2024 Ag Summit
Thursday, January 25, 2024
7:45 AM - 2:30 PM
Hilton Garden Inn, Findlay, OH
CBAO Member: $295 | Non-Member: $395
NEW: Ag Lenders may bring any borrower/farmer to join for the day for $49
Navigating the intricacies in Agricultural markets and managing risk can prove to be a daunting task for Ag Lenders and credit policy managers. The 2024 Ag Summit will equip attendees with the most current and timely information regarding weather, commodities, energy inputs, Ag Law and more to be properly positioned for the next agricultural season.
Who should attend:
Ag Lenders, Credit Policy Managers, Chief Credit Officers, Senior Lenders
2024 Agenda:
(subject to change)
7:45 AM - 8:20 AM
Breakfast / Registration
8:20 AM - 8:30 AM
Welcome message and introductions
8:30 AM - 9:30 AM
How Weather, Geopolitics, and Other Factors are Influencing Ag Prices
Shawn Hackett, President - Hackett Financial Advisors the Agricultural Price Forecasting Specialists
Throughout history, long-term changes in weather patterns, geopolitics, currency values, and interest rates have had an exorbitant influence on the economics of the global agricultural system. Many of these cycles through statistics and correlations have synchronized and culminated into their increased volatility framework for maximum impacts to all aspects of the agricultural food chain. The mitigation of risks has become and will continue to be an area that greater resources will need to be directed towards to provide a pathway forward for sustainable and enduring Ag economics. In this presentation, Hackett explains these various short, intermediate, and longer-term cycles mentioned above, and why they happen along with historical data on their impacts on production and prices. Emphasis will be placed on how producers and end users can navigate this dramatic change in our weather patterns and price volatility patterns to alter their growing, cash-marketing, crop insurance, and hedging activities.
This presentation CAN be crafted to include specific Ag markets of interest. Both the long-term and short-term Ag price considerations will be discussed in detail based on how these cycle trends and other key metrics can provide a framework for proper preparation and execution of producer plans and budgets.
9:30 AM - 9:45 AM
Networking Break
9:45 AM - 10:45 AM
Profitability by the Numbers: What Secrets Would the Records for Your Farm Customers Reveal?
Freddie Barnard, Professor Emeritus of Agricultural Economics - Purdue University
An accurate assessment of farm profitability, financial performance, and repayment capacity is essential in today’s agricultural lending environment, as we have seen commodity prices decrease, and operating expenses and interest rates increase. It is common to see the difference between cash net farm income and accrual-adjusted net farm income be more than 60 percent. A spreadsheet will be discussed to convert cash net farm income to accrual-adjusted net farm income, and calculate key financial ratios needed to evaluate farm profitability, financial performance, and repayment capacity. That spreadsheet will then be used to evaluate the sensitivity of changes in farm revenue, interest rates, and operating expenses on the coverage ratio.
10:45 AM - 11:00 AM
Networking Break
11:00 AM - 11:30 AM
Panel Discussion
11:30 AM - 12:15 PM
Lunch
12:15 PM - 1:15 PM
Hedging Strategies for Ag Bankers: Helping Farm Customers Increase Profitability
Shawn Hackett, President - Hackett Financial Advisors the Agricultural Price Forecasting Specialists
This session will complement the main presentations above and illustrates to bankers how they can help their farmer customers better utilize marketing/hedging strategies to increase their revenues in order to ensure loan performance as a sustainable banking customer.
1:15 PM - 1:30 PM
Networking Break
1:30 PM - 2:30 PM
Update from Ohio Soybean Council
Kirk Merritt, Executive Director - Ohio Soybean Council
If you are having issues with registering online, please contact Malia Widder, (614) 610-1877.
Thank you to our generous sponsors for helping make this event possible:
