Landowner and Farm Financial Planning in Fargo, North Dakota
Will your assets withstand the test of time? That is the question we would all like to know.
I offer landowner and farm financial planning in Fargo, North Dakota, to help farmers and agricultural land owners like yourself understand how to maximize the potential of their assets and investments. I work with farmers and families across North Dakota and Minnesota to provide landowner and farm financial analysis and farm connected enterprise planning. But why trust me?
I started my PHD at NDSU and was focusing on markets and risk. I have a passion for evaluating risk and the “what could happen” in the future… What happens when a Black Swan event like Covid in 2020 or the Housing Crisis in 2008 significantly affects your financial plan and portfolio? Most financial planners cannot accurately access these events in their financial plans, and it is almost impossible to quantify their effects on your individual portfolio, but they do happen every 10-15 years. Hindsight is 20-20 but understanding risk and how these events might affect your portfolio is monumental.
At Ag Experts Land & Auction, I’m all about transparency and trust. I take a client-focused approach to my work because I’ve been in your shoes. I’m not here to tell you to sell all 6 quarters you might own and take the $5,000,000 of proceeds and invest in something completely different so I can make the biggest commission. Your farmland investment got you to where you are today… so why do something completely different and take that risk? Maybe sell 1 or 2 quarters and buy a place in AZ or TX freeing up some capital so you can enjoy your life because you worked hard and were able to accumulate a nest egg.
The biggest mistake I see people make is thinking they are selling at the top of the market and it is time to get out before the market drops. If you would have told my dad when he was a kid a 5 cent Coca-Cola would cost $3.50 today, he and everyone else would have thought you are nuts. Inflation is real and it affects asset values over time and prices go up and up. In 20 years maybe a Coca-Cola will cost $10-$15. Seems crazy, but if we look at the linear progression of the cost of a Coca-Cola over 60 years it is realistic.
The key is to be diversified… have eggs in 3-4 baskets not all your eggs in one basket. Having all your eggs in farmland might not be the best investment advice either going forward. It is all about quantifying risk, so come up with a financial plan and diversify.
Through landowner and family farm financial planning in Fargo, North Dakota and the surrounding area, I can help you nail down how much you are truly spending each month and help you figure out if you are spending within your means. The reality is when we put it on paper most of us a spending way more than we think, myself included. If you’re interested in getting the most out of your assets and investments, reach out today to set up a consultation. I look forward to working with you!