Kenny Miller

Ag Banker
Miller Farms

[RedditCFB @RedditCFB]

Happy 8-4 to all Aggies who celebrate. 👍

[Kenny Miller @MilllerKenny]

@steveconaway1 @gwiesefarms Very well put, we see our competing community banks step back from ag particularly due to
1. Lenders or even management with lack of knowledge/understand of agriculture lending
2. Regulators. banks go to bat multiple times a year for customers without mention.

[Kenny Miller @MilllerKenny]

@gwiesefarms What percentage of “retirement auctions” do you believe to ultimately be forced retirements due to banks/creditors?

[Kenny Miller @MilllerKenny]

@steveconaway1 @gwiesefarms Same with a backhoe.

[Kenny Miller @MilllerKenny]

@FarmerTheta Many banks terms are defined as “lesser of LTC OR LTV”. So if purchase price is $7,500 an acre but appraisal is $10,000 an acre, you have to still put down the +/-20% on $7,500. Exceptions are made occasionally on strong credits or established relationships

[Kenny Miller @MilllerKenny]

@gwiesefarms Question for you, is there a threshold for how much cash to build up? 1-2 years worth of op costs? That much plus enough for down payment on land purchase opportunity? Lots of ways to think about it. But lots of cash sitting idle as well

[Kenny Miller @MilllerKenny]

@gwiesefarms @CBKimbrell STX Ag Lender here. Our rule of thumb for Debt Service is roughly $50/acre. Fully understand that revenue is higher in northern states. But the high equipment debt service on 1,100 acres of ground is scary.

[Collin Rugg @CollinRugg]

We are so back.

[Kenny Miller @MilllerKenny]

@TheLastField Had a 7400 parked at a field, noticed tire tracks but no visible damage. Tractor fired up but died shortly after. No fuel in the tank, thought they siphoned it out. Started to fill, and fuel poured out . They had drilled a small hole underneath and drained the tank that way.

[Kenny Miller @MilllerKenny]

@JSeimes We’ve always just stuck them in an exhaust of a pick up

[Kenny Miller @MilllerKenny]

@kdubbs_25 @steveconaway1 @FoulkShay From a bankers perspective, financials reported through your schedule C from various entities don’t always paint the full picture. Receiving business financial statements from every entity is sometimes necessary.

[Kenny Miller @MilllerKenny]

@rachel_veenstra We don’t grow tobacco by old crow medicine show

[TexAgs @TexAgs]

Dettmer. Dealt. DIRTY. 😤

#5 Texas A&M eliminates Notre Dame from the 2022 Men's College World Series #GigEm 👍

[Texas A&M University @TAMU]

Sawed off. 👍

[Kenny Miller @MilllerKenny]

@PatrickWadeM @ayye_whites1

[Barstool Texas A&M @BarstoolTexasAM]

One of a kind

[Brian Bledsoe 🐊 @BrianBledsoe]

With the supply chain issues we gotta keep those trucks rollin’ 👊🏻

[Kenny Miller @MilllerKenny]

@ShoemakerNick Could you pm me

[Big Game Boomer @BigGameBoomer]

College Football Tailgating Tiers - Current Season

[Thomas A. Payne @the_realtpayne]

@edgerrincooper1 On behalf of the rest of the SEC, GREAT GAME!! PARTY HARD TONIGHT, Y'all deserve it!