Economic Update

Date: Thursday, April 14, 2016
Time: 12:00 PM ET / 11:00 AM CT / 10:00 AM MT / 09:00 AM PT [Prevailing Time]
Presenter(s): Terry N. Barr, CoBank, ACB - Senior Director of Industry Research Knowledge Exchange Division
Learning Objectives:
Challenges facing global and the US economy.
Field of Study: Economics
Program Level: Overview
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
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Course Description

The global economy and agriculture will begin significant transitions in the year ahead. The pace of these transitions will have significant implications for the realignments in the U.S. food, fiber and agriculture sectors and the evolution of domestic and global supply chains. This session will examine the major players in driving global growth and the implications for U.S. agriculture export potential. A review of the growth catalyst for the U.S. economy will provide insights into the strength of domestic demand. The session will also include a review of the changes in the major agricultural commodity markets. Grain and oilseed prices have fallen sharply with the significant increase in global supplies and profit margins have improved dramatically for the animal protein, ethanol and dairy sectors. Increased global competition for export markets, changes in farm programs and continuing large grain and oilseed supplies would force realignments of grain destinations, animal protein and dairy production, acreages, land values, rental rates, input utilization and the respective supply chains.

Presenter and Moderator Bios
Terry Barr, a nationally recognized agricultural economist, is senior director for CoBank’s Knowledge Exchange Division, an information and knowledge-sharing initiative created in 2009. Knowledge Exchange draws on the expertise and insights of customers, experts within the bank and people from across the Farm Credit System to develop industry-specific strategic information and research. Previously, Mr. Barr served as chief economist for the National Council of Farmer Cooperatives in Washington, DC. Prior to joining NCFC, Terry held several positions during a 14-year tenure at the U.S. Department of Agriculture. He served as chairman of the World Agricultural Outlook Board, which is responsible for coordinating USDA’s commodity forecasts and for publishing its monthly World Agricultural Supply and Demand Estimates. He also served in the Office of the Secretary of Agriculture as director of economic analysis, where he prepared economic analyses and assessments of the impacts of alternative farm policy options and decisions. Terry holds a doctorate in economics from Washington State University.

Cost
$56.00 for NSAC Members / $70.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.