Episode 97: The Future of Farming and Wealth Diversification in Agribusiness

Mike Downey, agribusiness expert specializing in farm succession planning and founder of Farm Raised Capital, shares valuable insights into alternative real estate investments and the crucial role of succession planning for more than 300 family farms.

We discuss the hurdles and prospects confronting the agricultural sector, such as weather fluctuations, market uncertainties, and shifts in farmland ownership dynamics. We also delve into the growing adoption of regenerative and organic farming methods, the challenges faced by young farmers entering the industry, and the potential of passive investments in assets like multifamily real estate for long-term wealth accumulation.

Tune in to discover more about passive investing and farm succession planning.

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Time Stamp

00:00:11 - Mike Donnie's Expertise in Agribusiness
00:02:12 - Society's Disconnect from Agriculture
00:03:04 - The Educational Gap in Agriculture
00:05:47 - Tax Incentives and Farmland Ownership
00:06:25 - Succession Planning in Farming
00:07:39 - The Rate of Internal Farm Succession
00:08:04 - Challenges for Young Farmers
00:09:01 - Technological Advances in Agriculture
00:10:26 - Sentiment in the Farming Community
00:11:35 - The Hurdles of Starting a Farm
00:12:35 - Seller Financing in Farm Transitions
00:13:50 - Specialized Farming and Profitability
00:14:21 - Direct-to-Market Farming Trends
00:15:41 - Soil Health and Farming Practices
00:16:05 - Diversification Beyond the Farm
00:19:00 - Leveraging Farmland for Other Investments
00:20:10 - Self-Directed IRAs and Alternative Investments
00:21:17 - Cycles Affecting the Farming Community
00:22:40 - Global Events Impacting Local Farming
00:26:44 - The Role of Land in Wealth Building
00:29:53 - Regenerative Agriculture and Profit Margins
00:30:33 - Vertical Farming and Urban Agriculture
00:31:49 - Educating New Landowners on Soil Responsibility
00:33:13 - The Value of Soil in Regenerative Agriculture


Quote

"Land is not just land, you know, land is the future in so many ways."

"Compared to some people how they look at gold, they preserve their wealth on gold, our gold is farmland. That's where our gold is over time."

"That's what led me to commercial real estate. It has a much easier barrier of entry, stronger cash flow, and better tax write-offs."


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