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Ag Economics Committee Minutes

Minutes from 2015-2019

2019 Minutes 

Ag economics meeting was held via skype on 10/07/2019

Members Present via Skype: Crystal Schaunaman (chair), Melissa Sekorya (Vice-Chair), Rick Schmidt, Greg Benz, Craig Askim, Byron Parman

Review Our Purpose

Providing professional improvement opportunities for members with responsibilities in each area of emphasis. This includes the development of professional improvement opportunities, securing resources to fund these activities, and promoting these activities to members. As ideas for professional improvement are brought to the Agricultural Economics Committee, it will be the responsibility of the committee to determine if the idea for professional improvement is feasible, and if so then determine what course should be taken to offer this opportunity to members.

 

Upcoming Professional Development Opportunities and Programs

• Farm Stress Team – Sean Brotherson put together new resources and there is a Farm Financial Outlook/Youth Stress Workshop in Mandan, October 18. Register by Oct. 14 at https://tinyurl.com/y45klwmt. The $20 registration fee includes lunch. www.ag.ndsu.edu/farmranchstress has other resources.

• Annie’s Project – materials are available on Google Drive https://drive.google.com/drive/u/0/folders/0B6pSiFuZdfTJdVJwTjZuTkFyNGc again for agent resources or website www.ag.ndsu.edu/anniesproject.

• DYSP – Carrie Johnson is the contact for any questions. Google drive resources here: https://drive.google.com/drive/u/0/folders/0B6etXqziMxQLRVVFQ3ozR2FTc3c

• Ag Lenders Conferences: Last week of October, 28-Grand Forks, 29-Minot, 30-Bismarck, 31-Fargo. Reduced rate for Extension Agents. Conference – 9 a.m. to 4 p.m. www.ndsu.edu/farmmanagement

• Farm Business Management In-Service: November 13 in Bismarck Career Center. More details to come! Joint with Ag Agents and Farm Business Management instructors.

• Income Tax Management – November 15, 9-12 p.m. 9 sites across the state on zoom. Ron will email a link for agents to attend for free to listen in.

• Northwest Farm Managers annual meeting – January 29, 2020. 8-4:30 p.m., Fargo. Bring in people who are not from North Dakota – not your typical speakers.

• Crop Insurance Conference – January 13, 2020. 8-4:30 p.m., Fargo. Targeted to crop insurance agents who need CEU’s. 

• Land 101 (surveys, abstracts, etc.) with David Ripplinger hosted by Greg Benz in Dunn County. Hoping to make into a county program that other counties could do. November 14 and 21, 2019.

• Frayne’s Marketing Updates – does not want to compete with private marketing firms. These updates are for marketing club facilitators, clubs and agents. Have been noted to not share – do not forward to an email listserv.

• Dave Ripplinger has been doing quite a bit of hemp economics and agronomics programming meetings.

• New Agricultural Finance Specialist/ Assistant Professor – Bryon Parman started a year ago. Going well. He was shocked at how fast the programming and content was received within the state – kudos to NDSU.

• Curious about fall conference program teams.

• Other professional development needs

• What is Extension’s role with The Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs authorized during the 2018 Farm Bill. Can sign up for 2019 and 2020 but after that it will be an annual re-enrollment. Will be introduced at the farm business management in-service and a more in-depth training when details/rules of the program are known. Sign up period ends March 15, 2020 so training sometime before then. MFP December 6 deadline.

 

2018 Minutes

Chair: Crystal Schaunaman, Vice Chair: Melissa Seykora

Will email out to members

  • Review Our Purpose

Providing professional improvement opportunities for members with responsibilities in each area of emphasis. This includes the development of professional improvement opportunities, securing resources to fund these activities, and promoting these activities to members. As ideas for professional improvement are brought to the Agricultural Economics Committee, it will be the responsibility of the committee to determine if the idea for professional improvement is feasible, and if so then determine what course should be taken to offer this opportunity to members.

  • Farm Stress Team – We are in the middle of a survey to professionals assessing the current climate. Resources can be found at www.ag.ndsu.edu/farmranchstress
  • Annie’s Project – materials are available on Google Drive again for agents to begin planning. Many sites have already given tentative dates: www.ag.ndsu.edu/anniesproject
  • DYSP – Carrie Johnson is the contact for any questions.
  • Ag Lenders Conferences: Oct. 29, 2018 – Grand Forks; Oct. 30, 2018 – Minot; Oct. 31, 2018 – Bismarck; Nov. 1, 2018 – Fargo Registration – 8:30 to 9 a.m.; Conference – 9 a.m. to 4 p.m. Use promo code ExtAg to receive the discount - Your total should be $40 not $85. www.ndsu.edu/farmmanagement
  • Farm Business Management In-Service: November 5 in Bismarck More details to come!
  • Frayne’s Marketing Updates – does not want to compete with private marketing firms. These updates were for marketing club facilitators and agents. Have been noted to not share – do not forward to an email listserve.
  • Dave’s Bio-Energy updates – emailed periodically.
  • Crop Insurance Conference, JANUARY 14, Holiday Inn, Fargo, ND. 
  • New Agricultural Finance Specialist/ Assistant Professor – Bryon Parman has started
  • Northwest Farm Managers Annual Meeting: January 30, 2019, Holiday Inn, Fargo, N.D.,

Registration starts at 8:00 a.m., Program begins at 9:00 a.m., Registration Fee: $75

  • Others needed?

