Moving Iron Podcast
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MIP #425 You're Keeping Up With The Market With Jon Wommack Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at info.randallreilly.com/moving-iron-podcast. Summary In this episode of the Moving Iron Podcast, Casey Seymour interviews John Womack and Corey Ziegler from Iron Solutions. They discuss the roles and responsibilities at Iron Solutions, the improvements made to the Iron Guides, and the importance of building customer relationships. They also talk about the impact of precision upgrade kits on equipment valuation and the benefits of attending the Moving Iron Summit. Overall, the conversation highlights Iron Solutions' commitment to providing accurate and valuable information to their customers. Takeaways Iron Solutions manages the data for the Iron Guides, including values, options, and models. Customer feedback is crucial for improving the accuracy and usefulness of the Iron Guides. Precision upgrade kits for equipment pose challenges in valuation due to aftermarket modifications. Building relationships with customers and understanding their needs is a priority for Iron Solutions. Attending the Moving Iron Summit provides valuable networking opportunities and industry insights. Chapters 00:00 Introduction and Roles at Iron Solutions 03:09 Working with Iron Solutions 07:24 Improvements in Iron Solutions 15:11 Future Initiatives at Iron Solutions 28:36 Improving Iron Guides and Building Relationships 32:17 Benefits of Attending the Moving Iron Summit 34:16 Conclusion Click To Watch: https://youtu.be/BGyrmmrh5cM Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #424 Presented by AgDirect Holding On To My Shorts With Tanner Ehmke Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at info.randallreilly.com/moving-iron-podcast. Summary In this episode of the Moving Iron Podcast, Casey Seymour interviews Shawn Hackett from Hackett Advisors about the current state of the commodity market. They discuss the recent report on planting intentions and its impact on the market. They also delve into the role of weather in the planting season and the potential for a May freeze. Hackett shares his long-term predictions for the US market, highlighting the importance of monitoring weather patterns and drought conditions. They also touch on the drought conditions in Russia and its potential impact on the global market. Overall, the conversation provides valuable insights for farmers and market participants. Takeaways The recent report on planting intentions significantly impacted the market, with corn acres decreasing and soybean acres increasing. Weather plays a crucial role in the planting season, and a warm and dry April could lead to a quick start to planting and push prices down. Long-term predictions suggest an elevated risk for a significant crop problem in the US market in the next few years due to cycles and weather patterns. Drought conditions in the US, particularly in Iowa and Illinois, could significantly impact corn and soybean production. Drought conditions in Russia, especially in the southern half, could also affect winter wheat production and the global market. Chapters 00:00 Introduction and Report Analysis 03:00 Impact of Weather on Planting Season 06:09 Long-Term Predictions for the US Market 07:08 May Freeze and Summer Months 23:43 Drought Conditions in Russia 28:14 Conclusion and Contact Information Click To Watch: https://youtu.be/zMMc5Z05HOQ Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP Markets with Shawn Hackett 4 Million Less Acres of Corn Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at info.randallreilly.com/moving-iron-podcast. Summary In this episode of the Moving Iron Podcast, Casey Seymour interviews Shawn Hackett from Hackett Advisors about the current state of the commodity market. They discuss the recent report on planting intentions and its impact on the market. They also delve into the role of weather in the planting season and the potential for a May freeze. Hackett shares his long-term predictions for the US market, highlighting the importance of monitoring weather patterns and drought conditions. They also touch on the drought conditions in Russia and its potential impact on the global market. Overall, the conversation provides valuable insights for farmers and market participants. Takeaways The recent report on planting intentions significantly impacted the market, with corn acres decreasing and soybean acres increasing. Weather plays a crucial role in the planting season, and a warm and dry April could lead to a quick start to planting and push prices down. Long-term predictions suggest an elevated risk for a significant crop problem in the US market in the next few years due to cycles and weather patterns. Drought conditions in the US, particularly in Iowa and Illinois, could significantly impact corn and soybean production. Drought conditions in Russia, especially in the southern half, could also affect winter wheat production and the global market. Chapters 00:00 Introduction and Report Analysis 03:00 Impact of Weather on Planting Season 06:09 Long-Term Predictions for the US Market 07:08 May Freeze and Summer Months 23:43 Drought Conditions in Russia 28:14 Conclusion and Contact Information Click To Watch: https://youtu.be/cfAjTcNCdaM Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #423 We Have The Meats, Technically with Doug Johnson Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at info.randallreilly.com/moving-iron-podcast. Summary Doug Johnson discusses lab-raised meat technology and its potential impact on the agricultural industry. Lab-raised meat is produced by growing stem and immortalized cells in a controlled environment with the idea it will reduce land and water usage, greenhouse gas emissions, and animal slaughter. However, scaling up production and ensuring food safety are challenges. The market demand for lab-raised meat is growing, but there are concerns about fair labeling and consumer education. The agricultural industry needs to advocate and educate others about the benefits and challenges of lab-raised meat. Takeaways Lab-raised meat is produced by growing stem and immortalized cells in a controlled environment with the idea it will reduce land and water usage, greenhouse gas emissions, and animal slaughter. There are challenges in scaling up production and ensuring food safety in lab-raised meat production. Market demand for lab-raised meat is growing, but there are concerns about fair labeling and consumer education. The agricultural industry needs to advocate and educate others about the benefits and challenges of lab-raised meat. Chapters 00:00 Introduction and Background 02:59 Lab-Raised Meat Technology 05:51 How Lab-Raised Meat is Produced 09:03 Immortalized Cells and Genetic Editing 12:06 Challenges and Scalability of Lab-Raised Meat 14:51 Market Demand and Waiting Lists 21:59 Consumer Perception and Education 25:05 Future Implications and Labeling 30:02 Conclusion and Call to Action Click To Watch: https://youtu.be/QBUVzKBmzro Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP