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2017 Financial Management Conference Benefits Florida Agriculture Commodities

Wednesday, December 6, 2017
Article by: Greenline

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The 2017 Florida Agriculture Financial Management Conference (FAFMC) was held November 2 & 3 at the B Resort and Spa, Lake Buena Vista, FL and addressed key financial issues growers and producers face. This is the conference’s eighth year. 

From touring a new state-of-the-art packing facility where millions of blueberries are packed to a fourth-generation citrus grower, then ending up at a 40-acre U-Pick operation, the 2017 FAFMC attendees started their conference experience in the heart of the what make agriculture strong in Florida.

Some of the nation’s leading agricultural and economic experts provided information on the latest trends and tools to assess and manage the overall financial health of their business. Back again as one of the conference’s dedicated presenters, Dr. Edmond J Seifried, Professor Emeritus of Economics and Business at Lafayette College in Easton, PA, provided an economic outlook for 2017 and shared his view on how the current administration and policy agenda will affect the US economy.

Analyzing financial performance, evaluating new market opportunities such as solar energy, cyber security and adapting to regulatory and technology changes were just some of the highlights of the conference.

Regina Thomas, co-organizer of the Florida Agriculture Financial Management Conference and senior vice president/director of financially related services for Farm Credit of Central Florida, said the conference began eight years ago during the recession that rocked the entire U.S. economy. 

“We had a lot of nursery growers and farmers that were struggling, and financial management was really something that they needed to help pull them through,” said Thomas. “We always have a tax strategy speaker, and a financial management speaker,” Thomas said. 

And, she adds, the conference usually has information about succession planning and encourages young farmers to attend. Solar energy was a topic of interest at this year’s conference. A panel of experts discussed incentives to benefit Florida’s business owners and residents who choose to implement solar energy systems on their property. 

“We’re just now seeing solar get to be one of those things that is starting to pop up,” she said. “It’s definitely an alternative source of revenue for farmers.”

The FAFMC conference content is applicable to all segments of agriculture. Sound financial management remains a top priority among many of Florida’s agricultural businesses. This conference hits this facet.

Planning for 2018’s conference will begin soon. Look for details as they develop at www.FAFMC.org!

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