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First Security Hosts Second Annual Agricultural Seminar

First Security Hosts Second Annual Agricultural Seminar

First Security Bank & Trust hosted their second annual agricultural seminar at the Greene Community Center on Wednesday, February 22, 2017. The event, titled Field to Finance, focused on a variety of topics ranging from the economic outlook for agriculture in 2017, various government programs, and how to effectively work and communicate with family members in a business.

The event opened with keynote speaker, Chad Hart, Associate Professor of Economics at Iowa State University. Hart is also a Crop Markets Specialist and Extension Economist. He received his Ph.D. in economics and statistics from Iowa State University before joining the university’s staff for the Center for Agricultural and Rural Development (CARD) as a Scientist. There, he served in multiple roles, concluding as the head of the Bio-renewables Policy Division where he examined the interactions between the agricultural and energy sectors. Chad also served as the U.S. Policy and Insurance Analyst with the Food and Agricultural Policy Research Institute (FAPRI). At FAPRI, he was responsible for directing econometric and modeling efforts for the crop insurance component of the FAPRI modeling system.

His research has examined the interaction between the agricultural commitments within the World Trade Organization (WTO) and the agricultural policies and programs of WTO members, crop insurance, international trade, biofuel policy, federal agricultural policy, and crop marketing.

Chad is also a partner in Farm Risk, an Iowa firm that develops revenue insurance products and receives revenue based on policies sold by crop insurance companies.

“Chad Hart has a strong background in agriculture. He was able to share historical production and usage information to provide insight as to what farmers might be able to expect for crop prices and profitability in those sectors this year,” said Mark Miller, Chief Lending Officer.

Steve Abbas, the Franklin County Executive Director for the Farm Service Agency, also spoke at the event. Abbas is also an ISU graduate, where he studied Ag Business Farm Management. He worked for Farm Service in Allison and then Kenosha, Wisconsin and later became the County Executive Director in Franklin County for FSA and has been there for 38 years. He currently lives on a home farm and has a farming operation with his son. Abbas spoke about Highly Erodible Land and Wetland Compliance, Commodity and Farm Storage Facility Loans, CRP, and ARC.

Lastly, Kathy Peterson, CEO and Founder of PeopleWorks, a speaking, training, and human resource consulting business, wrapped up the event with an engaging speech about having difficult conversations effectively. She also spoke about being a better leader within the work place.

“Field to Finance is one way First Security invests in its customers. It’s an opportunity to discuss beneficial tactics and make clients aware of valuable resources available to help them in achieving success,” commented Miller.

A drawing was held at the conclusion of the program. Prizes included aerial photo sessions with Custom Aerials, gift baskets from County Line Locker in Riceville, Iowa and a gift certificate to Gilbert’s Sale Yard in Floyd.

First Security Bank & Trust has nearly $500 million in assets, with locations across North Central Iowa and headquarters in Charles City. Please visit www.1stsecuritybank.com for more information. Member FDIC.

Photo Captions:

(Ag Lenders Photo) – Meet First Security’s Ag/Commercial Lending Staff which includes 13 Ag/Commercial Lender and 6 Loan Administrative Specialists.

Back row, left to right: Kris Wegner, Josh Dodd, Robert Lines, Keith Starr, Ron Raney, Scott Mennenga, Mark Miller, Randy Hassman, Eric Miller.

Front row, left to right: John Paulus, Mark Jensen, Lori Clark, Kathy Nolte, Sheril Brodbeck, Jennifer Lessin, Diane Wolfe, Ashley Engels, Kylie Kuehn, Sydney Franzen, and Sara Byrnes.

Not pictured: Tommy Stice and Julie Wade-Picht

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