All agricultural lenders will receive useful information during the Siouxland Dairy Lender’s Seminar on Thursday, November 2 at the Forrester Community Center in Rock Rapids, Iowa. Lenders who serve agricultural clients and especially lenders who work with dairymen in Iowa, Minnesota, Nebraska and South Dakota are encouraged to attend. This year’s focus is on market outlooks for livestock, grains and dairy, long-term weather influences for agriculture plus dairy finances and ag policy. The program begins with registration at 9 am, with programs running from 9:30 am to 4 pm.
“ Ag lenders know that price risk management continues to be a major variable for profitability in many ag enterprises and understanding the current market trends and risks is a necessary part of farm management assistance”, says NW Iowa Extension Dairy Field Specialist Fred M. Hall. “Lenders working with dairymen have the additional necessity of understanding a complex system of milk marketing, labor inputs and federal policy implications,” continued Hall.
Modeled after the long-running Tri-State Lenders program in Dubuque that has developed a proven record of assisting lenders and farm financial advisors in helping farmers manage risk; Hall notes, “Siouxland lenders will have now have a local source for current information as they begin their annual reviews with clients.”
The list of nationally recognized presenters include; David Oppedahl, Senior Business Economist, Federal Reserve Bank of Chicago presenting “A Fed’s Look at Dairy Economics”; Larry Tranel, ISU Extension Dairy Specialist presenting “Millionaire Model Dairy Farms”; Chad Hart, ISU Extension Economist presenting “Commodity Market Review and Outlook”; Harry Hillaker, Iowa Climatologist presenting “Agricultural Weather Outlook”; and Robert Tigner, UNL Extension Educator presenting “Dairy Market Review and Outlook”.
The cost of the program is $80 for the first person from an institution and $50 for each additional person that have made the registration by October 27. After that date, including at the door all registrations will be $100 and will not include the lunch. To register, contact the Sioux County Extension office at 712.737.4230 or email Fred M. Hall at firstname.lastname@example.org for registration information.
The Iowa State University Extension and Outreach Dairy Team has compiled budgets available to the public.These budgets were prepared as financial decision making tools to current and beginning dairy farmers. Budgets represent conventional, organic and pasture operations.
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