Farm Equipment, Auctions, and the Importance of Diversification w/ Greg Koch
Barn Talk
This'll Do Farm
4.6 • 1.4K Ratings
🗓️ 18 August 2024
⏱️ 72 minutes
🧾️ Download transcript
Summary
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.
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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.
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***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.
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Transcript
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| 0:00.0 | All of the food we eat in much of the clothing we wear comes from plants and animals that are raised on farms. |
| 0:05.4 | Farms are different in type, in size, and even in name. Welcome to Barn Talk. |
| 0:12.7 | What happens at the barn stays in the barn, but not today. We're |
| 0:26.6 | going to let it all out for you guys. Today is going to be a guest episode. You know, |
| 0:31.5 | we haven't had a guest come on the show in a while. |
| 0:34.0 | Usually you like to keep our cadence to, you know, a Q&A, a hot topics, then a guest. |
| 0:40.0 | And that's kind of the cadence we like to stick on but sometimes you just got to go with the flow |
| 0:45.8 | And here and there we'll have four episodes of just dad and I shooting the shit and then we'll have four episodes back to back of guests coming on the show. |
| 0:53.8 | It's just kind of how it rolls sometimes. |
| 0:56.0 | But today we got a good guess in store for you guys. |
| 0:58.7 | But before we get into it, you guys know the drill. |
| 1:01.4 | Share the show with the people that you know if you get any value. |
| 1:05.0 | You can get value from laughing about something, learning something, relating to us on something. |
| 1:10.0 | However you got value from the show, all that we ask is that you just share it. The more that you guys do that, the more that this show can grow. The more people we can reach, the more episodes we can make, the more guests we can get on. And it's kind of the ticket to admission to watch or listen to the show. |
| 1:27.0 | Another thing that you can do to help us out here at Barn Talk is leave a review on Spotify or Apple. |
| 1:34.2 | The more that you guys do that, |
| 1:35.8 | the more it gives our show credibility |
| 1:38.8 | because from outside the podcast world, |
| 1:42.2 | if you look at podcasts, people are going to judge you on one thing and that's your your reviews |
| 1:46.9 | So the more reviews you guys leave good reviews hopefully you leave the better chance we can get more guests on to improve the show and the more episodes we can make. |
| 1:57.0 | So it just helps to show out a lot. |
| 1:59.0 | Last thing you can do to support us here at Barn Talk is support our direct to consumer meat |
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