2014 NDBA Ag Credit Conference - North Dakota Bankers Association

2014
NDBA
Ag Credit
Conference
October 2-3 • Holiday Inn • Fargo ND
2014 NDBA Ag Credit Conference
Wednesday, October 1 1:00 p.m.
Optional Golf Event at Oxbow Country Club
This professionally designed golf course was created by one of today’s most
accomplished golf course architects Robert Trent Jones JR. His use of ponds
and the famous “Oxbow” lend challenging playability features and natural
beauty to the course.
Thursday, October 2
8:00-8:30 a.m. Registration & Continental Breakfast
8:30-8:35 a.m. Welcome by NDBA Agriculture Committee Chair Jim Leier
8:35-10:00 a.m. “Straight Talk about Agriculture and the Economy” Dr. David Kohl, Agrivisions, Blacksburg VA
The transition and evolution of the agricultural landscape has been fueled by the great commodity super cycle.
Record high commodity prices and land values are directly impacted by global and domestic economic variables, making agriculture a high stakes business. Now that the cycle is in transition, what do agribusinesses, producers and lenders need to observe? What are the practices of “cut above” bankers? Don’t miss this high-energy session filled with valuable up-to-date information.
10:15-11:00 a.m.
Panel Discussion: “Next Generation Farming and Ranching: Do Your Customers have a Succession Plan?”
Session moderated by Dr. David Kohl
11:00 a.m.-12:30 p.m.
“The Rise of a Patriarch – The Fall of a Family Business”
Doug Box, Box Family Advisors, Dallas TX
Doug will share a very personal story of how his father, Cloyce Box, built an oil and gas empire from scratch. Hear how the phenomenal rise of this remarkable man was followed by an equally dramatic fall under Generation 2.
The Box story is an all-too-common tale of how a dearth in succession planning contributed to the loss of the
business and severely strained a number of family relationships. You’ll leave with a number of key lessons every family enterprise should hear.
12:30-1:30 p.m.
Luncheon and Roundtable Discussions
1:30-2:30 p.m. “Lending to Entities in North Dakota”
John Foster and Tracy Kennedy, Zimney Foster, Grand Forks ND
Foster and Kennedy, in their informative and entertaining way, will cover sole proprietorships, LPs, LLPs, LLLPs, Corps and LLCs. This is a particularly sticky matter, especially when so many farmers cluster up with others every year to form (for example) sugar beet growing entities, such as LPs or Joint Ventures, and sometimes banks get
confused as to who or what they are lending to and from whom or what they are taking security, and more often than not the farmer-formed clusters themselves don’t form their entities properly with the State.
2:45-3:45 p.m. “Marketing Topic: How to Trade around USDA Reports”
Tom Grisafi, Advance Trading, Demotte IN
You won’t want to miss Tom’s interpretation of the markets and how he searches for new opportunities each and every day.
4:00-5:00 p.m. “The Great Industry of Agriculture”
Sponsored by:
Mike Pearson, Market to Market, Des Moines IA
Get ready to laugh and learn as Mike Pearson takes you on an entertaining journey – a look ahead at the outlook for the farm markets and global trends impacting these markets. Farmer, banker and Market To Market host Mike
Pearson keeps viewers informed as host of the “Weekly Journal of Rural America.”
5:00-6:30 p.m.
Reception
“Extraordinary Leadership for North Dakota Banks”
2014 NDBA Ag Credit Conference
Friday, October 3
7:15-8:00 a.m. Hearty Breakfast Buffet
8:00-9:30 a.m.
“The U.S. Economy in 2014: The Fed and Your Business” Sponsored by:
Dr. Edmond Seifried, Lafayette College, Easton PA
The Fed began to taper in December 2013 and the move was well received by the markets. Early reaction to the continuation of the tapering in early 2014 was not as positive. Financial market participants must be alert to
sudden changes in Fed policy and adjust pricing, lending and investment decisions accordingly. The Fed has declared that it will accelerate the tapering of its bond purchases if labor market and inflation results move towards its longer-
run objective. Join us as Dr. Ed reviews the state of the economy and interprets the latest Fed policies.
9:45-10:45 a.m.
“Finding the Right Balance in 2014: Agriculture, Politics and More from Washington”
John Blanchfield, American Bankers Association, Washington DC
Blanchfield returns with a report on the newly passed Farm Bill, takes a skeptical look at the health of the farm economy, and gives an update on the Farm Credit System. Did the debate over the 2014 Farm Bill signal a
fundamental change in how future Farm Bills will look? Does the new Farm Bill reduce ag banking risk or increase risk?
10:55-11:35 a.m.
“UAV Technology and Using Big Data in Agriculture”
Kris Poulson, North Country Ag Services, Casselton ND
Discover how data can benefit farmers. Poulson will explain how using processes data to its fullest can help farmers increase yields, minimize inputs, make better marketing decisions and be better overall stewards of the land.
