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Date:

10/17 and 10/20

Summary:

Nate Franzen, President of the Agri-Business Division, talks about stress testing. Stress testing is what the Bank does to manage risk.. We can also take these what/if scenarios to our customers to help them manage risk. We look at our customers portfolio and run what/if scenarios. Then we look at areas where maybe they can change a few things to make the risk manageable. We look at things like a decrease in revenue. We also shock machinery and equipment values. Real estate values are no different. The changes might  be restructuring loans. It might be tightening the belt. Might be renegotiating rental terms. Stress testing points to the areas that may be weak. Listen here to learn more.


Date:

10/10 and 10/13

Summary:

Nate Franzen, President of the Agri-Business Division, talks about the pull back in grain prices. How can First Dakota say they are committed to producers in good and bad times. First Dakota does certain things strategically and from an educational standpoint to make sure our team members and producers are ready to overcome volatility. That wouldn’t happen without a great team of lenders. Some of our senior team members have gone through the ‘80’s . We tag those lenders with the newer lenders and have them work together. First Dakota is ready to work with producers.  Listen here to learn more.

Date:

9/29 and 10/3

Summary:

Nate Franzen, President of the AgriBusiness Division, talks about the low grain market environment. Have heard talk out there of a few ag lenders getting cold feet. We want our customers and the ag industry to know that First Dakota is committed to agriculture. We built our Ag Finance team around being there in the good times and the bad times, as well. First Dakota focuses on the 3 C's of superior ag banking: Conservative in the good times; Courageous in the bad times; but Consistent all the time. We want to help our clients do the things they can do to weather the storm. Listen here to learn more.


Date:

9/15, 9/19, 9/22 and 9/26 

Summary:

Nate Franzen, President of the AgriBusiness Division, talks about the low grain prices. What do producers need to be doing? Now is the time to look at your operation and ask yourself-is it as lean and mean as it can be? One way to stress test yor operation is to run projected cash flows under today's scenerio. Be nimble and willing to make adjustments. Listen here to learn more.  


Date:

9/8 and 9/12 

Summary:

Nate Franzen, President of the AgriBusiness Division, talks about ag marketing. Grain prices are really low and people are feeling like why didn't I forward price my grain. Looking back has very little value, so continue to look forward and work your marketing plan. There is more risk today in the cattle business than we have seen in a long time. Make sure you have a solid marketing plan to protect yourself. Listen here to learn more.
 

Date:

8/29, 9/1, and 9/5 

Summary:

Nate Franzen, President of the AgriBusiness Division, discusses the Beginning Farmer program which ended in late 2013 and was very successful. We are starting to encourage people to apply, which the program will start in early 2013. Go to FirstDakotaAg.com to apply. This is a one year program. We will really focus on education. Listen here to learn more.  


Date:

8/22 and 8/25

Summary:

Nate Franzen, President of the AgriBusiness Division,wraps up DakotaFest. First Dakota launched our Keep Farmers Farming Program at DakotaFest this year. We also had Jolene Brown available to talk about succession and legacy planning. First Dakota feel really good about what Keep Farmers Farming can do for farmers and ranchers. Listen here to learn more.


Date:

8/11, 8/15 and 8/18 

Summary:

Nate Franzen, President of the AgriBusiness Division,talks more about First Dakota Ag's new department - Keep Farmers Farming. We are excited to highlight this new department at DakotaFest this year. Our real focus in this program is that it is a consulting division of the bank. We want to talk about strategic planning and succession planning. We want to make sure transitions between generations will be smooth and seamless. We want to help you keep planning private and not public. We also invite you to DakotaFest to hear Jolene Brown on Wednesday, August 20 at the SDSU educational tent from 10 am - 11 am. Listen here to learn more.

Date:

8/1, 8/4 and 8/8

Summary:

Nate Franzen, President of the AgriBusiness Division,invites you to DakotaFest on August 19 - August 21. First Dakota will be introducing their Keep Farmers Farming Department during the show. First Dakota is sponsoring Jolene Brown in the SDSU educational tent on Wednesday, August 20 from 10am - 11am. Jolene will be talking about succession planning. Also visit First Dakota at their tent at the corner of 2nd and Main Streets. Listen here to learn more.


Date:

7/21 and 7/25

Summary:

Nate Franzen, President of the AgriBusiness Division, discusses the ABA Ag and World Bankers committee. This committee is 100% in tune with Ag issues and issues for Ag Bankers. We are in touch with political enviroment for agriculture, farm bill, ag banking issues, plus more. Listen here to learn more.


