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Economic Sustainability: Financial Field-Talk

3rd in a Series on LSP's Soil Health Hubs

By Brian DeVore
October 14, 2025

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On a misty June morning in northeastern Iowa, Nikki Meyer led half-a-dozen farmers down a field road through a thick stand of oaks and other hardwoods. The going was tough — the road dropped 400 vertical feet in less than half-a-mile, and a half-inch rain earlier had made the footing greasy with mud. Sensing that this was turning into a less-than-pleasant stroll, Meyer reassured the hikers that the trip would be worth it.

“I promise it’s beautiful down here,” she said at one point, gesturing further down the road.

During an LSP Soil Health Hub meeting this summer, Nikki Meyer led a discussion about the financial ramifications of buying farmland (pictured) she currently rents for grazing. “I can’t cash flow it, but never say never,” she said.

 

She delivered on that promise — the journey ended in a grass-covered valley split up the middle by a small stream and bordered by more trees. A yellow warbler, a song sparrow, and blue-gray gnatcatcher were singing. As if on cue, an eagle lifted itself from a massive nest on one side of the valley and soared overhead. But Meyer didn’t bring these beef, sheep, dairy, and crop farmers down to this piece of paradise just to admire the view. She’s currently renting the pasture in this valley as part of her adaptive rotational grazing enterprise, which supports a 50-head cow-calf herd. The land is adjacent to the roughly 200 acres she and her husband, Cody, own and raise corn and soybeans on, along with the cattle. She’d like to buy this parcel or at least part of it — it’s 150 acres in total — but the owner is asking over $8,000 per acre for it, and she’s having difficulty figuring out how to justify such an investment.

“I can’t cash flow it, but never say never,” Meyer, who is 32, said to the gathered farmers. “So how do I own this?”

That question sparked an impromptu, and energetic, discussion about various ways to make purchasing a piece of land like this pencil out financially. This kind of in-the-field give-and-take was exactly one of the reasons the Land Stewardship Project facilitated a series of Soil Health Hub meetings on farms across southeastern Minnesota and northeastern Iowa this past summer. These were not open-to-the-public field days. Rather, these were opportunities for livestock and crop producers to take part in the kind of peer-to-peer learning required to step out of the mainstream and build a farming system based on living, biologically rich soil. These meetings involved building a level of trust so that folks are comfortable sharing failures and doubts, as well as successes.

Hence Nikki’s willingness to share her reservations about what role this rented land should play in the future of her family’s farming enterprise.

For soil health practices to be truly sustainable, they must be economically viable, environmentally beneficial, and socially supported. As the first blog in this series illustrates, LSP’s Soil Health Hubs attempt to provide a way for farmers to fortify these three “legs of the stool.” The second blog in this series described how without the social component of the stool solidly in place, the other two legs have little chance of remaining balanced long-term.

But farming is a business and in order for it to be viable, it has to cash flow. That’s why the vast majority of the discussion that took place during this summer’s Soil Health Hub gatherings focused on the economic leg of the stool. This third blog in the series provides a glimpse at how sometimes one needs to step away from the spreadsheets and number crunching and glean a little perspective from other farmers, literally while standing in the field.

Talking Numbers

In the case of Nikki Meyers, the farmers gathered for her Hub meeting responded to her question by throwing out various ideas for making purchased land cash flow. Nikki said that like many farmers this year, they are finding corn and soybeans to be a financial “bust” — it’s costing them more to raise the crops than they receive at the elevator. And she doesn’t like how annual row crops have the potential to leave this rugged Driftless Region land environmentally vulnerable.

“I don’t like erosion,” Nikki said more than once during the meeting.

The pros and cons of leasing land out for hunting, logging some of the timber, and perhaps selling off the cow herd and leasing the pastures out for custom grazing were discussed. Of course, continuing to rent the land is also an option. During a July Hub meeting Eric Klaes hosted in northern Iowa’s Floyd County, the beef producer described the good, long-term relationship he has with a landowner who is thrilled to see cattle grazing on land that was once a monoculture of corn and soybeans along the Wapsipinicon River.

