The Business of Agriculture Podcast

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.

Is your farm actually profitable, or are paid-off assets hiding the true cost of doing business? Damian Mason continues his "Farmer Math" series with a new guest, Chris Barron, to break down three financial fundamentals every farm operator should understand: land, equipment, and return to management. A million dollars of paid-off equipment can still represent roughly $150,000 per year in economic cost. Depreciation, inflation, replacement costs, and capital tied up in machinery do not disappear simply because the equipment has no loan payment. Damian and Chris also discuss how farmers should value labor, management, and their own time. Is labor a cost or an investment? If you tracked every hour you invested in your operation for an entire year, would you be satisfied with what those hours ultimately earned? The conversation then turns to where Agriculture is headed: tighter money, higher interest costs, less government backstop, and greater pressure on margins. In that environment, understanding farm profitability, equipment utilization, return on assets, and return to management becomes increasingly important. 
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.

Why does agriculture treat farmland and equipment differently than virtually every other business treats its assets? Illinois farmer and businessman Mark Severson joins Damian Mason to examine "farmer math" — the financial thinking that can distort how producers evaluate assets, capital, depreciation, opportunity cost, and return on investment. A paid-for tractor is not free to operate simply because there is no loan payment. Farmland is not automatically a good investment simply because it has appreciated. And dividing a farm equally among heirs does not necessarily produce a fair or successful farm succession plan. Damian and Mark discuss why agriculture often separates wealth from profitability, how substantial farm net worth can mask poor returns on capital, and why emotional attachment to land and equipment can influence business decisions that should be evaluated financially. They also explore one of agriculture's most difficult financial issues: farm succession planning. The commonly repeated idea that "equal is fair" can create conflict between farming and non-farming heirs while jeopardizing the future viability of the operation. This episode of The Business of Agriculture is a practical conversation about farm finances, farmland values, equipment depreciation, opportunity cost, return on assets, farm profitability, and generational farm succession. If you own or manage agricultural assets, the numbers behind your operation deserve the same scrutiny as the acres you farm.
 
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.

Beginning September 1 and continuing for 90 days, 300,000 metric tons of lean trim beef will be imported into the U.S. at zero tariff. The policy, recently announced by the Trump administration, is intended to tackle the "affordability" issue facing American consumers. Will it? International Ag consultant Todd Thurman joins Damian to discuss - and dismantle - this policy move. Is cheap food now an American entitlement? Why does Agriculture feel the brunt of "affordability" when cars, fuel, homeowners insurance, and so many other consumer products have inflated in price as much or more than beef? Did Brazilian "Big Beef" influence this decision to sell more meat? More importantly, why was this action even taken — beef consumption was increasing even amid record prices, defying the "protein trade down effect." All those questions and more are answered in this meaty episode of The Business of 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.

American agriculture is not simply working through another commodity cycle. It may be confronting a structural shift in how global agricultural markets, trade, technology, energy, and food demand function.
Geopolitical analyst Jacob Shapiro joins Damian Mason to examine four forces that could reshape the future of U.S. agriculture: the erosion of unquestioned American global dominance, an energy transition that could ultimately reduce input costs, artificial intelligence that may narrow some advantages of scale, and global population decline that challenges the long-held assumption of continually expanding food demand.
The discussion explores why agricultural exports may no longer provide the growth strategy the industry has historically relied upon. Jacob explains how China increasingly views food production and agricultural supply chains through the lens of national security, why greater Chinese self-sufficiency could affect U.S. commodity demand, and what changing global demographics mean for farmers and agribusinesses built around expanding export markets.
Damian and Jacob also examine U.S. ethanol policy more than two decades after the Renewable Fuel Standard emerged, the implications of AI for large and small agricultural operations, and how cheaper energy could alter farm economics.
The outlook is disruptive, but it is not pessimistic. Jacob argues that American agriculture has substantial opportunities if producers, agribusiness leaders, and policymakers recognize that the economic assumptions of the past may not define agriculture's future.
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.