SEGMENT: FARM BUSINESS & FARM BUREAU
Paul Shuman>LPL Interviews N-Z>LPL Interviews K-Z, Segment 10
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- FARM BUSINESS
- Mr. Shuman reflects on biggest change in farm life, noting that management skills are most important. Advice - get your education. Also need good financing, friendly banker, or rich family due to costs of modern farming. Gives cost ($154,000) of soil testing & fertilizer application for 1700 acres as example for need for financing. Nitrogen, seed, fuel & other necessities to run farm have gone up considerably. Discussion of marketing farm commodities, financial consulting industry, & various bull markets. Comments on corn & soybeans following crude oil market.
- FARM BUREAU
- Mr. Shuman discusses how & why he got involved in the Farm Bureau, including his education, father's influence. Started in farm organizations with Farm Supply Company in mid-1960's. This led to serving on several other boards. Served as County Farm Bureau President. Notes importance of knowing people already involved in farm organizations. Ran for district Farm Bureau Director.