Markets with Shawn Hackett Avian Flu and Dairy Cattle Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at info.randallreilly.com/moving-iron-podcast. Summary In this episode, Sean Hackett discusses various topics related to the agricultural commodities market. He provides insights on the wheat market, highlighting the minor reports of damage due to cold temperatures in certain areas. The conversation then shifts to the avian flu and its impact on dairy cattle, with Sean explaining the contagious nature of the disease and the potential production shortfall. The discussion further delves into the cattle market, where Sean predicts a period of sideways trade due to consumer pullback and increased supply. Finally, the hog market is analyzed, with Sean discussing the contraction in China's hog herd and the potential increase in demand for foreign pork supplies. Takeaways Cold temperatures in certain areas have caused minor damage to the wheat crop, but the overall impact on the market is insignificant. The avian flu has spread to dairy cattle, potentially causing a production shortfall and significantly impacting the dairy industry. The cattle market is expected to experience sideways trade as consumer pullback and increased supply affect prices. The hog market is showing signs of recovery, with the contraction in China's hog herd leading to potential opportunities for foreign pork suppliers. Chapters 00:00 Introduction 00:33 Discussion on Wheat Market 10:53 Cattle Market Analysis 13:29 Hog Market Analysis Click To Watch: https://youtu.be/QBUVzKBmzro Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #422 Row Crop Isolation With Jed Bengtson Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at info.randallreilly.com/moving-iron-podcast. Summary In this episode, Casey Seymour interviews Jed Bengtson to discuss the current trends and challenges in the equipment business. They cover topics such as the combine market, four-wheel drive tractors, row crop tractors, interest rates, and the outlook for 2024. Jed provides insights into the market conditions in Montana and shares his contact information for further discussion. Takeaways The combine market is experiencing a decline in values, but auction values have not dropped as much as expected. Introducing new combine models, such as the class 11 combine, may further impact the market. Four-wheel drive tractors with four-track articulated machines are gaining popularity, but wheeled tractors are still in demand. Dual pumps and PTOs are common configurations in the market. The row crop tractor market is flooded with inventory, leading to increased competition and potential price pressure. Interest rates play a significant role in equipment sales, with many customers seeking lower rates. The outlook for 2024 is expected to be flat to slightly up, but dealers may face challenges due to increased inventory and carrying costs. Montana's construction business is thriving due to population growth. Networking and building connections are crucial in the equipment industry, and events like the Moving Iron Summit provide valuable opportunities for industry professionals. Chapters 00:00 Introduction and Background 03:23 Combine Market Trends 10:26 Four-Wheel Drive Tractor Market 14:17 Row Crop Tractor Market 16:47 Interest Rates and Financing 23:00 Outlook for 2024 26:23 Positive and Negative Factors in Montana 28:19 Contact Information and Recommendation Click To Watch: https://youtu.be/M3n9hgPlcKI Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #421 Blame It On The Funds With Rich Posson Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at info.randallreilly.com/moving-iron-podcast. Summary Richard Posson discusses his podcast and topics, including grains, crude oil, gold, the economy, and the stock market. He explains his analysis based on business cycle patterns and his belief that the stock market and the economy grow for about seven to 12 years before a recession occurs. Richard also discusses the relationship between grains and the stock market and the impact of job market data on the current economy. He analyzes inflation and interest rates and the Federal Reserve's approach to managing them. Finally, he explains the role of interest rates in a recession and the importance of the Federal Reserve in stabilizing the economy. In this conversation, Richard Posson discusses various economic topics, including predicting the economy and the impact of debt. He also talks about the influence of the dollar on exports and the factors driving grain prices. Additionally, he shares his insights on the stagnant oil market and its future prospects. Takeaways Richard Posson's podcast covers various topics, including grains, crude oil, gold, the economy, and the stock market. Richard's analysis is based on business cycle patterns, and he believes that the stock market and the economy grow for about seven to 12 years before a recession occurs. There is a relationship between grains and the stock market, with specific patterns and factors influencing their performance. Job market data, such as the number of non-farm jobs added, provides insights into the current state of the economy. Predicting the economy and the impact of debt is challenging, and many predictions have been proven wrong over the years. The dollar's value plays a significant role in exports and can affect the stock market. Various factors influence grain prices, including funds' behavior and commercial traders. The oil market is stagnant, with production levels and economic factors contributing to its lack of movement. Chapters 00:00 Introduction to Richard Posson's Podcast 01:17 Richard's Analysis and Business Cycle Patterns 04:16 Job Market and the Current Economy 08:28 Inflation and Interest Rates 14:10 The Fed's Approach to Interest Rates 20:57 Quantitative Easing and the Banking System 21:28 The Importance of the Federal Reserve 22:25 Predicting the Economy and Debt 25:16 The Impact of the Dollar on Exports 29:00 Factors Influencing Grain Prices 37:18 The Stagnant Oil Market Click To Watch: https://youtu.be/V3_Wl5wuJUc Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #420 Inflation Report - With Rich Posson Summary In this episode, Casey Seymour and Richard Posson discuss the recent CPI report and its implications for inflation and interest rates. They analyze the surprising inflation numbers and the market's reaction to them. They also explore the impact of inflation on the real estate market and the potential for manufacturing to shift back to the United States. Additionally, they examine the current trends in the real estate market and the effect of low interest rates on home buying. Richard Posson discusses various topics related to the economy, stock market, and interest rates in this conversation. He emphasizes the importance of locking in low-interest rates and the potential impact of the Federal Reserve on inflation. Posson also shares his optimistic outlook for the stock market and economy, highlighting the potential of AI and the importance of long-term trends. He discusses the behavior of companies about inflation and the