• The Latest On Agridime News. Plus, Meet This Leading Brahman Cattle Breeder

  • Jul 28 2024
  • Duración: 27 m
  • Podcast

The Latest On Agridime News. Plus, Meet This Leading Brahman Cattle Breeder Por arte de portada

The Latest On Agridime News. Plus, Meet This Leading Brahman Cattle Breeder

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  • EPISODE 195 DETAILS Agridime Update & Circle F Farms Brahman Cattle. Inside Circle F Farms: Elite Brahman Cattle and Family Legacy in Baxley, Georgia The Heart of Circle F Farms - Brahman Cattle Excellence Circle F Farms has established itself as a premier location for Registered Brahman cattle, thanks to the exceptional genetics from V8 Ranch and J.D. Hudgins, Inc. Woody Folsom's dedication to maintaining an elite herd ensures that the farm remains at the forefront of the cattle industry. The careful selection and breeding practices employed at Circle F Farms result in superior cattle, highly sought after by buyers and breeders alike. This commitment to excellence not only enhances the farm's reputation but also contributes significantly to the local agricultural community in Baxley. The Folsom Family Legacy Woody Folsom, along with his wife Tamela and children Tanner and Anna Kate, has turned Circle F Farms into a thriving enterprise. Woody's passion for cattle farming began in his childhood when he assisted his family with their cattle operations. This early exposure instilled in him a deep-seated love for the industry, which he carried into adulthood. His entrepreneurial spirit, which also led to the successful establishment of Woody Folsom Auto Dealerships, has been instrumental in the growth and success of Circle F Farms. The same business acumen, vision, and practical approach that propelled his auto dealerships are now driving the success of the farm. Diversification and Strategic Business Practices At Circle F Farms, the implementation of strategic business practices is evident in their diversified operations. In addition to their elite Brahman herd, the farm raises F-1 heifers from Hereford and Angus bulls, ensuring a broad range of high-quality cattle. This diversification not only meets market demands but also stabilizes the farm's revenue streams. Woody Folsom's hands-on approach and business strategies, honed through his experience in the auto industry, are applied rigorously at Circle F Farms. This meticulous management ensures the farm's sustainability and growth, making it a model for other agricultural enterprises. Circle F Farms embodies the fusion of passion, family legacy, and strategic business acumen. Woody Folsom's journey from a young boy with a dream to a successful entrepreneur and cattle farmer is an inspiring story of dedication and vision. The farm's commitment to excellence in cattle breeding and diversified operations positions it as a leader in the agricultural sector, contributing to the rich tapestry of Baxley's farming community. Latest Cattle Industry News Ponzi Scheme Cattle Company Sale Could Aid Investors According to Jeff Beach with the North Dakota Monitor, A North Dakota investor says the purchase of a financially troubled meat company is progressing with a percentage of the profits being used to pay back investors in the alleged Ponzi scheme over several years. Wylie Bice of Killdeer, who is among those who lost money by investing in Texas-based Agridime, told the North Dakota Monitor that a price has been agreed upon to buy the company. Bice said the offer is reasonable but several steps remain before the deal can close. The court-appointed official overseeing the company said in a July 8 update on Agridime.com that federal law requires three separate appraisals for each parcel of property being sold, “which is not a quick process.” The update did not say a deal has been reached, but when it is, it would be submitted to the court for a 30-day review and objection period before it can close. Bice said the final agreement would likely include a percentage of the profits of the company to be used to pay back investors over a designated period of years. Investors in several states, including a high concentration in North Dakota, lost millions of dollars by investing in Agridime. Agridime bought cattle, had them brought up to market weight at feedlots and processed in retail cuts of meat. The company then direct-marketed the beef through its website. It also sold investments in calves, promising as much as a 30% return on investment without having to do the work of ranching. The Securities and Exchange Commission in December accused the company of operating as a Ponzi scheme by taking money from new investors to pay off previous investors instead of investing that money into cattle. The North Dakota Securities Department said a Killdeer-based sales agent, Taylor Bang, earned $6 million in commissions from illegal cattle investment contracts through Agridime. Bang told the North Dakota Monitor in December that the figure was “way high.” While it is under investigation, a slimmed-down version of the company has continued to operate as American Grazed Beef. Bice said that if the deal is approved, he and his partners would likely keep the American Grazed Beef name. The investments in calves, however, would not be a part of the business plan. Bice, Bang...
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