A Banker's Perspective on Water Management

What does financial health look like in agriculture? Jamie sits down with banker, Jacob Jennings, and Prinsco Agricultural Segment Lead and farmer, Karl Guetter, to talk ag lending. What are the current trends and how can farmers get the most out of what they already have? From land prices to investments that will never depreciate, tax planning and building wealth in rural America– Jamie, Jacob and Karl hash it out in this episode.<br/><br/>About the Guests: <br/>Jacob Jenniges is the branch president of Integrity Bank Plus in Walnut Grove, MN. He has been with the bank for 15 years and is an active member of the BankIn Minnesota Ag Committee. Jacob is knowledgeable about numerous agriculture loan programs offered by the USDA, Farmer Mac, RFA and Ag BMP. He currently services a loan portfolio that ranges from $20 million to $23 million dollars.<br/><br/>Karl Guetter is Prinsco’s Agricultural Segment Lead and is also an active farmer in South Central Minnesota.<br/><br/>Learn more about Integrity Bank Plus: www.integritybank.com<br/><br/>Want more? Check out these past episodes: <br/>#23: How Tiling is Driving Today’s Land Values<br/>#43: Commodity Prices and Water Management in the Bushel Business<br/><br/>Follow us on social media! <br/>FB:  https://m.facebook.com/thewatertableag/ <br/>Twitter:  https://twitter.com/thewatertableag/<br/>Website:  https://www.watertable.ag/the-podcast/<br/><br/>Find us on Apple Podcasts: <br/>https://podcasts.apple.com/podcast/id1538507698<br/><br/>Subscribe to our Spotify: <br/>https://open.spotify.com/show/001MKyL5nMw6jUpuuz9aGd<br/><br/>Listen on Google Podcasts: <br/>https://podcasts.google.com/fe....ed/aHR0cHM6Ly9mZWVkc <br/><br/>Episode Topics: <br/>00:32   Welcome to Karl Guetter and Jake Jenniges<br/>01:20   Let’s talk ag lending<br/>03:00   Financial health of farmers<br/>04:20   How to spend all that money?!?<br/>04:45   The perfect storm?<br/>06:00   Changing trends<br/>08:00   Controlling the weather?<br/>08:40   Land prices, deals and the oldest young guy<br/>10:30   Improving what you have<br/>12:50   An investment that will never depreciate<br/>13:50   Building wealth in rural America<br/>15:20   An average size farm in Minnesota? It’s so variable…<br/>16:25   Join forces, work together, stay relevant<br/>17:55   Murder and drainage<br/>19:00   Attitudes and land values<br/>20:55   Unexpected money<br/>21:16   Coming to a halt – where is the floor?<br/>23:00   What does a lender need to advise on drainage?<br/>24:26   Is drainage ever the wrong decision?<br/>25:45   Stretching the payments<br/>26:50   You have to get as much as you can out of what you have<br/>29:13   Cash rent – can you get the bushels?<br/>30:02   Integrity Bank Plus, a bunch of really good youngsters<br/>31:48   It’s like putting on a warm blanket<br/>37:00   Tax planning; a really big deal<br/>37:40   When does land sell high?<br/>40:30   A generational transfer and the importance of relationships<br/>44:40   Spend your money the right way at the right time<br/>45:25   Regretting the Vikings<br/>45:40   Wrap-up<br/><br/>More Episodes & Water Management Education:<br/>https://www.watertable.ag/the-podcast/