Inevitably, the discussion at all of the Hub meetings LSP facilitated this summer circled back to how to make soil-building practices pay off in the marketplace. Meyer currently raises calves for the conventional feeder cattle market. Due to shrunken herds, prices farmers and ranchers are receiving for their animals have reached record highs recently. However, raising beef cattle on grass takes a significant amount of time and managerial skill, and farmers pursuing this method of production often feel the conventional marketplace doesn’t compensate them fairly for the extra effort. And livestock markets can be infamously fickle and cyclical, especially given the packer consolidation that’s taken over the industry in recent decades.

In fact, one component of LSP’s Soil Health Hub meetings was for participants to go around and share “thorns” and “buds” in their lives at the moment. Invariably, marketing was a thorn in the side of the majority of the participating farmers.

“The missing link we all desire is just being paid on quality,” said northeastern Iowa livestock producer Ross Kurash during a Hub meeting.

One strategy is to capture value by direct-marketing grass-fed livestock to consumers who value regeneratively produced animal products. In fact, some farmers involved in the Hubs are doing that with good success. During a Hub meeting they hosted on their Winona County, Minn., farm in August, crop and cattle producers Mike and Jennifer Rupprecht talked about the directly-marketed beef business they’ve built up via word-of-mouth over the past few decades. Mike conceded that it’s tempting to sell into the red-hot conventional system these days, but it’s inevitable that it will eventually cycle downward and they don’t want to abandon their buyers for short term gain when those eaters have provided so much long-term loyalty.

“Our customers have been so good to us,” he said while standing next to a paddock full of grazing Red Devon cattle.

Nikki, who runs a seed business, said she sees direct-marketing as another fulltime endeavor, something she’s not up for right now. “Is it worth it, guys?” she asked the group gathered in the valley pasture when the topic of direct-marketing came up. “I love raising cattle — I don’t like marketing them.”

“It is a job, and it sounds like you have one,” said Kurash, who markets his cattle straight to eaters as well as via conventional channels. Hub members also discussed the idea of using third-party marketers to handle sales, the difficulty of reaching consumers willing to pay for quality, and whether the current boom in the conventional beef market was peaking.

Eric Heins, a Winona County farmer who both direct markets his own beef cattle and custom grazes other farmers’ animals, said during a field day he hosted later in June that no matter which path is chosen, it’s key to crunch the numbers and make sure one isn’t pouring all that sweat equity into a black hole of constant work and little return on investment.

“We as farmers are horrible at paying ourselves,” said Heins, who was trained as an accountant.

Markets related to livestock weren’t the only topic of discussion during the Soil Hub season. As was described in a previous blog, Reed and Denise Duncan, who farm hilly land outside Zumbro Falls in southeastern Minnesota, used their Hub meeting to gather input on how to make a diversified cropping mix of corn, soybeans, and oats, along with the experimental perennial grain, Kernza, pay, all while integrating livestock into the rotation.

We’re Not Alone

Too many farmers have experienced the limited results of knowledge being handed down from land grant extension educators, input suppliers, and other “experts” representing certain views of how farming should be done. What became clear during the 2025 Soil Health Hub gatherings is that no matter what enterprise or technique is being considered, there is no one silver bullet for making a farm profitable. For example, during the July gathering at Eric Klaes’s farm, a couple of farmers made it clear they were offering their host “thoughts” rather than “advice.” This flexible approach is particularly important when trying to build a balanced three-legged stool.

Maybe selling the herd and grazing someone else’s animals makes sense economically. Or perhaps tearing out the fences and going full-bore into row crop production during a year when corn prices are making bank is the way to go. But inevitably, someone else has been there and done that, or at the least has considered doing what you’re thinking about. A little perspective can be worth a lot.

At the outset of her Hub meeting, Nikki Meyer made it clear that one question was top on her mind, and that’s why she welcomed other farmer’s thoughts. “How do we make this farmland as profitable as possible?” she asked. But issues like quality of life are also important to her and Cody. He recently left a town job as a mechanic so he could spend more time on the farm and with the family (he and Nikki have two small children). “I want to enjoy the family,” said Nikki. “And I want to enjoy my 32nd year.”

As the growing season wound down by mid-October, Meyer was still contemplating that June discussion she hosted at the bottom of that muddy field road.

