8:00 a.m. Registration and Continental Breakfast
8:20 a.m. Welcome and Introduction
8:30 – 10:20 a.m. Positioning Mid-South Agriculture for the Global Economy
Dr. David Kohl, Professor Emeritus, Virginia Tech University
2014 is a year of major economic transition and the producer/lender team must be aware of the factors that will affect interest rates, impact farm profitability, and determine creditworthiness during the next 12-18 months. Presented by one of the most knowledgeable and dynamic experts of our time, this opening session provides producers and lenders with an overview of the global trends and domestic policies that will affect the agricultural bottom line. Dr. Kohl will provide his famous and ever-changing global economic indicator dashboard for making sound management and lending decisions. This year, Dave will discuss the latest trends in real estate values, changes in farm family finances, and a new “business equation for success.” This interactive session will provide participants with the latest tools and information needed to effectively manage farm operations and loan portfolios.
10:30 – 11:45 a.m. The Lender’s Role in Farm Transition Planning
Dr. Steve Isaacs, University of Kentucky
Passing the farm from one generation to the next is a major issue faced by farm operators and their lenders. A variety of family, life-style, business-related factors affect producers’ ability to sustain their operations. Even in the best scenarios, changes will occur that can affect operating cash flows and borrowing decisions. Changes may already be occurring and you need to be proactive in helping your customers get ahead of the curve. The conference is an opportunity for the farmer-lender team to discuss these changes. You will not want to miss Dr. Isaacs practical tools for success and pitfalls to avoid during the transition planning process.
12:00 – 12:50 p.m. Luncheon
1:00 – 2:15 p.m. Commodity Prices and Marketing Outlook: Major Trends Affecting Your Bottom Line
Richard Brock, President, Brock Associates
Continued uncertainty in the domestic and global economies associated with input costs, developing nation demand, and government policies are shaking up the commodity markets. Richard Brock’s straight-forward analysis will help get lenders and producers on the same page as they manage risk and make operational and financial decisions. Mr. Brock’s up-to-date analysis of corn, soybean, and cotton price trends will provide a basis for decision making in the coming year.
2:15 – 2:45 p.m. Expert Panel Q&A and Adjourn
Dr. David M. Kohl, Professor Emeritus, Virginia Tech University
Mr. Richard Brock, Owner and President, Brock Associates
Dr. Steve Isaacs, Extension Professor, University of Kentucky