possibility of a Goldilocks scenario. Additionally, Posson touches on oil prices, the dollar index, and the struggle with interest rates. Takeaways The CPI report showed a slight increase in inflation, which surprised the market and raised concerns about the Fed's interest rate decision. The government's inflation calculation differs from private sector calculations, causing confusion and uncertainty. The real estate market is experiencing a shift as interest rates and prices fluctuate, but overall, it remains stable. Manufacturing will likely see a combination of onshoring and investment in emerging markets like India. Locking low-interest rates can provide a cushion and protect against potential increases. Although the Federal Reserve's actions may have contributed to lowering inflation, the free market system and consumer behavior also played a role. The stock market and economy are expected to experience short-term volatility, but the long-term outlook remains positive. Balancing inflation and economic growth is crucial; companies' behavior can impact inflation levels. The potential of AI and the importance of long-term trends should be considered when making investment decisions. Chapters 00:00 Introduction and Overview 00:38 Understanding the CPI Report 04:27 Market Reaction and Fed's Interest Rate Decision 05:23 Divergence between Government and Private Inflation Calculations 07:14 Impact of Inflation on the Real Estate Market 10:57 Interest Rates and the Economy 16:02 Manufacturing Shifts and Opportunities 21:44 Effect of Low-Interest Rates on Homebuying 22:24 Private Sector's Response to Interest Rate Changes 22:27 Locking in Low-Interest Rates 23:15 The Impact of the Fed on Inflation 24:09 The Possibility of a Recession 25:06 The Role of the Free Market System 25:35 The Effectiveness of the Fed's Actions 26:21 Throttle Up, Throttle Down Process 27:18 The Bullish Outlook for the Stock Market 28:11 Balancing Inflation and Economic Growth 29:09 Addressing Inequality and Creating Real Value 30:05 Behavior of Companies and Inflation 30:35 The Potential for a Goldilocks Scenario 31:02 Comparing the Current Market to the Dot-com Bubble 31:59 The Long-Term Potential of AI 33:27 The Importance of Long-Term Trends 34:53 Oil Prices and the Economy 35:45 The Dollar Index and Interest Rates 37:32 The Uncertainty of the Dollar Index 38:30 The Struggle with Interest Rates 39:58 The Importance of Inflation Indicators 41:44 Short-Term Market Volatility 42:01 Richard Posson's Podcast Click To Watch: https://youtu.be/yFcaIZslsuc Click To Listen: Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP Markets with Chip Nellinger: You Give Me Bears, I Give You Bulls! Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at info.randallreilly.com/moving-iron-podcast. Summary Chip Nell from Blue Reef Agri-Marketing discusses the commodity market and the recent USDA report. The report had no significant shocks, with domestic corn and bean numbers remaining unchanged. The market responded positively despite expecting a more substantial cut to Brazil's bean crop. The conversation then shifts to the upcoming acreage report and the uncertainty surrounding planting decisions. Chip explains that the funds' short positions are driven by technical factors rather than fundamentals. The discussion concludes with contact information for Blue Reef Agri-Marketing. Takeaways The recent USDA report had no significant shocks, but the market responded positively. The upcoming acreage report and weather conditions create uncertainty and risk in the market. The funds' short positions are driven by technical factors rather than fundamentals. Contact Blue Reef Agri-Marketing for risk management and marketing strategies. Chapters 00:00 Introduction and Weather Update 00:47 Recap of the USDA Report 04:26 Uncertainty and Risk Ahead 05:42 Discussion on Fringe Acres and Acreage Report 06:26 Factors Influencing Crop Planting Decisions 09:46 Volatility and Uncertainty in the Market 11:57 Role of Wheat in the Market 15:18 Short Positions and Fund Trading Click To Watch: https://youtu.be/V3_Wl5wuJUc Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP Markets With Shawn Hackett No Fringe Acres For You! Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at info.randallreilly.com/moving-iron-podcast. Summary In this episode of the Moving Iron Podcast, host Casey Seymour interviews Sean Hackett from Hackett Financial about the current state of commodities. The conversation covers various topics, including Chinese grain storage, the Australian wheat crop, the rice market, the cotton market, the crop acreage report, corn acreage, irrigation and corn, and the planted corn crop. The episode concludes with closing remarks and contact information. Takeaways China has increased grain storage and edible oils by 8.1% over the last year, indicating a solid commodity demand. Australia expects a larger-than-normal wheat crop, which could impact global wheat production. The rice market is an important grain market to watch, as it is one of the leading food staples globally. The cotton market has seen price fluctuations, with cotton prices currently trading around a dollar. Chapters 00:00 Introduction and Chinese Grain Storage 02:36 Australian Wheat Crop 04:47 Rice Market 08:05 Cotton Market 10:01 Crop Acreage Report 12:21 Corn Acreage 19:07 Planted Corn Crop 20:33 Closing and Contact Information Click To Watch: https://youtu.be/SyHlUR2khGk Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #419 This Isn't Your Fathers Guidebook With Jon Wommack and John Hoffmann Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at info.randallreilly.com/moving-iron-podcast. Summary In this episode, Casey Seymour and Alan Hoskins discuss the challenges in the commodity marketplace, the importance of long-term marketing plans, the impact of the Fed's statements on the market, and strategies for managing interest rates. They also explore external factors that can affect the market, the role of trusted advisors in decision-making, and the current state of the equipment market. They discuss the timing of equipment sales and purchases, the opportunities in the market, and the value of pre-DEF tractors. The episode concludes with a reminder to stay informed and make educated decisions in the ever-changing market. Chapters 00:00 Introduction 00:52 Challenges in the Commodity Marketplace 03:07 Long-Term Marketing Plans 06:32 Impact of the Fed's Statements 09:00 Managing Interest Rates 11:10 External Factors Affecting the Market 12:19 Importance of Trusted Advisors 14:16 Equipment Market and Buying Strategies 19:33 Opportunities in the Equipment Market 20:46 Timing Equipment Sales and Purchases 23:49 Online Auctions and Market Changes 25:37 Value of Pre-DEF Tractors 28:38 Conclusion Click To Watch: https://youtu.be/yUyIPOYg3Gc Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #418 - Sell Now Buy Later With Alan Hoskins American Farm Mortgage Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at info.randallreilly.com/moving-iron-podcast. Summary In this episode, Casey Seymour and Alan Hoskins discuss the challenges in