Archives for November 2018

Starting Points Matter

Does helping the next generation start farming improve their profit potential?

By:  Joleen C. Hadrich and C. Robert Holcomb

Farmers are entrepreneurs and finding the resources to start their operation can have direct implications on their financial success over time, which is the topic of the second installment of the “Top Farmer”[1] newsletter series. Of the 334 survey respondents, 18% of the farms started independently without any help from family, 47% reported receiving help from their parents while operating their own farm independently, 25% are currently farming with family members in a partnership, and the remaining 10% used other strategies to start farming.

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ABA National Agricultural Bankers Conference

Make plans to join the FINPACK Team in Omaha at the 2018 ABA National Agricultural Bankers Conference Nov. 11-14.  FINPACK and Farmer Mac kick off the conference as hosts of the Pre-Conference Seminar on Sunday afternoon titled, “Sinkholes, Landslides, and Volcanoes:  How Can Your Customers Survive an Evolving Landscape?”.  This year’s session will focus on identifying where your customers are with continued tight margins and the impact on community banks. There will be a discussion of best practices and take-homes for managing the risk in this evolving landscape. Dr. David Kohl will be back with his view from the road.

Also, join the FINPACK Team as we host the Grand Opening Reception on Sunday evening.  Lastly, stop and visit with our team throughout the conference at our booth in the Exhibit Hall.  We love to connect with current and potential customers.  While at our booth, get a preview of this year’s FINPACK updates or ask those “how do I” questions.

We look forward to seeing you soon in Omaha!