Farming Without the Bank Podcast

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We have a 103 year-old banking problem in the farming industry, and most farmers have become complacent about it. We talk about this problem and how it’s affecting farmers by allowing the bank to have control of the farm and use farmers’ livelihood as collateral. You may never get rid of the bank completely, but you can sure try. The bank should be plan B, not plan A, and you can make that happen. This takes time, but you have to get started. Listen to hear how this banking problem began and what the solution is.

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Farming Without the Bank Podcast

Welcome to the Farming Without the Bank podcast, the show with a no-B.S. approach to money, hosted by a farm strategy expert and authorized IBC practitioner.

Join us as we get real and expose the flaws of traditional financial institutions in order to help farmers take control of their finances, create peace of mind, grow their wealth, and leave a legacy.

https://www.farmingwithoutthebank.com/

When Dave Ramsey told a 20-year-old rancher he made a “huge mistake” buying $100,000 in cattle, we had some thoughts. Spoiler: Dave doesn’t understand agriculture, leverage, or infinite banking.

👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book/

In this fiery episode #324 of Farming Without the Bank, Mary Jo Irmen and John dive deep into a recent Dave Ramsey clip that went viral — a 20-year-old caller buys $100K in cattle, and Dave loses it.

Mary Jo and John break down why the young man’s decision wasn’t reckless at all; it was smart business. They explain how proper use of leverage, cash flow, and infinite banking can make or break a farm or ranch operation.

If you’ve ever been told “debt is evil” or “cash only is the way,” this episode will challenge everything you thought you knew about farm finance.

💡 Key Takeaways: ◦ Why Dave Ramsey’s blanket financial advice doesn’t work for farmers or ranchers ◦ The truth about using leverage in agriculture ◦ How infinite banking can replace CDs and traditional loans ◦ Why business owners must understand cash flow, not just “debt-free living” ◦ How to use banks strategically — not avoid them completely

⏱️ Chapters: 00:00 – The problem with Dave Ramsey’s cattle advice 03:00 – Why college debt ≠ business investment 06:00 – The $100K cattle example explained 10:00 – Infinite Banking vs. CDs 14:00 – Understanding cash-flowing assets in agriculture 20:00 – The myth of “no debt ever” 24:00 – When to use bank leverage smartly 27:00 – Real-life client success stories 32:00 – Final thoughts: what farmers should really do

💬 Have questions about infinite banking for your farm or ranch? Email Mary Jo: maryjo@withoutthebank.com

Links Mentioned: 📘 Grab the Farming Without the Bank book and start building your own financial system today. https://www.farmingwithoutthebank.com/book/