Date:

7/11, 7/14 and 7/18

Summary:

Nate Franzen, President of the AgriBusiness Division, discusses the markets. This is certainly a year to be foward pricing and protecting profit margins. Costs are high, so forward pricing needed to be done to maintain profitability. Listen here to learn more.


Date:

6/27 and 6/30

Summary:

Nate Franzen, President of the AgriBusiness Division, discusses First Dakota's new Division - Keep Farmers Farming. Our legacy consultants will facilitate strategic planning and help with succession and estate planning. There are lots of assets to protect in agriculture and we are here to help with that. Listen here to learn more.
 

Date:

6/20 and 6/23

Summary:

Nate Franzen, President of the AgriBusiness Division, discusses the upcoming Governor's Ag Summit. Prior to the Summit, First Dakota is bringing together their Ag Advisory Board to discuss strengths and weaknesses of the Bank and Agriculture overall. The Ag Advisory Board concept is something each and every farm operation could use. Listen here to learn more on how an Ag Advisory Board could work for you.
 

Date:

6/13 and 6/16

Summary:

Nate Franzen, President of the Agri-Business Division, talks about the Yankton Ag Gala to be held on Tuesday, June 17. This year the Gala will be held at the 4-H grounds. Lt. Governor, Matt Michels will emcee the event and SD Secretary of Agriculture, Lucas Lentsch will be the keynote speaker. The Chamber will award 4 PAY scholarships and the Farm Family of the year. Listen here to learn more.
  

Date:

6/2, 6/6 and 6/9 

Summary:

Nate Franzen, President of the Agri-Business Division, talks about the South Dakota Cattlemen's Primetime Gala event to be held on June 14, 2014. Concert is Gary Alan and Brett Eldredge held at the Sioux Falls Convention Center. This is a charity event and Cattlemen's have picked Feeding South Dakota. Tickets are still availabe for the concert. Listen here to learn more.

Date:

5/23, 5/26 and 5/30

Summary:

Nate Franzen, President of the Agri-Business Division, talks about the South Dakota 4-H capital campaign and the new exhibit hall they are putting on the South Dakota State Fairgrounds. We encourage others who are passionate about ag and the future of ag to strongly consider the effort. 4-H is important to First Dakota because of the life skills learned and taught. 4-H is a very valuable program for the development of our children. Listen here to learn more.

Date:

5/16 and 5/19

Summary:

Nate Franzen, President of the Agri-Business Division, discusses production risk management. As the crop is starting to come up, what can you do as the crop comes up to eliminate stress on that crop. Inputs and values are higher than they ever have been. Pay attention and protect those input costs and watch the values.  Listen here to learn more.

Date:

5/2 and 5/5

Summary:

Nate Franzen, President of the Agri-Business Division, discusses the livestock disaster program that is part of the recently passed Farm Bill. Registration is available now, call your county FSA office to look into this. This is retroactive and goes back to the drought of 2012. These livestock programs are perpetual and will not expire when the Farm Bill matures. Listen here to learn more.

Date:

4/18 and 4/21

Summary:

Nate Franzen, President of the Agri-Business Division, discusses information shared at the South Dakota Bankers Association Ag Credit conference. Dr. Alan Featherstone from Kansas State University really presents some strong data to give us a dose of reality. He talks about debt levels being higher than the USDA says they are. The other part of his case is Ag asset values have inflated much higher this time than in the 70's and 80's. Working capital  is vital. Fixing interest rates will help you manage interest rate risk. You also need to manage debt levels. Listen here to learn more. 
 

Date:

4/4 and 4/7

Summary:

Nate Franzen, President of the Agri-Business Division, talks about SDARL (South Dakota Ag & Rural Leadership program). Class 7 is graduating this weekend. This is a great leadership program. Some of the leaders who have graduated from the program include two of our Secretary's of Ag. This a great program listen here to learn more and go to their website at sdarl.org.

Date:

3/28 and 3/31

Summary:

Nate Franzen, President of the Agri-Business Division, talks more about National Ag Week this week. This is a fun time to celebrate our number 1 industry. First Dakota takes a great amount of pride working with those in the Ag industry. We work hard to be more than a traditional Ag Bank, we try hard to do our part to make Ag a stronger industry. Listen here to learn more.


Date:

3/21 and 3/24

Summary:

Nate Franzen, President of the Agri-Business Division, talks about National Ag Week March 23 - March 29. The Ag sector is a smaller part of the population and we need to inform those who aren't in ag what we do. We need to tell our story. Listen here to learn more.
 

