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Outreach
Bankers
Agricultural Credit Conference
The Thornton
Agricultural Finance Institute Co-Sponsors the
Annual Bankers Agricultural Credit Conference.
The conference program each year address issues and topics related to
agricultural lending, the agricultural economy, legal and regulatory
issues, commodity outlook and other issues of interest to rural bankers
and lenders. The conference is directed by a board of directors
made up of representatives from area banks. Dr. Phillip Johnson,
Director of the Thornton Agricultural Finance Institute, is the
conference coordinator.
Texas
Agricultural Lending School
The Texas
Agricultural Lending School is Co-Sponsored by Texas Tech University and
Texas A&M University. The Texas Agricultural Lending School
provides an in-depth curriculum on issues relating to agricultural
lending. The location of the lending school rotates between
Texas Tech University and Texas A&M University. The coordinators
of the lending school are Dr. Danny Klinefelter, Extension Economist and
Professor, Texas A&M University, and Dr. Phillip Johnson, Associate
Professor, Texas Tech University. An Advisory and Planning
Committee made up of representatives from banks and agricultural lending
institutions in Texas direct the program. |
Research
Agricultural
Finance Research
The
Thornton Agricultural Finance Institute provides a focus
for research on important
topics in agricultural finance. Agricultural finance is a broad
area that relates to many of the research projects within the Department
of Agricultural and Applied Economics. The Institute provides
resources to assist in several research areas.
Standardized Performance Analysis
for Multiple Enterprise Farms
Standardized Performance Analysis (SPA) is an
integrated production, marketing, and financial analysis of farming
operations that focuses on measuring
enterprise profitability and costs of production to
enhance farm-level
decision making. The Standardized Performance Analysis-Multiple
Enterprise (SPA-ME) software program allows for the creation and reconciliation
of whole-farm financial statements that provide a basis for enterprise
analysis. The SPA project has worked with producers in the Texas
High Plains and Costal Bend regions to provide analysis of individual
farming operations and compile databases of cost of production and
profitability for cotton and grain sorghum production. Several
publications from the SPA project have been published in academic journals and as
conference proceedings.
Web-Based Production Cost
Calculator
Knowledge of the true
costs of production is required for crop producers to make sound
production, financial, and marketing decisions. The
Web-Based Production Cost
Calculator
is an information based
management tool that can be used in conjunction with their present record
system to assist producers in calculating their true production costs.
The web-based enterprise production cost calculator, can aid producers in evaluating
enterprise cost and returns by using income statement financial information
in addition to enterprise production information. The allocation of income
and cost items from the income statement to enterprises and sub-enterprises
through the use of specified allocation methods facilitates the
calculation of a true cost of production and enterprise profitability. |