The process comes from layering many data sets – such as yield, planted data, weather data, spraying and fertility records, satellite data and data captured from a UAV – together.
11:45 a.m.-1:00 p.m.
Closing Luncheon and Speaker:
“Separating Your Organization from the Competition”
Sponsored by:
Steve Scheel, Scheels, Fargo ND
Steve will address two opportunities we can relate to: how to separate your organization from all others by making it stand out in the eyes of your customers and how to change some old personal leadership habits to become a much
better leader of people. Join us for this inside look at one of North Dakota’s most successful private companies.
Who Should Attend
This conference is tailored so both entry-level lenders and experienced ag
loan officers will gain valuable information.
Conference Attire
The suggested attire for the conference, including the reception and
meetings, is business casual.
Lodging
A block of rooms has been reserved at the conference hotel for
Wednesday, Oct. 1 and Thursday, Oct. 2. Room rate: $104/night
Holiday Inn Fargo
3803 13th Ave S
Fargo ND 58103
Phone: 701.282.2700 or 877.282.2700
Reservations may be made by calling the hotel. Be sure to mention NDBA
to get the group rate. The block of rooms will be held until September 3.
Registration Fees
Register by September 5 and save! Early registration fees are $345/
members and $525/nonmembers and include entrance to sessions,
breakfasts, lunches, refreshment breaks, conference materials and the
Thursday evening reception.
NDBA Agriculture Committee
Chairperson
Jim Leier, Bank of North Dakota, Bismarck
Vice-Chairperson
Dianne Pierce, Dakota Western Bank, Scranton
Members
Russ Angen, The Goose River Bank, Mayville
Bruce Baer, Choice Financial, Belfield
Matt Beneda, First United Bank, Grafton
Jared Bullinger, American Bank Center, Dickinson
Wade Grenier, Rolette State Bank
Jeff Gronos, McKenzie County Bank, Watford City
Linda Rudolph, Northland Financial, Steele
Greg Stemen, First State Bank of ND, LaMoure
Rory Timm, Unison Bank, Jamestown
Jason Tryan, Choice Financial Group, Grafton
Trent VanDyke, Bank Forward, Jamestown
Brian Walz, Dacotah Bank, Minot
Lee Weisbeck, Starion Financial, Mandan
Mike Youngs, Garrison State Bank, Garrison
NDBA Board Liaisons
Craig Johnson, Merchants Bank, Rugby
Ron Palczewski, Dakota Western Bank, Bowman
2014 NDBA Ag Credit Conference Keynote Speakers
John Blanchfield
Tracy Kennedy
John Blanchfield is senior vice president and director
of the American Bankers Association’s Center for
Agricultural and Rural Banking in Washington,
DC. He has been with ABA for 24 years. The ABA
Center for Agricultural and Rural Banking is focused
on government relations for the agricultural banking
industry; works with USDA to help develop new
programs that help farmers and ranchers access capital;
and helps to increase the professionalism of agricultural
Tracy Kennedy joined the Zimney Foster law firm in
Grand Forks in 1999. She is a shareholder and director
of the firm, where her practice is devoted to banking
law, commercial and business law, creditor’s rights and
agricultural lending and credit transactions. Kennedy
earned her bachelor’s degree from Minot State
University and her J.D. degree from the University
of North Dakota School of Law, where she is adjunct
Doug Box
Mike Pearson
Doug Box formed Box Family Advisors in 2005. Son
of legendary oilman and entrepreneur Cloyce Box,
Doug worked in a family business all of his life. When
his father (who was then CEO of the publicly traded
company) died suddenly, a family ordeal that would last
four years ensued. As president of the family holding
company, Doug led the sale of the family oil and gas firm
under heavily-conflicted circumstances. Recognizing an
unfulfilled need from his family’s experience, Doug has
made a commitment to help families who work together
to achieve the best possible results.
John Foster
John Foster is an attorney with Zimney, Foster P.C.
in Grand Forks. His practice is devoted to banking
law, commercial transactions and creditors’ rights
in bankruptcy. Foster graduated cum laude from the
University of Wisconsin and received his Juris Doctor
degree with distinction from UND School of Law. He
teaches at UND School of Law and lectures on UCC,
bankruptcy and creditors’ rights issues. He has been
honored in Harvard Law School’s “Best Lawyers in
America” since 1987, and in “Chambers USA Leading
Lawyers for Business” since 2003.
Tom Grisafi
Tom Grisafi is a commodity risk management advisor at
Advance Trading, Inc. He also operates Ag Squawk, a
weekly discussion among farmers talking shop. Tommy
previously operated Indiana Grain Company from his
basement trading platform and is a 21-year member and
trader of the Chicago Board of Trade. Catch Tommy
on Twitter @IndianaGrainCo or call him at 1.855.737.
FARM.
