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Issue: October 2016

Greetings, Agricultural Lenders!

Welcome to our quarterly electronic newsletter to highlight information that we hope you will find helpful in your work. 

In this issue, we highlight:

  • Register now for the Rural Economic Outlook Conference, October 21
  • Proven Strategies to Maximize Profits to Cow-Calf Producers
  • Off-farm Income: Managing Risk in Young and Beginning Farmer Households
  • A Look at Farm Family Living Expenses
  • Taking Charge in Stressful Times Fact Sheet

You are receiving this newsletter because of your past participation in OSU Department of Agricultural Economics events or links to faculty in the Department. We hope that you’ll share this e-newsletter with colleagues who may not be on our list. They can then opt to subscribe using the link at the bottom.

We hope you enjoy this newsletter!

Rural Economic Outlook Conference

Early registration deadline is Friday, Oct. 14 for the 2016 Rural Economic Outlook Conference on Friday, October 21 at the Conoco Phillips Alumni Center in Stillwater, OK. Mike Boehlje, professor of Agricultural Economics at Purdue University, will discuss the vulnerabilities and opportunities with the financial downturn in agriculture as a keynote speaker.
 

Proven Strategies to Maximize Profits to Cow-Calf Producers

An article by OSU Extension economists cataloging low-investment practices that have been shown to improve profitability in cow-calf operations. The article documents the price impact for each value-added practice.
 

Off-farm Income: Managing Risk in Young and Beginning Farmer Households

A recent article in Choices online magazine highlights young and beginning farmer demographics and offers interesting insights on the role of off-farm income in supporting the farm household and in risk management.
 

A Look at Farm Family Living Expenses

An article by KSU's Dr. Gregg Ibendahl examines the specific expense categories that make up family living to determine where farm families are making adjustments as a result of reduced net farm incomes.
 

Taking Charge in Stressful Times Fact Sheet

This fact sheet presents resources and information to help deal with disruptive life changes. It aims to provide information to shift the focus off of losses and onto finding solutions while adjusting to the changes farm families may face.
 

Upcoming Events

October 21: Rural Economic Outlook Conference, Stillwater, More Information

November 10-11: OSU Tax School, McAlester, More Information 

November 14-15: OSU Tax School, Lawton, More Information 

November 17-18: OSU Tax School, Enid, More Information 

November 28-29: OSU Tax School, Stillwater, More Information

December 5-6: OSU Tax School, Tulsa, More Information

December 8-9: OSU Tax School, Tulsa, More Information

December 12-13: OSU Tax School, Oklahoma City, More Information

December 15-16: OSU Tax School, Oklahoma City, More Information

Do you know?

Do you know when your bank’s risk management plan was last updated? As the overall economic environment, financial conditions in the agricultural sector, and loan portfolios all change, the risks facing your bank may have changed since the risk management plan was updated. Regular updates that incorporate changes to a constantly shifting competitive environment and new or different risks not addressed in previous plans are important to an effective risk management plan.
 

 

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