MIP Markets with Shawn Hackett The Past Is Repeating in Brazil and India is Clamping Down Summary In this episode, Casey Seymour interviews Sean Hackett from Hackett Financial. They discuss the USDA stock report, the comparison of Brazil crops, and the vegetative health in Brazil. They also discuss India's crop situation, export restrictions, and potential food crises. They touch on China's demand for feed and the possibility of commodity inflation in 2024. They also discuss the impact of trendline yields and the uncertainty in the upcoming presidential election. Takeaways - The USDA stock report is not expected to be a market-moving event, with Brazil's weather being the most critical factor to watch. - The vegetative health of crops in Brazil is comparable to the 2015-2016 timeframe, but there are concerns about the declining trend and the poor health of crops in certain regions. - India faces challenges in its crop production, with potential disruptions in ethanol production and limits on rice and wheat exports. - India may become a permanent agricultural product importer, significantly affecting global supply and demand. - The upcoming presidential election in the US is surrounded by uncertainty, with potential scenarios that could impact the agricultural industry. Chapters 1:33 Introduction 1:52 USDA Stock Report 03:17 Comparison of Brazil Crops 05:39 Vegetative Health in Brazil 08:54 India's Crop Situation 11:02 India's Export Restrictions 14:09 Potential Food Crisis in India 17:03 China's Demand for Feed 18:30 Commodity Inflation in 2024 18:08 Impact of Trendline Yields 24:34 Uncertainty in the Presidential Election 27:47 Possible Scenarios in the Election 28:55 Contact Information 29:24 Closing Click To Listen: https://on.soundcloud.com/jnFEr Click To Watch: https://youtu.be/kNtWnbkACks 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

MIP #408 Presented By Tractor Zoom - Easing Into 2024 With Andy Campbell Summary In this episode, Casey Seymour and Andy Campbell discuss the current state of the agricultural equipment market and the uncertainties farmers will face in the coming year. They explore the auction market and how equipment values fluctuate across different tractor groups. They also delve into the impact of interest rates on equipment financing and the importance of cash flow in making equipment upgrades. The conversation highlights the significance of tracking trends and regional variations in the equipment market and the role of export markets in managing equipment flow. Overall, the episode provides valuable insights for farmers and dealers navigating the changing landscape of the agricultural equipment industry. Chapters 01:33 Introduction and Market Uncertainty 04:36 The Auction Market and Equipment Values 08:42 Different Tractor Groups and Their Values 14:26 Impact of Interest Rates on Equipment Financing 19:32 Cash Flow and Equipment Upgrades 25:13 Tracking Trends and Regional Variations 30:35 Managing Equipment Flow and Export Markets 33:24 Conclusion and Contact Information Click To Listen: https://on.soundcloud.com/u4Se2 Click To Watch: https://youtu.be/IV6GV4FdQ_A Presented By @TractorZoom Music By: @TalbottBrothers Co-host: Aaron Fintel @Aaronfintel Host: Casey Seymour @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com movingironpodcast@movingironpodcast.com

MIP Markets with Shawn Hackett Weather Patterns Set for Major Change in Late December Weather patterns are setting to have a significant change heading into late December or early January. Shawn has been discussing this pattern for the past few months. The Western US will have a warmer, milder winter, while the Central and Eastern US will have a colder, wet winter. This could cause late frost issues for wheat and bring planting. Shawn also answers a question from a listener about 2024 Wheat. Click To Listen: https://on.soundcloud.com/3fzaA Click To Watch: https://youtu.be/qarcrMBu6p0 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

It's Been A Long November November proved to be a hard month for all commodities. From Grains to Proteins, there weren't many bright spots heading into December. Click To Listen: https://on.soundcloud.com/1dZ3r Click To Watch: https://youtu.be/Of-L-8OFM3M 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

Planning for 2024 is a bit of a Conundrum As dealerships look into 2024 and guess what forecasts will look like, many questions present themselves. Using a CRM and looking at effective sales data are the same. Dealers that use this strategy will have success in both sales and used equipment management. Click To Listen: https://on.soundcloud.com/u5eWm Click To Watch: https://youtu.be/FhLHihIrkow 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

MIP #406 Presented by Valley Transportation - Do you have Insurance, and How much Do You Have? Know before you hire a truck what kind of insurance they have and how much coverage they have. Machinery prices have increased by 40% over the last three years. If something happens, make sure you are covered! Click To Listen: https://on.soundcloud.com/f5DZN Click To Watch: https://youtu.be/H2_KJJR5BwU 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

MIP #405 - Presented By Valley Transportation - Brokers Going Broke With the pinch in margins in the trucking industry and rising input, some brokers are going out of business, leaving the trucker and the shipper holding the bag. Ensure you know who you are working with and who they are financially viable. Click To Listen: \https://on.soundcloud.com/Eivn8 Click To Watch: https://youtu.be/NL0NGV0cOQA 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

MIP Markets with Shawn Hackett - Brazilian Weather and the Protein Markets Brazilian weather models are all over the place. One model shows it to wet and the other to dry. Nonetheless, the weather in Brazil has been extreme on both ends. Soybean replants will be an issue and will affect the second crop of corn. The Cattle market is up against the wall and searching for a new bottom. The Pork Market is in a pickle with a new round of African Swine Fever racing across China, but we could see some relief in price in the second quarter of 2024. Click To Listen: https://on.soundcloud.com/SZ2qy Click To Watch: https://youtu.be/IaXf_uvm8rY 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

MIP #401 Stubborn with Andy "Bobcaygeon" Jun Kin Andy Jun Kin stops by the podcast to discuss his new book "Stubborn." Andy's book outlines a path to success between generations and how looking at the Family Farm from "Mine" to "Ours" will change succession and success. Purchase a copy of his book at www.Stubborn.farm, also Get the the audio version of Andy's book is free until Christmas at his website, www.Stubborn.farm. Click To Listen: https://on.soundcloud.com/uDvya Click To Watch: https://youtu.be/VsuJibVU0X8 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

MIP Markets with Shawn Hackett Volcanic Activity and Brazilian Rains Volcanic activity is something that increases as sunspot activity decreases. Although volcanic activity is within the normal range of 40-50 active volcanoes, currently 46, during lower sunspot activity, large, more powerful VEI 6 and higher volcanoes tend to happen. Mount Tamboura in 1815 significantly cooled the earth for two years and created the year known as the year without a summer. Although there is rain in the forecast for Brazil, there isn't much. Temps will be 100+ degrees. These rains will not be the trillion-dollar rains as advertised. Click To Watch: https://youtu.be/sgFA_wDN5Vw Click To Listen: https://on.soundcloud.com/eWqre 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