the commodity marketplace, the importance of long-term marketing plans, the impact of the Fed's statements on the market, and strategies for managing interest rates. They also explore external factors that can affect the market, the role of trusted advisors in decision-making, and the current state of the equipment market. They discuss the timing of equipment sales and purchases, the opportunities in the market, and the value of pre-DEF tractors. The episode concludes with a reminder to stay informed and make educated decisions in the ever-changing market. Chapters 00:00 Introduction 00:52 Challenges in the Commodity Marketplace 03:07 Long-Term Marketing Plans 06:32 Impact of the Fed's Statements 09:00 Managing Interest Rates 11:10 External Factors Affecting the Market 12:19 Importance of Trusted Advisors 14:16 Equipment Market and Buying Strategies 19:33 Opportunities in the Equipment Market 20:46 Timing Equipment Sales and Purchases 23:49 Online Auctions and Market Changes 25:37 Value of Pre-DEF Tractors 28:38 Conclusion Click To Watch: https://youtu.be/RRauvZEe7go Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
Moving Iron's Official Data Partner Is Fusable, The Home of Iron Solutions And EDA Data. Ignite Your Dealership's Growth At Fusable.com MIP #417 Is Bigger Better with Jon Miller Summary In this episode of the Moving Iron Podcast, host Casey Seymour interviews John Miller, the used equipment manager for Krone North America. They discuss John's background and experience in the industry, the role of used equipment managers, the Krone company store model, trends in the chopper market, the use of tracks in equipment, and the outlook for the industry in 2024 and beyond. They also explore the impact of equipment prices on the market and the challenges used equipment managers face. The conversation explores the Volatility in the used equipment market, the ease of justifying used equipment purchases, budgeting for new equipment, the impact of price increases on trade-ins, challenges in the secondary market, limited demand for large equipment, the importance of infrastructure and support equipment, exploring international markets, the challenges of the global market, and the importance of networking events. Takeaways Used equipment managers play a crucial role in the dealership, influencing the selling of equipment and managing inventories. The Krone company store model is used strategically in areas with a strong market for Krone products but lacks dealer representation. The chopper market is trending towards larger machines, but there are limitations due to road width restrictions and infrastructure constraints. Using tracks in equipment is not currently a significant focus for Krone, as the premium cost and limited demand make it less attractive to customers. The outlook for the industry in 2024 is expected to be similar to 2023, with gradual declines in auction values. However, 2025 may present more challenges due to economic and political factors. The high prices of new equipment and the compounding effect on used prices create challenges for buyers and sellers. The used equipment market is experiencing Volatility, with fluctuations in supply and demand. Used equipment is more accessible to justify for producers, as it serves as spare equipment and is more affordable than new equipment. Budgeting for new equipment is standard for larger operators, who regularly trade in gear to keep it under warranty and maintain efficiency. Price increases in new equipment impact the trade-in value of used equipment, making it more challenging to sell. The secondary market for large equipment faces challenges due to limited demand and the need for additional infrastructure and support equipment. Exploring international markets can solve the saturated domestic market but comes with challenges. Networking events provide valuable opportunities for industry professionals to connect and share insights. Chapters 00:00 Introduction and Background 03:00 The Role of Used Equipment Managers 08:18 The Krone Company Store Model 15:28 Trends in the Chopper Market 21:17 The Use of Tracks in Equipment 23:12 Outlook for 2024 and Beyond 28:47 The Impact of Equipment Prices on the Market 36:23 Volatility in the Used Equipment Market 37:15 Easier to Justify Used Equipment 38:05 Budgeting for New Equipment 39:04 Impact of Price Increases on Trade-ins 40:14 Challenges in the Secondary Market 41:1 Limited Demand for Large Equipment 42:45 Infrastructure and Support Equipment 44:07 Exploring International Markets 45:07 Saturated Markets and Emerging Markets 47:38 Challenges of the International Market 48:36 The Importance of Networking Events Click To Watch: https://youtu.be/N-B6kRqZi6o Click To Listen: https://on.soundcloud.com/A95tm Presented By @AxonTire @AgDirect @IronSolutions @EDAData @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP Markets with Shawn Hackett - Grains Tough, Others Not So Much Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at https://info.randallreilly.com/moving-iron-podcast. Summary In this episode, Shawn Hackett discusses the current state of the commodities market, focusing on grains. He explains that the market is experiencing panic selling, but several factors indicate a potential turnaround. These factors include historical patterns, weather conditions, and the possible impact of the polar vortex. Hackett also highlights the opportunities for livestock producers to lock in low feed rates. He emphasizes the importance of taking a contrarian approach and making different decisions to achieve different results in the volatile commodity market. Chapters 00:00 Introduction and Weather Conditions 01:19 Grain Market Panic Selling 07:20 Potential Impact of Polar Vortex 12:12 Commodity Market Pickers 14:55 Bifurcated Commodity Market 20:04 Locking in Low Feed Rates 25:25 Taking Contrarian Approach 29:18 Changing Strategies for Different Results 31:10 Contact Information Click To Watch: https://youtu.be/-3ZmofGGNKs Click To Listen: https://youtu.be/kaaUxpzM72s Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
