Seminars scheduled for agricultural lenders

Published:  Friday, September 25, 2009 (5 months, 3 weeks ago)
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Glen Arnold
Associate Professor,
Extension Educator - Ag

The Ohio State University Extension has scheduled two educational seminars in western Ohio for lenders who work with agriculture. The  dates  are  Oct.  13  at  the Putnam  County  Extension office   in   Ottawa   and   Oct. 15 at the Champaign County Extension office in Urbana.
These seminars are excellent opportunities for ag lenders, Farm Service Agency financial personnel, farm managers, county Extension educators and others to learn about OSU Extension research, outreach programs and current agricultural topics of interest across the state. Annual attendance at these seminars is typically around 125 participants.
Robert Moore, attorney for the Wright Law Co. LPA, will address ag lenders on the Pros and Cons of farmers moving their operations to Limited Liability Corporations (LLCs). As farming operations continue to grow in size and capital demands, LLCs are the most common organizational structure selected. Mr. More has a wealth of experience in this area and will be sharing the strengths and weaknesses of LLCs.
Mike Bumgarner from the Ohio Livestock Care Standards Board will speak on Issue II which will be on the November ballot in Ohio. The livestock industry in Ohio is attempting to be proactive on animal care by establishing the Ohio Livestock Care Standards Board  and  establishing reasonable  farm  animal  care guidelines  instead  of  having  outside  groups  push  for  rules that  virtually  cripple the  Ohio livestock industry.
David Drake, acting director of the Farm Service Agency in Ohio, will be discussing the FSA beginning farmer loan program and the grain storage structure loan program. These federal programs can offer interest reductions on farm loans making them more affordable.
Ohio State University Extension Leader, Production Business Management Barry Ward will be on hand to discuss Ohio land rents and the updated crop enterprise budgets for 2010 looking at the expected income and expenses for the 2010 crops can assist farmers in determining what money might be available for farmland rental payments.
Registration deadline is Oct. 5. Local county extension offices can provide a registration form or access it on the web at putnam.osu.edu/natural_resources_environment

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