Date:

3/14 and 3/17 

Summary:

Nate Franzen, President of the Agri-Business Division, just returned from the American Bankers Association Ag Committee meeting in Washington, D.C. The focus of the meeting was on the Farm Bill. The implementation process is important because this is a complicated bill and it is a different bill. There are lots of changes in this bill. Rule writing will be vital to successful implementation. Listen here to learn more.

Date: 

2/21 and 2/24

Summary:

Dr. Jason Henderson, Director of Extension Purdue University, talks about change in the Feds economic policy. We have seen a period of moderate growth rates. There is a lot of money and stimulus in the economy. Stock market rally is not over. Listen here to learn more.


Date: 

2/14 and 2/17

Summary:

Dr. Jason Henderson, Director of Extension Purdue University, talks about agricultural cycles. How is this farm boom going to end, is it simply going to fade or bust? How are high rent prices going to adjust? What will happen to land values? Listen here to learn more.


Date: 

2/7 and 2/10

Summary:

Nate Franzen, President of the Agri-Business Division, talks about the upcoming AgriVisions 2014 seminars. First Dakota is excited to have Dr. Jason Henderson as the presenter. Dr. Henderson spent most of his career working as a Senior Ag Economist for the Kansas City Federal Reserve. In August, he moved to the Director of Extension at Purdue University. Dr. Henderson will speak in Yankton on February 10 and in Crooks and Mitchell on February 11. Go to FirstDakotaAg.com to learn more about AgriVisions 2014.


Date: 

1/17 and 1/20

Summary:

Nate Franzen, President of the Agri-Business Division, talks about upcoming AgriVisions 2014. First Dakota has invited Dr. Jason Henderson, Director of Extension at Purdue University. Prior to Purdue University, Dr. Henderson was the Senior Ag Economist for the Kansas City Federal Reserve. Dr. Henderson has a good feel for land values, what is $4 corn going to do to land values, where are interest rate heading; all the things a lot of ag producers have on their mind as we head into the environment we are in. Dr. Henderson will speak in Yankton on February 10 and in Crooks and Mitchell on February 11. Go to FirstDakotaAg.com to learn more about AgriVisions 2014.


Date: 

1/10 and 1/13

Summary:

Jeff Wolfgram, Senior Vice President and Manager of Dakota MAC, discusses interest rates. Overall, we are still in an environment where interest rates are low. It’s not too late to talk about long term fixed rate ag real estate loans. Dakota MAC funds can be used for purchasing real estate as well as refinance other debt. Listen here to learn more.


Date: 

1/3 and 1/6

Summary:

Nate Franzen, President of the Agri-Business Division, discusses the importance of Marketing Plan, especially in since margins and prices have changed so much. We definitely need to sharpen our pencils and get our skills to where they need to be, and a good Marketing Plan is the start. A few things you definitely need to know to have an effective Marketing Plan are: break-even points, cost of production, price points, and time lines. Listen here to learn more.


Date: 

12/20 and 12/23

Summary:

Nate Franzen, President of the Agri-Business Division, wishes everyone happy holidays. This is the time of year, were we can reflect on the past year and be happy at where we are at. Going into 2014, we have several reasons for optimism, but it will be a different environment. Listen here to learn more.


Date: 

12/13 and 12/16

Summary:

Nate Franzen, President of the Agri-Business Division, just finished up the 2nd session of Growing American Farmers and RanchersSM AgriVisons® Beginning Farmer program. Final session was last week in Sioux Falls. We had a strong session on strategic planning, along with economic outlook and some global prospective. Future classes will be offered every other year. Next class will begin January 2015. Listen here to more.


Date: 

11/29, 11/22 and 12/6

Summary:

Nate Franzen, President of the Agri-Business Division, just returned from the American Bankers Association Ag Lenders Conference in Minneapolis. What were some of the trends covered at the conference? 1) Return to normalcy – get back to the basics, as well as nickels and dimes are important again. 2) Global things are changing – we are moving towards ROW (Rest of the World). Listen here to more.


Date: 

11/18, 11/22 and 11/25

Summary:

Nate Franzen, President of the Agri-Business Division, just returned from the American Bankers Association Ag Lenders Conference in Minneapolis. This conference had a global twist, since 19 foreign ag bankers came to the conference. Following the conference, the foreign bankers spent a couple days at First Dakota learning about American Agriculture and Ag Financing in America. Listen here to learn more.




Click here for past segments of AgriVisions WNAX 570 AM