In this insightful episode of the Farm4Profit Podcast, we explore the fascinating world of Micro-Captive Insurance with none other than Van Carlson, the esteemed Founder & CEO of SRA. With over twenty-five years of experience in the risk management industry, Van brings a wealth of knowledge and expertise to the table, sharing valuable insights on how small to mid-market businesses can leverage 831(b) Plans to effectively manage their property and casualty risks while enjoying significant tax benefits.

Van's journey in the industry began with Farmers Insurance Group, where he started as an agent and swiftly rose to prominence, growing his book of business to become one of the largest in his home state of Idaho. Today, his primary goal is to continue the upward trajectory of SRA, constantly innovating and developing new products to meet the evolving needs of the market.

The heart of this episode lies in understanding the intricacies of 831(b) Plans and how they offer a unique opportunity for business owners to retain up to 50% of their risk and premiums. By placing funds in a tax-deferred 831(b) Plan, businesses can build a funded reserve for potential losses, thus gaining greater control over claims and even participating in underwriting profits within their plan. It's an ideal strategy for savvy business owners willing to take calculated risks for greater rewards.

Van also draws parallels between 401(k) and 831(b) accounts, shedding light on their similarities in terms of tax benefits, contribution limits, and compliance requirements. However, the real magic of 831(b) Plans lies in their ability to mitigate various business risks that may not be covered by traditional insurance, such as supply chain interruptions, cybersecurity attacks, and even brand damage.

Delving deeper into the history of 831(b) Microcaptives, Van discusses the legislative milestones and regulatory framework that have shaped their evolution over the years. From the Tax Reform Act of 1986 to the more recent PATH Act of 2015, which increased premium amounts and introduced inflation riders, these legislative developments have made 831(b) Plans an increasingly attractive option for businesses seeking comprehensive risk management solutions.

Join us as we unravel the complexities of Micro-Captive Insurance and discover how it can be a game-changer for your business's risk management strategy. Whether you're a seasoned entrepreneur or just starting out, this episode offers invaluable insights into safeguarding your assets and maximizing rewards in today's dynamic business landscape. Tune in now to learn from the best in the industry and take your risk management strategy to the next level.

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In this episode of the Podcast, we sit down with Farmer Froberg, a fifth-generation farmer hailing from Alvin, TX. With a rich history in farming and a passion for educating consumers about modern agricultural practices, Farmer Froberg shares insights into their family farm, Froberg Farms.

We delve into Farmer Froberg's background, including his time as an Army veteran and his experience working at a nonprofit farm that trained veterans—a venture that unfortunately lost its grant funding. Now, Farmer Froberg channels his passion for agriculture into managing Froberg Farms' social media presence and bridging the gap between consumers and the realities of farming.

Froberg Farms is a year-round operation, offering a wide array of homegrown fruits and vegetables, along with other goodies like eggs, jellies, and even Christmas trees. Their farm is a hub of activity, boasting an in-store bakery and snack bar, as well as opportunities for visitors to pick their own produce, including strawberries and blackberries.

With a rich history dating back to 1936, Froberg Farms has evolved over the years, from its humble beginnings of growing strawberries to a thriving enterprise spanning hundreds of acres. Farmer Froberg shares touching anecdotes about the farm's journey, from family milestones to pivotal moments in its growth and expansion.

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Website

www.Farm4Profit.com

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Phone

515.207.9640

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In this episode, we sat down with Clayton Lind, founder of Atlas Media Solutions, who shared his inspiring journey of transitioning from a farmhand to a media entrepreneur dedicated to spreading awareness about agriculture. Clayton's passion for storytelling drove him to scale his business, aiming to reach 100 million people online by 2024 and produce Netflix-level pro-ag documentaries by 2025-2026. Through Atlas Media Solutions, Clayton crafts high-quality digital media to showcase the agriculture industry's story, helping clients better connect with consumers. We explored Clayton's background and how his farmhand experience during the pandemic shifted his perspective on agriculture. He highlighted the importance of addressing misconceptions about food origins and empowering consumers through knowledge. Clayton also discussed the role of technology in shaping agriculture's future and shared tips for supporting sustainable practices. Transitioning from a one-man operation to a team of three posed challenges, but Clayton overcame them, offering advice to aspiring entrepreneurs in agriculture. Tune in as we unravel Clayton's journey and the challenges and opportunities of bridging the gap between consumers and the agricultural industry.

• www.johndeere.com
• www.meridianmfg.com
• www.terraplexag.com
• www.agleader.com

Don’t forget to like the podcast on all platforms and leave a review where ever you listen!
Website

www.Farm4Profit.com

Shareable episode link

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Email address

Farm4profitllc@gmail.com

Phone

515.207.9640

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