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Date:

6/26/15 and 6/29/15

Summary:

Matt Tereshinski, Vice President Agri-Business Loan Officer, discusses the upcoming Ag Gala which will be held on Tuesday, June 30th. The event, emceed by Matt Michels, plans to draw over 400 people and will also feature Secretary of Agriculture, Lucas Lentsch. There will be 8 Agriculture scholarships given away, as well as the “Farm Family of the Year” award. Tickets are still available.

 

Date:

6/19/15 and 6/22/15

Summary:

Nate Franzen, President of the Agri-Business Division, discusses the Beginning Farmer program’s second session which focuses on family business dynamics. There are many challenges that families face when trying to lead a successful farming operation. Jolene Brown will be present at the session to address the issues of healthy family structures, as well as Keep Farmers Farming advisors, to discuss the challenges that lie between generations.

Date:

6/5/15 and 6/8/15

Summary:

Dusty Anderson, Senior Vice President – Agri-Business Development Officer, has joined the Agri-Business team in Yankton. Dusty has worked for First Dakota National Bank since 1998 and was formerly located in the Parkston area. Dusty has a rich background in the Agriculture industry and used to work with the South Dakota Department of Agriculture. Dusty looks forward to continuing to offer top level service to First Dakota customers and the development of new products. First Dakota is sponsoring the South Dakota Cattlemen’s Primetime Gala, which will be held on June 27, 2015. This year’s concert features Billy Currington. For more information on ticket availability, contact the South Dakota Cattlemen’s Association.

 

Date:

5/22/15 and 5/25/15

Summary:

Nate Franzen, President of the Agri-Business Division, discusses First Dakota’s new opportunities in the Pierre Market. The new First Dakota location was acquired from Home Federal Bank and the sale will be official mid-summer. The new location in Pierre provides benefits for First Dakota shareholders, customers and employees. Pierre has a background strong in agriculture and First Dakota is looking forward to coming in and building a great team of Ag bankers to serve Pierre and the surrounding communities and ensure successful farming operations.

 

Date:

5/15/15 and 5/18/15

Summary:

Nate Franzen, President of the Agri-Business Division, discusses crop prospects, tightened margins, and what producers should think about. Is it time to rebalance? Is it time to restructure? Interest rates are still low and producers need to get back to the basic fundamentals. Inspect your balance sheet and make sure your working capital is in order. Do you have a budget for your farm? During good times, many producers did away with budgets and cash flow, but it is time to get back to that and knowing how your business is fairing.

 

Date:

5/1/15 and 5/4/15

Summary:

Jeff Wolfgram, First Dakota Senior Vice President and Dakota MAC Manager, discusses current interest rates. In the last 90 days, rates have steadily dropped lower by a quarter or half a percent. The Fed has been hinting at raising interest rates and Dakota MAC has seen a shift in the products farmers are choosing in an effort to be cautious of what unpredictable commodity prices will bring.

 

 

Date:

4/24/15 and 4/27/15

Summary:

Alan Hojer, Keep Farmers Farming Legacy Consultant at First Dakota National Bank, discusses the important steps in the estate planning process. This process involves looking at farmers assets, what they are valued at, and the amount of wealth that the farm has generated over the last few years. Sitting down with the family and discussing the estate presents an opportunity, as well as a challenge. While only time will tell what the commodity market will do, it is important to plan for the financial management and structure of the farm. 

 

Date:

4/9/15 and 4/12/15

Summary:

Nate Franzen, President of the Agri-Business Division, discusses First Dakota’s new program, Keep Farmers Farming, and the three areas they specialize in to ensure a long lasting legacy for farmers and their farms for generations to come. They focus on three areas: Strategic Planning, Best Business Practices, and Estate “Legacy” Planning. Nate said the Keep Farmers Farming program has surprised them with its success over the course of just one year after it was launched at DakotaFest. This program gives farmers and ranchers peace of mind, a better operation, and ensures that Legacy for years to come. 

 

Date:

3/30/15 and 4/3/15

Summary:

Nate Franzen, President of the Agri-Business Division, talks about the first session of the Beginning Farmer Program and the impact it leaves on him personally. The program is made up of 23 families, spouses included, and Nate says it is really energizing to see people excited about the agriculture industry and to see the family dynamics represented by each couple. The first session is focused on financial management and features Dr. David Kohl, who stresses the importance of knowing your numbers as financial margins tighten.  

 

 

Date:

3/13/15 and 3/16/15

Summary:

Nate Franzen, President of the Agri-Business Division, talks about why Agriculture is the number one industry in the State. Agriculture in South Dakota creates $26.5 billion in yearly economic impact and is responsible for 1 in every 5 jobs throughout the State. It serves as a great backbone for South Dakota and the surrounding region, and First Dakota is proud to support and celebrate the industry. National Agriculture Week is March 16-21, 2015.

 

Date:

3/2/15 and 3/6/15

Summary:

Nate Franzen, President of the Agri-Business Division, just returned from Washington, D.C. He attended the USDA Outlook meeting and received an outlook from the Chief Economist as well as Ag Secretary Tom Vilsack. The outlook was more positive then expected knowing commodity prices have dropped significantly. Also while in Washington, Nate visited with the South Dakota Ag and Rural Leadership group. A very significant observation is that Ag and South Dakota Ag need to stay united. Have to have a united voice to build consensus. Listen here to learn more.

 

 

Date:

2/16/15, 2/20/15, 2/23/15 and 2/27/15

Summary:

Nate Franzen, President of the Agri-Business Division, talks about renewal season. How do you prepare for 2015? How do you prepare for challenging times? The first step is to do everything you can to position yourself. A few ideas is to refinance debt and/or restructure your balance sheet to be best prepared for the tighter margins. Listen here to learn more.

 

Date:

1/30/15, 2/2/15, 2/6/15, 2/9/15 and 2/13/15

Summary:

Dr. Brent Gloy, founder of the Purdue’s Center for Commercial Agriculture, talks about strategies of managing in this tougher ag environment. The first suggestion is to make sure you have a good cash position and good operating credit. Now is the time to look at your balance sheet structure. Dr. Gloy encourages farmers to get their fixed cost under control. Listen here to learn more.

 

Date:

1/23/15 and 1/26/15

Summary:

Nate Franzen, President of the Agri-Business Division, AgriVisions is January 26 and 27. First Dakota has invited Dr. Brent Gloy - co-founder of the Purdue’s Center for Commercial Agriculture, PhD ag economist and has recently left his post with Purdue to return to the family farm in southwest Nebraska. He will talk about management strategies in this environment. Mark your calendar and plan to attend. Listen here to learn more.

 

Date:

1/12/15, 1/16/15, and 1/19/15

Summary:

Nate Franzen, President of the Agri-Business Division, talks about how farmers are in the process of signing up for the new farm bill. The first thing they have to do is update their base acres and yields by February 28. The sooner you deal with these decisions the better. The other real key is whether to go with PLC, ARC-County or ARC – Individual, this decision needs to be made by March 31. Listen here to learn more.

 

Click here for past segments of AgriVisions WNAX 570 AM