August 3, 2016
Watkins Auditorium, Ed Boling University Center


8:00 a.m.
Registration and Continental Breakfast


8:20 a.m.
Welcome and Introduction


8:30 – 9:45 a.m.
Positioning for Success in the Economic Reset
Dr. David Kohl, Professor Emeritus, Virginia Tech University
The agriculture industry is in a major economic transition.  The great commodity super cycle that fueled much of the income statement and balance sheet growth in agriculture is in the rear view mirror.  What will be the emerging trends impacting agriculture and rural America’s bottom line in the short and long run?  What are the latest trends and views in agriculture?  What can you do to position your business for this economic reset? 


10:00 – 10:50 a.m.
Traits of Top Managers
Dr. Matthew Roberts, The Ohio State University
Dr. Roberts will explain how farmers need to think about risk in farming today.  The ultimate risk is of failure; the secondary risk is of being outrun- but balancing these risks has never been as muddled as in today’s markets.  Dr. Roberts will start with a farm’s balance sheet and cash flow and show growers how much risk they can bear, and then how they can use that to be better marketers.

11:00 – 11:50 a.m.
Issues and Outlooks: Ag Policy

Bob Young, Chief Economist & Deputy Executive Director, Public Policy
The USDA released estimates for farm income and for 2016, it is projected to be down from levels seen as recently as 2013.  The bottom line is that farmers are now facing a much different economic environment than was the case in the recent past.  Mr. Young will discuss the issues in Ag Policy, and will give an outlook on what is to come.  “Be cautious, but don’t be afraid.”


12:00 – 12:50 p.m.  Agricultural Finance Luncheon (University Center Ballroom)


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. Matthew Roberts, The Ohio State University
Bob Young, American Farm Bureau Federation