Growing up on a potato farm in Southeast Idaho, I never imagined my path would lead me to the bustling world of agricultural machinery auctions. Yet, those early days on the farm sowed the seeds of a passion that would guide my career, moving me from the fields of Idaho to the heart of the Midwest auction scene. This episode, join Jim Sabe and his guest, Chris Bair from our Worthing office near Sioux Falls, as we uncover the fascinating journey through the landscapes of North and South Dakota and explore the vibrant life of auctioneering.

What makes live auctions so compelling in our digital age? Chris and I delve into the resurgence of traditional auction events, especially in areas like Eastern North Dakota and South Dakota, where they thrive as lively social gatherings. We’ll reflect on the impacts of extreme weather shifts, the strategic importance of our Sioux Falls facility, and the unique stories behind each auction that bring communities together. Highlighting our dedicated team members, including the ever-energetic Jeff Polk, we discuss how their expertise continues to drive record-breaking results at Pifers, proving the unmatched energy of live auctions.

Finally, we tackle the evolving dynamics between live and online auctions, offering insights into the balance between tradition and innovation. Chris shares exciting upcoming auctions and the community spirit that makes these events truly unique. Whether it's through the personal connections or the thrill of the bidding process, this episode promises a glimpse into the dynamic and ever-evolving world of auctioneering. Join us in celebrating the rich human stories and immense dedication that fuel our passion for auctions.

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Ever wondered how journalism can bridge the gap between agriculture and the everyday world? In our latest episode, we sit down with Mikkel Pates, a seasoned journalist whose career spans over four fascinating decades. Inspired by his father’s work in agricultural communications and his upbringing on a ranch, Mikkel embarked on a journey that led him to chronicle the stories of rural America. From his first role in Worthington, Minnesota, to the playful yet impactful rivalry between SDSU and NDSU, Mikkel shares how these experiences shaped his unique perspective on agriculture journalism.

Explore the intriguing world where faith intersects with business through the story of a Jerusalem artichoke venture in Minnesota. We dive into the complexities of a business that used religious beliefs as a marketing strategy, only to spiral into controversy with its pyramid scheme-like structure. Mikkel sheds light on the motivations and vulnerabilities of those involved, revealing the untold stories behind this faith-based endeavor. His approach to gaining trust and encouraging openness from interviewees offers insights into the human side of journalism that often goes unnoticed.

The episode takes a sharp turn towards the challenges faced in the evolving landscape of agricultural reporting. Mikkel reflects on the transition from traditional media to the digital age, where sensationalism often eclipses the substantive reporting. We journey through pivotal agricultural events like the farm credit crisis of the 1980s and the rise of co-ops in the 1990s, leading to the modern cautionary tale of Hunter Hansen's grain trading fraud. As Mikkel enjoys his retirement, we celebrate his lasting impact while extracting valuable lessons from his storied career.

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What if you could revolutionize cattle management with just a tag? Join us as we uncover the innovations in livestock monitoring with Max Cassette, VP of Business Development at 701 Autonomous Rancher. From his roots on a row crop farm to spearheading the charge at 701X, Max shares his journey and the cutting-edge tech his team is bringing to ranchers. Discover how their GPS ear tags not only track cattle in real-time but also monitor health, offering ranchers a powerful tool to tackle challenges like cattle straying and early disease detection—transforming the age-old practices in the cattle industry.

Max also walks us through the strategic acquisition of Digital Beef and how this integration turbocharges rancher data management. Imagine having registry software seamlessly combined with cow-calf platforms, paving the way for improved genetics, health tracking, and ultimately a better return on investment. The innovative XT Pro GPS ear tags are more than just trackers; they are a game-changer in genetic monitoring and herd health, providing ranchers with a cost-effective solution to boost calf production and reduce losses. It's a testament to how incorporating technology can lead to substantial long-term gains.

The future of ranching is in the hands of those who dare to embrace technology, and Max sheds light on the pivotal role young ranchers play in this transformative era. We explore the valuable collaboration between generations, where technological savvy meets traditional wisdom to conquer rising land and production costs. By leveraging digital tools and software, ranchers are not just surviving but thriving, as evidenced by the success stories from test ranches. With a nod to the past and an eye on the future, Max illustrates how 701X is not just keeping pace with industry demands but setting the standard for modern livestock management.

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Ever wonder how a farmer transitions from the oil fields to pioneering innovations in the barley industry? Join us for an enlightening conversation with Greg Kessel, a North Dakota farmer and state senator, who shares his inspiring journey from the rugged oil landscapes to revolutionizing barley farming with a craft malting facility. Greg opens up about the evolution of the malting barley industry, navigating through challenges, and the innovative practices reshaping agriculture in North Dakota. With roots deeply planted in farming, he is a testament to how family heritage and personal experience can converge into transformative agricultural success.

As we explore another critical dimension of North Dakota, the episode sheds light on the complex terrain of tax reform and workforce challenges. We untangle the intricacies of nearly 60 legislative bills aimed at reforming property taxes, discuss the implications of the failed Measure 4, and examine Governor Burgum's daring proposal to eliminate income tax. We also confront the pressing workforce shortages and housing concerns, while showcasing the pivotal role of Career and Technical Education (CTE) centers in equipping students with vital skills for the technical trades. Discover how these education hubs, particularly in Dickinson, are nurturing the next generation of skilled workers and fortifying community ties.

