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ARM AND Q anch Q u l l e t in Vol. 21, No. 11 November 1966 TEXA S FARM A N D R A N C H CREDIT S C H O O L FO R C O M M E R C IA L BA N K ER S Texas A & M University, November 9-1 I The 15th Annual Texas Farm and Ranch Credit School for Commercial Bankers will be held at Texas A&M University on November 9-11. The program has been designed to depict the fast-changing capital requirements of agri culture and the challenge which the change poses for all those interested in farming. The expansion of credit places a great responsibility upon lending institutions. The changing envi ronment of the agricultural setting requires that the many problems of financing agricul tural enterprises be analyzed more completely. Today’s farm units are large and complex, requiring a high level of management for suc cess. The managerial process must have access to current and accurate accounts if rational decisions are to be forthcoming. Despite the type of farm enterprise, there can be no sub stitute for good record keeping. A complete analysis of the total farming operation can help determine the best use of credit. F E D E R A L R E S E R V E DALLAS, The substitution of capital for labor has required a greater dependence upon outside financing. In fact, internal accumulation of capital becomes more difficult since technolog ical developments occur faster than the farm operator’s ability to generate savings. Further more, farm ers’ attitudes toward the use of credit have changed greatly in recent years. To meet the financial needs of farmers will require foresight in the development of effec tive lending practices. The growth in farm size, expenses, and pur chased inputs and the narrowing of operating margins call for an evaluation of lending prac tices from the standpoint of both the borrower and lender. The full coordination of loans for short-, intermediate-, and long-time financial needs must be weighed against the capacity for repayment. A complete set of records and a thorough analysis is the best way of determin ing the potential of a farm operation. B A N K TEXAS OF D A L L A S PROGRAM Texas A & M University, Memorial Student Center Wednesday, November 9 1:30 p.m. Registration 7:00 p.m. Smorgasbord (Wives are welcome) Toastmaster — R. E. Patterson, Dean, College of Agriculture, Texas A&M University Welcome — Earl Rudder, President, Texas A&M University Response — Carlton J. Chapman, Chairman, Bankers Advisory Committee, 1966 Farm and Ranch Credit School, and President, Wolfforth State Bank, Wolfforth, Texas Entertainment — Singing Cadets of Texas A&M University Announcements — Reagan V. Brown, Extension Sociologist, Texas A&M University Thursday Morning, November 10 Chairman — Gerald York, Agriculturist, The First National Bank, Corsicana, Texas 8:30 a.m. Our Environment Walter Johnson, President, Texas Bankers Association, and President, First National Bank, Abilene, Texas 8:50 a.m. How a Banker Can Develop Agricultural Income Albert Agnor, Community Specialist, Southwestern Electric Power Company, Marshall, Texas 9:30 a.m. Profitable Beef Cattle Loans Financing Stocker Cattle George Logan, Vice President and Agriculturist, The First National Bank, Waco, Texas Financing Beef Cattle Feedlots Tom Simmons, Cattle Feeder, Lubbock, Texas 10:15 a.m. Questions 10:30 a.m. Coffee Break 10:50 a.m. Production and Management Standards for Profitable Range Cattle Operations Cal Boykin, Agricultural Economist, U.S. Department of Agriculture, Texas A&M University I 1:30 a.m. Questions I 1:45 a.m. Lunch Thursday Afternoon, November 10 Chairman — Clyde Gordon, Vice President, Citizens National Bank, Lubbock, Texas 1:15 p.m. W here W e Are in the Beef Cattle Cycle Ed Uvacek, Extension Livestock Marketing Specialist, Texas A&M University 1:45 p.m. Questions 2:00 p.m. Farm Credit Analysis Handbook Tom Prater, Extension Farm Management Specialist, Texas A&M University 2:15 p.m. Coffee Break 2:30 p.m. Bull-Whipper Sections 1. Influence of Cotton Program on Texas Economy Robert W. Heard, South Texas Cotton Improvement Association, Inc., Victoria, Texas James W. Graves, Assistant Professor, Department of Agricultural Economics and Sociology, Texas A&M University 2. Necessary Records for Appraising Agricultural Loans Carlton J. Chapman, President, Wolfforth State Bank, Wolfforth, Texas 3. How to Attract Agricultural Loans and Savings H. M. Breedlove, Vice President, Farmers State Bank, Clarendon, Texas Jack B. Taylor, Agriculture Field Representative, San Angelo National Bank, San Angelo, Texas Jim N. Boswell, Vice President, The Austin National Bank, Austin, Texas 4:30 p.m. Adjourn Thursday Evening, November 10 7:00 p.m. Banquet (W ives are welcome) Toastmaster — Tyrus R. Timm, Head, Department of Agricultural Economics and Sociology, Texas A&M University “You and That First Million” — Bob Murphy, Humorist, Lawyer, and Philosopher, Nacogdoches, Texas Friday Morning, November I I Chairman — A. C. Spencer, Executive Vice President, The Huntsville National Bank, Huntsville, Texas 8:30 a.m. Application of the Uniform Commercial Code to Agriculture W. H. Kelley, President, The State First National Bank, Texarkana, Arkansas 9:00 a.m. Discussion 9:30 a.m. Sources of Funds to Meet Credit Needs Chas. N. Shepardson, Member, Board of Governors, Federal Reserve System, Wash ington, D. C. 10:15 a.m. Discussion 10:30 a.m. Challenges in Agricultural Financing T. D. Brown, Chairman, Agricultural Committee, American Bankers Association, and President, The Security State Bank, Sterling, Colorado 11:15 a.m. W e Are Glad You Came Sidney L. Jenkins, Extension Dairy Marketing Specialist, Texas A&M University P la n n e d by: B an k ers S p o n so re d A d v is o ry C o m m itte e by: T e x a s A g ric u ltu ra l E x te n s io n S e r v ic e T e x a s A g r i c u l t u r a l E x p e r i m e n t S ta ti o n o f T h e C o l le g e o f A g r i c u l t u r e T exas A& M E n d o rse d by: T exas C o n d u c te d The U n iv e rs ity B a n k ers A s s o c ia tio n by: D e p a rtm e n t o f A g ric u ltu ra l E c o n o m ic s and S o c io lo g y
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