Dr. David Kohl
For 25 years, Dr. David Kohl was professor of
agricultural finance and small business management
and entrepreneurship in the Department of Agricultural
and Applied Economics at Virginia Tech in Blacksburg,
Virginia, where he is now Professor Emeritus. He is
also president of AgriVisions, LLC, a knowledge-based
consulting business. Kohl is also a business coach and
part-owner of Homestead Creamery, a value-added
dairy business.
Mike Pearson was raised in south central Iowa, attended
Simpson College, where he majored in history, and
continued to run the family farm south of Winterset, IA.
After graduation he moved to Grinnell, Iowa, where
he lives with his wife, Heidi. He is currently a farmer,
broadcaster and agribusiness exec.
Kris Poulson
Picture
Not
Available
Kris Poulson, CEO of North Country Ag Services in
Casselton, grew up on a family farm and graduated from
NDSU with a degree in agriculture economics. After
graduation, he went back to the family farm and also
started selling Pioneer Brand seed with his dad. After
a few years, he started a crop insurance business; he
still operates all of those businesses. In 2012, Poulson
started North Country Ag Services, a data processing
and analysis company for farmers.
Dr. Ed Seifried
Dr. Ed Seifried is a valued educator for community
bankers across the nation. For nearly 30 years, he served
as professor of economics and business at Lafayette
College in Easton, PA, where he carries on his tenure
as Professor Emeritus. Seifried is recognized for his
keynote speeches and has been on the faculty of many
banking schools. He currently co-chairman of Seifried
& Brew LLC and executive director of the Sheshunoff
Affiliation Program. Steve Scheel
Steve Scheel was born and raised in Fargo and
graduated from Fargo Central High School and St.
Olaf College with degrees in U.S. history, economics,
and political science. He served in the US Army
from 1969–1971. Steve joined Scheels in 1972 and
managed Scheels stores in Fargo, Moorhead, and
Sioux Falls before taking over as President, CEO, and
Chairman in 1989. Steve currently serves as CEO and
Board Chair for Scheels, with over 5,400 associates
and 24 stores in 10 states. Scheels currently operates
the twelve largest sporting goods stores in the USA.
Scheels Corporate Headquarters is located in Fargo.
Questions about the conference?
Call NDBA’s SVP of Education Dorothy Lick at 701.223.5303
2014 NDBA Ag Credit Conference
October 2-3, 2014
Holiday Inn, Fargo ND
Location
Registration Fees
Register by September 5 and save! Fees listed are per person. Advance
After Sept. 5
NDBA Member
$345
$365
Nonmember
$525
$545
Holiday Inn Fargo
Optional Events (select when registering)
Golf at Oxbow Country Club
$80
Lodging
3803 13th Ave S
Fargo ND 58103
Phone: 701.282.2700 or 1.877.282.2700
For room reservations, call the hotel directly. A block of rooms will
be held until September 3. Be sure to mention NDBA to get the group
rate. Room rate: $104/night.
Registration fee includes entrance to sessions, breakfasts,
lunches, refreshment breaks, conference materials and the
Thursday reception.
Seminar Confirmation
Please save a copy of this flyer as your confirmation.
Refund policy
Golf Event
Refund requests will be honored up to one week before the conference ($25
processing fee). Substitutions are allowed at any time.
Tax Disclaimer
The cost for meals and breaks at the conference is $88. This information is
provided for your tax records, in keeping with the IRS 50% deductible provision
under Section 274(n) of the Internal Revenue Code.
A golf scramble has been scheduled for Oxbow Country Club on
Wednesday, October 1 at 1:00 p.m. The fee includes green fee, cart
and prizes. Indicate your interest on this form and include payment
with conference registration fee.
––––––––––––––––––––––––––––––––––––––––––––––––––
NDBA Registration Form
NDBA Ag Credit Conference • October 2-3, 2014
Registration Information Bank Information
Fees listed are per person.
Bank:________________________________________________________________
Advance After Sept. 5
NDBA Member
$345
$365
Address:______________________________________________________________
Nonmember
$525
$545
City:____________________________ State:__________________Zip:___________
Golf at Oxbow
$80
Phone:________________________________________________________________
Mail this form with payment to:
North Dakota Bankers Association
Attn: Registration
PO Box 1438
Bismarck ND 58502
or Email to: [email protected]
Questions?
Registrants (first & last name)
Select Events:
Registrant 1. ________________________________
Reg. 1 E-mail: _____________________________
Reg. 1 Branch: _____________________________
r Conference
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Handicap ___
Registrant 2. ________________________________
Reg. 2 E-mail: _____________________________
Reg. 2 Branch: _____________________________
r Conference
r Golf $80
Handicap ___
Registrant 3. ________________________________
r Conference
r Golf $80
Handicap ___
Call Dorothy Lick at NDBA at 701.223.5303.
Reg. 3 E-mail: _____________________________
Reg. 3 Branch: _____________________________
Total Due $
Payment Option:
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