2017 Minutes

Attending: Frayne Olson, Kelcey Hoffman, Chandra Langseth, Marissa Leier, Rick Schmidt, Lindy Berg, Melissa Seykora, Rachel Wald, Crystal Schaunaman

  • Review Our Purpose

Professional Improvement Committees

Providing professional improvement opportunities for members with responsibilities in each area of emphasis. This includes the development of professional improvement opportunities, securing resources to fund these activities, and promoting these activities to members. As ideas for professional improvement are brought to the Agricultural Economics Committee, it will be the responsibility of the committee to determine if the idea for professional improvement is feasible, and if so then determine what course should be taken to offer this opportunity to members.

Materials will be distributed at fall conference:

  • Agribusiness Needs Assessment – Frayne provided an overview.
  • Annie’s Project in-service coming up
  • DYSP-already held. Email Carrie Johnson for more information.
  • Ag Lenders Conferences will be held in Minot, Grand Forks, Fargo, Bismarck mid October
  • In-Service to be held November 7 in Bismarck Career Academy 10?

               - Input decision making                                                                                                                                                                 - Crop Budgets, enterprise budgets                                                                                                                                               - Cash rent determination                                                                                                                                                             - Livestock budgeting                                                                                                                                                                     - Basics of crop marketing?? Or Dr. Massey                                                                                                                                 - Intro to Crop Insurance

  • Frayne’s Marketing Updates – does not want to compete with private marketing firms. These updates were for marketing club facilitators and agents. Have been noted to not share. Not meant to be forwarded to an email listserve. Please use responsibly and share to limited individual emails. Add Kelcey Hoffman and Rachel Wald
  • Dave’s Bio-Energy updates
  • Others needed?
  • New Agricultural Finance Specialist/ Assistant Professor – 9 applicants (Dwight Aakre’s old position redefined, refocused on financial management issues). PhD level, tenure tracked position. There are 2 on the top of the list. Have been approved to bring them in for interviews.
  • Melissa Seykora was elected as Vice Chair.

2016 Minutes

Attending: Charlie Stoltenow, Craig Askim, Emily Goff, Frayne Olson, Katie Wirt, Lindy Berg, Kelcey Hoffman, Kim Ruliffson, Melissa Seykora, Paige Brummund, Rachel Wald, Sheldon Gerhardt, Willie Huot, Crystal Schaunaman

Add Emily Goff and Lindy Berg to committee

Crystal presented an overview of the Farm Business Management Education Needs Assessment Results as summarized by David Ripplinger. The results of 53 producers were analyzed. They were asked about how well they understood, how important the topic was and whether they would attend a workshop on the topic. The results showed in brief that crop market outlook, marketing tools, new farm enterprises, and transition planning are identified as high priority topics on the basis of being the most concerning, least understood, and most well-attended programs; while livestock marketing outlook, lease versus buys, working with lenders, working with landlords, and managing labor are lower priority programs as the least concerning, best understood, and poorly attended programs.

Crystal also reviewed the minutes from last year. In the minutes was a summary of Dwight Aakre’s presentation about determining what is more important to producers – yield, price or cost of inputs. After studying the regions in ND he found that yield has the most weight on affecting a positive return to producers. Can we find and make this presentation available?
The needs assessment gives us a place to begin for determining high priority areas. Frayne’s weekly market comments are also good but staff still need monthly conference calls. Crystal will take the lead on scheduling these calls with specialists and agents on a variety of topics.

Dr. Charlie discussed the group being sent to Omaha to the farm margins conference. Staff were nominated by their district directors based on their interest and need for the programming along with Ron Haugen. This core team will be expected to create a training for agents and producers. Could this be considered for a pilot program?
Dwight Aakre’s position was discussed – refilling has been delayed until April 1 to capture some salary savings.

A need for a marketing 101 program was discussed. Frayne mentioned that there is basic marketing information online at Iowa State University or Ag Decision Maker – could we link to these sites? Or could we do live short marketing meetings via FB live or other online platform. https://www.extension.iastate.edu/agdm/voicedmedia.html

2015 Minutes

Attending: Dwight Aakre, Andy Swenson, Willie Huot, Bill Hodous, Tim Petry, Crystal Schaunaman

In this time of declining commodity prices we need to put a more positive spin on programming around this area for example smart investing where you might address better marketing, lowering input costs, etc. Dwight created a presentation about determining what is more important to producers – yield, price or cost of inputs. After studying the regions in ND he found that yield has the most weight on affecting a positive return to producers. So the message to ag lenders and others is to spend the money on pesticides and fertilizer, for example, to ensure high yield.

Please check out www.ag.ndsu.edu/farmmanagement for upcoming programs, budgets, past presentations, and other tools available from our ag economics specialists. Asides from this information and upcoming events, monthly conference calls will be held this winter starting later in November. Topics will range from a general discussion of the markets to introducing agents to tools such as crop compare, crop budgets, basic marketing information, outlooks, etc. Input from new agents on their needs would be helpful as well. Frayne has also committed to sending agents short bi-monthly marketing briefs such as what is going on globally and how that is affecting commodity prices. His one note is that this information is only for staff, it is NOT to be forwarded on.

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