.
Right.
But if you wait and it drops tonine, like when we sold like
last year, it was nine eightiesor lower.
SPEAKER_01 (10:23):
Out of the field.
SPEAKER_02 (10:24):
Yeah.
So all of it is better than whatit where it was last year.
Like we didn't have$11 last yearat any point in the fall.
You you don't lose that moneyunless you sell much lower.
And then you are losing.
I mean, then you aren't coveringyour spread, right?
SPEAKER_01 (10:45):
Well, and that's where knowing your numbers,
first of all, comes in, and thenhaving the plan and having the
plan written down somewhere, andwe are above where our plan was.
We also have uh our yields, ouryield bean yields were better
than expected.
Um, and that is kind of whatI've been hearing from
(11:05):
everybody.
SPEAKER_00 (11:06):
That's good.
SPEAKER_01 (11:08):
So that being said, if that comes out that bean
yields are higher, you know,that eleven dollars right now
could be high.
SPEAKER_02 (11:15):
So um in the end, we talked, and you and I are both
good with where it sold.
Even if it would go to twelvefifty.
unknown (11:26):
Right.
SPEAKER_02 (11:27):
Which I don't think it's going to, but if it would
go super high, we just have tobe okay with where we sold it.
SPEAKER_01 (11:34):
My point is, if you have that plan and it's written
down and you know that that'swhere you're making some money,
you have to be good with it.
Um, in the past, I don't knowthat we have ever known exactly
we've never had that planwritten down, right?
So then you just you hope formore, you hope for more, and
what do they say?
Hope in one hand and thenshitting another and see how far
(11:57):
you get.
Have your plan, have it writtendown, and know where you need to
be.
SPEAKER_02 (12:01):
I don't know who says that, but it's kind of
gross.
SPEAKER_00 (12:06):
Right.
SPEAKER_02 (12:07):
I don't want anybody shitting my hand.
SPEAKER_01 (12:13):
Or your own hand.
I also was listening to apodcast today, and uh maybe
here's in a confession.
Honestly, don't listen to manypodcasts.
I do on occasion.
SPEAKER_02 (12:28):
Um, but I listen to a lot of podcasts.
SPEAKER_01 (12:32):
Right.
So on my way home today, uh, itwas just a 10-15-minute drive
home from the field, um, had thepodcast on, and what stuck out
to me was make the decision.
So it's like, okay, yes, we madethe decision, need to be good
with it, and I'm happy withthat.
SPEAKER_02 (12:52):
Now we just need the corn to rally.
SPEAKER_01 (12:54):
Yes.
Yes, we do.
SPEAKER_02 (12:57):
But we have time, it doesn't all have to get sold
today.
SPEAKER_01 (13:01):
No, and I don't know what to think about the corn.
Our yields were decent, um,nothing like last year.
Um you hear from people thatthere's spots that are really
down.
I don't know.
I don't know what to think aboutthe corn.
I think there's a fair amount ofcorn out there, so um probably
(13:22):
not as good as it was last yearanywhere, but I'm banking on
numbers like last year.
SPEAKER_02 (13:29):
Like I think that's probably where we'll be.
SPEAKER_01 (13:31):
Well, at this point, that's all we can assume, right?
Um the government being shutdown, so you don't have those
reports.
I don't know what to say aboutthe corn.
SPEAKER_02 (13:45):
I guess I'm I'm talking prices.
I think it'll be similar to whatit was last year.
Right.
We don't have any pie in the skymarketing of corn.
SPEAKER_01 (13:58):
I mean, I have some targets out there that are
pretty pie in the sky right now,but you called the buyer the
other day and he's like, Well,we're kind of ways away from
that.
SPEAKER_02 (14:10):
I was like, I know, but it's gonna happen.
And he's like, Okay.
He's like, You re you want me toput that in there?
I was like, I absolutely do.
Let's make it happen.
He's like, I like yourenthusiasm.
It's like, yes.
SPEAKER_01 (14:26):
But when you think about it, I mean what's it gonna
hurt?
70 cents.
SPEAKER_02 (14:31):
I mean, that 70 cents in corn is a little crazy,
but it is, but it could happen.
Um we s we still have a fewmonths.
So uh, but I'll look I'll lookgolden when we hit it.
