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How Much Money Do Farmers Make?

Cole The Cornstar
628K subscribers
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3M views 5 years ago
This is the first video of its kind. Finances in farming is often a subject many are not willing to talk about. In this video, I shine a light on all of our expenses for our 1,700 acre farm in Central Iowa. I cover every aspect of income and expenses and produce actual numbers. The goal of this video is to raise awareness and to educate. It is not designed as a pity video, so please, do not feel bad for us. The information is as personal as it gets and this video took me a long time to create. Sources: Yields and Prices https://www.extension.iastate.edu/agd... https://www.extension.iastate.edu/agd... https://www.extension.iastate.edu/agd... https://www.extension.iastate.edu/agd... Quick and dirty tax calculator: https://smartasset.com/taxes/iowa-tax... Thank you for watching! Special Thanks To Our Video Sponsor: ► This could be you! Website: This could be your website! ►Like My Sunglasses? ►https://pitvipersunglasses.com Use  …...more
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Farmers Get Paid When They Sell Their Product

3:26

Corn Yield

4:01

Highest Cash Price for Corn

5:47

Mfp Payments

6:47

Equipment List for a Farm

9:43

Fertilizer

13:12

Liquid Fertilizer

14:32

Cash Rent

15:43

Insurance

20:17

Property Insurance

20:22

Trucking

22:42

Tillage

24:46

Most Farmers Have More than One Source of Income

27:19

Government Payments

27:52

Here What Do We Got To Do To Get out of the Red Well Basically We Have Two Options We Can Get a Higher Yield or We Can Raise the Price So First Let's Try Raising the Yield and Keep Our Same Average Prices since We Plant 70 % Corn and 30 % Beans That's How I Made Up the Ratios on How Much Is Needed from each Crop So if We'Re GonNa Keep an Average Price of $ 3 and 41 Cents for Corn We Need To Raise $ 168 , 000 in Order To Reach Break-Even

32:03
How Much Money Do Farmers Make?
133KLikes
3,010,134Views
2020Jan 18
This is the first video of its kind. Finances in farming is often a subject many are not willing to talk about. In this video, I shine a light on all of our expenses for our 1,700 acre farm in Central Iowa. I cover every aspect of income and expenses and produce actual numbers. The goal of this video is to raise awareness and to educate. It is not designed as a pity video, so please, do not feel bad for us. The information is as personal as it gets and this video took me a long time to create. Sources: Yields and Prices https://www.extension.iastate.edu/agd... https://www.extension.iastate.edu/agd... https://www.extension.iastate.edu/agd... https://www.extension.iastate.edu/agd... Quick and dirty tax calculator: https://smartasset.com/taxes/iowa-tax... Thank you for watching! Special Thanks To Our Video Sponsor: ► This could be you! Website: This could be your website! ►Like My Sunglasses? ►https://pitvipersunglasses.com Use code: “COLECORNSTAR” for 10% OFF. Cole The Cornstar, aka Cole, is a 4th generation family farmer from Central Iowa who is the life force behind his family’s 1,700 acre farm. Cole promotes agriculture by filming his day-to-day adventures with his Dad (Daddy Cornstar) and brother (Cooper) on the farm. With a lot of help from Daddy Cornstar, Cole instills humor and education into his videos fit for both young adults and adults. Despite being 22-years old, Cole has an old-fashion work ethic with an innovative approach toward agricultural technology and practices. Cole's mission is to prove the American Dream is not dead and be a megaphone for agricultural education and innovation, from technological advances in farming equipment to conservation practices. Want To Follow Behind The Scenes? ►  / colethecornstar   ►Send Me Fan Mail Cole The Cornstar PO Box 1432 Marshalltown, Iowa 50158 ►Support us on Patreon: ►Patreon.com/colethecornstar Watch more Videos like this: ►WATCH NOW: SNOW-BLOWING CORN?? | World's Worst Farmer    • SNOW-BLOWING CORN?? | World's Worst F...   ►WATCH NOW: Cole, The GRAVE DIGGER?? | My Job Is Dead Sometimes    • Cole, The GRAVE DIGGER?? | My Job Is ...   ►WATCH NOW: Convincing The Bank To Lend Me $1,000,000 | Selling More Corn    • Convincing The Bank To Lend Me $1,000...   ► Edited By Cole The Cornstar Business inquiries only: cornhubcole@gmail.com

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Cole The Cornstar

628K subscribers