Ep. 341 (Coffee Time) A Quick Farm Bill Update and Raising Tax Rates for Out of State Land Owners
Farm bill 2.0 finally cleared committee with a 34-to-17 vote and seven Democrats crossing the aisle — but it's still got a long road ahead. On this episode of Coffee Time, Nicolas, Kent, and Riley break down where things stand, what's likely to stall it in the Senate, and whether the September 2026 deadline actually means anything. Then things get interesting: can Iowa — or any state — legally charge higher property taxes to out-of-state landowners? Nicolas dug into it and came back humbled. The short answer is no, and three constitutional clauses explain exactly why. But Montana just found a creative workaround, and it's worth understanding. The guys also get into the broader farm bill picture — E15, ethanol demand, SNAP politics, and whether rural communities are being represented at all, or if Washington is just fighting for corn.
Check out this episode of the Prairie Farm Podcast to find out more!
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Kent Boucher (00:00.192)
They're working on it.
Riley Rozendaal (00:02.134)
or Alex, you have the...
Nicolas Lirio (00:04.302)
you
Riley Rozendaal (00:08.477)
I'm trying to work pants my family didn't buy me $20 jeans this year, so It's tough times at the Rosendahl household You gotta buy pants it's like buying socks nobody wants to do it How do you always spend 90
Nicolas Lirio (00:18.05)
you
Nicolas Lirio (00:23.63)
$90
Kent Boucher (00:27.15)
It's because he buys toe socks.
Riley Rozendaal (00:29.506)
no, I don't wanna see the toe socks, no. hokas and toes.
Kent Boucher (00:36.014)
I the, why do you have those? Cause you're running your marathon?
Nicolas Lirio (00:42.806)
man, I'm keeping all this in there. Yes, because when you... No, I don't have athlete's foot again. Here's what it is. When you run for like 24 miles, you're running for hours. For me, it's like 20 hours of running.
Kent Boucher (00:47.2)
You have athlete's foot again.
Kent Boucher (00:57.42)
Doesn't athlete's foot kind of presumptuous? Like, I got it because I'm an athlete. know, an athlete's
Nicolas Lirio (01:04.366)
I just haven't showered off like video games for eight days. Yeah. Well, I got it then too, but no, no, I'm just kidding. I just had it one time. It was during soccer season, which is, was, you know,
Kent Boucher (01:14.574)
I do not understand the advantage that toed socks give you other than they take time away from you every day because you got to carefully make sure your toes line up in the right
Nicolas Lirio (01:26.37)
So these are moisture wicking. So the idea is that you like, again, I have long toes. So there's like a deep crevice for moisture to sit in there and rot. And yes, I wash my toes every single time that I shower. But the problem is if you're sitting with your feet wet for five hours, because you're running and they're sweaty that long, that's a lot. But if you have moisture wicking socks.
Riley Rozendaal (01:50.848)
You get some like baby powder on those feet or Dry those dog's ass.
Kent Boucher (01:53.166)
some gold. Just do not. I have never heard of anyone be like, you know what? To solve my problems. Toe socks.
Nicolas Lirio (01:57.047)
I walked in the-
Nicolas Lirio (02:04.082)
Okay, listen listen I went to fairway yesterday and bought some some groceries and I walked back in the house and my wife was doing something in the kitchen I was like, babe, they didn't even know they didn't know how free my dogs were they didn't understand and she's like did you tell him you tell him how free your dogs were because even though they're confined in these tennis shoes they can jiggle around, you know
Riley Rozendaal (02:25.198)
That's not an image anyone needs.
Kent Boucher (02:27.566)
I mean you've done some some interesting life choice things, but this is at the top of the list I just don't see the advantage I see a lot of hassle trying to find toe socks and as you just said while we were off here you spent $90
Nicolas Lirio (02:29.132)
It's...
Nicolas Lirio (02:44.11)
Eight pairs of socks, isn't that bad. I got eight pairs of no, I got seven pairs of socks, which is like $12 a pair. It's not terrible. I mean, there's what is it? The stance.
Riley Rozendaal (02:52.226)
That's pretty bad.
