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Tuesday, October 1, 2019

Agricultural Lending School

Start Date: 10/1/2019 8:00 AM MDT
End Date: 10/3/2019 6:00 PM MDT

Venue Name: Eide Bailly Training Room

Location:
7001 East Belleview Avenue
7th Floor
Denver, CO  United States  80237

Organization Name: Independent Bankers of Colorado

Contact:
Maelynn Lewis
Email: mlewis@ibcbanks.org
Phone: 303-832-2000

This Agricultural Lenders School was designed to train early to mid-career lenders specializing in financial agriculture. The school’s three-day curriculum was developed to meet the training needs of agricultural lending institutions. Sessions use practical examples to demonstrate concepts focused on issues critical to successful agricultural lending. Speakers use a balance of presentations, exercises, case studies and a simulation to provide a quality learning experience.
 
Topics include:

  • Introduction to agricultural financial statements
  • Keys to agricultural credit analysis
  • Financial benchmarks and comparative data
  • Practical servicing issues specific to agriculture
  • Legal review and lien documentation
  • Managing agricultural risks
  • Completing the agricultural loan
  • Agribusiness management simulation to illustrate management principles
 
AGENDA
Tuesday, October 1, 2019
8:00 – 8:20 a.m.                   Orientation, Introductions, Registration and Continental Breakfast
8:20 – 9:20 a.m.                   Introduction and Financial Stages in a Farmer’s Life: Effects on Credit Analysis and Exercise 1
9:20 – 9:30 a.m.                   Break
9:30 – 10:30 a.m.                 Introduction to Agribusiness Management Simulation
10:30 – 11:00 a.m.               Cash Flow Statement for Simulation (Projected)
11:00 a.m. – Noon               Make Game Decision 1
Noon – 1:00 p.m.                 Lunch
1:00 – 1:50 p.m.                   Agricultural Financing – guest speaker
1:50 – 2:00 p.m.                   Break
2:00 – 2:20 p.m.                   Balance Sheet – Introduction
2:20 – 2:40 p.m.                   Exercise 2 (Balance Sheet for Frank and Frieda Farmer)
2:40 – 2:50 p.m.                   Answers to Exercise 2
2:50 – 3:00 p.m.                   Break
3:00 –3:10 p.m.                    Deferred Taxes
3:10 – 3:20 p.m.                   Exercise 3 (Deferred Taxes for Frank and Frieda Farmer)
3:20 – 3:30 p.m.                   Answers to Exercise 3
3:30 – 3:50 p.m.                   Cash Flow Statement for Simulation (Actual)
3:50 – 4:00 p.m.                   Return and Discuss Results for Decision 1
4:00 – 5:00 p.m.                   Make Decision 2 and Prepare Projected Cash Flow Statement for Decision 2
6:00 p.m.                               Evening Event at Top Golf
 
Wednesday, October 2, 2019
8:00 – 8:20 a.m.                   Income Statement – Introduction
8:20 – 8:40 a.m.                   Exercise 4 (Income Statement for Frank and Frieda Farmer)
8:40 – 8:50 a.m.                   Answers to Exercise 4
8:50 – 9:00 a.m.                   Break
9:00 – 9:15 a.m.                   Statement of Owner Equity – Introduction
9:15 – 9:40 a.m.                   Exercise 5 (Statement of Owner Equity for Frank and Frieda Farmer)
9:40 – 9:50 a.m.                   Answers to Exercise 5
9:50 – 10:00 a.m.                 Break
10:00 – 10:30 a.m.               Breakeven – Introductions
10:30 – 10:50 a.m.               Breakeven Simulation
10:50 – 11:00 a.m.               Break
11:00 a.m. – Noon               Return and Discuss Results for Decision 2, Prepare Breakeven for Quarter 2 and Make Decision 3
Noon – 1:00 p.m.                 Lunch
1:00 – 1:50 p.m.                   Farm Loan Program – guest speaker
2:00 – 2:15 p.m.                   Cash Flow Statement – Introduction
2:15 – 2:40 p.m.                   Exercise 6 (Cash Flow Statement for Frank and Frieda Farmer)
2:40 – 2:50 p.m.                   Answers to Exercise 6
3:00 – 3:30 p.m.                   Profitability Analysis System for Simulation
3:30 – 4:00 p.m.                   Exercise 7 (Eli, Inc.)
4:00 – 5:00 p.m.                   Discuss Results for Decision 3 and Mark Decision 4
 