Moving Iron's Official Data Partner Is Fusable, The Home of Iron Solutions And EDA Data. Ignite Your Dealership's Growth At Fusable.com MIP Markets with Shawn Hackett - A Split Polar Vortex and Possible Winter Kill Event Summary Sean Hackett discusses the current weather conditions and the potential impact of a polar vortex event on commodity markets. He explains the factors contributing to a stratospheric warming event and the subsequent destabilization of the polar vortex. There is a risk of a winter kill event in the wheat market due to the unusual weather patterns. Sean visualizes the polar vortex and its split, highlighting the potential for extreme cold and snowfall. He emphasizes the potential impact on grain markets and advises farmers to consider cash sales during market rallies. Sean concludes by discussing his track record in forecasting polar vortex events and provides contact information for further information. Chapters 00:00 Introduction and Weather Conditions 01:26 Stratospheric Warming Events and Polar Vortex 03:13 Risk of Winter Kill Event 04:11 Visualizing the Polar Vortex 08:08 Potential Impact on Grain Markets 10:07 Weather Changes and Significant Dates 14:12 Unusual and Wild Polar Vortex Pattern 17:15 Possibility of Weather Shock Outcome 19:21 Forecasting Polar Vortex Events 20:13 Conclusion and Contact Information Click To Watch: https://youtu.be/-3ZmofGGNKs Click To Listen: https://on.soundcloud.com/A95tm Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com MIP #416 Dumb Horse Power With Ben Freidhof of Ziegler Ag Summary In this episode, Casey Seymour and Ben Friedhof discuss current weather conditions and their impact on farming. They then delve into the outlook for the marketplace in 2024, focusing on concerns about row crop tractors and the challenges of high-priced equipment. They also explore the dynamics of the used equipment market, particularly in the combined market. Ben shares insights on the demand for 5-year-old machines and the market's future. They conclude by discussing Ziegler Ag's rebuild program for legacy machines and the benefits of attending the Moving Iron Summit for networking and learning. Takeaways The weather conditions, such as snowfall and dryness, significantly impact the farming community. The marketplace outlook 2024 is cautiously optimistic, with a potentially slow start and a focus on input costs and interest rates. There are concerns about the inventory imbalance in the combined market, with a surplus of class eight combined. The demand for 5-year-old machines is limited due to price increases and the availability of newer models. The market's future depends on various factors, including geopolitical events, interest rates, and foreign markets. Ziegler Ag's rebuild program for legacy machines allows customers to bring in their older machines for a complete rebuild to like-new condition. The Moving Iron Summit provides industry professionals a valuable networking and learning opportunity. Chapters 00:00 Introduction and Weather 03:52 Marketplace Outlook for 2024 05:07 Concerns about Row Crop Tractors 07:15 Challenges with High-Priced Equipment 10:34 The Used Equipment Market 12:51 Inventory Imbalance in the Combine Market 13:39 Demand for 5-Year-Old Machines 17:02 The Future of the Market and the New Normal 22:14 Rebuild Program for Legacy Machines 29:14 Moving Iron Summit and Networking 30:30 Conclusion Click To Listen: https://on.soundcloud.com/uAWr5 Click To Watch: https://youtu.be/ch6W382cg0k Presented By @Fusable Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com MIP # 415 Building The Guide With Jon Womack of Iron Solutions Summary In this episode of the Moving Iron Podcast, Casey Seymour interviews John Womack from Iron Solutions to discuss the current trends and data in the agricultural equipment marketplace. They highlight the rebound of large row crop tractors and the increasing number of sprayers being listed for auction. They emphasize the importance of accurate sold reports and data in making informed decisions. John explains the process of gathering data from manufacturers and the role of data in lending institutions. They also discuss the significance of hour usage and adjustments in determining equipment values. The episode concludes with contact information for further inquiries. Takeaways Large-row crop tractors and sprayers are in high demand in the agricultural equipment marketplace. Accurate sold reports and data are crucial for making informed decisions in the industry. Hour usage and usage adjustments play a significant role in determining equipment values. Accessing sold reports and comparables can provide valuable insights for equipment evaluation. Chapters 00:00 Introduction and Market Overview 02:09 Market Trends: Large Row Crop Tractors and Sprayers 03:06 The Importance of Sold Reports and Data 04:33 The Process of Gathering Data from Manufacturers 07:36 The Role of Data in Lending Institutions 08:06 Ensuring Accuracy and Concrete Information 10:06 The Significance of Hour Usage and Usage Adjustments 13:06 Normalizing Sold Reports and Base Model Pricing 15:19 Factors Influencing Hour Usage 18:54 Accessing Sold Reports and Comparables 29:30 Closing Remarks and Contact Information Click To Watch: https://youtu.be/j9woluSLeNA Click To Listen: https://on.soundcloud.com/q2nBe Presented By @Fusable Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP Markets with Shawn Hackett - Taking Advantage Of Short-Term Weather Events Summary In this episode, Sean Hackett discusses the recent market report and the impact of the USDA's numbers on the grain markets. He explains the discrepancy between the USDA and CONAB's crop estimates and the resulting market uncertainty. Sean also analyzes the cattle market, highlighting the effects of extreme weather conditions on cattle weights and prices. He advises producers to utilize short-term rallies and lock in cash prices. Additionally, Sean discusses the potential impact of geopolitical events on agricultural markets and the importance of monitoring weather risks. The episode concludes with a listener question about Ukraine and Russia's crops. Takeaways The USDA's crop estimates and the discrepancy with CONAB's numbers have created market uncertainty. Extreme weather conditions have affected cattle weights and prices, providing short-term opportunities for producers to lock in cash prices. Geopolitical events and weather risks are essential to consider in agricultural market forecasting. Ukraine's agricultural production has not been significantly impacted by the conflict with Russia, possibly because of a theoretical agreement between Russia and China. Chapters 00:00 Introduction and Market Report 03:13 Cattle Market Analysis 08:15 Weather and Geopolitical Factors 17:13 Listener Question: Ukraine and Russia's Crops 23:28 Conclusion and Contact Information Click To Listen: https://on.soundcloud.com/K4u7H Click To Watch: https://youtu.be/-3ZmofGGNKs Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
Summary Shawn Hackett discusses the current weather conditions and the potential impact of a polar vortex event on commodity markets. He explains the factors contributing to a stratospheric warming event and the subsequent destabilization of the polar vortex. There is a risk of a winter kill event in the wheat market due to the unusual weather patterns. Sean visualizes the polar vortex and its split, highlighting the potential for extreme cold and snowfall. He emphasizes the potential impact on grain markets and advises farmers to consider cash sales during market rallies. Sean concludes by discussing his track record in forecasting polar vortex events and provides contact information for further information. Chapters 00:00 Introduction and Weather Conditions 01:26 Stratospheric Warming Events and Polar Vortex 03:13 Risk of Winter Kill Event 04:11 Visualizing the Polar Vortex 08:08 Potential Impact on Grain Markets 10:07 Weather Changes and Significant Dates 14:12 Unusual and Wild Polar Vortex Pattern 17:15 Possibility of Weather Shock Outcome 19:21 Forecasting Polar Vortex Events 20:13 Conclusion and Contact Information Click To Listen: https://on.soundcloud.com/eZhJ5 Click To Watch: https://youtu.be/-3ZmofGGNKs Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