Kent Boucher (02:58.638)
I heard something very sad. So did you know that there used to be a sock manufacturer here in Iowa? I've been here for like, I don't know, like 100 years at least. Really? In Osage, Iowa, Fox River Socks. And I heard that they are relocating to one of the Carolinas. Oh, interesting. There was somebody I met at the Deer Classic who's like, yeah, I'm from Osage, Iowa.
I'm like, that's where Fox River Sox are at. And he's like, well, not anymore. And so like this just happened within the last few years, I believe.
Nicolas Lirio (03:37.728)
Wow. Why did he say why they moved? Because labor wouldn't be cheaper in
Kent Boucher (03:41.326)
I think they got bought out.
Nicolas Lirio (03:44.366)
interesting. they might have gotten what they call like tax poached, where they basically like, you know, basically like wine and dynamic, which is an
Kent Boucher (03:54.626)
They used to make great, I mean they made great work socks and I wondered why I find them anymore. my guess is, yeah, I think the whole, yeah, I think the whole brand got purchased. By the likes of Hades. Now I don't know for sure, but this is just what they were telling me and kind of a disappointment.
Nicolas Lirio (04:00.826)
so the whole brand got bought.
Nicolas Lirio (04:10.311)
Interesting. Are you picky about your brand of socks?
Kent Boucher (04:14.784)
I like darn tough. I like Carhartt socks. They make some really good, like really thick for cold weather socks. And I like Fox River socks. And yeah, that's about it. What about you?
Nicolas Lirio (04:17.035)
I've heard really good things.
Nicolas Lirio (04:36.078)
Thank Riley.
Riley Rozendaal (04:37.006)
I wear whatever socks fit on these dogs. That's about it. If it's not thick enough, put another layer on. That's all she wrote.
Nicolas Lirio (04:45.134)
That's my, my, so for two years now, I've only had two different kinds of socks, long socks that were all the same and same brand and everything. And short socks that were all the same brand and everything because it made matching socks really easy. I, that's my one big pick. Well, now I like, I like the five finger toast. I really do. I like them.
Kent Boucher (04:46.36)
road.
Kent Boucher (05:07.819)
I like are gonna get the matching shoes the five-figure
Riley Rozendaal (05:11.532)
Ultimate support
Nicolas Lirio (05:12.448)
They a giant settlement because their marketing was that it was better for your feet and then it was proven that it was
Kent Boucher (05:17.198)
Which was based on like nothing. Like I don't think they did one study to find out if it was better for you.
Nicolas Lirio (05:20.098)
Yeah, I don't I so I've
Yeah, so I get curious I remember correctly unfortunately for doctors and physical therapists and other professionals Like if I find out that they do that, I'm like, what do you get? What do you think about this trend? I like to ask about trends and All of them I asked the foot thing like hey, is it better to actually not have support under your feet? All of them are like Yeah, no, that's totally a lie
Kent Boucher (05:48.462)
Like the whole grounding, the shoes that you're supposed to, what is it, you're more grounded, the whole touch grass thing or whatever. Xero, isn't that what those are supposed to be?
Nicolas Lirio (05:56.078)
Or there's like just the no support
Nicolas Lirio (06:02.326)
Yeah, and that's cool. You know, I've got family members that are like, but don't you understand the universities that taught them that stuff are paid by the companies who make the shoes, you know? And I'm like, yeah, but they're the doctors I know are the most intelligent people I know. And if Kent and Riley and I can bumble around and figure out that there's companies behind paying for our water propaganda, then they could figure out.
Kent Boucher (06:24.11)
Well, I always when it comes to selecting footwear I always Have basically one question that I have to answer Will I feel vulnerable and these shoes today? And if the answer is no Yeah, yeah like like like if you know am I doing something today that if I were to drop something on my foot My toes would turn to dust then I'm I'm not gonna wear, know my hook of tennis shoes
Nicolas Lirio (06:40.876)
Physically vulnerable
Kent Boucher (06:53.218)
But if it's just like a heavy podcasting day, yeah, I'll throw on the nice comfy, nice comfy tennis. But, you know, like flip-flops always out, never an option for me. it just is, I hate that feeling of, of the strap between my toes and I hate getting sand on my toes. And so when you like wear the only time I can imagine wearing flip-flops.
Nicolas Lirio (07:05.496)
Cause the stuff you do is too tough.
Kent Boucher (07:22.498)
Is that church? It would be like going to the beach or something.