“Over lunch, I was just rolling it through my brain again whether we could buy all or some of that land,” she said over the telephone, adding that over the summer she connected with other farmers who had had experience with money-making enterprises like leased hunting. She still may not be any closer to making a final decision, but in the end feels a little bit better knowing this isn’t a debate she has to have solely in her own head.

“It was fun to see it was a common struggle for everybody and that I don’t have to think about it alone.”

Brian DeVore is LSP’s managing editor. You can read the first installment in this series here, the second installment here, and the fourth installment here. For more information on the Soil Health Hubs, contact LSP’s Alex Romano, Shea-Lynn Ramthun, or Sarah Wescott. For more on LSP’s Soil Builders’ Network, click here.

Category: Blog
Tags: adaptive rotational grazing • farmland access • livestock marketing • livestock production • LSP Soil Builders' Network • LSP Soil Health Hubs • regenerative grazing • soil health

Upcoming Events

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January 2026

Thursday January 22 – Saturday January 24

GrassWorks Grazing Conference
Thursday January 22 – Saturday January 24
GrassWorks Grazing Conference
La Crosse Center, 300 Harborview Plaza, La Crosse, WI 54601, USA

The 34th Annual GrassWorks Grazing Conference will take place Jan. 22–24 at the La Crosse Center in La Crosse, Wis.

The 2026 conference will be centered on the theme: “Pastures to Prosperity: Building financially smart grazing systems for today’s land stewards.” This year’s focus highlights practical, innovative, and profitable approaches to grass-based livestock production, equipping farmers with tools to strengthen both environmental and economic sustainability.

GrassWorks is excited to welcome two nationally recognized keynote speakers:

  • Melinda Sims, Wyoming cattle rancher and Ranching for Profit instructor, known for her expertise in financial decision-making and resilient ranch business models.
  • Dwayne Estes, Executive Director of the Southeastern Grasslands Institute, a leading voice in grassland restoration, regenerative grazing, and agricultural landscape resilience.

Conference highlights include:

  • More than 60 expert speakers from across the grazing and agricultural sectors
  • Over 45 industry exhibitors featuring the latest in grazing tools, technology, and services.
  • Workshops for beginning, expanding, and experienced graziers
  • Panel discussions on farm profitability, land stewardship, and long-term business resilience.
  • Robust networking opportunities with farmers, technical service providers, and industry partners.

The GrassWorks Grazing Conference draws farmers, agricultural professionals, educators, and conservation partners from across the Midwest and beyond. Attendees can expect practical education, actionable strategies, and meaningful connections.

Registration information can be found at https://grassworks.org/events/grazing-conference.

Tuesday January 27

9:00 am – 3:00 pm
'Beyond Exports: Rebuilding Local Markets' LSP Soil Health Workshop
Tuesday January 27
9:00 am – 3:00 pm
'Beyond Exports: Rebuilding Local Markets' LSP Soil Health Workshop
Rochester International Event Center, 7333 Airport View Dr SW, Rochester, MN 55902, USA

On Tuesday, January 27 join Land Stewardship Project for our signature winter workshop. This year’s theme is “Beyond Exports: Rebuilding Local Markets”.

The workshop will be held from 9am to 3pm at the Rochester International Event Center (73333 Airport View Dr SW, Rochester, MN 55902).  Our featured keynote speaker is Martin Larsen, a farmer who is a founding member of the “Oat Mafia” in south-central Minnesota.  In the morning session, Martin will highlight the challenges and opportunities facing all farmers as they look beyond export load-out at the elevator and instead look to recreate the local markets that once served our farmers and consumers.  He will share his journey establishing food grade oats and founding the “oat mafia” and the agronomic, economic, and market impacts it has made for his farm.

After the keynote, attendees will have the option to choose two of three breakout sessions with local experts:

Session 1: Economics of Diversifying Your Rotations
Session 2: Marketing Your Alternative Crops
Session 3: Derisking Diversifying Your Rotations

Breakfast and a catered lunch will be provided.  

For details and to register, click here.
 
You may also contact event organizer Shea-Lynn Ramthun at 651-301-1897 or slramthun@landstewardshipproject.org. 

