Below are links to the PowerPoint slides to be presented by a panel of agricultural lenders addressing the topic Ag In Uncertain Times: Where Are We?
Presenters include:
* Jay Penick – CEO Northwest Farm Credit Association
* Curt Covington – Senior VP, Agribusiness Banking, Bank of the West
* Chris Beyerhelm – Assistant Deputy Administrator for Farm Loan Programs with the Farm Service Agency
Click on the presenter names to access the PowerPoint presentations made by each panel member.
A recording of the webinar presentations will be posted once it has been compiled under a separate listing.
One participant asked: “Explain 100 Basis Points. How is it used when interest rates are in percentages?”
A basis point is 1/100th of a percentage point. My interest rate on my home loan is 6.25% or 625 basis points. A banker would say that his cost of funds was 225 basis points, the spread he wants for the risk of the loan and his operational costs is 300 basis points (BP) for a retail loan price to the customer of 525 bp or 5.25%