Nicolas Lirio (07:28.494)
about to tell you wear full bloat tennis shoes when you go to the beach.
Kent Boucher (07:32.206)
I wear like slides. okay. And even that I hate. man. I just, ugh. I don't like going to the beach.
Nicolas Lirio (07:39.63)
Do you ever, do you go barefoot like outside in your lawn or anything? Really?
Kent Boucher (07:43.246)
There's nails and stuff out there. don't want to... It's got to answer the question. Will what I'm doing today, will my feet be vulnerable? There's also a minimum too. The answer is never to go barefoot, never to wear flip-flops.
Nicolas Lirio (07:53.23)
So I'm,
Nicolas Lirio (07:58.894)
I'm giving a talk at Upper Mississippi Water Conservation Conference or something, here very shortly, and part of my talk, a little bit in there, is that the Midwest, by some analysis, it's more opinion-based, is one of the least vulnerable cultures ever to exist.
Kent Boucher (08:21.448)
like as far as like letting people in.
Nicolas Lirio (08:24.226)
Yep. More guarded. there's a, there's a lot of different ways to do it. There's different levels, but even getting upset with someone. Hey, look, I won't bother you. You won't bother me. I'll you give me a compliment. I tell you that you're stupid. You know, it's kind of, you know, you get it, but all right, we should, we should just start it.
Kent Boucher (08:29.166)
Steel toe culture.
Nicolas Lirio (08:43.435)
Welcome back to the Prairie Farm podcast, Coffee Time Wednesday. I'm your favorite host, Nicholas Lirio, with favorite co-host, Ken Boucher, and your favorite co-host to the coast, Riley Rosendahl.
Kent Boucher (08:51.203)
Howdy, howdy.
Riley Rozendaal (08:55.33)
I was gonna say howdy howdy, but Ken just took the words right.
Nicolas Lirio (09:00.014)
Same age using the same words. Before we get started, I got a little fun update for you. Have any of you guys heard of this is about toward immunity. All right. If any of you guys ever heard of protecting America initiative.
Kent Boucher (09:17.006)
Is that what the federal government is using to justify the use of the tort immunity for?
Nicolas Lirio (09:28.11)
Kind of, but they're not doing it. They're not directly. Yeah, yeah, kind of kind of. It is basically here. They did a study in Nebraska and Iowa and here are a few of the things or a poll. Sorry, not a study. A 63 in Kansas and 64 % in Iowa agree that the trial lawyers filing massive lawsuits against US crop protectors are doing more to help China than they are to protect the American families. OK, so communists.
Kent Boucher (09:30.574)
company.
Nicolas Lirio (09:56.654)
65 % of Kansas and 66 % in Iowa support state legislation offering legal protection to domestic agricultural manufacturers. That makes sense. Support. Yeah, yeah. Interesting. Two thirds of GOP primary voters in Iowa and Kansas say that they would be more likely to support a candidate who voted to provide legal protection for American agricultural suppliers. So that seems...
Kent Boucher (10:06.062)
66. Yep.
Nicolas Lirio (10:25.848)
When you read those sentences, you go, yeah, yeah, of course. Yeah. Except.
Kent Boucher (10:29.454)
Exactly what I'm thinking right now. I see how that was so cleverly worth
Nicolas Lirio (10:34.008)
Now cleverly worded this was put together by Protecting America Initiative. Well, you know the senior advisor, one of the leaders of the Protecting America Initiative 501C3 is?
Kent Boucher (10:50.904)
Wait, say that again.
Nicolas Lirio (10:52.032)
of the senior leaders, he's a senior advisor in this position, of Protecting America Initiative.
Nicolas Lirio (11:01.592)
You know his name?
Riley Rozendaal (11:04.63)
One of the board members for Bayer.
Nicolas Lirio (11:08.194)
His name's Richard Grinnell. And if anybody who follows politics very closely would probably know from 2018 to 2020, he was the ambassador to Germany. it's probably Bayer who sells more products to the U.S. It's either that or Volkswagen, right? Out of Germany.
Riley Rozendaal (11:19.917)
Yeah.
