Ag Network

Ag Network
The Ag Network increases ICBM’s involvement in Minnesota agricultural issues, provides more opportunities for bank members to get involved, and offers education sessions focusing on key ag lending issues. Like our other networks, the new Ag Network will provide a forum for ag lenders to learn from guest presenters, tackle challenging industry issues, and share best practices.

Presentation: What makes a Minnesota farm financially resilient? Presented by: Dr. Joleen Hadrich, Associate Professor & Extension Specialist, University of Minnesota

Description:  Farmers have experienced extreme price volatility over the past decade.  But, during this time period some farms have been able to thrive while expanding their operation and increasing their equity position while others have experienced multiple years of low or negative profit.  Dr. Hadrich uses the FINBIN data collected from Minnesota farms to study what allows farms to be financially resilient in the face of input and output price volatility.  

Takeaways: 

  • Knowing your enterprise break-even price is your top priority
  • A team management approach helps farmers make more informed decisions for their business
  • Being nimble and proactive results in success
Pricing: Complimentary for Bank Members only

About the presenter:  Joleen Hadrich is as an Extension economist and associate professor in the Department of Applied Economics. Dr. Hadrich works with agricultural producers to study how farm management decisions affect the financial success of their operation using farm data from multiple sources.   Joleen grew up on a dairy farm in central Minnesota and gets many of her research project ideas form interacting with farmers and the agricultural professionals that support farmers.

 

When
3/24/2021 10:00 AM - 12:00 PM
Where
Online

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