Pork producers are encouraged to tell their lenders about an upcoming workshop that is designed specifically for members of the banking community. The 3rd annual Pork Lenders Meeting will provide up-to-date financial, market, export and legislative information.
The meeting will be July 15 at the Country Inn & Suites, 1900 Premiere Drive, Mankato, from 10 a.m. to 3 p.m. The cost is $20 per attendee and includes lunch, breaks and handouts. The preregistration deadline is July 9.
Program sponsors are the Minnesota Pork Board, Minnesota Pork Producers Association, National Pork Producers Council and Pork Checkoff.
Steve Meyer, president of Paragon Economics, Inc. and a livestock and agricultural economics specialist, will open the workshop with his Market Outlook presentation. Meyer will explore what the current economic situation means for pork producers and his view on national and global factors influencing pork demand, feed costs and trade.
Update on State and National Public Policy
An Update on State and National Public Policy will be given by David Preisler, executive director, Minnesota Pork Producers Association and Pat McGonegle, vice president, National Pork Producers Council. The discussion will look at how free trade agreements, farm bill re-authorization, energy and climate change policies, and legislative attempts to further regulate animal production practices may influence pork producers’ production costs, management and product demand.
Focusing on the Right Farm Financial Information
Focusing on the Right Farm Financial Information is the presentation topic by Protein Sources management team members Paul FitzSimmons and Dan Sohre. Based in Mapleton, Minn., Protein Sources provides production and financial management services for farrowing and grow-finish swine operations in the upper Midwest. These services include farm, swine facility and production management, and financial and risk management. Using their years of experience, FitzSimmons and Sohre will explain which production and financial numbers can best assist lenders in decision making and in helping their pork producing customers.
Managing Your Margin to Protect Profitability
The meeting concludes with a presentation by Brendan Dorais, a manager with Chicago-based Commodity and Ingredient Hedging. The title of his talk, Managing Your Margin to Protect Profitability, looks at tools to achieve hog operation profitability from a margin perspective, methods to identify one’s margin, and contracting choices and strategies.
For more, contact Colleen Carey at the Minnesota Pork Board, (800) 537-7675 or email@example.com.