Technology is moving at warp speed in agriculture. It is vital that lenders and producers understand how technology fits in their operation. The economics of autonomous field equipment, automatic feeders, manure handlers and milking systems are changing as the systems change, and lenders need to be able to help producers understand how those costs fit into their financial statements.
Agricultural lenders will receive current useful, research-based information during the Siouxland Agricultural Lender's Seminar on Oct. 20 with registration at 8:30 a.m. and programming from 9 a.m. to 3:15 p.m. at the Triple Box located at 4758 Ironwood Ave., Orange City.
The seminar will present current information to assist lenders, consultants, and farm financial advisors in their portfolio management, which is especially important in this era of continued market variability. Lenders who serve agricultural clients - especially those who work with dairy producers - in Iowa, Minnesota, Nebraska and South Dakota are encouraged to attend as the seminar will feature insights on technology, the risk in agricultural land values, and market outlooks for livestock, grains and dairy production.
"Ag lenders know that price risk management continues to be a major variable for profitability in ag enterprises," said Fred Hall, dairy specialist with Iowa State University Extension and Outreach in northwest Iowa. "For that reason, understanding the current market trends and risks is a necessary part of farm management assistance. Lenders and consultants working with dairymen have the additional necessity of understanding a complex system of milk marketing, labor inputs and federal policy implications."
The list of nationally recognized presenters for the seminar includes:
- Early Bird Session -How On-Farm Cyber Security Can Affect You and Your Clients (Doug Jacobson, director, Center for Cybersecurity Innovation and Outreach at Iowa State University).
- Economics of Autonomous Field Equipment (Craig Rupp, founder and CEO, Sabanto).
- Economics of Livestock Automation Automatic Feeders, Manure Handlers and Milking Systems (Chad Huyser, president, Lely North America).
- The Strength and Risk in Ag Land Values (Chad Hart, agricultural economist with Iowa State University Extension and Outreach).
- Milk Market Update (Mike North, principal, Ever.ag).
- Commodity Market Outlook (Chad Hart, agricultural economist with ISU Extension and Outreach).
"This seminar has proven itself in assisting Siouxland lenders and financial advisors as a local source for current information which they can use as they help producers manage risk," Hall said.
Preregistration cost for the Siouxland Ag Lenders Seminar is $100 for the first person and $75 for each additional person from the business. Student registration fee is $30. The preregistration deadline is Oct. 17.
Registrations at the door the day of the seminar will be $125 and will not guarantee lunch. Register for the Siouxland Ag Lenders seminar online at https://go.iastate.edu/R7UBGH or preregister by mail and make checks payable to Sioux County Extension; mail to ISU Extension and Outreach Sioux County, 400 Central Ave. NW, Suite 700, Orange City, IA 51041.
For more information, contact Fred Hall at 712-737-4230 or fredhall@iastate.edu.
Categories: Iowa, Business