Registration Deadline For Dairy Lenders Seminar Is Oct. 27

The deadline to register for the Siouxland Dairy Lender’s Seminar is Friday, October 27. The seminar will be held on Thursday, November 2 at the Forester 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 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. The program begins with registration at 9 am, with programs running from 9:30 am to 4 pm. To register, contact the Sioux County Extension office at 712.737.4230 or email Fred M. Hall at fredhall@iastate.edu for registration information.

September Production Budgets Show Little Change From August

The September 2017 milk production budgets for Iowa and Nebraska compiled by UNL Extension Educator Robert Tigner showed very little change in the budgeted breakeven price for Sept 2017 compared to August. All of the following comparisons will be utilizing the 20,000 pound freestall budget. Total income declined by $0.104 per hundredweight but feed cost declined too, 8.55 cents per hundredweight. Total variable costs were down at 8.7 cents per hundredweight. Return to management declined by 1 cent per hundredweight to $1.81.

Even though the PPD and butterfat prices were lower month over month, BF and protein test rose which offset the loss of component prices.

His detailed report can be found by clicking here:

https://dairy.unl.edu/september-dairy-budget

Tigner will give the the milk outlook at the Siouxland Dairy Lenders Seminar in Rock Rapids on November 2.

Steps For Being A Good Ag Borrower

For over a month I have been working on the first Siouxland Dairy Lenders Seminar in November and have talked to lots of lenders; most are excited to have this program in their “backyard” and like the idea of getting the most current market updates and perspective from industry leaders. But they also pointed out that as they progress toward annual reviews with borrowers, there are things that dairymen can do before the meeting that help make the annual task move smoother.

Continue reading “Steps For Being A Good Ag Borrower”

Siouxland Dairy Lenders Seminar Set For Nov. 2

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.

Continue reading “Siouxland Dairy Lenders Seminar Set For Nov. 2”

Chicago Federal Reserve Sees Some Slow-down In Farm Economy Free Fall

Chicago Federal Reserve Sees Some Slow-down In Farm Economy Free Fall

In their August Agletter the Federal Reserve Bank of Chicago says surveyed ag bankers believe the ag sector may be close “bottom” and ready to bounce back.

Continue reading “Chicago Federal Reserve Sees Some Slow-down In Farm Economy Free Fall”

Financial Education for Dairy Producers offered Aug. 16 in Orange City

Iowa State University (ISU) Extension and Outreach will host “Who Wants to Be a Millionaire? Dairy Edition,” a class geared towards helping dairy producers improve their financial knowledge and bottom line. The class will be held on Wednesday, Aug. 16, from 9:30 a.m. to 11:45 a.m. at the ISU Extension and Outreach – Sioux County office in Orange City.

ISU Dairy Specialist Larry Tranel will present enterprise analysis and information on the Millionaire Model Farm, milking system upgrades including robots, and information on organic and grazing dairies.

Northwest Iowa Extension Dairy Specialist Fred Hall will also share updated information relevant to the drought. He and Tranel will both be available to answer questions.

Hall said that the remainder of the meeting will be somewhat informal and will be driven by the interests and needs of those dairy producers in attendance.

“Dairymen and women who attend will receive information on a variety of financial topics useful for all dairies,” Hall said. “There is no fee to attend, but interested individuals must pre-register by Aug. 14.”

To pre-register for the meeting, contact the ISU Extension and Outreach – Sioux County office at 712-737-4230 or email Hall at fredhall@iastate.edu.

Farm Lending Conditions Update

Nebraska Extension Educator Robert Tigner added a new post to his blog that updates current ag lending conditions across 6 Federal Reserve districts. The commercial banks report increased lending demand for 2017 Q2 compared to 1 year ago. Although year over year loan demand is decreasing in total repayment rates show that ag borrowers are struggling to stay current.

The link is below:

https://redwillowfarmranch.wordpress.com/