ME153-WEB - Ag Commodities: Impact on Farm Income, Equipment Values, and Rural Economy
Category: Machinery & Technical Specialties
Continuing Education: 2
Registration
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Webinar Course Description
Agriculture is a complex space. This webinar takes a
macro-view of the continued down turn in agri-markets and its impact on various
market segments. While business analysts watch the respective trend lines
and their economic influence on these market segments, some are suggesting a
more serious outcome scenario in under development with potentially generational
impact. The statistical evidences included in the webinar are staggering when
measured against the backdrop of how food production is impacted by
demographics, land management/ownership, equipment and machinery valuations,
technology adoption rates and integration and ultimately farm production and
incomes. The webinar considers in time how these seemingly detached areas are in
fact related and impact the investments considerations and potential for those
individuals and companies involved in the financial services support of, or, are directly involved in the agribusiness sector of the economy.
Course Audience
Leasing Company Analysts, Bank Analysts, Asset Managers, Agribusiness Investors, Ag Equipment Dealer Principals, CEOs, CFOs, Used Equipment Managers
Instructor Information
Andrew Pyron | President/CEO | BigIron Auction Company
Andrew Pyron at BigIron Auction Company was an early participant in the
development and expansion of online marketplaces utilizing unreserved auctions
as a primary method for establishing market value of capital equipment
assets. Thirty plus years’ experience of asset management roles for leading
a OEM dealer, international equipment rental companies and global engineering
and construction companies with giant fleet status prepared Pyron with the
background needed to participate in market leading technology enabled
marketplaces. Before coming to BigIron, Pyron held strategic executive
roles within IronPlanet where he led the strategic sales initiatives during
start-up through mid-stage development and growth before it's merger with RB
Auctions. He is originally from the farming region of the Mississippi delta
where he contributed to various family farming operations working while
attending the University of Memphis. During his career Pyron has been
responsible for acquisition, deployment and dispersal of over $2.0 billion in
value of capital equipment assets used in construction, transportation, utility
and agricultural applications. Headquartered in Nebraska, BigIron Auction
Company is often considered rural America's premier unreserved online auction
solution and marketplace. Licensed and bonded where required by law,
BigIron completes full service and turn-key unreserved auctions each week on the
company’s cloud-based internet platform. BigIron serves agriculture growers and
producers each week to deliver market leading results for farming and ranching
families, agri-businesses, banks, lessors, cooperatives, construction companies,
transportation companies and equipment dealers. In addition to being Free
of Buyers Premiums, BigIron guarantees all items to be Free of Encumbrances and
Liens to ensure all bidder/buyers that every item will be delivered to the
highest bidder who completes agreed upon payment terms and receives clear
transfer of title.
No prerequisites for this course.
Agenda
There is no available agenda for this course.
Learning Outcomes
Upon completion of this course,students will be able to:
- Recognize the trends in Agriculture
Commodity Values, Demographics, Land Consolidation and Technology
Integration;
- Analyze Ag Equipment and Machinery (long term implications of residual
values of asset types);
- Note the Rural Economy's Impacted (including implications to various
states budgets);
- Explain Impact on Farm and Ranch Family Incomes (now in four years of
continuous decline); and
- Discuss Economics for Smaller Producers (combined effects threatens family
farm model).