Co-Sponsored by:

Register online with the Indiana Bankers Association at www.indianabankers.org

Registration Fee IBA, KBA, MBA Members / Associates Members - $395 Participation in IBA programs is limited to members, associate members, and nonmembers from an eligible membership cate-gory at applicable member or nonmember rates. A surcharge of 100% for Non-members will be applied. Please register early!

Certificate of Completion Each participant will receive a Certificate of Completion.

Cancellation Policy Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the registration fee is assessed. Refunds are not provided for cancellations or absences which occur one day prior or on the day of the program. Substitutions are welcomed.

For More Information If you have any questions regarding the 2020 Advanced Agricultural Credit Conference or any educational offerings of the Indiana Bankers Association please contact: Laurie Rees, Vice President, Education & Training at 317-387-9380 or Lrees@indiana.bank.

Special Accommodations The IBA is committed to providing the best education in the best facility possible. To that end, we strive to accommodate any special needs bankers may have while attending our programs. If you need any special accommodations in order to attend this program, please let us know.

Registration Form (Dept . #46) Each attendee must complete a separate registration form; photocopies are acceptable. First Name Last Name

Position Bank

Mailing Address

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Phone Cell Phone Email

Indiana Bankers Association Phone: 317-387-9380 8425 Woodfield Crossing Blvd Suite 155E Fax: 317-333-7162 Indianapolis, IN 46240

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VIRTUAL ADVANCED AGRICULTURAL CREDIT CONFERENCE

Co-Sponsored by: Indiana Bankers Association, Illinois Bankers Association, Kentucky Bankers Association, Michigan Bankers Association.

September 2-3, 2020

PROGRAM OVERVIEW

Wednesday, September 2, 2020

9:00 – 9:05 am Welcome & Opening Remarks

9:05 – 10:05 am Agricultural Economic Outlook - Nathan Kaufmann

10:05 - 10:10 Break

10:10 – 11:10 Farmland Values - Dr. Todd Kuethe

11:10:- 11:15 Break

11:15– 12:15 pm Commodity Forecast - Ed Duggen

12:15 – 1:00 pm Lunch

1:00 - 2:30 pm Agricultural Credit Conditions/Survey - Brady Brewer

2:30 pm Adjourn Day One

Thursday, September 3, 2020

8:00 – 9:00 am The Macro Economy and COVID Implications to General

Economy - Larry DeBoer

9:00-9:10 Break

9:10– 10:10 am Impacts of COVD on Supply Chain - Brian Boquard

10:10 – 10:20 am Break

10:20 – 11:20 am Impacts of COVID on Agricultural Demand—Jayson Lusk

11:20 – 11:30 am Break

11:30 – 12:15 Policy Update—Ed Elfmann

12:15 – 1:00 pm Lunch

1:00 – 2:30 pm *Round Table Discussion - Brady Brewer

*Round Table Discussion This interactive session will bring topics discussed throughout the two day confer-ence and allow participants to put into practice how they will affect their banking operations. Many factors will affect how the current issues faced in the industry will affect each bank and how it operates. This session will provide participants the opportunity to apply these concepts and start the application process so they max-imize the impact of attending this conference.

2:30 pm Conference Adjourns

SCHEDULE HIGHLIGHTS

As margins of agricultural producers get tighter, making sure that lenders and farmers are prepared is crucial for continued success. We are in the midst of a transition period and a global pandemic that has seen the agricultur-al value chain respond at a rapid pace. To date, we have seen lower commodity prices, increased international competition for our commodities, and higher volatility, and changing consumer demand. As a result, farmers have a variety of options to manage the risks they face. Hear from experts about the agricultural economy, commodity outlook, risk management strategies, consumer demand, policy outlook, supply chain response, and much more.

This conference is designed to help attendees prepare for the 2020-2021 loan renewal season. The decisions pro-ducers make are based on commodity, livestock, and economic outlooks. Nathan Kaufman from the Kansas City Federal Reserve will get the conference started with his view current farm economy. The first day also includes sessions today’s farmland market, commodity forecast, and the current agricultural credit conditions.

In the morning of the second day, we change topics slight-ly as we focus on some of the current implications from the COVID-19 pandemic on agriculture. We start with how the economy as a whole is shaping agriculture, then tran-sition to a presentation on how the agricultural supply chain. Next, Jayson Lusk, who has been featured in out-lets such as the New York Times, Wall Street Journal, the Washington Post and has made TV appearances on Fox and Friends, the John Stossel Show, Varney & Co., and the Wall Street Journal Live, will present his research on how consumer demand will shape agriculture over the next year. Day two ends with a talk on agricultural policy and a round table discussion that will bring everything discussed in the conference together for practical applica-tions.

Who Should Attend

Agricultural bankers with a strong desire to further their

knowledge of financial analysis, commodity marketing,

and risk management. This program is specifically targets

toward graduates of the Midwest Agricultural Banking

Schools or similar programs with a minimum of three

years of agricultural lending experience.

Virtual

This program will be held virtually!

While we understand that some of you are not permitted

to travel for this event as originally planned given the

circumstances, we know that education/training to stay

current and be the best banker you can be is important.

That's why we're committed to providing this program

VIRTUALLY.