5:30 pm – 8:00 pm
LSP Farm Transition Planning Course
Tuesday January 27
5:30 pm – 8:00 pm
LSP Farm Transition Planning Course
Zoom Online

The Land Stewardship Project’s long-running course for farmers and other landowners looking to transition their agricultural operations to the next generation is expanding into South Dakota in 2026. The Land Stewardship Project (LSP) Winter Farm Transition Planning Course, which enters its 10th session in 2026, provides a holistic opportunity to dig into important topics and learn from experienced farmers and professionals about the options that farmers and landowners have when looking to pass their farm on.

The standard Zoom online LSP course will be held on seven Tuesday evenings starting on January 27 and running through March 10. The sessions build on one another, so attendance at all sessions ensures the greatest understanding and planning opportunities. The course fee is $250 per family, and registration is open through Jan. 9 at https://landstewardshipproject.org/transition2026.

New this year is an expanded course offering for South Dakota attendees as part of a partnership LSP has formed with Dakota Rural Action and Rural Revival.

The South Dakota course, led by Dakota Rural Action and Rural Revival and using the LSP curriculum, includes seven weekly in-person sessions, with a full-day Saturday kick-off session, and another full-day session to close the training. Sessions two through six will take place on Tuesday evenings for two-and-a-half hours. The dates are: Jan. 31, Feb. 3, Feb. 10,  Feb. 17, Feb. 24, March 3 and March 14. As with the fully online course, the course fee is $250 per family, and the registration deadline is Jan. 9. To register for the South Dakota course, visit https://qrco.de/farmtransitions2026.

Presenters at both workshops will include other area farmers who are implementing farm transition plans, as well as professionals representing the legal and financial fields as they relate to agricultural businesses. Workshop participants will have an opportunity to begin engaging in the planning process as well as to learn about resources for continuing the process after the workshop has ended.

Friday January 30

9:00 am – 10:00 am
'Fridays with a Forester' Webinars
Friday January 30
9:00 am – 10:00 am
'Fridays with a Forester' Webinars
Recurs weekly
Zoom online

Join Extension foresters to discuss some of the key issues and questions around forest and woodlands facing Minnesota land stewards. These online sessions will be very informal, open to the public, and free of charge. Each session will start with a brief presentation followed by a discussion framed around participant questions on the topic. 
 

  • January 30: Life, death, and dinner in the forest canopy: a review of the spruce budworm and its predators – Jessica RootesFebruary 13: Stewardship strategies for resilient forests – Anna Stockstad 
  •  February 20: ParSci summary from 2025 and what’s coming in 2026 – Angela Gupta & Hana Kim 
  • February 27: Climate Ready Trees for Windbreaks and Silvopasture – Gary Wyatt, Angie Gupta and Kira Pollack 
  • March 20: Disturbance and Woodland Stewardship – Eli Sagor 
  • March 27: Recognizing, Preventing, and Managing Oak Wilt – Grace Haynes 
  • April 10: Management Considerations to Enhance Forest Habitat for Birds – Peter DieserA
  • April 17: Get Ready for Tree Seed Collection in Spring (Scouting & ParSci) – Kira Pollack
  • April 24: Growing and selling wood: Production forestry on private lands. – Eli Sagor, Extension Educator or Lane Moser, SFEC. Informal panel discussing production forestry and selling wood on private lands with Dave Nolle (MLEP), a consulting forester, and an industry forester.

To sign-up for these Zoom sessions, register at this link.

Recordings from all webinars over the years are available on this YouTube page.

5:00 pm – 4:00 pm
Multi-Generational Farm Transition Retreat: Red Wing
Friday January 30
5:00 pm – 4:00 pm
Multi-Generational Farm Transition Retreat: Red Wing
Pier 55 Red Wing Area Seniors, 240 Harrison St #2, Red Wing, MN 55066, USA

Join U of M Extension for hands-on planning and discussion on farm transition for the whole farm family. All generations actively involved in the farm should attend the retreat together, including spouses, partners and other relevant parties.

The farm transition program helps farm families dive deeper into conversations about:

  • Family and business goals
  • Job responsibilities
  • Financial needs of farms and families
  • Inheritance considerations
  • Mechanisms of transfer

For details and to register, click here. 

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  • Tell Congress Farmers Need Real Relief & Real Solutions January 18, 2026
  • LSP Stands With Immigrant Neighbors in Rural Minnesota  January 12, 2026
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