Kent Boucher (11:27.414)
Yeah, but I
Nicolas Lirio (11:30.21)
There's you know, he's not saying anything direct about bear in here He's not saying anything about his time as ambassador that but crazy probably the two besides the actual German government the two entities he likely spent the most time with or had the most power over the United States would have been Volkswagen and our good friends over a bear just a little update for Tori immunity So be careful when you're taking those polls and know who you're backing now I want to be clear. They are wording it and maybe
maybe actually mean that people who took the poll talking about domestic agricultural manufacturers, but, they are framing it. You either support, um, this toward immunity. Like it's, it feels like it's getting set up to, look, it's either you support this toward immunity or you're a communist from China that wants Chinese, you know, and I'm like, wow, those feel very different. Um, but very impressive work, Mr. Richard, very impressive. Uh,
Very impressive work, but that's not my topic for the day. got two of them. I got two of them. First farm bill 2.0 check in, because this is apparently what everybody wants to hear about. But then I've got a couple of other things here. The first is that we have passed the committee and we're at the house. And for the committee, it was 34 to 17 and seven Democrats on the committee swung over.
to support the bill and it's a 800 page bill that's now, the house is now looking over it. I don't know when the vote will be, but kind of they're wondering the far right or the very strong fiscal conservatives don't like spending money, right? So there's some conservation practices in there that they might kind of be and some of the snap stuff, especially on, you know, on the left, they want to kind of rip out.
some of this or amend this, the food stamp things that were going on in the big, beautiful bill. So that might cause a snag. And then, even the, so the Senate, the Senate ag chairman, John Boozman from Arizona has, basically, he signaled that he is not supporting it by not giving overall support. Usually if your party,
Nicolas Lirio (13:54.2)
put something forward in the house, you go ahead right away in the Senate and you would kind of make signals. Hey, yeah, yeah, this is good. We're excited to get this in the Senate. But the fact that he hasn't done that at all hasn't made mention, even though it's a huge part of his, what he's chairman of in the ag, he hasn't said anything, which gives indications that he might be upset that there's not more snap amendments. Maybe he doesn't like the conservation stuff. I don't know, but there's a pretty good chance we run into a brick wall in the Senate.
And then of course, September 30, 2026 is the end of the extension date. Who knows? Maybe they'll just extend it. It does feel like unless POTUS gets involved, nothing, nothing gets done. That's not I'm not saying that he's the only one that gets anything done. It just feels like unless he brings media attention to something, it just sometimes feels like it doesn't get hammered through. I don't know. What do you guys think?
Kent Boucher (14:47.534)
I don't understand the I mean Sure, I'm not a politician. So maybe that's why I don't understand it but You and I have had this conversation before how when it's an election year big Things are often put off right? Yeah, which is it seems like it should be the opposite, right? That should be the time when you were that'd be like saying You know, it's the it's the
last drive of the game and you're hoping for halftime. You know what mean? And you got the ball, you know what I mean? And it just doesn't quite make sense to me how if, I mean, everyone should want their record to speak for itself. But that being said, evidently it's a truth that must be, that this is something that is practiced by politicians where they avoid
making a big, any kind of big legislative move in their election year. And so normally I don't think the farm bill would be, from my understanding it was more of a routine process in, you know, let's go 10 years ago, which really is, you know, almost to that point when the last farm bill was,
was voted into action. And so I don't anticipate much happening there. Also, we're in an extremely noisy time right now for a lot of big things happening in our country all at once, right? And it just seems like, which could work in the favor of maybe it does get done, right? Because it takes some of the
some of the pressure off of it a little bit and and it can kind of stay hidden behind, you know, the war in Iran and and, you know, stuff going on with the Epstein files and stuff going on with, you know, those doors are going to fly away here in a second. Rather just looking at dollar sign out of the grab them. But, you know, some of those other really big news things that are that are happening.
