ORANGE CITY, Iowa – Technology is changing at lightning speed in agriculture. It is essential that lenders and producers understand how the technology fits into their operation. The economics of self-contained field equipment, automatic feeders, manure handlers, and milking systems are evolving as systems change, and lenders need to be able to help producers understand how these costs fit together in their financial statements.
Agricultural lenders will receive useful and current research-based information during the Siouxland Agricultural Lenders Seminar on Thursday, October 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 help lenders, consultants and agricultural financial advisors with 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 farmers – in Iowa, Minnesota, Nebraska and South Dakota are encouraged to attend, as the seminar will feature information on technology, agricultural land value risk and market prospects for livestock, grain and dairy production.
“Agricultural lenders know that price risk management continues to be a major variable for agricultural business profitability,” said Fred Hall, dairy specialist at Iowa State University Extension and Outreach in the Northwest. from Iowa. “For this reason, understanding current market trends and risks is a necessary part of farm management assistance. Lenders and consultants working with dairy producers have the additional need to understand a complex system of milk marketing, labor and federal policy implications.
The list of nationally recognized presenters for the seminar includes:
- Early Bird Session – How Cybersecurity on the Farm Can Affect You and Your Customers (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 at Iowa State University Extension and Outreach).
- Dairy Market Update (Mike North, Director, Ever.ag).
- Commodity Market Outlook (Chad Hart, Agricultural Economist with ISU Extension and Outreach).
“This seminar has proven itself in helping Siouxland lenders and financial advisors as a local source of current information they can use to help growers manage risk,” Hall said.
The pre-registration cost for the Siouxland Ag Lenders Seminar is $100 for the first person and $75 for each additional company person. The registration fee for students is $30. The pre-registration deadline is October 17.
Registrations at the door on the day of the seminar will be $125 and will not guarantee lunch. Register online for the Siouxland Ag Lenders Seminar at https://go.iastate.edu/R7UBGH or pre-register 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 [email protected]
Shareable photo: Automated calf feeder.