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AgriVisions WNAX 570 AM
Keep Farmers Farming
Financial Locator Worksheet
Trip to Sri Lanka
Trust & Investment Bankers
4/9/15 and 4/12/15
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.
3/30/15 and 4/3/15
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.
3/13/15 and 3/16/15
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.
3/2/15 and 3/6/15
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.
2/16/15, 2/20/15, 2/23/15 and 2/27/15
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.
1/30/15, 2/2/15, 2/6/15, 2/9/15 and 2/13/15
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.
1/23/15 and 1/26/15
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.
1/12/15, 1/16/15, and 1/19/15
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
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