Farm Credit Services of Mandan’s Next Generation Workshop
Tuesday, November 7, 2017 at the FCS AgriBusiness Center in Mandan
Farmers and Ranchers: Plan to attend this one day risk management workshop complementary of Farm Credit Services of Mandan. Producer education is part of our long term commitment to support agriculture and rural communities with reliable, consistent credit and financial services, today and tomorrow.
Program (local time)
9:00 a.m. – Registration, Continental Breakfast, and Welcome
9:30 a.m. – “Managing Risk in a Volatile Environment”, Moe Russell, Russell Consulting Group
11:00 a.m. – break
11:15 a.m. – “Behavior Economics: Decision Making in a Down Market”, Dr. Raymond Massey, University of Missouri Extension
12:15 p.m. – Complimentary Lunch
1:15 p.m. – “Weather Trends”, Adnan Akyuz, NDSU Climatologist
2:00 p.m. – Break
2:15 p.m. – Succession Tax Planning Issues, Pam Geiger, FCSM Lead Tax Specialist
2:45 p.m. – PRF ‘Rainfall’ Insurance, Carla Tausend, FCSM Director of Insurance Services
3:00 p.m. – Evaluation and Door Prizes
About our Keynote Presenters:
Moe Russell: Moe is the co-founder of Russell Consulting Group, a leading provider of marketing and financial advice to crop and livestock producers. Previously, he spent 26 years with Farm Credit Services in Omaha in the lending division. He is also on the faculty of “The Executive Program for Agriculture Producers” (TEPAP) at Texas A&M University. Moe has a degree in Agriculture Business from Iowa State and an Executive MBA from University of Nebraska. He grew up on a diversified grain and livestock farm in Iowa and is still involved in production agriculture.
Moe will take a 30,000 foot view of the ag industry, worldwide, the opportunities, challenges, and potential. He relates our current environment to long term cycles. He then gets to ground zero and explains how farmers can develop easy to use plan to manage their farm business and achieve their profit goals.
Dr. Ray Massey: Ray is an economist with the commercial agriculture program focusing on the interaction between production agriculture and the environment. He has a Doctor of Philosophy – Agriculture Economics from Oklahoma State University, a Masters of Agriculture Economics, and a Bachelor of Science in Animal Science from New Mexico University.
Dr. Massey’s risk management presentation will introduce the participants to behavior economics and how it has been used to help famers understand how their decisions may differ when they are in financial stress than when they are not. Two concepts are discussed are 1) farmers are loss averse as opposed to risk averse, and 2) decision are influenced by the decision frame of the decision maker
This workshop is free to all producers however to plan for meeting room space and meals, Please RSVP by November 1st.
Register on-line here: https://farmcreditmandan.com/events/event/fcs-next-generation-workshop-producers/