SPEAKER_01 (14:48):
Right.
SPEAKER_02 (14:50):
And if not, we can just reset it.
SPEAKER_01 (14:53):
Cancel it and reset it.
SPEAKER_02 (14:54):
Yeah, we can reset a different price, a different
number.
unknown (14:57):
Yep.
SPEAKER_02 (14:58):
We'll re we'll re-look at it when uh we can,
but I'm gonna shoot for thegreat number.
SPEAKER_01 (15:05):
Right.
So for us, I used to do all ofthe marketing, and I get so busy
doing everything else, and Idon't follow the markets like I
should if I'm marketing it.
Um so I'm trying to relinquishthat to you, and we we discuss
(15:26):
it, and you have to talk me intothe sales just about every time.
I don't know.
SPEAKER_02 (15:32):
We went to a marketing class years ago,
probably like nine or ten yearsago, right?
SPEAKER_01 (15:39):
And the one thing they basically said was uh just
let your wives do it becausethey're not emotionally attached
to it, they'll just sell it.
And that's probably what needsto happen.
SPEAKER_02 (15:50):
And uh they actually said women are better grain
marketers because of that.
SPEAKER_01 (15:56):
Right.
For me, like I said, I just getso busy and all of the stuff,
and then all of a sudden it'slike, oh, corn was for whatever
today, should have sold, andthen it doesn't get sold or
whatever, and then I'm justhoping for more, wanting more,
and our plan right now is getall of our reports together and
(16:18):
have a hard count on bushels andhave a marketing plan, hard
marketing plan on paper.
So we know exactly where we wantto be.
SPEAKER_02 (16:27):
And I know there are people out there that are like,
I mean, they had like half theirgrain marketed before it, you
know, came out of the field.
And I think that that is amazingthat people do all of that ahead
of time and have it done andlike do that much in depth.
(16:48):
I I don't have the mentalcapacity or energy to do that at
this point in our farming.
Well, we just need to get andmaybe that's maybe that's why
but even like I've been lookingat what what it is in the fall,
and it's like I don't, you know,like you don't know what's gonna
(17:08):
happen.
So you don't you have no idea,and uh that that makes it hard.
Like I think selling next year'scrop right now is hard, even in
January, selling the next year'scrop would be a difficult 2026
crop, yeah.
Right now, when you get even inMay, I don't I don't know.
There's people, but I think youjust kind of have to get started
(17:31):
doing it.
SPEAKER_01 (17:32):
You do, and I used to do that um before we started
growing and expanding a lot ofstuff.
You use your insuranceguarantee, and I used to do
that, get out there and forwardcontract um whatever your
insurance guarantee was, andjust got away from it.
So we need to get back to that.
SPEAKER_02 (17:52):
It feels less tangible.
Like, I don't know.
I like to have my hands on it.
SPEAKER_01 (17:57):
It's hard to sell 150 bushel when you don't even
have a crop in the ground tosell, but that's just what what
it is the way it is.
SPEAKER_02 (18:07):
I think getting a bagger this year, though,
changed the game for uscompletely.
SPEAKER_01 (18:12):
Absolutely.
We didn't have to take anythingto town straight out of the
field.
So because when we were thinkingof having to sell that corn
straight out of the field, itthe prices were 60 cents less
than they are today.
And then you can't take it andstore it or do the price later
(18:34):
deal.
That's that was 24 cents rightoff the top.
Uh you can't do that.
That's crazy.
SPEAKER_02 (18:40):
It's just a lot.
SPEAKER_01 (18:42):
Right.
So we were able to just bag it,and that actually went really
well.
Um bagging it.
It's simple, makes the wholeharvest process go pretty quick.
So now we know exactly how manybushels we got in each bag and
we can market that grain.
SPEAKER_02 (18:57):
I mean, it is it is time, and like because we're
going around checking the bags.
I mean, it it's going to be alot more time involvement.
SPEAKER_01 (19:08):
It is.
It's our bags aren't scatteredall over the countryside.
I mean, they're 25-minute drive,you can have checked all the
bags.
30 minutes maybe.
And maybe that's just a littlebit of my paranoia in the first
year of having bags out in thefield.
Um, are there critters going toget to it?
