Event Calendar

Thursday, July 22, 2021

Agricultural Businesses-Measuring Financial Condition & Performance Workshop

Start Date: 7/22/2021 8:30 AM MDT
End Date: 7/22/2021 3:30 PM MDT


Organization Name: Independent Bankers of Colorado

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

Measuring Financial Condition & Performance for Agricultural Businesses Workshop
 
How can I evaluate agricultural loan repayment alternatives in a timely and cost-effective manner? The agricultural lending environment has changed dramatically from the generally profitable 2006-2013 period. During the periods that followed, principal payment on term debt from capital purchases made during more profitable times remained. The result was varying degrees of financial stress among agricultural borrowers. Now, prices have improved, but for how long? A review of the financial information needed to make informed decisions and a spreadsheet that can be used to evaluate repayment alternatives will be covered during this workshop. The effectiveness of changes in operating strategies and loan terms on repayment capacity and breakeven are evaluated for different levels of financial leverage. Join us for this one-day workshop focused on which changes are effective and which ones are not during this challenging lending environment.
 
Seminar Topics
  • Introduction, Current State of Farm Financial Reporting in Agriculture
    • Practical Exercise 1
  • Balance Sheet
    • Practical Exercise 2
  • Deferred Taxes-Review with Emphasis on Tax and Other Expenses
    • Practical Exercise 3
  • Accrual-adjusted Income Statement
    • Practical Exercise 4
  • Statement of Owner Equity
    • Practical Exercise 5
  • Cash Flow Statement
    • Practical Exercise 6
  • Financial Ratio Analysis
  • Breakeven Analysis and Evaluating
  • What to Watch on Your Financial Indicator Dashboard
Agenda
8:30 a.m.          Program Begins
11:30 a.m.        Lunch
12:30 p.m.        Program Resumes
3:30 p.m.          Program Adjourns
 
Audience
This workshop will be valuable for entry-level agricultural loan officers, credit analysts who have less than five years of experience, anyone looking to enter agricultural lending or seeking a refresher.
 
Meet Your presenter
Leading the workshop is Dr. Freddie L. Barnard, professor emeritus of Agricultural Economics at Purdue University. Dr. Barnard is a native of Kentucky and received both a B.S. and M.S. in agricultural economics from the University of Kentucky. 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’s held for 37 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.
 
Registration Pricing
 
IBC Education Member  
First registrant $300
Additional registrants $250
Unlimited registrations $700
IBC Member  
First registrant $350
Additional registrants $300
Unlimited registrations $800
IBC Non-members  
First registrant $600
Additional registrants $550
Unlimited registrations $1,400
 
Registration fee is per connection/person except when the unlimited registrations option is used. The conference will be conducted via GoToWebinar. You will receive connection information prior to the workshop. Registration deadline is one week prior to the offering. Cancellation Policy: Written cancellation (email acceptable) must be received on or before Friday, July 9, 2021, and will be subject to a $100 cancellation fee. NO refunds will be granted after Friday, July 9, 2021; however, a substitute may attend. 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 registration fees will be refunded.