Farm Equipment, Auctions, and the Importance of Diversification w/ Greg Koch

Barn Talk

Welcome to Barn Talk! In this one, we dive deep into the world of farm equipment and ag business with our special guest, Greg "Kentucky" Koch. Greg, who owns a small farm and an equipment auction business, brings a wealth of knowledge as we explore the current trends and challenges facing the industry. We'll discuss the strength and potential decline of grain carts, semis, and hopper trailers, and speculate on crop size and quality amidst various environmental factors. Kentucky shares his insights on the downturn of the equipment business and how his diversified model sustains through changing markets. We also tackle the rise of semis in farming operations, the decline of big gravity wagons, and the ongoing challenges of running a business, including customer management and utilizing social media effectively. Get ready for a lively discussion about cattle prices, hay market fluctuations, and the invaluable skills taught through livestock work.

Use code BARNTALK for 10% OFF your next order

https://farmergrade.com

SUBSCRIBE TO THE PODCAST ➱ https://bit.ly/3a7r3nR

SUBSCRIBE TO THIS’LL DO FARM ➱ https://bit.ly/2X8g45c

SUBSCRIBE TO BARN TALK CLIPS ➱ https://bit.ly/3BlZnqq

LISTEN ON:

SPOTIFY ➱ https://open.spotify.com/show/3icVr4KWq4eUDl7Oy60YMY

ITUNES ➱ https://podcasts.apple.com/us/podcast/barn-talk/id1574395049

Follow Behind The Scenes👇🏻

● This’ll Do Farm Instagram ➱ https://bit.ly/30KPBNk

● Barn Talk TikTok ➱ https://bit.ly/3qciekS

● Sawyer’s Instagram ➱ https://bit.ly/3BtX0n4

● Tork’s Instagram ➱ https://bit.ly/3LGZJxS

00:00 Support the show, leave reviews, visit farmergrade.com.

10:36 Started business quietly in bedroom, then expanded.

16:16 Consolidation in equipment dealers; less inventory.

21:34 Limited travel, hated job from young age.

26:21 Limited demand for large farming equipment, new preference.

32:00 Farmers optimistic about grain prices despite challenges.

33:38 Ag economy struggling, hope diminishing, situation worsening.

39:01 Diversified retail dealer with focus on livestock.

47:39 Sales success from prospecting and networking.

50:38 Struggling with business growth and leadership development.

58:47 Motivated by family, balancing work and compassion.

01:03:33 Middle America built on farm kids know-how.

01:06:56 Story about rebuilding a car engine summary.

01:11:44 Encouraging audience engagement and promises future content.

-------------------------------

***PLEASE NOTE***

Barn Talk is a significant break from the typical content viewers have come to expect from This’ll Do Farm. Please be advised that we will be exploring a wide variety of topics (some adult-themed) and our younger viewers (and their parents) should be advised that some topics will be for mature audiences only.

⚠NO FINANCIAL ADVICE / DISCLAIMER⚠

The Information discussed and shared on Barn Talk is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or success for any particular purpose.

The Information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

The Information on this podcast and provided from or through our content is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional, professional broker or financial advisory.

Understand that you are using any and all Information available on or through this website at your own risk.