Thursday, October 3, 2019
8:00 – 8:20 a.m.                   Collecting Data, Calculating Financial Ratios and Using Comparative Data, Worksheets 1 and 2
8:20 – 8:30 a.m.                   Exercise 8 (Financial Ratios for Frank and Frieda Farmer, Collecting Data, Worksheet 1)
8:30 – 8:35 a.m.                   Answers to Worksheet 1
8:35 – 8:55 a.m.                   Exercise 8 (Financial Ratios for Frank and Frieda Farmer, Worksheet 2)
8:55 – 9:00 a.m.                   Answers to Worksheet 2
9:00 – 9:10 a.m.                   Break
9:10 – 9:30 a.m.                   Repayment Capacity
9:30 – 9:40 a.m.                   Exercise 9 (Repayment Capacity for Frank and Frieda Farmer, Worksheet 3)
9:40 – 9:50 a.m.                   Answers to Worksheet 3
9:50 – 10:00 a.m.                 Break
10:00 – 10:15 a.m.               Profitability Analysis System – Introduction and Worksheet 4
10:15 – 10:40 a.m.               Exercise 10 (Profitability Analysis System for Frank and Frieda Farmer, Worksheet 4)
10:40 – 10:50 a.m.               Answers to Exercise 10, Worksheet 4
10:50 – 11:00 a.m.               Break
11:00 a.m. – Noon               Discuss Results for Decision 4, Profitability Analysis System for Quarter 4 and Mark Decision 5
Noon – 1:00 p.m.                 Lunch
1:00 – 1:50 p.m.                   Preparation for Team Presentations
1:50 – 2:00 p.m.                   Break
2:00 – 3:00 p.m.                   Team Presentations
3:00 – 4:00 p.m.                   Return Results for Decision 5 and Make Decision 6
4:00 – 4:30 p.m.                   Exam
4:30 – 5:00 p.m.                   Answers to Exercise 1, Return and Discuss Decision 6 and Game Summary and Awards
5:00 – 5:00 p.m.                   Exam Results, Certificates and School Picture
 
PRESENTED BY
Leading the school is Freddie L. Barnard, professor emeritus of Agricultural Economics at Purdue University, is a native of Kentucky and received both a B.S. and M.S. in agricultural economics from the University of Kentucky and he leads this program. He received a Ph.D. in agricultural economics from the University of Illinois. He retired June 30, 2017 after serving on the faculty at Purdue University for more than 35 years, where he had Extension and undergraduate teaching responsibilities in agricultural finance and agribusiness management. He also served as Director of the Midwest Agricultural Banking School, which is held each year at Purdue University, a position he held for 36 years. Finally, he has served on the Technical Committee of the Farm Financial Standards Council and as Secretary/Treasurer of the Indiana Chapter of the American Society of Farm Managers and Rural Appraisers.
 
WHO SHOULD ATTEND?
Experienced and novice ag lenders, chief lending officers, and credit analysts would benefit from attending this workshop.
 
REGISTRATION DEADLINE
Friday, September 20, 2019.
 
WHAT YOU NEED TO KNOW
Where
Eide Bailly Training Room, 7001 East Belleview Avenue, Suite 7000, Denver, CO
 
When
Tuesday-Thursday, October 1-3 2019
 
Accommodations
The IBC recommends the DoubleTree Hotel DTC, 7801 East Orchard Road, Greenwood Village, 303-779-6161 or Hyatt Place DTC, 8300 East Crescent Parkway, Greenwood Village, 303-804-0700.  Please note – there are additional lodging opportunities in the surrounding area.
 
Special Arrangements
If you or someone in your party requires special assistance, dietary accommodations, or other needs, contact Maelynn Lewis at 303.832.2000 to make arrangements.  Please provide notice at least one week prior to conference start date.
 
Refund/Cancellation
Written cancellation must be received in the IBC office by Friday, September 20, 2019, and will be subject to a $150 cancellation fee.  NO REFUNDS will be granted after Friday, September 20, 2019; however, a substitute may attend.  The IBC reserves the right to cancel any program for which there is insufficient funds to cover the expense of the program.  In the event of cancellation by IBC you will be notified by either phone or email.  Prepaid registration fees will be refunded. 
 
Dress                                                                                                                    
Dress for the conference is business casual.                                  
 
Parking
Parking is free.