Is it uh so I guess let's admitit, we had two bags split on us
(19:34):
already.
SPEAKER_00 (19:34):
Yeah.
SPEAKER_01 (19:35):
Uh, but that was just, you know, learning curve,
user error.
Um, when we started the bag, itI don't know if we had the
brakes set too much when westarted or whatever, but the
start of the bag got stretched alittle too much, so it ripped.
Um, so we literally just tookthe grain back out there and
sucked, I don't know, a hundredbushel out or something.
(19:59):
And put a new piece of plasticover it and taped it up and um
got it closed back up.
So we've already had thathappen.
Yes.
I know I've heard in thecomments.
Don't stretch it too much, thewhole thing will split.
Yep.
Well, you live and learn, right?
SPEAKER_02 (20:16):
Well, I mean, it's it's like doing surgery.
Like if you don't have anycomplications, you haven't done
enough surgery.
Like it's it's inevitable.
You're going to have somethingat some point, sometime.
So we just learned really quick,hon.
That's get it out of the way.
That's right.
Yeah.
(20:37):
You can't ever say it didn'thappen.
Right.
SPEAKER_01 (20:41):
So, but that I mean, actually, it it was simple to
because we have a grain back, itwas simple to suck it out and
tape it back up.
SPEAKER_02 (20:48):
So at the time it felt a little bit like darn it.
Frustrating, but luckily it wasalways in the morning and you
weren't out in the field yet.
SPEAKER_01 (20:58):
And yeah, and naturally, who sees the one bag
split because it was by thebins, my cousin.
Hey, I don't know if you knowthis, but uh your bag is well,
thanks.
SPEAKER_02 (21:10):
Well, I thought it was nice he called.
SPEAKER_01 (21:11):
He was just calling, let me know, and I was
appreciative of that.
SPEAKER_02 (21:15):
Yeah.
SPEAKER_01 (21:16):
He's usually the one to poke the bear, and so
whatever.
Um, so that kind of leads intomy paranoia of wanting to check
the bags.
SPEAKER_02 (21:25):
Um, I think it's a good idea.
SPEAKER_01 (21:28):
We run around, check the bags, and check that check
mark for the day.
SPEAKER_02 (21:31):
And well, if you think about how much money is
stored in each one of thosebags, I think it's a good idea.
It's a it's a good, you know,protection of your assets.
I'm glad harvest is completed.
Now we are, you know, doing therest of the fall work.
We are not doing anhydras thisyear.
SPEAKER_01 (21:52):
No anhydras.
SPEAKER_02 (21:54):
Which is a change for our operation, and it feels
good.
SPEAKER_01 (22:01):
It doesn't feel like such a rush right now.
Although I feel like I'm gettinga little something going on,
scratchy throat.
And I'm sure that's just becausewore down and stress and finally
slowing down, it hits.
And yep.
We all are probably a littlestressed out and a little
overworked and need a littlerest.
(22:22):
This is this is God throwing itat us, like slow down.
SPEAKER_02 (22:26):
But um well, it's the beaver full moon tonight.
Time to rest.
It's time to head into winterfor your respite.
Are we gonna do it this year?
Are we gonna relax?
Sure.
SPEAKER_01 (22:44):
As much as a farmer can rest and relax.
And yeah.
SPEAKER_02 (22:50):
All of those indoor things we can get done.
SPEAKER_01 (22:53):
So with that, thanks for listening.
We do appreciate everybodylistening.
Go find us on all of thesocials.
SPEAKER_02 (23:00):
At farmers greatest asset.
SPEAKER_01 (23:03):
Send us an email.
SPEAKER_02 (23:04):
At farmersgreatestasset at
gmail.com.
We'd love to hear um what youguys think of our podcast today.
Let us know how you guys didwith your yields.
I'd like to hear um some more uhfrom our audience about how your
yields were.
You don't have to give usnumbers, but just yeah, it was
(23:25):
better, worse.
I I think that there are, youknow, there's some people out in
western Iowa I know that arereally having a hard time.
So we'll we're saying someprayers for you all.
We've been there.
I understand.
SPEAKER_01 (23:40):
Absolutely.
You're not alone.
Just remember, it is a good day.
SPEAKER_02 (23:49):
To have a great day.
Bye.
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