Summary Shawn Hackett discusses various factors affecting the grain and natural gas markets in this conversation. He explains the record short positions in the grain market and the potential catalysts that could trigger a short-covering rally. He also discusses the harvest pressure in Brazil and the possibility of a post-harvest rally. Additionally, he analyzes the long-term outlook for the natural gas market and the potential impact of the Indian wheat crop on world supply. He emphasizes the importance of managing emotions and making clear decisions in agricultural markets. Takeaways 1. Record short positions in the grain market have been driven by the narrative of China's economic decline and poor US exports. 2. The grain market is vulnerable to a short covering rally if a catalyst makes traders feel they are on the wrong side of the trade. 3. Harvest pressure in Brazil and potential weather shocks for winter wheat could be catalysts for short-covering rallies. 4. The natural gas market is expected to experience drawdowns that could lead to a trend of increasing prices throughout the year. 5. Managing emotions and making clear decisions is crucial in agricultural markets. Chapters 00:00 Introduction and Small Talk 01:48 Discussion on Record Short Positions in Grain Market 02:54 Factors that Could Trigger Short Covering Rally in Grain Market 05:14 Harvest Pressure in Brazil and Potential Post-Harvest Rally 07:08 Potential Weather Shock for Winter Wheat 12:38 Long-Term Outlook for Natural Gas Market 19:20 Impact of Indian Wheat Crop on World Supply 25:50 Discussion on Natural Gas Drawdown and Long-Term Inputs 30:00 Managing Emotions and Making Clear Decisions 35:35 Contact Information and Closing Remarks Click To Watch: https://youtu.be/9BqKAYfyUHc Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc @Axontire Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
Summary In this episode of the Moving Iron Podcast, Shawn Hackett discusses various topics related to the agricultural market. He starts by discussing extreme weather conditions and their impact on travel and commodity markets. Then, he addresses the current state of biodiesel demand and the factors that could influence it. Next, he discusses the potential impact of financial problems on planting acres and the natural gas market. Finally, he shares his perspective on China's economy and advises farmers in the current market environment. Takeaways • Extreme weather conditions are impacting travel and commodity markets. • The biodiesel demand may not grow significantly until after the elections. • Marginal acres may not be planted due to financial problems and potential frost damage. • The natural gas market could experience a significant price increase in the coming months. • Concerns about China's economy and geopolitical tensions could impact commodity markets. • Farmers should be patient and consider participating in upside price risks. Chapters 00:00Introduction and Weather Conditions 05:57Biodiesel Demand 09:33Impact of Financial Problems on Planting Acres 11:27Natural Gas Market 17:24Concerns about China's Economy 29:31Market Outlook and Advice for Farmers Click To Watch: https://youtu.be/qECm0ypejZ4 Presented By @AxonTire Axon Tire, helping dealers move more iron for the past 100 years. For more information, go to AxonTire.com @AgDirect Today, there are many ways to finance ag equipment, but nobody delivers simple, fast, or flexible financing like AgDirect®. Learn more about your options to buy, lease, and refinance equipment at agdirect.com. @IronSolutions @EDA @Fusable Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP Market with Shawn Hackett 2024 is Totally Different Summary The conversation covers various topics related to commodity markets, including South American weather, the natural gas market, the wheat market, the South American crop outlook, and the impact of geopolitical events on commodity prices. The speaker also addresses a listener's question about the potential implications of a world war on agricultural commodities. The conversation highlights the importance of monitoring gold and Bitcoin as indicators of capital flow during geopolitical escalations. The speaker emphasizes considering long-term trends and potential inflationary risks in commodity markets. Takeaways 1. South American weather, particularly in Brazil, is a crucial factor affecting commodity markets, potentially impacting soybean and corn production. 2. The natural gas market is experiencing a rebound due to a colder-than-expected winter, which could lead to lower inventories and higher prices. The wheat market is influenced by factors such as winter kill and export supply from Russia and Argentina. 3. Geopolitical events, such as the possibility of a world war, can significantly impact commodity prices, leading to inflationary trends and increased demand for hard assets like gold and Bitcoin. 4. Long-term trends and cycles, such as the geopolitical war cycle, should be considered when analyzing commodity markets and making investment decisions. Chapters 00:00 Introduction and South American Weather 03:33 Natural Gas Market and Winter Weather 06:38 Winter Kill and Wheat Market 11:19 South American Crop Outlook 16:26 Impact of Geopolitical Events on Commodity Prices 27:22 Listener Question: Impact of World War on Ag Commodities 32:51 Geopolitical Cycle and Inflationary Risks 37:01 Contact Information Click To Watch: https://youtu.be/rFc854OQVfM Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @AnvilApp Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP Markets with Chip Nellinger: Will 2024 Volatility Be The Same as 2023 Volatility? Summary The conversation covers the reflection on 2023, the impact of geopolitical uncertainty on energy markets, volatility and uncertainty in grain markets, factors affecting the wheat market, geopolitical tensions on commodity prices, and challenges and opportunities in the hog market. Takeaways 1. Geopolitical tensions and conflicts can significantly impact commodity prices, particularly in energy markets. 2. Volatility and uncertainty, driven by weather and geopolitical factors, are expected to continue in grain markets. 3. The wheat market is influenced by factors such as the Ukraine-Russia conflict, winter kill risks, and changing geopolitical dynamics. 4. The hog market faces challenges due to increased supply and potential disruptions in trade, but opportunities may arise in the summer months. 5. 