Kent Boucher (17:15.34)
I could see that keeping it from, you know, really being dealt with until 2027. I am encouraged that it's being looked at, though, and we're hearing news about it. And and honestly, we've I've said this recently that on a podcast that hasn't yet come out, you know, we we all want immediate change. And for some things, yeah, you need immediate change, immediate action on. Right. But also
there's a ton overall, you should want our country to turn like a battleship. You shouldn't want it to be a. Yeah. The super, you know, whips one direction to the other. mean, I was I remember when I was listening to 1493, they were talking about how China went through an era of that where they kept having these new dictators be put in charge back in, you know, like the around the Colombian time frame. And people's money would
lose all of its value when a new dictator came in, because his face went on all the currency and he demanded that that is the new currency. So all of your savings suddenly became worth whatever the metal that was made out, the scrap value of the metal. Crazy. And that's an example of where if things are super herky-jerky and changing very rapidly, it's not good on a national level. And so I hope they take their time to really
put together a good farm bill and I'm hopeful that that will happen. And I think it'll be interesting to see not that it's directly dealt with in the new farm bill, but some of the noise around E-15 that's happened recently, how that will affect what they want to allot for as far as it matters most directly to us here, how many CRP acres are they wanting to subsidize?
Are they going to continue to subsidize programs like equip and and CSP and crap and and all these other federal program? Cost sharing programs are are they going to? Are they going to want to keep that around or and and also how long does this? War drag out with Iran, you know ground will be viewed differently if.
Kent Boucher (19:43.79)
you know, we're at war for the next six months, year, year and a half. I think that'll drastically change how we view the acres in our country and what we want them to be accomplishing for us.
Nicolas Lirio (20:00.3)
Riley, what do you think?
Riley Rozendaal (20:01.876)
I think that I'm Cautiously hopeful but my I think it's important that they take the time to really consider You know what kinds of things are going to come down the pipe with with changes here but my my concern is overwhelmingly that Will get lost in the details especially around snap it's a very polarizing issue it's turned into something people politicized
and at risk of making meaningful change, nothing happens. And we do a continuation of the 2018 Farm Bill like there has been. And the same factors that have been squeezing everybody in farm country are gonna continue to exist. Fertilizer prices, diesel prices, these things don't go away. So even if...
lawmakers are prudent and make a few changes when it comes down to certain programs. My fear is that the wider concerns in ag aren't going anywhere. know, when we talk about people working ground, renting ground, investments, investing firms, development, all these larger issues are kind of being talked about a little bit, but
are in the Farm Bill 2.0.
Kent Boucher (21:33.102)
I think I think it'd be interesting to look back at because I really think that You know what's going on in Iran is going to to really impact farming this coming year It'd be interesting to look back at like, you know, I remember in 2008 fuel prices really spiked up over four dollars a gallon And you know look maybe back at some of similar timelines where you have some of those
like fuel is going to be a huge input cost this year if things stay where they're at right now. And it'd be interesting to look back and see was there any, was there a farm bill passed during, well surely there was while we were in Afghanistan and Iraq long enough to where there was multiple farm bills. Well, 2018, we did not leave Afghanistan until 2021. So that'd be an example there. So it would be interesting to look back and see
what kind of precedent there's been for, I am thankful. A lot of times I think people are not thankful that like SNAP and school lunches, for example, other big programs are part of the farm bill. But I think it's an overall net positive because even though yeah, those can be like really heavily debated things, they're important things, right? Like,
You can only kick those cans for so long before our country has to say, right, it's gotta be dealt with.
Nicolas Lirio (23:02.894)
and they have to look at the. Well, not only that, but farm and food should probably be pretty connected. The only reason where people get upset that they're connected is because like, why are they connecting all the food for kids lunches? What does that have to do with what I grow on my fields? You know, it's like, maybe they should be really connected. I also, I'm curious to see, because Riley, you were saying that Brazil was even looking at ethanol right now.
Kent Boucher (23:22.424)
Yeah, absolutely.
Riley Rozendaal (23:31.638)
Well, they, I mean, they've, they've, have ethanol plants. They're going to have to have more. mean, they two growing seasons. Yeah. I it's, we, we can't even deal with the ethanol we have unless the rest of the world decides they're going to eat cornflakes for breakfast, lunch and dinner for the rest of their lives, you know, or I don't know.
Nicolas Lirio (23:52.2)
Well, I wonder with what we have going on on the land in the 70s, know, get bigger, get out. I don't agree with that. I don't think we should have done that hindsight 2020. But I understand the thinking we wanted to compete at a global market level. Problem is that global market is now gone. And so are we going to keep subsidizing? We change to get into it. Now we get we might have to change to get out of it. It was painful going in.
Maybe it needs to be painful going out.
