The Business of Agriculture Podcast

Farm debt is at a record $605 billion, and that may not be the whole picture. More farm credit now comes from equipment companies, input suppliers, co-ops and private lenders, and that debt is hard to measure. Dr. Jenny Ifft, agricultural economist at Kansas State University, is working with USDA to size it up. She joins Damian to explain why vendors have become lenders and why "0% financing" is never really free. Is farm debt a problem? Balance sheets still look healthy. The real risk is cash flow, with many mid-sized grain farms barely covering their debt payments. Damian and Jenny weigh the warning signs, the lessons of the 1980s, and the flip side: plenty of capital is looking for somewhere to go — maybe farm debt is a non-issue, especially when compared to Main Street America's debt load. Farmers: Jenny is collecting seed price sheets for her research. Email a photo of your seed price sheets to jifft@ksu.edu.
The Business of Agriculture with Damian Mason is brought to you by:
Heads Up Plant Protectants
Tidal Grow Agriscience
Nano-Yield 
Good Agriculture
Also, make sure to check out my new show Uprooted, DamianMason.com, XtremeAg's The Cutting The Curve Podcast and The Granary. 
 
 
This content is protected. ©Damian Mason, all rights reserved.

Baby Boomers hold more than half of America's household wealth, while many younger people see owning a home, let alone a farm, as out of reach. Is today's generational rift worse than in decades past? Vance Crowe, founder of Legacy Interviews, joins Damian to dig into what's driving the divide: inflation that rewards asset owners and leaves renters behind, the soaring cost of college, and farm programs that send the most money to those who already own the most land. So what does it mean for agriculture? Damian and Vance push back on policies that create special classes by age, from young-farmer incentives to property tax freezes for seniors, and look ahead to what happens when a massive amount of farmland changes hands. They end on realism and optimism: if the direct path into farming doesn't work for you right now, find another route. If this one hits home, share it with someone who'd benefit.
The Business of Agriculture with Damian Mason is brought to you by:
Heads Up Plant Protectants
Tidal Grow Agriscience
Nano-Yield 
Good Agriculture
Also, make sure to check out my new show Uprooted, DamianMason.com, XtremeAg's The Cutting The Curve Podcast and The Granary. 
 
 
This content is protected. ©Damian Mason, all rights reserved.

Thousands of new companies have flooded the crop input market with products in the last decade.  All promise farmers a better answer. So who survives the shakeout? Galynn Beer with Tidal Grow Agriscience joins Damian to sort through one of the most crowded input markets agriculture has ever seen. They cover how the biologicals boom brought a wave of investor money, why some products solve problems farmers don't even have, and how the "CBD effect" of claiming one product fixes everything erodes trust.  What challenges do crop input products need to overcome to survive? These: tighter environmental regulation, pressure on legacy chemistries, thinner government support, and a shakeout that could take out half of the mid-size input companies.
The Business of Agriculture with Damian Mason is brought to you by:
Heads Up Plant Protectants
Tidal Grow Agriscience
Nano-Yield 
Good Agriculture
Also, make sure to check out my new show Uprooted, DamianMason.com, XtremeAg's The Cutting The Curve Podcast and The Granary. 
 
 
This content is protected. ©Damian Mason, all rights reserved.

U.S. farm debt is projected to reach a record $625 billion in 2026. Farm interest expense is approaching $33 billion, and government payments are providing a significant share of net farm income. Is American agriculture beginning to look like it did before the 1980s Farm Crisis? Damian Mason compares the agricultural economy of 2026 with 1981, examining rising borrowing costs, inflation, energy prices, farmland values, global conflict, agricultural trade friction, and increasing dependence on government support. There are critical differences. Farm bankruptcies remain far below the levels experienced during the Farm Crisis, debt-to-asset ratios are relatively low, and many older farmland owners carry limited debt. But those strengths do not eliminate the financial challenges facing production agriculture. The bigger question is whether American agriculture has become too dependent on government programs and policy intervention to maintain farm income and financial stability. The recovery from the 1980s Farm Crisis was ultimately aided by stronger economic conditions and a major expansion in global agricultural demand, particularly as China became an increasingly important customer for U.S. agriculture. There may not be another China waiting to drive the next agricultural demand boom. Watch this episode of The Business of Agriculture for Damian's analysis of farm debt, agricultural interest expense, government farm payments, farmland values, agricultural trade, and what the lessons of the 1980s can tell us about the future of American agriculture.
 
The Business of Agriculture with Damian Mason is brought to you by:
Heads Up Plant Protectants
Tidal Grow Agriscience
Nano-Yield 
Good Agriculture
Also, make sure to check out my new show Uprooted, DamianMason.com, XtremeAg's The Cutting The Curve Podcast and The Granary. 
 
 
This content is protected. ©Damian Mason, all rights reserved.

America is losing farms at a rapid pace, but is Big Ag consolidation really to blame?
Stephen Banks, founder of the Farm Security Initiative and a former construction-industry entrepreneur, traveled 10,000 miles across 19 states to investigate the economic pressures reshaping rural America. He came away convinced that American agriculture needs structural change, including limits on how much of the meat-processing industry any one company can control.
Damian Mason challenges that conclusion. Is the decline in farm numbers evidence that the agricultural system is broken, or is farming experiencing the same consolidation that has transformed banking, airlines, telecommunications, and other industries?
Stephen and Damian debate meatpacking concentration, agricultural oligopolies, price-taking, risk transfer, competition, food supply chain redundancy, taxpayer support, and whether America has too many farms or too few. With roughly 1.8 million farms remaining and government payments projected to account for 29% of net farm income this year, the stakes extend well beyond the farm gate.
Is consolidation making American agriculture more efficient, or dangerously concentrated? And would breaking up Big Ag actually improve the economics of farming?
This episode offers a spirited examination of farm consolidation, agricultural policy, food security, and the economic forces determining who will produce America's food in the decades ahead.
The Business of Agriculture with Damian Mason is brought to you by:
Heads Up Plant Protectants
Tidal Grow Agriscience
Nano-Yield 
Good Agriculture
Also, make sure to check out my new show Uprooted, DamianMason.com, XtremeAg's The Cutting The Curve Podcast and The Granary. 
 
 
This content is protected. ©Damian Mason, all rights reserved.