Federal Agricultural Mortgage Corporation · NYSE:AGM

Federal Agricultural Mortgage — Farmer Mac Webinar (January 2015)

9 slides from Federal Agricultural Mortgage's conference presentation, Jan 12, 2015

  1. Slide 1: Economic Thunder & Lightning on the Horizon

    Farmer Mac Webinar 1/12/15 ECONOMIC THUNDER & LIGHTNING ON THE HORIZON Dr. David M. Kohl Professor Emeritus, Agricultural and Applied Economics Virginia Tech, Blacksburg, VA (540) 961-2094 (Alicia Morris) | (540) 719-0752 (Angela Meadows) | sullylab@vt.edu Macro Clinic Video Blog: http://agstar.com/

  2. Slide 2: Grain Industry "Margin Flipping" / Managing Thru the Cycles

    Farmer Mac Webinar 1/12/15 Grain Industry- “Margin Flipping”  easy money has been made  top flight managers still earn profit  high overhead/fixed cost structure  game of chicken with land rents  duration of cycle  four strategic factors 3 Managing Thru the Cycles Cycle Duration Credit Issues

  3. Slide 3: Livestock Industry "Margin Flipping" / Horticulture, Vegetable, & Retail

    Farmer Mac Webinar 1/12/15 Livestock Industry “Margin Flipping”  strategic resource changes over past decade  50 to 65 year olds will not return  price, early cycle margins  cost, late cycle margins  young people migration  mistakes made in the best of times  duration of the cycle 5 Horticult

  4. Slide 4: Global Economy Update / Global Economics: Europe

    Farmer Mac Webinar 1/12/15 Global Economy Update Country Code Europe Red China Yellow Risk Ranking Russia Red • Geopolitical • Trade tensions Japan Red • Natural resource Middle East Red • Economic reform Argentina Red Brazil Red Portugal Red U.S. Green 7 Global Economics: Europe  Germany & France

  5. Slide 5: Global Economics: China / Other

    Farmer Mac Webinar 1/12/15 Global Economics: China  bifurcated economy  natural resource issues  water, land, air  trade negotiations  China exceeds U.S. in purchasing power parity  shadow banking – wild card 9 Global Economics: Other  Russia  oil  Mr. Putin  Brazil  slow economic growth

  6. Slide 6: Global Economics: Japan / U.S. Economy Update

    Farmer Mac Webinar 1/12/15 Global Economics: Japan  third largest economy in the world  demographic issues  debt issues  central bank stimulus  deflation 11 U.S. Economy Update Indicator Code Employment Yellow/Red • Numbers • Wages • Participation Factory Utilization Green Housing Yellow Oil/In

  7. Slide 7: Federal Reserve's Interest Rate Barometer / Analyzing Ag Credit

    Farmer Mac Webinar 1/12/15 Federal Reserve’s Interest Rate Barometer Indicator Possible Change Definite Change Current Status Unemployment 7.0% 6.5% 5.6% GDP Growth 2.0% 2.5% 5.0% Core Inflation 2.0% 2.5% 1.7% Headline Inflation 4.0% 5.0% 1.3% Watch List: • Dr. Yellen • Rail traffic • Overland truck

  8. Slide 8: Perspectives for Working Through Turbulent Times / Burn Rate

    Farmer Mac Webinar 1/12/15 Perspectives for Working Through Turbulent Times  focus on efficiency first, growth second  progress with mini victories  use other resources  know personality styles  tag team challenging accounts  spouse/partners  document/paper trail  time element  variance or

  9. Slide 9: Top Credit Questions From the Road

    Farmer Mac Webinar 1/12/15 Top Credit Questions From the Road  How do you manage an alpha dog/alpha pup credit in a financial tailspin?  Which key financial metrics should lenders focus on?  Which financial sensitivity shocks should a lender use?  How often should lenders and borrowers communica

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