SPEAKERS

Nathan Kafmann Federal Reserve Bank of Kansas City Nathan Kauffman is vice president and Omaha Branch executive with the Federal Reserve Bank of Kansas City. In this role, he serves as the Bank’s regional economist and representative in thestate of Nebraska, recruits and works closely with the Branch’s board of directors, and is responsible for briefing the Kansas City

Fed’s president –a member of the Federal Open Market Committee –on economic and business activity in the state. In addition, Nathan leads several Bank and Federal Reserve System efforts to track agricultural and rural economies.

The Macro Economy and COVID Implications to General

Jayson Lusk

This interactive session will bring topics discussed throughout the two day confer-ence and allow participants to put into practice how they will affect their banking operations. Many factors will affect how the current issues faced in the industry will

opportunity to apply these concepts and start the application process so they max-

SPEAKERS

Brian Bourquard

Corporate Strategy and Agribusiness, EY Brian Bourquard is a member of EY's Glob-al Agribusiness and Corporate Strategy teams. He has experience leading teams, modeling infrastructure and investment decisions, developing transformation plans, executing innovation projects and design-ing business strategy. Brian has a strong

understanding of the trends facing food and agriculture and is experienced at delivering qualitative and quantitative analyses to help decision makers identify options. Prior to joining EY, Brian worked at Purdue University's Center for Food and Agri-cultural Business where he earned a PhD in Agricultural Eco-nomics. There, he worked with firms to research the unique strategic and operational challenges facing the food and agricul-tural industries.

Jayson Lusk Purdue University Jayson Lusk is Distinguished Professor and Head of the Department of Agricultur-al Economics at Purdue University. He has a BS in Food Technology and a PhD in Agricultural Economics from Kansas State University. He was previously Regents

Professor and Willard Sparks Endowed Chair in the Department of Agricultural Economics at Oklahoma State University and Assistant Professor at Mississippi State and Purdue. Lusk is a food and agricultural economist who studies what we eat and why we eat it. Since 2000, Lusk has published more than 200 journal articles in peer reviewed journals, including several of the most cited papers in the profession. He has served on the editorial councils of eight academic journals including the Ameri-can Journal of Agricultural Economics, the Journal of Agricultur-al and Resource Economics, and the Journal of Environmental Economics and Management, and Food Policy. He was elected to and served on the executive committees of the Southern Agricultural Economics Association, the Western Agricultural Economics Association, and most recently the Agricultural and Applied Economics Association for which he served as presi-dent. Lusk was named a fellow of the AAEA in 2015.

Ed Elfman American Bankers Association Ed Elfmann serves as senior vice presi-dent of agricultural and rural banking policy for the American Bankers Associa-tion on in Washington, D.C., Elfmann has been with ABA since June 2012 and is ABA’s head of policy on agricultural and

rural credit and lending issues. In addition to agricultural policy, Elfmann works on swaps and derivatives policy, financial ser-vices and appropriations for ABA. Prior to joining ABA, Elfmann was an agriculture and transportation on policy advisor for a congressman on the House Agriculture Committee. In addition, he has worked for the U.S. Department of Transportation on and the National Corn Growers Association

SPEAKERS

Todd Kuethe Purdue University Dr. Todd Kuethe joined Purdue faculty in 2019 as Associate Professor and Schrader Endowed Chair in Farmland Economics. Kuethe, who earned his PhD in agricultural economics from the depart-ment in 2009, most recently held a Clini-

cal Assistant Professor of Land Economics position at the Uni-versity of Illinois. Currently Kuethe helps policymakers, farmers, and landowners make better decisions to ensure a safer, more flexible, and more stable agricultural economy. Kuethe’s research interests are focused on farm real estate markets, agricultural credit, and agricultural policy.

Ed Duggen Top Third Ag Marketing Ed joined Top Third Ag Marketing in April 2007 as Director of Operations after spending over 21 years on the grain floor at the Chicago Board of Trade. He was Grain Floor Manager for LFG, LLC from 1992-2000 and Floor Manager at Iowa

Grain Company from 2000-2007, where he was introduced to Mark Gold and his risk management program. Ed was both a Full and Com member while at the CBOT. He has a BA in Eco-nomics from Eastern Illinois University. After 8 years as Director of Operations at Top Third, Ed has transitioned into a role as a Sr. Risk Management Specialist.

Brady Brewer Purdue University

Brewer is an assistant professor in the

Department of Agricultural Economics at

Purdue University. Brady’s teaching re-

sponsibilities include the undergraduate

agribusiness management course. His

research agenda includes the broader

topics of agribusiness and profitability, agricultural finance, and

production/supply chain issues at the farm level. His extension

program includes educating farmers on credit concerns and

lending as well as working with the agricultural banks across the

state. Courses that he has previously taught include agribusi-

ness management and agricultural finance courses at both the

undergraduate and graduate level.

Larry DeBoer Purdue University Larry DeBoer is a professor and extension specialist in Agricultural Economics at Purdue University. DeBoer joined the Pur-due faculty in 1984. He studies state and local government public policy, including such topics as government budget and

taxing options, issues of property tax assessment, local govern-ment revenue options, and the fiscal impact of economic devel-opment. He directed the staff work for Governor O’Bannon’s Citizen’s Commission on Taxation, 1997-98, and contributed research to Governor Daniels’ Commission on Local Govern-ment Reform in 2007. He writes a monthly column about Indiana and national economic topics, called Capital Comments, and posts on Twitter under @INTaxRockStars.