Kent Boucher (24:22.126)
It's not the lever that it used to be for trade because there's other places to get that product.
Nicolas Lirio (24:29.46)
And we, to be fair, I think we're still the world's leading innovator that isn't like a, like a, government run country. Cause those get very efficient, but, I think we're the world's leading innovator, but our lead in innovation has shrunk dramatically. and our incentive to innovate has shrunk dramatically because when you get a hundred billion trillion dollar companies,
I do think a bunch of them are trying to innovate. mean, I look at Google and they're trying. I do think they are trying to innovate, but a lot of those companies are, especially the ones you don't hear about in the news. They are happy to have their legislation capture and their market capture and just kind of sit behind the scenes. And so some of our best, most powerful companies are worth 10, 50, a hundred billion dollars. And they're like, we just kind of dominate this market and we're good. And there's no demand for innovation. Whereas other countries who are trying to compete with the United States said,
we need to innovate. need to get very quick, very fast. And the wealth, I think some of the markets in the United States dried up for some companies. And so they started selling their superior products to other countries, which I don't blame them. Like John Deere, they saturated what they could do in the United States farming, then they saturated the lawn market, and they did all these things, and they're working with giant equipment. And then they say, well, what do we do next? Well, we'll ship a bunch of stuff to Central America.
and Brazil, don't fault them for doing that. But now those countries are catching up. I don't fault them for catching up. I think they should and they should try to do that. But now our innovative edge is is shrinking. And so we don't have the market edge. We're not the cheapest. We're not, know, and we're kind of making enemies around the world. And so they're like, well, we'll just buy our corn elsewhere. If that's good or not, I don't know. It's above my pay grade. But what I if we're going to go down that route, we need to decide, OK, we're not winning the corn game.
We better figure a different game. better find a game that we're really good at. Find a different game. and that's, don't know, that's kind of where I'm at with it. I'm curious how much of the farm bill will contain because it didn't have E 15. There wasn't talk of like a, a full fledged allowance of E 15 across the nation all year.
Kent Boucher (26:42.25)
Well, yeah, but I think happening independently of the farm bill, if I mean, President Trump said what that was back in January or February when the when the the latest ruling when it when it got shot down, right? Yeah. Wasn't that back? Was that back in February? I think either end of January or really February. President Trump, I believe, if I remember correctly, came back and said,
this is something he wants to see happen, right? So going back to what you said earlier, right, wrong, or indifferent, when he, and I think it's probably been true to large extent for most presidents, when the president says, I'm going to make this a priority to happen, you're probably gonna see it again. And if E15 becomes, how do you word it?
If it becomes a saleable year round and available at the pump year round, then I think that that will take some of the urgency off of passing a farm bill. I think it will change how that farm bill is then written too.
Nicolas Lirio (28:00.48)
I also wonder with the farm, you know, secretary of ag say we want, I think she is fighting for what she thinks is the best for farmers. I do. I Brooke Rollins. Yeah. Thank you. I think that Brooke Rollins is fighting for what she thinks is the best for farmers in a role as secretary of ag. But a lot of our representatives go to Washington and go to Washington and they fight for our economic status.
instead of our way of life or our culture or what actually makes humans satisfied and happy, you know, which isn't money. I don't know if that's new to anyone. Sorry. But, know, and, so.
Kent Boucher (28:44.02)
whole lot of fighting on the side of money lately.
Nicolas Lirio (28:46.008)
Yeah, that's what I'm saying. So the whole corn E15 thing, we're just fighting for money. We're not fighting, you know, I guess maybe culture, cause then we can keep growing corn how we, how we do it. But like, we're not, we're not fighting for small town communities. You know what I mean? We're not fighting to keep our young kids living here. We're not fighting for water quality. We're not fighting for our hospitals to be more robust. We're not fighting for better teacher salaries. You know, it's just, we're just fighting for corn. I don't know. It just seems under well,
Riley Rozendaal (29:14.518)
We're fighting to keep doing what we're doing, like it's good enough.
Kent Boucher (29:18.84)
Well, we're trying to create demand that the consumer hasn't brought to the table, right? We're trying to legislatively create that demand. whereas most other markets, it's, well, what does the consumer want? And I will rise to make the good or service that the consumer demands for, right? And that's not what would be happening in that case.
