Farm management meeting set for Feb. 17 in Fargo

Presentations will focus on farm finance, risk management, economic updates and precision ag technology.

The Northwest Farm Managers Association will hold its 107th annual meeting for producers and others interested in agriculture on Feb. 17 at the Holiday Inn in Fargo.

Presentations will focus on providing information to help guide producers through the current challenges in agriculture. Topics include farm financial and risk management, grain market outlook and strategies, negotiating land rental arrangements, working with your banker, an update on the U.S. economy and its impact on agriculture, and how to make the most from investment in precision ag technology.

“That Dang Market: Outlook and Strategies,” will be presented by Bill Biedermann, co-founder of Allendale Inc., McHenry, Ill., one of the largest Interactive Brokers brokerage and agricultural economic research firms in the country.

The other speakers and their topics are:

Your farm financial plan when margins are thin – Paul Ellinger, University of Illinois Agricultural Economics Department head. Ellinger has devoted his career to farm finance and risk management.

Economic update and implications for agriculture. – Cortney Cowley, Federal Reserve Bank of Kansas City economist. Cowley will provide the big picture outlook for the U.S. economy.

Making the most of precision ag technology – Terry Griffin, Kansas State University agricultural economist.

Big data on the farm – Shannon Ferrell, Oklahoma State University agricultural economist. Ferrell and Griffin will discuss the economics and legal aspects of precision agriculture.

A bankers perspective: ag producers and bank examiners – Lynn Paulson, Bell State Bank and Trust agribusiness development director. Paulson will provide insight to producers about working with financial institutions.

Determining land rent and managing rental arrangements – Bret Oelke, owner, Innovus Agra LLC, St. Cloud, Minn. Oelke is a consultant with experience in land economics and the dynamics of land owner and renter relationships.

The meeting is open to the public. Registration begins at 8 a.m. and the meeting starts at 9. The fee for attending is $75, payable at the door. The fee includes a noon meal and breaks. For more information, call (701) 231-7393.

–NDSU Extension