2024 is expected to be a year of continued uncertainty and volatility in commodity markets. Chapters 00:00 Introduction and Reflection on 2023 03:14 Geopolitical Uncertainty and its Impact on Energy Markets 08:15 Volatility and Uncertainty in Grain Markets 11:40 Factors Affecting the Wheat Market 15:12 Geopolitical Tensions and their Impact on Commodity Prices 18:45 Challenges and Opportunities in the Hog Market 21:39 Conclusion and Well Wishes Click To Watch: https://youtu.be/CygQnywOpKU Presented By @AxonTire @AgDirect @IronSolutions @randallreillyperformance Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #414 Presented By @TractorZoom Tractor Zoom Acquires Anvil App Work Summary Tractor Zoom has acquired Anvil AppWorks, aiming to provide a better solution for sales in the dealer ecosystem. Integrating Anvil AppWorks CRM with Tractor Zoom's data and analytics capabilities will streamline workflows and improve decision-making in the sales cycle. The acquisition will benefit customers by reducing risk, increasing efficiency, and providing real-time market data. The companies will focus on managing inventory, improving sales team performance, and enhancing the customer experience. Investments will be made in implementation, customer success, and data science to drive innovation and support dealers' growth. Takeaways -Integrating Anvil AppWorks CRM with Tractor Zoom's data and analytics capabilities will streamline workflows and improve decision-making in the sales cycle. -The acquisition will benefit customers by reducing risk, increasing efficiency, and providing real-time market data. -Investments in implementation, customer success, and data science will be made to drive innovation and support dealers' growth. -The companies will focus on managing inventory, improving sales team performance, and enhancing the customer experience. Chapters 00:00 Introduction and Acquisition 01:01 Goals of the Acquisition 02:27 Integration of Anvil AppWorks CRM 03:24 Motivating Factors for the Acquisition 04:21 Rapid Progression of the Acquisition 05:20 Benefits for Customers 07:13 Importance of Workflow and Inventory Management 08:13 Implementations to Improve Current Processes 09:39 Managing Inventory and Analytics 11:04 Managing Sales Teams and Incentive Programs 12:29 Challenges of Managing Inventory 13:57 Segmentation of Inventory and Managing Different Equipment Types 15:23 Managing Sales Teams and Customer Relationships 17:44 Expanding to the Construction Equipment Market 20:09 Investing in Technology and Software 22:37 Improving Sales Team Management with CRM 24:06 Enhancing Customer Experience with Data and Information 25:06 Providing ROI Information to Customers 27:31 Investments in Implementation and Customer Success 28:58 Continued Growth and Improvement 30:26 Conclusion and Contact Information Click To Watch: https://youtu.be/oDzqIHG2Yc8 Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #413 Presented By Axon Tire An Outlook for 2024 With John Kennedy Summary In this episode, Casey Seymour interviews John Kennedy from Axon Tire. They discuss various topics related to the agriculture equipment market, including the cotton market, struggles in the small equipment market, the impact of interest rates, supply chain challenges, and the Outlook for 2024. They also talk about the effects of COVID-19 on the industry and the importance of tire supply. The conversation provides insights into the equipment market's current state and the challenges farmers and dealerships face. Takeaways -The cotton market has been affected by drought, leading to a challenging year for farmers. -The small equipment market is struggling due to a lack of discretionary spending and the impact of drought. -Interest rates are a significant factor affecting equipment sales, with high rates making it difficult for farmers to afford new machines. -Supply chain challenges have affected equipment availability, particularly in the large ag market. -The replacement tire market is expected to grow as farmers keep their used equipment longer. -Uncertainty is a common sentiment among farmers, with many cautious about making new equipment purchases. -Steel prices and tire supply have stabilized, but the overall market remains uncertain. -The equipment business is evolving, shifting towards upgrade kits and focusing on reconditioning used machines. -The Outlook for 2024 is uncertain, with factors like interest rates and supply chain issues impacting the market. Chapters 00:44 Cotton Market and Drought 02:00 Struggles in the Small Equipment Market 03:00 Impact of Interest Rates on the Equipment Market 05:51 Supply Chain Challenges 07:23 Replacement Tire Market 09:42 Uncertainty in the Agriculture Market 10:39 Tire Supply and Steel Prices 12:48 Effects of Interest Rates on Equipment Sales 15:17 Changes in Equipment Dealerships 17:44 Evolution of the Equipment Business 19:49 Outlook for 2024 20:46 Christmas Plans 21:38 Closing Remarks Click To Watch: https://youtu.be/4fyVLcbEScE Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #412 Rich's Reaction To The Fed's News Summary In this episode, Casey Seymour and Richard Posson discuss the recent announcement by the Federal Reserve to hold interest rates steady and potentially lower them in the future. They analyze the market's response and predict the stock market's performance in the coming years. They also discuss the role of interest rates and the potential for a correction in 2026. They emphasize the importance of considering the psychology of market reactions and the impact of bearish news in a bull market. The episode concludes with information on where to find Richard's podcast. Chapters 01:33 The Fed's Unexpected Announcement 03:47 The Market's Response 04:36 Predictions for the Stock Market 05:41 Assessing the Economy and Stock Market in 2022 06:41 The Role of Interest Rates 07:27 The Stock Market's Independence from Interest Rates 09:38 The Stock Market's Performance in 2023 010:58 Digging Out of the Stock Market Hole 12:52 The Outlook for 2024 and 2025 15:43 Getting Back on Track 16:49 Potential Correction in 2026 17:32 The Fed's Rate Cuts in 2023 19:33 The Market's Reaction to the Fed's Announcement 20:42 The Psychology of Market Reactions 22:41 Market Reaction in the First Quarter of 2023 24:06 The Impact of Bearish News in a Bull Market 24:51 Where to Find Rich's Podcast 25:37 Closing Remarks Click To Watch: https://youtu.be/tTcdZZMg6ZE Presented By @AxonTire @TractorZoom @AgDirect @FarmCredit @ValleyTransInc @Anvil_AppWorks @IronSolutions Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #411 Presetned By Valley Transportation Inc. Tis the Season Summary In this episode, Casey Seymour talks with Brad and Parker from Valley Transportation about various topics related to the transportation industry. They discuss the upcoming Christmas party, holiday travel restrictions, road construction, and concerns for 2024, including interest rates and equipment sales, fuel prices, and the impact of speculative money on the market. They also touch on the challenges of working with bankrupt brokerage firms, identifying reliable brokers, truck availability and backlogs, used truck values, and the most hauled equipment, tractors. The episode concludes with closing remarks and well wishes for the holiday season. Chapters 0:00 Introduction 01:06 Holiday Travel Restrictions 02:11 Road Construction and Holiday Traffic 03:08 Concerns for 2024: Interest Rates and Equipment Sales 04:21 Fuel Prices and Interest Rates 05:08 Speculative Money and Market Reactions 06:31 Positive Outlook for Hiring Drivers 07:18 Increase in Orders and Load Count 08:02 Issues with Bankrupt