Nicolas Lirio (29:43.768)
Yeah, and I know we've talked about it.
Kent Boucher (29:45.998)
Kind of become the problem with with the corn market, right, is just like we're talking about with Brazil. We have such an abundance of supply that we need there to be more demand. And there's two ways to do that, right? Either it's well, probably three, right? Get more consumers, legislate more demand or cut back on supply to increase demand. I probably need to.
Nicolas Lirio (30:12.034)
Yeah.
Kent Boucher (30:14.248)
You know, the healthiest thing is probably the third option. Create some scarcity a little bit.
Nicolas Lirio (30:23.064)
some scarcity. I've been wanting my wife to spend more time with me, so I've been losing weight. I figure if there was less of me to go around, she would love me little longer.
Kent Boucher (30:35.374)
Get down to one love handle.
Nicolas Lirio (30:39.15)
No, man. All right. I had another topic, but I just want to go over it real quick because we talked about it and I was quickly humbled when I was looking into it and I knew you couldn't discriminate on taxes, but I'd never equated it with I was just thinking like gender, race, religion kind of a thing. It is very illegal to have different tax brackets for people in state or out of state. That is like strictly unconstitutional. The people who found the way around it was Montana. They said
Kent Boucher (31:08.11)
Wait, wait. So you're saying like if you own like, yeah. I was like, wait, sales tax.
Nicolas Lirio (31:12.824)
property tax. no, no. Yeah. Each state can have a different, but you pay the same. Yeah. Anyway, you pay the same sales tax. So order the same property tax no matter where you live. The way that Montana got around it is they didn't say who owned it. They said it's a use tax. How much do you use it? So what percentage of the year are you in that house? Which is brilliant because if you're in the house a lot of the year, you're connected to your neighbors. You're connected to all this other stuff that goes on. I'm here for that. I think that
totally makes sense. Problem with land is, you going to tell people you have to live on the farm? You know what I mean? And now what if they live in town, but their farms right out of
Kent Boucher (31:55.758)
My guess in the case of Montana, which is a great ranching state, so I'm sure there's a lot of money tied up in ranches where the owner of the ranch does not live there, does not reside there. But I bet there's a big vacation home part of that non-resident landowner side, too. Wouldn't you guess? That's just me speculating.
I would say that Montana, just in my recent time there, is becoming a lot like Colorado in the 90s and early 2000s. It's like booming, know, all these people moving there. And it's kind of become the place to be. Usually you see those places have a lot of Airbnbs and, you know, vacation rentals pop up along with it.
Nicolas Lirio (32:34.382)
Hawaii.
Nicolas Lirio (32:46.988)
Yeah. And you know, I'm sure that's a big, that's a very strong part of their economic market, but I hope they figure something out like Hawaii did where Hawaii, I think in Hawaii you can own a home you reside in and one rental home. if I think if you're out of
Kent Boucher (33:04.168)
Just trying to play the ratio of where is it helpful to us versus where is it? Where's their drop-off? Yeah
Nicolas Lirio (33:08.814)
That's brilliant, you know, and but I don't know for Iowa gets really tough with farmland. Now it is very legal to tax out of country landowners, you know, obscenely. But yeah, so my plan about the family video in Knoxville is is is not going to work. It's not going to work. man. But I did have a friend say that because this person will sell that they'll sell it. But their thing is like they want
two or three times, no, no, no, like 10 times as much as it's worth. mean like crazy amount of money.
Kent Boucher (33:44.014)
If you had a billion dollars, would you buy it? Yeah.
Nicolas Lirio (33:46.516)
yeah.
Riley Rozendaal (33:46.818)
He didn't even pause.
Kent Boucher (33:47.79)
You had a million dollars, would you buy it?
Nicolas Lirio (33:49.75)
I couldn't for a million dollars. I couldn't even buy half of it for a million dollars.
Kent Boucher (33:53.344)
Okay, so it's worth two and a half million. Well, it's worth two and a half million. you were given two and a half million dollars, I would. Would you would you blow it all on buying that family video?
Nicolas Lirio (33:56.238)
If you're doing it
Nicolas Lirio (34:04.002)
No, I would pay all my debt and family's debt first. I would, I would do that if I had passed that. Yeah, it's one of, it's one of the top three.
