Can you weather higher input and interest costs and still capitalize on strong crop demand for your crops?
That's one of the questions that will be addressed at the Farm Futures Management Summit to be held in St. Louis, Missouri, Dec. 13-14.
"Winning in turbulent times: How to build a high-performance farm business in a changing global market" is the conference theme.
This Farm Futures Management Summit is designed for the working farm family and farm operator who is looking ahead to 2007 with an eye toward improving profit margins. The sessions will also address long-term strategic decisions on how to position farms for the future.
"Farmers face roiling markets, higher costs and more risk, so they need to treat their operations more like businesses to survive," says Mike Wilson, executive editor at Farm Futures magazine, a sister publication to Dakota Farmer ."But there are also good profit opportunities ahead as the biofuel industry begins to heat up. This seminar is designed to help farmers withstand those challenges and capitalize on new opportunities."
Farm Futures Senior Editor Bryce Knorr and Marketing consultant Arlan Suderman will analyze best strategies for farmers who want to capitalize on the ethanol boom. They will also talk about new generation contracts and various marketing strategies that will help farmers learn to sell their crop with confidence.
"The summit will help farmers recognize trends and how they can be used to energize their business and strategic planning process," says Dave Kohl, a well-known agricultural economist and keynote speaker at the summit. "These sessions will focus on how farmers can utilize trends in board room planning and execute business strategy on a daily basis."
Purdue ag economist and farm management expert Mike Boehlje will help farmers think more like the buisiness CEOs. "We'll talk about the key strategic decisions you need to make to position for success in the future," he says. Boehlje will also lead a discussion on the best ways to position a farm for expansion in the next five years.
Run like business
The summit will conclude with a three-hour hands-on management seminar by farm management consultant Dick Wittman. He'll focus on how to run the farm like a business and avoid the typical family relationship pitfalls so many farms go through. "Dick is a farmer himself in partnership with three other family members, so he really knows those challenges first hand," Wilson says.
Separate sessions will focus on the Farm Bill debate as well as land values. Mike Adams, host of the nationally-syndicated radio show "AgriTalk," will be there with commentary on the day's issues. AgriGold Hybrids and United Soybean Board are co-sponsors of the event.
The summit takes place at the Renaissance Hotel Airport near Lambert Airport in St. Louis. Registration cost is $200 per person, $125 for each additional person from your farm operation. Learn all the details at www.FarmFutures.com/seminar or call Farm Futures at (217) 877-9070.