In the realm of energy, Greg provides insights from his legislative experiences, emphasizing the importance of sustainable growth in energy production and management. We discuss North Dakota's potential to lead in emerging sectors like data centers and cryptocurrency mining, supported by the state's favorable climate and resources. The episode wraps up with a look at the promising future of data centers in the region, highlighting the need for strategic planning to balance infrastructure development with environmental stewardship. And, as a light-hearted finale, we celebrate the generational connections and community spirit with a nod to the upcoming North Dakota Bison championship game.

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The latest episode reflects on the holiday spirit and the exciting transformations coming to Pifers Auction and Realty as they celebrate their 25th anniversary. Maurice and Carolyn Covington discuss skiing experiences, new hosts joining the show, wine trends for the New Year, and invite listener engagement for upcoming topics.

• Discussion of holiday experiences and family bonding
• Pifers celebrates 25 years with various planned events
• Introduction of new hosts for diverse perspectives
• Focus on sparkling wine and affordable alternatives
• Encouragement for listeners to suggest future topics and guests

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Ever wondered how to turn unpredictable weather into a financial advantage? Join me, Jim Sabe, as I sit down with Sheridan Visser, a seasoned crop insurance agent from Farm Credit Services, who brings her expertise from Texas to the challenging terrain of Bowman, North Dakota. Sheridan shares her personal journey of relocating, her impactful career start in 2017, and how she balances life on a cattle ranch with her husband, Austin. This episode promises to unfold the intricate tapestry of rural life, blending elements of community, agriculture, and family.

Discover the powerful role of rainfall insurance as a safety net for ranchers facing the harsh realities of droughts. Sheridan vividly illustrates how historical data transforms skeptical ranchers into believers, showcasing the tangible benefits these policies provide. With insights drawn from her own experiences as a rancher and mother, Sheridan offers a compelling look at how these financial tools can safeguard livelihoods and ensure sustainability in a volatile climate. Learn about the nuances of Pasture, Rangeland, and Forage insurance, and how these evolving policies are tailored to meet the diverse needs of farmers and ranchers across North Dakota.

As we gear up for a bustling year of land auctions and machinery sales, we reflect on Pifer's remarkable 25-year journey. Celebrating with our community, we highlight the importance of quality land and well-maintained equipment in fetching top market prices. This episode isn't just about insurance and auctions; it's a tribute to the resilience and innovation within the agricultural sector. With a heartfelt toast to the festive season, we extend our warmest wishes for a Merry Christmas and a prosperous New Year, looking forward to what 2025 holds for our vibrant community.

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Unlock the secrets of tax-deferral magic with our special guest, Larry O'Callaghan, as we dissect the intricacies of 1031 tax exchanges. Larry, a seasoned real estate expert from Pfeiffer's Auction Realty, demystifies the process, guiding you through how to defer taxes when selling business-purpose real estate. Whether you're swapping farmland for a commercial property or diving into reverse exchanges, Larry explains why it's crucial to consult with CPAs and attorneys for a seamless experience.

Understanding the rules is key, and that's why we walk you through the vital identification regulations, including the three-property, 95%, and 200% rules. Discover the role of a qualified intermediary in preventing taxable mishaps, especially in complex transactions like farmland exchanges. We also untangle the web of reverse 1031 exchanges, shedding light on setting up straw man entities to acquire replacement properties beforehand, all with Larry's seasoned insights.

Lastly, we explore the financial landscape of basis, equity, and exchange alternatives like the Delaware Statutory Trust. By clarifying how basis affects capital gains and the necessity of reinvesting both equity and debt, we aim to equip you with knowledge that could be financially transformative. We also touch on 1033 exchanges for eminent domain-affected properties, emphasizing the flexibility they offer. With Larry’s expertise, you'll come away with a comprehensive understanding of these powerful tax strategies, ready to optimize your financial journey.

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Contact the team at Pifer's

Christian Miller joins us to share his exhilarating hunting stories from the heart of North Dakota and Minnesota. From filling tags with mule deer and white-tailed bucks in Stark County to his first adventure on public land in Minnesota, Christian's experiences capture the essence of camaraderie and challenge that make hunting such a thrilling pursuit. As the hunting season winds down, we also shift our focus to the icy landscapes ahead and the excitement of the upcoming ice fishing season, discussing crucial safety tips to keep you secure on early ice.

The transition to winter brings not only ice fishing but also exciting prospects in the agricultural equipment auction world. Learn from seasoned professionals Troy Gillespie and Troy Dronsrud as they share their expertise on navigating the quieter farming period and gearing up for bustling spring sales. From high-horsepower tractors to custom harvest tales, this episode peeks into the heart of equipment sales and the strategic planning that ensures auctions are both successful and community-centered.

Our journey also explores vibrant outdoor activities in the Upper Midwest, highlighting the rich hunting and fishing scenes that define Otter Tail County, Minnesota. We reflect on the dynamic community spirit that thrives in these regions and the significant impact of live auctions. By fostering connections and offering invaluable insights into both land and equipment sales, we underscore the enduring value of these engaging events. Whether you're captivated by hunting tales, fishing tips, or the intricacies of agricultural auctions, this episode promises to keep you hooked from start to finish.

Follow at www.americalandauctioneer.com and on Instagram & Facebook
Contact the team at Pifer's