Brokerage Firms 10:15 Identifying Reliable Brokers 11:43 Truck Availability and Backlogs 13:36 Truck Dealerships and Used Truck Values 15:37 Used Truck Values and New Truck Sales 18:00 Most Hauled Equipment: Tractors 19:45 Challenges of Hauling Large Equipment 20:28 Closing Remarks Click To Watch: https://youtu.be/OZdJ7DXdOBg Presented By @AxonTire @TractorZoom @AgDirect @FarmCredit @ValleyTransInc @Anvil_AppWorks @IronSolutions Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #410 - Boots on the Ground With Shawn Skaggs Summary In this episode, Casey Seymour interviews Sean Skaggs, CEO of Parallel Ag, about companies' mergers and the marketplace's current state. They discuss the challenges and benefits of expanding equipment distribution, the impact of regional differences on operations, and the importance of economies of scale and technology. They also explore the transition in the used equipment market and the potential market shift in 2024. Additionally, they touch on the solidification of buying groups, the generational crossroads in farming, and the focus on inventory controls and culture in preparation for the future. Takeaways 1. The merger of companies can provide opportunities for growth and access to more resources. 2. Economies of scale and technology can improve efficiency and customer service. 3. The used equipment market is experiencing a transition, and inventory management is crucial. 4. Regional differences and market changes can impact buying groups and trade cycles. 5. Consolidation and transition in farming present challenges and opportunities for growth. Chapters 01:33 Introduction and Background 02:09 Merger of Companies 04:46 Formation of Parallel Ag 06:04 Expanding Equipment Distribution 07:36 Challenges of Regional Differences 08:50 Economies of Scale and Technology 09:43 Benefits of Scale and Opportunity 13:10 Transition in the Used Equipment Market 14:24 Inventory Issues and Market Shift 16:08 Market Change and Trade Cycles 17:52 Solidification of Buying Groups 19:47 Generational Crossroads in Farming 21:07 Consolidation and Transition in Farming 25:18 Focus on Inventory Controls and Culture 26:54 Closing Remarks Click To Watch: https://youtu.be/Bb7FUltEfag Presented By @AxonTire @TractorZoom @AgDirect @FarmCredit @ValleyTransInc @Anvil_AppWorks @IronSolutions Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP Markets with Shawn Hackett - The Dollar Falls On Fed News Summary In this episode, Shawn Hackett discusses the current weather conditions and forecasts for the winter season. He advises listeners to take advantage of the temporary overreaction in energy markets due to the warm start to the North American winter. Shawn also addresses a listener's question about magnetic pole shifting and its potential impact on grain production. He explains the concept of pole shift and its long-term cycle. Additionally, Shawn discusses the Federal Reserve's monetary strategy and its implications for the dollar and exports. He concludes by providing insights into the crop situation in Brazil and the potential for frost and freeze events in the Midwest. Takeaways 1. Locking in physical energy is wise due to the temporary overreaction in energy markets caused by the warm start to the North American winter. 2. Magnetic pole shifting occurs in a long-term cycle and is not expected to happen in our lifetime. 3. The Federal Reserve will likely lower interest rates, weakening the dollar and potential commodity-led inflation. 4. The corn crop in Brazil is expected to be negatively impacted by hot and dry weather, while soybean production may be more resilient. 5. Farmers should consider spreading their planting to mitigate the risk of a potential hard freeze in May. Chapters 01:33 Introduction and Weather Forecast 02:33 Opportunity to Lock in Physical Energy 03:50 Volatility in Natural Gas Market 05:00 Listener Question on Magnetic Pole Shifting 06:01 Pole Shift and Impact on Grain Production 08:55 Magnetic North Pole Movement 10:06 Impact of Magnetic North Pole Movement on Weather 11:52 Sudden Stratospheric Warming Event 15:04 Winter Weather Outlook 16:19 Gleisberg Cycle and Future Climate Patterns 21:50 Federal Reserve's Monetary Strategy 22:61 Impact of Fed's Strategy on the Dollar and Exports 27:19 Fed's Plan to Lower Interest Rates 33:25 Crop Situation in Brazil 36:56 Potential Impact of Frost and Freeze Events 39:40 Recommendation for Planting Strategy 40:58 Unofficial Official Whiskey of the Moving Iron Podcast @RollingIronWhiskey 41:24 Contact Information Unofficial Official Whiskey of the Moving Iron Podcast @RollingIronWhiskey Click to watch: https://youtu.be/NbYjGUfzhF8 Presented By @AxonTire @TractorZoom @AgDirect @FarmCredit @ValleyTransInc @Anvil_AppWorks @IronSolutions Music By: @TalbottBrothers Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
MIP #410 - How Do You Fund Subscriptions With Alan Hoskins Contact Alan @ Phone: 618-926-0463 ahoskins@americanfarmmortgage.com Summary In this episode, Casey Seymour and Alan Hoskins discuss the impact of subscription-based models and technology on the agriculture industry. They explore the breakeven point, the environmental impact of technology, and the challenges and considerations for lenders in financing equipment and technology. They also discuss the future of equipment financing and the potential shift in business models. Additionally, they touch on the importance of using data and technology to build relationships with landlords. Overall, they have an optimistic outlook for 2024 and emphasize the value of understanding and leveraging technology in the industry. Takeaways 1. Subscription-based models and technology are increasingly important in the agriculture industry. 2. Lenders need to understand technology's breakeven point and environmental impact when financing equipment. The future of equipment financing may involve separating equipment and technology financing. 3. Technology and data can be used to build relationships with landlords and demonstrate value. 4. Understanding and leveraging technology is crucial for success in the agriculture industry. Chapters 01:33 Introduction and Background 02:39 Subscription-based Model in Agriculture 04:33 Lender's Perspective on Subscription-based Model 05:49 Breakeven Point and Environmental Impact 07:00 Understanding the Value of Technology in Equipment 08:04 The Future of Equipment Financing 10:10 Separating Equipment and Technology Financing 11:08 Ownership of Technology and Collateral 12:27 Technology Fee and Financing Operating Lines 13:59 Impact of Technology on Lending and Business Models 19:50 Impact of Technology on Land Rental Agreements 22:03 Outlook for 2024 27:35 Using Technology to Build Landlord Relationships 29:33 Trend of Upfront Cash Rent Payments 32:39 Creating Value with Data and Technology 33:38 Contact Information and Conclusion Click To Watch: https://youtu.be/DeddTQbTL7g Presented By @AxonTire @TractorZoom @AgDirect @FarmCredit @ValleyTransInc @Anvil_AppWorks @IronSolutions Music By: @TalbottBrothers Co-host: Aaron Fintel @Aaronfintel Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com
