Economic surprises over the last decade have created unprecedented challenges – and new business opportunities – in agriculture.
David Kohl, author and nationally known speaker on the economics of farming and agribusiness, will talk about those challenges and opportunities at an upcoming ag symposium presented by Bell Bank in Moorhead and Fergus Falls, Minn., Wednesday, Aug. 2.
Kohl will also discuss time-tested business principles that work regardless of business cycles. And he’ll tell farmers what to expect in both domestic and global economics.
That’s something Jonathan Piekarski, a grain farmer near Fergus Falls, Minn., is looking forward to learning more about.
“Part of the price is determined by our ability to sell products abroad,” he says. “If we don’t export grain, the supply gets bigger here at home, and that drives the price down. If we can move more of our commodities out, we have a chance of higher prices.”
Piekarski has attended the last 2 symposiums with Kohl, and says he always learns something interesting.
“He gives you the 40,000-foot view of global economics and current trends as well as pitfalls to avoid – things you need to keep in mind when developing your marketing plan,” Piekarski says.
Kohl, who has conducted more than 6,000 workshops and seminars and has years of experience working with lenders, agribusinesses and institutional leaders, will also discuss land values, oil prices and interest rates – all important for sound, strategic business planning.
“It’s an opportunity to tap into the very best ag finance resource in the country and learn about what factors are impacting the ag economy now and in the future and how that might positively or negatively affect a producer’s operation,” says Lynn Paulson, Bell’s senior vice president and director of agribusiness development.
Paulson, who also writes and speaks about ag lending and the economy, will give his insight on the state of the ag economy and what it means for both lenders and borrowers.
“Today’s producers are extremely busy, especially this time of year, and don’t always have time to keep their fingers on the pulse of all the macro and micro economic events that could impact their operations,” Paulson says. “This event helps producers sort through the wheat and chaff – giving them a focused summary of what is going on in the ag economy and finance world and why it matters to them.”
This is the third year Bell has invited Kohl to speak in the area. The Moorhead and Fergus Falls events drew nearly 400 people last year, and attendance continues to grow every year. Bell is also hosting an ag symposium with Kohl in Sioux Falls, S.D., for our correspondent banking partners Thursday, Aug. 3.
Good to Great in Agriculture: Vision 2025
Dr. David Kohl, ag finance author and speaker
Lynn Paulson, Bell Bank director of agribusiness development
When & Where:
8 a.m. Wednesday, August 2, M State, 1414 College Way, Fergus Falls (breakfast served at 7:30 a.m.)
1:30 p.m. Wednesday, August 2, Courtyard by Marriott, 1080 29th Ave. S., Moorhead (lunch served at 12:30 p.m.)
RSVP by Wednesday, July 26:
To register for the Fergus Falls event, call (218) 998-5605 or email firstname.lastname@example.org
To register for the Moorhead event, call (218) 291-3317 or email email@example.com