Financial Impact of Organic Grain Transition

February 27, 2020  |  10 a.m. – 5:30 p.m.  |  La Crosse, Wis.

 

Presenters:

Paul Dietmann, Compeer Financial
Jim Munsch, Deer Run Farm

Farmer Panel:

Peter Schwagerl, Prairie Point Farm
Luke Peterson, A-Frame Farm
Mark Harbecke, Harbecke Farm

 

Topics:

  • Increase your understanding of the organic grain market
  • Develop cash flow projections and a crop budget for organic transition
  • Organic transition financing options
  • Using the OGRAIN Compass tool in your decision making process

 

Description:

Organic grain nets double the price of conventional—nearly triple for corn—in the current market. If these premium prices have your attention and you’re considering a switch to organic, you need a clear picture of your path forward. This class will help you understand the opportunities and challenges in the organic grain market and give you the tools to forecast your potential profits and prepare for a smooth transition.

Paul Dietmann is a senior lending officer at Compeer Financial, a member-owned rural lending cooperative that’s part of the Farm Credit System serving Illinois, Minnesota, and Wisconsin. He is a co-author of the book Fearless Farm Finances: Farm Financial Management Demystified, which you’ll receive as part of this class. Jim Munsch, a grass-based beef producer, is one of the developers behind the University of Wisconsin-Madison’s “Compass” software tools that help producers analyze their operations to make data-driven financial decisions.

They’ll walk you through crop budgets, cash flow projections, and financing options for the transition process, and introduce some handy decision-making tools. They’ll be joined by a panel of farmers who recently transitioned to organic and can share advice to help smooth the path for new growers.

 

About the Presenters:

Paul Dietmann
Paul is a senior lending officer at Compeer Financial, a member-owned rural lending cooperative and Farm Credit System institution serving Illinois, Minnesota, and Wisconsin. He has degrees in agricultural economics. He is co-author of the book Fearless Farm Finances: Farm Financial Management Demystified and the newly released publication “Turning Grain Into Dough: Farm Financial Management for Organic Grain and Crop Rotation.”

Jim Munsch
Jim owns and operates Deer Run Farm, a grass-based beef operation in Coon Valley, Wis. He has a degree in agricultural engineering and a master’s in management from Purdue University. He is one of the developers behind the University of Wisconsin-Madison’s “Compass” software tools that help producers analyze their operations to make data-driven financial decisions.

Peter Schwagerl
Peter and his wife Anne own and operate Prairie Point Farm in western Minnesota. They began farming in 2012 and have successfully transitioned a conventional corn, soybean, and wheat farm into a diversified organic grain and pastured hog operation.  The farm is focused on producing high quality crops for the food market including organic blue corn, soybeans, oats, barley, and field peas.

Luke Peterson
Luke  has been transitioning his Minnesota farm to organic since 2013, and is now farming 500 certified organic acres and has eliminated fall tillage on his annual crops.

 

 

Mark Harbecke
Mark owns and operates William Harbecke Farms in northern Illinois. He has operated this 2000 acre farm since 2002. In 2018, he began the transition of 300 acres to the organic system of farming, and this spring his entire operation will be at some point in the process of organic transition. He plans to grow corn, beans and oats for the food grade market. He has leaned on veteran organic farmers and anticipates becoming more comfortable in the this new rhythm of farming

 

 

 

 

 

 

Generously supported by RMA grant funds. Thank you!

 

 

 

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