Author: Clinton Hardy
Planning Unit: Daviess County CES
Major Program: Farm Management, Economics and Policy
Plan of Work: Agriculture Production, Management, and Environment
Outcome: Long-Term Outcome
Owensboro serves as a regional hub for agricultural finance with multiple private, government and member organizations serving the finance needs of farm businesses across the Green River Area. The Green River Area Extension offices and the Ohio Valley Farm Analysis Association recognize the importance educating lenders on the general agricultural economy and profit outlook of the upcoming year as they prepare to meet with their clients on end of year operating loan settlements and renewals. The Annual Ohio Valley Agricultural Finance Conference was conducted in December with support of Extension specialists in the College of Agriculture Department of Agricultural Economics to provide information relevant to preparing lenders with what to expect from their agricultural customers in the year ahead. The program is conducted in an effort to make lenders aware of economic opportunities and short falls of the current year and in anticipation of the borrowing year ahead. At conclusion of the program, participants indicated tremendous value to their efforts in serving clientele from the information shared. The long term outcome goal is that the information will be used by the participants to help clientele succeed financially in their business enterprises.
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