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Coralville Summit Open to Local Farmers

By Aaryn Frazier, December 07, 2018

Farm Future urges farmers to attend the Farm Futures Business Summit to focus on business management and marketing skills and risk management January 24-25 at the Coralville Marriott Conference Center in Coralville, Iowa.

Despite first thoughts about the life of a farmer, it is a business.

“Farms are growing rapidly, but according to Farm Futures surveys, many have run into a problem: they’re adding acres without adding management expertise,” said Mike Wilson, content director. “Larger farms bring a host of complex issues, from Human Resources, to accounting, to market risk. Our surveys show larger farms can be three times more vulnerable to financial risk.”

He says that’s why we continue to believe continuing education is vital to the families who operate U.S. farms today. The  2019 Farm Futures Business summit provides two days of farm management training for farms of all sizes.

“Sessions will focus on trade, farm expansion, peer groups, young farmers and ag policy. Nationally-known management guru David Kohl, Virginia Tech economist, will lead a session on how to improve your farm decision-making,” Wilson said. “Highly respected grain marketing analyst Bryce Knorr will lead two sessions: one on how to create a solid marketing plan, and another on global outlook for grain markets.”

Each panel in the summit will focus on different, but equally important pieces of the farming business. For a separate fee Farm Futures will hold a one-day workshop on Ag Finance, just prior to the summit, on Jan. 23.

“This one-day session gives a basic understanding of financial statements, tax returns, cash flows and business plans. They will learn to more accurately assess the strengths and weaknesses of their farm operation, and understand what lenders think about their operation,” explained Wilson. “Learning is a never-ending necessity when it comes to managing a farm operation today. Farm families that take advantage of these learning opportunities will master new skills that will help them the rest of their farming careers.”

(Photo from ifa.ie)

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