Siouxland Ag Lenders Seminar Provides Dairy Management Information

Helping ag lenders and consultants manage client portfolios will be the focus of the second Siouxland Ag Lenders Seminar, Nov. 1 in Orange City, Iowa. The program will feature presentations by Iowa State University Extension and Outreach specialists and other leading industry experts.

Lenders who serve agricultural clients – especially those who work with dairy operators – in Iowa, Minnesota, Nebraska and South Dakota are encouraged to attend, as the seminar will focus on agricultural market outlooks, the farm bill, financial recordkeeping and accounting, insurance and farm safety procedures.

“Ag lenders know that risk management continues to be a major variable for profitability in most ag enterprises,” said Fred M. Hall, dairy specialist with ISU Extension and Outreach. “For that reason, understanding the current market trends and risks is a necessary part of farm management assistance. Lenders working with dairy operators have the additional necessity of understanding a complex system of milk marketing, labor inputs and federal policy implications.”

Presentations during the seminar include:

  • 2018 Farm Bill, by Joe Outlaw, professor and extension economist at Texas A&M University.
  • Milking Robots: Do They Pay? by Larry Tranel, dairy specialist with ISU Extension and Outreach.
  • Dairy Market Outlook, by Robert Cropp, emeritus professor of agricultural and applied economics at the University of Wisconsin-Madison.
  • Market Outlook, by Chad Hart, associate professor and extension economist at Iowa State University.
  • Barn Safety, Fire Prevention and Insurance Required, by Larry Wyatt, senior investigator and ag engineer with Grinnell Mutual Insurance Company.
  • Accrual Accounting and the Necessity of Good Financial Records, by Gary Vande Vegte, managing partner of Van Bruggen & Vande Vegte CPAs and Financial Advisors.

“Our goal is that Siouxland lenders have a local source for current information, which they can use as they begin their annual client reviews,” Hall said. “The presenters have national standing and are actively participating in the national discussion in their topic areas.”

Registration is due by Oct. 26 and is $80 for the first person from a business or organization and $50 for each additional attendee. A registration form is available online. Registration includes lunch, refreshments and informational materials. Attendees can register the day of the event, but the event day $100 per person registration fee does not include lunch.

The event will begin at 9 a.m. on Nov. 1 and conclude at 3:30 p.m. It will be held at The Triple Box, 4758 Ironwood Avenue, Orange City.

The seminar is supported by Iowa Farm Bureau, Iowa Bankers Association, Minnesota Bankers Association, Nebraska Bankers Association and South Dakota Bankers Association.

 
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