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AND ANCH B ulletin November 1964 Vol. 19, No. 11 T E X A S F A R M A N D R A N C H C R E D IT S C H O O L FO R C O M M E R C IA L BANKERS Texas A & M University, November 11-13 Agriculture continues to be one of the most changeable segments of the economy. The changes taking place affect all types of farms and reach into all areas of farming. The tech nological revolution has made it possible for farmers to combine the resources at their dis posal into highly productive and efficient units. The trend of fewer farmers and farm workers producing more total products on fewer acres with fewer man-hours is continuing. Farm out put per man-hour in 1963 was more than 6 percent larger than in 1962, and production per man-hour has almost doubled since 1953. In this process of change, agriculture has become increasingly dependent upon the non farm sectors of the economy for production inputs. Farmers today purchase over twothirds of the inputs utilized in farming. Greater specialization and use of improved farm prac tices have resulted in a close interdependence between the farm and nonfarm sectors of the economy. The substitution of goods and ser vices purchased from the nonfarm sector to re place farm labor, animal power, and land has been noted in increased productivity. The com mercial banker has been, and will continue to be, a partner in the development of the most productive and efficient agriculture in the world today. The annual Texas Farm and Ranch Credit School for Commercial Bankers is designed to give attention to the requirements of a modern- FEDERAL RESERVE DALLAS, day agriculture. The program planning com mittee is composed, in large part, of bankers who face the challenge of meeting the financial needs of farmers, ranchers, and agribusiness enterprises. The financial requirements of com mercial farms are great today and promise to be greater in the future. Farm and ranch production is oriented more and more toward a market economy that de mands a consistent quality and an even sea sonal flow of commodities. Consumers have changed their preferences and, through higher levels of living, have been able to demand more built-in services in the products they buy. The market structure of the food industry has changed to meet the services demanded and to gain technical efficiency through volume pur chases and distribution. In order to meet market demands, farmers have increased the size of units and tended toward specialization. The development of a market-oriented agriculture has resulted in onethird of the commercial farms selling threefourths of the commodities marketed. Com plete financial arrangements have been re quired to further the efficiency of agriculture and to make it possible to remain competitive. The program for this year’s credit school will touch on many of the facets of agricul ture’s changing structure. By necessity, an in dustry oriented toward a dynamic mass-market economy must make broad adaptations. BANK TEXAS OF DALLAS PROGRAM Texas A & M University, Memorial Student Center Wednesday, November I I 1:30 p.m. Registration 7:00 p.m. Smorgasbord (Wives are welcome) Toastmaster — Reagan Brown, Extension Sociologist, Texas A&M University Welcome — Robert G. Cherry, Assistant to Chancellor, Texas A&M University System Response — Jim N. Boswell, Chairman, Bankers Advisory Committee, 1964 Farm and Ranch Credit School, and Vice President, The Austin National Bank, Austin, Texas Thursday Morning, November 12 Chairman — Carlton J. Chapman, Vice President, The State National Bank, Big Spring, Texas 8:30 a.m. W e Look at Our Opportunities in Agriculture John G. McHaney, Extension Economist, Texas A&M University 8:50 a.m. Partners for Progress in Agricultural Finance E. T. Savidge, Deputy Manager, Agricultural Commission, American Bankers Associa tion, New York, New York 9:20 a.m. Discussion 9:30 a.m. Correspondent Bankers — How They Can Help You Sam C. Montgomery, Vice President, National Bank of Commerce, San Antonio, Texas 10:00 a.m. Discussion 10:20 a.m. Coffee Break 10:35 a.m. Making Sound Agricultural Loans Joe Biry, Vice President, First Capitol Bank, West Columbia, Texas 11:00 a.m. Discussion 11:15 a.m. Legal Aspects of Agricultural Finance Norman Arthur Stewart, Jr., Associate Professor of Business Law, Texas A&M University I 1:45 a.m. Discussion 12:00 noon Lunch Thursday Afternoon, November 12 Chairman — D. A. Mabra, Vice President, The First National Bank, Fort Worth, Texas 1:15 p.m. Management Decisions by Computers — How Your Bank Can Benefit Rex P. Kennedy, Economist in Management, Texas A&M University 2:15 p.m. Workshop Sessions 1. Estate Planning Preston Utterback, Vice President and Trust Officer, The First National Bank, Fort Worth, Texas 2. What’s New in Agricultural Marketing? James E. Kirby, Extension Economist — Marketing and Policy, Texas A&M University Sidney L. Jenkins, Extension Dairy Marketing Specialist, Texas A&M University Gordon R. Powell, Extension Fruit and Vegetable Marketing Specialist, Texas A&M University 3. Income Tax Changes and the Agricultural Industry M. H. Dougharty, Vice President, The First Security National Bank, Beaumont, Texas 4:30 p.m. Adjourn Thursday Evening, November 12 7:00 p.m. Banquet (Wives are welcome) Toastmaster — John E. Hutchison, Director, Agricultural Extension Service, Texas A&M University Introduction of Speaker — R. E. Patterson, Dean, College of Agriculture, Texas A&M University How Agricultural Legislation Is Formulated — The Honorable W. R. Poage, Vice Chair man, Agricultural Committee, U. S. House of Representatives, Washington, D. C. Friday Morning, November 13 Chairman — S. P. Beck, Vice President, The State National Bank, Texarkana, Arkansas 8:30 a.m. New Ideas in Merchandising Agricultural Products Robert E. Branson, Professor, Department of Agricultural Economics and Sociology, Texas A&M University 9:00 a.m. Discussion 9:15 a.m. Land Clearing, Will It Pay? Wayne Connally, Floresville, Texas 10:00 a.m. Future for Beef Moderator — John G. McNeely, Professor, Department of Agricultural Economics and Sociology, Texas A&M University Panel Members Dolph Briscoe, Jr., Rancher, Banker, and Past President of the Texas and South western Cattle Raisers Association, Uvalde, Texas O. D. Butler, Head, Animal Husbandry Department, Texas A&M University J. D. Sartwelle, Rancher, Livestock Marketer, and Livestock Exporter, Houston, Texas Virgil Reynolds, Director of Merchandising, Weingarten’s, Inc., Houston, Texas 10:30 a.m. Discussion 10:45 a.m. Let's G o to Work Tyrus R. Timm, Head, Department of Agricultural Economics and Sociology, Texas A&M University
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