2018 Advanced Agricultural Credit Conference
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 prepare for the 2018-2019 loan renewal season as Dr. David Kohl provides an overview of the state of agriculture and the credit risks that may lie ahead. One way some of the more mature farm operators may choose to deal with the current period of low profits is to transition to the next generation. The afternoon of the first day will focus on the legal, tax and personnel issues involved with such a transition. The day will end with how the new tax law will impact agriculture.
- State of Agricultural and Agricultural Lending
- Credit Risk 2018-2019 Answers to Critical
- Succession Planning: Legal Considerations
- Succession Planning: Tax Incentives
- Succession Planning: Dealing with Conflict
- Impact of the New Tax Law on Agriculture
- Commodity and Economic Outlook
- Land Values and Cash Rents
- Farm Bill Update
- China’s Agriculture: Past, Present and Future
- Building a Relationship, A Relationship Between Farmers and Bankers
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.
David Kohl, Ph.D - Professor Emeritus, Agricultural and Applied Economics, Virginia Tech
Polly J. Dobbs, Esq. - Dobbs Legal Group, LLC
Dr. Julia Valliant - Indiana University
Dr. Maria Marshall - Purdue University
Dr. Michael Langemeir - Purdue University
Dr. Christopher Hurt - Purdue University
Howard Halderman - Halderman Farm Management & Real Estate Services
Dr. Carl Zulauf - The Ohio State University
Dr. Allan Lines - Professor Emeritus, The Ohio State University
Curt Covington - Farmer Mac
Wednesday, September 5, 2018
8:30 – 9:00 am Registration & Continental Breakfast
9:00 – 9:10 am Welcome & Opening Remarks
9:10 – 10:30 am State of Agricultural and Agricultural Lending
10:45 – Noon Credit Risk 2018-2019 Answers to Critical Questions
1:00 – 2:30 pm Succession Planning: Legal Considerations and Tax Incentives
2:45 - 3:45 pm Succession Planning: Dealing with Conflict
3:45 - 5:00 pm Impact of New Tax Law on Agriculture
5:00 pm Adjourn Day One
Thursday, September 6, 2018
7:30 - 8:00 am Continental Breakfast
8:00 – 9:30 am Commodity and Economic Outlook
9:45 – 10:45 am Land Values and Cash Rents
11:00 – Noon Farm Bill Update
1:00 – 1:30 pm China's Agriculture: Past, Present and Future
1:30 – 2:00 pm Building a Relationship, A Relationship Between Farmers and Bankers
2:00 – 3:00 pm Views from the Examiners
3:00 pm Conference Adjourns
The workshop will be held at the DoubleTree by Hilton Lafayette East, 155 Progress Drive, Lafayette, IN 47905. Participants are responsible for making their own reservations. Hotel accommodations are not included in the registration fee. To make your reservation with the DoubleTree by Hilton Lafayette East call 765-446-0900 or visit www.lafayetteeast.doubletreebyhilton.com. Please reference the Indiana Bankers special rate code 003145564 to receive the negotiated rate.
IBA, KBA, MBA Members / Associates Members - $495
The registration fee includes the program, materials, continental breakfast, lunch and refreshments each day. Participation in IBA programs is limited to members, associate members, and non-members from an eligible membership category at applicable member or nonmember rates. 100% Surcharge for Non-members will be applied. Please register early!
The second day will start with a review of the current situation and what is likely ahead for commodity prices, cash rents and land values. Then the morning will end with an overview of where we are regarding the farm bill. The afternoon will focus on China and what has gone on, is going on and will likely go on in the future and the impact on US agriculture. The Conference will end with some practical tips on building relationships, particularly between lenders and their farm borrowers.
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.