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Developing Professionals Spring Event – Effingham
May 10 @ 9:30 am - 4:00 pm
GFAI’s Developing Professionals group is headed to Effingham on May 10th for a variety of excellent education, tours and networking!
Seating is limited for this event and the deadline to May 4th! Cost to attend: $50
9:30am Tour at South Central FS Feed Mill, Effingham, IL
This brand new multi-species feed mill is state-of-the-art and features a 4-ton mixer, with the ability to mix 60 tons of feed per hour, two roller mills to process corn, the ability to pellet feed and a 100,000-bushel grain bin.
10:45am Arrive at Effingham Event Center, 1501 W Fayette Ave, Effingham, IL 62401
11:00am Variable Storage Rate and Impact on Basis Levels with Curt Strubhar, Advance Trading, Inc.
The CME is aware of convergence issues between cash prices and futures prices, particularly for soybeans. One consideration for improving convergence is implementing a Variable Storage Rate like both CME wheat contracts utilize. This presentation will discuss the mechanics and impact of a Variable Storage Rate.
12:45pm Getting Involved
Everyone benefits from a strong Association and the Association thrives when the industry is connected. Being active within the organization has personal benefits too. Learn how and why some members became involved and the benefits they continue to see through their participation.
1:00pm Strategies of Success: A Look at the Maschhoffs with Dr. Omarh Mendoza, Associate Director of Nutrition, The Maschhoffs
As the fourth largest hog production company in America, pork from Maschhoff farms feeds approximately 16 million people each year. Dr. Mendoza will detail the history of this company and their approach to success through partnerships, community involvement and corporate culture.
1:45pm Farm Outlook with Steve Witges, Regional VP for Farm Credit Illinois
This presentation will provide an overview of the marketplace landscape of South Central Illinois, including land value trends, current economic conditions of agriculture and the top reasons some farmers find themselves in financial difficulty today.
2:30pm Tour of Siemer Milling, 111 West Main Street, Teutopolis, IL 62467
Siemer Milling purchases 25 million bu. of locally-grown wheat and produces 750,000 tons of processed wheat products annually, including wheat bran, wheat germ and their main item, wheat flour, which goes to make cookies, crackers, pretzels and other items. This tour will feature their flagship mill in Teutopolis, where they have increased production capacity by 70% in seven years and boast one of the most modern mills in the U.S.!
4:00pm Closing Comments