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.About the Guests: 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.Karl Guetter is Prinsco’s Agricultural Segment Lead and is also an active farmer in South Central Minnesota.Learn more about Integrity Bank Plus: www.integritybank.comWant more? Check out these past episodes: #23: How Tiling is Driving Today’s Land Values#43: Commodity Prices and Water Management in the Bushel BusinessFollow us on social media! FB:  https://m.facebook.com/thewatertableag/ Twitter:  https://twitter.com/thewatertableag/Website:  https://www.watertable.ag/the-podcast/Find us on Apple Podcasts: https://podcasts.apple.com/podcast/id1538507698Subscribe to our Spotify: https://open.spotify.com/show/001MKyL5nMw6jUpuuz9aGdListen on Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xMzg5OTEwLnJzcw== Episode Topics: 00:32   Welcome to Karl Guetter and Jake Jenniges01:20   Let’s talk ag lending03:00   Financial health of farmers04:20   How to spend all that money?!?04:45   The perfect storm?06:00   Changing trends08:00   Controlling the weather?08:40   Land prices, deals and the oldest young guy10:30   Improving what you have12:50   An investment that will never depreciate13:50   Building wealth in rural America15:20   An average size farm in Minnesota? It’s so variable…16:25   Join forces, work together, stay relevant17:55   Murder and drainage19:00   Attitudes and land values20:55   Unexpected money21:16   Coming to a halt – where is the floor?23:00   What does a lender need to advise on drainage?24:26   Is drainage ever the wrong decision?25:45   Stretching the payments26:50   You have to get as much as you can out of what you have29:13   Cash rent – can you get the bushels?30:02   Integrity Bank Plus, a bunch of really good youngsters31:48   It’s like putting on a warm blanket37:00   Tax planning; a really big deal37:40   When does land sell high?40:30   A generational transfer and the importance of relationships44:40   Spend your money the right way at the right time45:25   Regretting the Vikings45:40   Wrap-upMore Episodes & Water Management Education:https://www.watertable.ag/the-podcast/

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