Professor Freddie Barnard has interests include agricultural finance and farm management. He has had extensive experience in agricultural lending. Professor Barnard’s responsibilities include serving as director of the Midwest Agricultural Banking School.

The school is co-sponsored by the Illinois, Indiana, Kentucky, Michigan, and Ohio Bankers Associations and is held at Purdue University. In addition, he is the coordinator for the Indiana Bankers’ Agricultural Clinic. He also serves as the Secretary/Treasurer for the Indiana Chapter of the American Society of Farm Managers and Rural Appraisers.

Professor Barnard is also past chairman for the Financial Criteria and Measures Committee and is currently a member of the Technical Committee for the Farm Financial Standards Council. The council recommends guidelines for financial reporting and analysis in agriculture.

KEYNOTE TOPICS:

MEASURING AND ANALYZING FINANCIAL CONDITION AND PERFORMANCE DURING CHALLENGING TIMES
Keynote OR Breakout | Educational | Technical

(1-1.5 hours, and presents a spreadsheet that can be used to calculate accrual-adjusted net farm income)

RETIREMENT PLANNING: HOW DID SOMETHING THIS WELL-INTENTIONED BECOME THIS UNCOMFORTABLE?
Keynote OR Breakout | Audience Participation | Educational | Technical

Retirement planning is often an involved, complicated, and emotionally charged activity, as consideration is given to future income sources and amounts needed during retirement years. The focus for many non-agricultural individuals is often on contributions to various investment instruments designed to provide the desired income stream while minimizing taxes as withdrawals and any disposition of capital assets are considered. However, for many agricultural businesses, those aspects of retirement planning are just the beginning, because planning often includes the transition of ownership of an on-going business from a retiring generation to a younger generation. Also, it may be further complicated by a desire by several, if not all, involved parties for the business to continue to operate and remain financially viable. Furthermore, planning can become uncomfortable as involved member(s) of the younger generation may want to continue to operate the business after the retiring generation exits and non-involved siblings may not. During this session, business financial viability considerations that should be included in the planning process will be discussed using example leverage scenarios for the remaining business, along with a spreadsheet that can be used by participants to evaluate potential alternatives they may formulate for their own businesses. Once alternatives have been evaluated in terms of the financial viability of the remaining business, those alternatives can then be taken to tax and legal professionals for further evaluation related to tax and legal issues.

UNDERSTANDING CASH TO ACCRUAL INCOME: HOW MUCH DID I REALLY MAKE?
Keynote OR Breakout | Educational | Technical

(1-1.5 hours, using the same spreadsheet as mentioned above)

ANALYZING ALTERNATIVES FOR IMPROVING LOAN REPAYMENT CAPACITY: WHERE SHOULD I SPEND MY TIME?
Keynote OR Breakout | Educational | Technical

(1-1.5 hours using the same spreadsheet to analyze operational and loan term changes to improve loan repayment capacity)

UNDERSTANDING FINANCIAL STATEMENTS AND ANALYSIS FOR AGRICULTURAL FIRMS: WHAT DO I NEED TO FULLY UNDERSTAND THE FINANCIAL ASPECTS OF MY BUSINESS
Keynote OR Breakout | Educational | Technical

(all day workshops, with practical exercises throughout and uses the spreadsheet, typically 9:00 am – 4:00 pm)

SHARPENING THE MANAGEMENT SKILLS NEEDED TO MANAGE AN AGRIBUSINESS
Keynote OR Breakout | Educational | Technical

(multiple day workshop, using a computer simulation program to simulate the management of a retail firm by making decisions for 6 quarters (i.e., making a decision and then getting back the results and then making another one), includes sessions throughout on cash flow, breakeven, financial ratios and profitability linkage model.

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Travels from: Indiana

Speaking Fee: $3,000 – $5,000