Wednesday, January 26, 2022
7:45 AM - 3:00 PM
Hilton Garden Inn, Findlay, OH
CBAO Member: $239 | Non-Member: $359
Looking to enhance your Ag program, or considering creating one? CBAO’s Ag Summit evaluates economic trends, provides guidelines & best practices, breaks down successful programs and offers valuable resources. Navigating the intricacies of global trade, commodities, tariffs, increasing land values, and much more can be a daunting task for Ag Lenders and credit policy managers. Join us as we prepare a path to be well-positioned for the new year.
(subject to change)
7:45 AM - 8:20 AM
Full Hot Breakfast / Registration
8:20 AM - 8:30 AM
Welcome message and introductions
8:30 AM - 9:30 AM
Ride the bull with a helmet: the agricultural economy in 2022
Greg Lyons - Economist, Farmer Mac
Farmers and ranchers are entering 2022 with strong market prices, surging land values, and more cash on hand than any point since the commodity supercycle. This session will cover early indications of 2022 incomes for producers in Ohio, as well as what pitfalls could knock this bull market on its heels. How deeply will inflation cut into producer profitability? Can we rely on strong agricultural exports if China is a top trade market? Will a rising rate environment end land value growth? This talk will review these and other questions as it seeks to answer just how comfortable lenders can be with the current strong state of the agricultural sector.
9:30 AM - 9:45 AM
9:45 AM - 10:45 AM
Programs offered by the Farm Service Agency for our Ag Lenders and Community Bankers
E. Darren Metzger - Farm Loan Chief, Ohio Farm Service Agency, United States Department of Agriculture
The U.S. Department of Agriculture’s Farm Service Agency (FSA) offers direct and guaranteed loans to farmers and ranchers to promote, build, and sustain family farms for a thriving agricultural economy. Farm ownership, operating and emergency loans are available under the Direct Loan Program. Farm ownership, operating and conservation loans are available under the Guaranteed Loan Program. Our loan programs are intended to be a temporary source of credit for the nation’s farmers and ranchers. The goal of FSA’s farm loan programs is to help farmers and ranchers obtain commercial credit by utilizing both Direct and Guarantee loan programs in a progressive manner to achieve financial success. Once a customer is able to obtain credit from a commercial lender, our mission of providing temporary, progression lending is complete.
10:45 AM - 11:00 AM
11:00 AM - 12:00 PM
Measuring & Analyzing Financial Performance for Agricultural Producers
Freddie L. Barnard - Professor Emeritus of Agricultural Economics, Purdue University
An accurate measure of firm profitability and a complete evaluation of repayment capacity essential in today’s agricultural lending environment. It is common to see the difference between cash net farm income and accrual-adjusted net farm income to be more than 60%. A spreadsheet will be discussed that can be used to not only convert cash net farm income to accrual-adjusted net farm income, but that can also be used to calculate key financial ratios needed to evaluate profitability and repayment capacity. It will then be used to evaluate the sensitivity of changes in revenue and operating expenses on the coverage ratio.
12:00 PM - 12:45 PM
12:45 PM - 1:45 PM
What’s the outlook for Ohio’s pig farmer in 2022?
Cheryl Day - Executive Vice President, Ohio Pork Council
The Ohio pork industry is evolving from the aftershock of the coronavirus pandemic. While barriers exist, the U.S. pork industry are moving confident into 2022. Day will outline the Ohio Pork Industry Outlook for the new year, highlighting the aspects impacting the state’s pig farmers.
1:45 PM - 2:00 PM
2:00 PM - 3:00 PM
Farming the Sun and Wind: Renewable Energy and It’s Future in Ohio Rural Communities
Ryan C. Conklin - Attorney, Wright & Moore Law Co., LPA
Renewable energy projects are peppering the Ohio rural landscape, with dozens of planned sites throughout the state. These projects present special challenges for landowners, neighbors, and community banks in a unique and complex field. This session will examine the common contractual issues facing landowners when dealing with developers, considerations for neighbors, and legal implications for community bankers working with all three parties.
A huge thank you to our generous sponsors:
If you have questions, please email Malia Widder at [email protected]