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I need $2,000,000.00. There is only problem: I need to convince the bank to give it to me. Wish me luck! ► NEW CORNSTAR GEAR: https://farmfocused.com/cole-the-corn-star/
I need $2,000,000.00. There is only problem: I need to convince the bank to give it to me. Wish me luck! ► NEW CORNSTAR GEAR: https://farmfocused.com/cole-the-corn-star/
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► Instagram: https://www.instagram.com/colethecornstar/
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► Business inquiries only: cornhubcole@gmail.com
25 comments
Boring
If you want "less" money you know where to be 😉
Great video, this also shows how uncomfortable heath insurance is for private business owners.
As the price you get at the market goes up, the prices on every thing else go up, it’s rigged to keep you a slave. Good luck and God bless you and yours! DC is my hero!
Cole read this whole thing and hear me out you always wanting to increase profit using what you have vs expansion. Now I know in your part of the country most farmers don't use irrigation. Here in Michigan even though we get about same about of rainfall as you because my area is south west lower Michigan and almost every one who can use irrigation even though we get enough rainfall as you on average. However our soil differs every were and a lot is very poor sandy ground but with irrigation we get substantially better yeids and in the areas were we have extremely good fertile soil with irrigation the results are truly worth the investment I would honestly think about doing a center pivot and a small area of your land and you will see a huge financial gain. Your a Numbers guy do the math come to Michigan talk to some folks. As fertile as your soil is in Iowa should be a no brainer. And as climate change gets worse almost as good as crop insurance cause at the end of the day water is the key!
Awesome tutorial 😊
Prayers for a good crop this year!
Compound interest is something everyone should know about as it applies to everything not just farming.
Great explanation in plain English that should be taught in every school not just colleges.
Very well done as always Cole, God Bless…
Most people have no idea of the fortitude, optimism, and sheer grit that is required of farmers. You have my thanks.
Question. Why do all that work if you’re just going to lose money?
you dont understand banks, the bank owns the farm, you just work for the bank. where does the 2 million come from, it comes from your iou, your iou is an asset to the bank, your iou is a liability to you. so where does the 2 million come from, it comes from nowhere, its just your iou that the bank lends to you at interest. its all smoke and mirrors, a rigged game you are guarateed to lose. thats the system we have..the bank owns everything and you just work for the bank. p.s. all that money is not real its just paper monopoly money. in 1913 when we got the federal reserve $ 1 had $1 in purchaseing value, today $1 has 3 cents in purchaseing value, a loss of 97% in value, who stole the 97%, the federal reserve (a private bank) did . its a rigged game, you can not win .
Awesome job cole
An outstanding economics educator.
Cole, I watch numerous farm shows (e.g. Larson, Laura Farms, Welkers, Millenial, 10th Generation Dairy Farmer). It's episodes like this one which stands out and raises you high above the rest. I learn so much and have mad respect for what you and all farmers do. God Bless and Thank you
Thank you Joe Biden!
Tell us where all the government money went ? And so far inputs are way way down from last year …..
Bezos, Gates and many other billionaires are buying Iowa farms. Your banker knows he can sell your farm for 6X what he lent you – probably with one phone call–.Protect yourself: with the right to restructure the loan. Sell shares in the farm . line up a secondary lender… If all goes bad and default is on the horizon – you make the sales call to Bezos and/or friends.
Very simplified explanation that does make sense. The only thing that I would consider bad info is the bank constantly approving of 8.5% interest, as sometimes they want "more" or if your a really good qualified borrower they might go Lower interest. but with the way things are going lower rates might not be possible for awhile, as banks raise rates.
Very first shot i seen a baby bottle 🍼 on the counter !!! 🤫🤔
I don’t see why you would be hiring drivers to haul grain in the off season. The farm already has the trucks and trailers and their expense fuel would be cheaper than hiring trucks I would think.
Cole and Les. It looked like two guys playing “BATTLESHIP” I am at point not getting yearly loan. But another farm came up for sale…
Really liked this video.
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you should teach kids in school, this lesson in economics, nyou say it much easier than any professor I ever had. Well done!
The most important factor not mentioned? Inflation…. You need inflation for higher crop prices. But you don't want inflation because it increases costs… The greatest scandal ever invented… After the creation of money obviously. Something that is created out of thin air…. 🙂