Kent Boucher (34:12.494)
All right, what if you could what if you could take out it alone you get a million dollars or no You get a million and a half. You got to get a loan for another million
Nicolas Lirio (34:19.822)
No, it's not worth the million dollars that you put on the It's honestly, beg you. I'll think of a version. It's maybe worth half a million bucks. Maybe. mean, the building is just on, it touches, it's on a corner of two of our four most prominent streets in Knoxville. so.
Kent Boucher (34:24.525)
Trying to see where your virtue signal is.
Kent Boucher (34:42.754)
Thank you for that.
Riley Rozendaal (34:44.802)
You gotta think of the value of finding a VHS tape that was like behind a wall somewhere that's easily worth a million dollars right there.
Nicolas Lirio (34:54.166)
Here's what it is. I was joking with the account.
Kent Boucher (34:57.518)
What if somebody just moved in there and set up shop? I mean, they're not, I guess they'd have to.
Nicolas Lirio (35:00.524)
What do mean?
You're using it, yeah, but it's just an-
Kent Boucher (35:05.614)
No, I'm saying what you know, yeah, I'm sure it's illegal in some ways, but what if somebody just started running a business if they're Powered up with a generator.
Nicolas Lirio (35:12.686)
Because the first is never there You know what I wouldn't I wouldn't say a thing I would I would be like man good for you, and I go visit
Kent Boucher (35:21.068)
The city just needs to give them free utilities to set up a regular.
Nicolas Lirio (35:25.358)
Well, and but here's the deal. was saying, okay, if you hold the buying price at millions of dollars, that's fine, but maybe you should be taxed at that assessed value instead of the, you know what mean? If you say that's what it's worth, great.
Kent Boucher (35:38.798)
This guy's gonna come across our podcast and he's gonna buy the bank where all your debt is at and he's gonna call you and all you.
Nicolas Lirio (35:44.494)
That's why you always have friends and other things. man, that's funny. Hey everyone, thank you so much for listening. Before you go, where you go a couple of housekeeping things. We are right about two weeks. We're right about two weeks from having the Prairie farm forum. we have talked about it at the Iowa Prairie network. We've never talked about it here on the podcast and here's the point. Google hates Facebook. Why is that relevant?
Facebook has some pretty good information in some of those groups. Some really, some people who really know what they're talking about with managing habitat, putting in a new habitat, finding remnants, identifying species. Problem is when you Google that stuff, it will never show you Facebook because Google hates Facebook. So what are we doing about it? We're starting a little forum and we're going to dub people prairie experts so that you can sort by people that really know what they're doing, what they're talking about. I've already, we've been in contact with literally dozens of people who really know what they're talking about, who are on board, want to be on.
on these things so you guys can ask questions because the truth is when we answered a bunch of your questions last year, we knew a bunch of answers. There were some we didn't know the answer to and we couldn't have answered them and we could only get to a limited amount of them. You wouldn't believe how many emails we get every single day through our different channels and even just comments on social media. It's like we just can't get back to them and I feel terrible about that because you guys are genuinely asking these questions and I genuinely can't help you all the way.
but there are people out there that can. it'll be up soon. We'll have a link soon. I think we're two weeks or less from when you're listening to this to actually having it up. And then at the same time we'll have merch up, but we're being really picky about the shirts and the sweatshirts and stuff so that they're actually re re wearable instead of just putting out garbage in the world. You guys can use this as one of your eight shirts that you have. Cause I know all of you.
Riley Rozendaal (37:35.79)
Please have a good day.
Kent Boucher (37:37.677)
We're also going to sell Nick's Facebook real sweater that you see in literally every reel that Nick is in. We're going to sell that.
Nicolas Lirio (37:48.392)
There's two, there's the Aztec looking blue one and then there's this purple one I'm wearing.
Kent Boucher (37:52.782)
right now about elastic on the the Aztec one is on the sleeves has gotten pretty flop.
Nicolas Lirio (37:58.886)
You want to hear something tragic? I've gained about 10 pounds since last summer and the shirt I'm like I need to go buy all new shirts because otherwise when we do the summer podcast I'm only wearing a shirt people will be like yeah that dude gets in the man. Alright thanks for listening everyone we'll talk to you again next time.
