2017 Advanced Agricultural Credit Workshop
The period of record high commodity prices combined with historically low interest rates, which fueled record high profits, dramatic increases in both cash rents and farm real estate values and a number of capital purchases appears to be over, at least for the next few years. We are now in the midst of a transition characterized by much lower commodity prices,
resulting in lower profits and decreased loan repayment capacity. The over-hanging cloud in this environment is the debt to purchase some of those capital purchases remains and there is a likelihood interest rates could rise. The result has been increasing levels of financial stress for both agricultural borrowers and lenders.
The Conference is designed to help attendees assess and prepare for the financial stress going into the 2017-18 loan renewal season. That assessment will be based on the commodity, livestock and economic outlook, as well as the outlook for cash rents and land prices. Later sessions in the day will focus on indicators of problem loans and an evaluation of the effectiveness of selected operational and loan term changes. The first day will end with a discussion on the tax implications of asset sales, both for planned retirements and forced sales.
The second day will provide suggestions on how to preserve asset values while maintaining customer relations during stressful times. An overview of the bankruptcy options is reviewed next, along with an update on the Farm Service Agency guaranteed loan program. Updates on crop insurance and the Farm Bill are provided in the afternoon. The Conference will conclude with a panel of bank examiners, who will share their perspectives on the current situation in agriculture.
- Grain, Livestock & Economic Outlook
- Land Prices and Cash Rents
- Problem Loan Indicators
- Agricultural Lending Landscape Round Table
- Evaluating Repayment Alternatives
- Tax Implications of Asset Sales
- Problem Loan Administration & Preserving Asset Values while Maintaining Customer Relations
- FSA Guaranteed Loan Programs Including an Update on the New Environmental Review Requirements
- Bankruptcy Options
- Farm Bill Update
- Crop Insurance Update
- Views from the Examiners
Who Should Attend
This program is specifically targeted toward graduates of the Midwest Agricultural Banking Schools or similar programs with a minimal of three years of agricultural lending experience.
Chris Hurt is a professor of Agricultural Economics at Purdue University where he is actively involved in teaching and extension education. Dr. Hurt's areas of specialty include
examination of family farm market problems, pricing strategies, and livestock futures market performance. He serves as editor of the Purdue Agricultural Economics Report. He has received the USDA Superior Service Group Award, an American Agricultural
Economics Group award, as well as two Indiana Extension Service Awards.
Howard Halderman is President of Halderman Farm Management, Halderman Real Estate Services and Executive Chair of US Agriculture. The Halderman Companies oversee farmland assets for over 1,100 clients in 19 states (totaling 240,000 acres), buy and sell more than $120 million of farmland in the Midwest and perform over 650 appraisals of farmland annually. US Agriculture has $261 MM in agricultural assets and commitments under management for three institutional clients.
Dr. Michael Langemeir has Extension and research interests that include cropping systems,
benchmarking, strategic management, cost of production, and technical and economic efficiency. Most of his research has focused on the efficiency of farms and ranches, and crop and livestock enterprise production costs and efficiency.
Dr. Elizabeth Yeager’s research interests include the areas of agribusiness, farm management, agricultural finance, and production. Her research has focused on firm productivity and efficiency, repayment risk, and producers views towards risk on their farm.
Wednesday, September 6, 2017
8:30 – 9:00 am Registration
9:00 – 9:10 am Welcome
9:10 – 10:30 am Grain, Livestock & Economic Outlook
10:45 – Noon Land Prices and Cash Rents
1:00 – 1:30 pm Problem Loan Indicators
1:30 - 2:30 pm Agricultural Lending Landscape Round Table
2:45 - 3:45 pm Evaluating Repayment Alternatives
3:45 - 5:00 pm Tax Implications of Asset Sales
5:00 pm Adjourn
Thursday, September 7, 2017
8:00 – 9:00 am Problem Loan Administration & Preserving Asset Values while Maintaining Customer Relations
9:15 – 10:15 am FSA Guaranteed Loan Programs Including an Update on the New Environmental Review Requirements
10:30 – Noon Bankruptcy Options
1:00 – 1:30 pm Farm Bill Update
1:30 – 2:00 pm Crop Insurance Update
2:00 – 3:00 pm Views from the Examiners
3:00 pm Adjourn
The workshop will be held at the Four Points by Sheridan, 1600 Cumberland Ave., West Lafayette, IN 47906. Participants are responsible for making their own reservations. Hotel accommodations are not included in the registration fee. To make your reservation call 765-463-5511. When making your reservation, please reference “Indiana Bankers Room Block” to receive the negotiated rate.
IBA, KBA, MBA Members
Associate Members & Co-Sponsors - $495 Per Person
$990 Per Person
Participation in IBA programs is limited to members, associate members, and nonmembers from an eligible membership category at applicable member or nonmember rates.
Bruce Everhart is the Ag Business Banking Manager for Indiana/Ohio at Wells Fargo Bank. He has been an Ag Banker for 35 years and 25 with Wells Fargo. He serves on the Governor’s Indiana Land Use Resource Council and the American Banker Association Rural and Ag Committee.
During Greg Foulke’s 35 year career with FmHA/FSA, he has been a Farm Loan Officer, Farm Loan Manager, and for 19 years, a Farm Loan Specialist. As Farm Loan Chief he is responsible for the oversight of all Farm Loan Programs administered throughout the sate of Indiana.
Jim Carlberg is a partner and chairs the firm’s Bankruptcy and Creditors’ Rights Group. He
represents commercial banks, savings and loans, life insurance companies, agricultural creditors and other financial institutions dealing with problem loans and with compliance with state and federal regulations.
Mr. Steve Apodaca is the senior vice president of ABA’s Center for Agricultural and Rural
Banking. He leads all agricultural and rural banking policy at ABA, manages the Agricultural and Rural Bankers Committee, and provides leadership to ag product and program offerings including the National Agricultural Bankers Conference.
Larry Kummer attended Purdue University as an Agronomy/Agricultural Education Major. He also served as a state FFA officer. He began his Agricultural Banking career in June 1979. Larry currently serves as Market President of Northeast Indiana and is based in Horizon's Waterloo, Indiana office.
For additional information please contact:
Laurie Rees, Vice President, Education & Training
Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations or absences which occur one day prior or on the day of the program. Substitutions are welcome at any time.