Monetary Policy and Farm Income Outlook for Missouri’s Ag Lenders Webinar

Date: October 7, 2022


Sponsors: Food and Agricultural Policy Research Institute at the University of Missouri, Rural and Farm Finance Policy Analysis Center, and MU Extension.

Target Audience: Agricultural lenders, credit managers, rural land appraisers, Congressional staffers, county commissioners, and Ag Service Providers (alternative lending sources such as John Deere Finance, MFA Credit).


Key Objectives:

– Educate attendees on US monetary policy and overview options under consideration by the Federal Open Market Committee,
– Provide historical context of how monetary policy options influenced consumer spending behavior and investment decisions,
– Prepare attendees on how monetary policy decisions may impact loan demand, asset values, and loan refinancing,
– Provide an overview of Missouri Farm Income portfolios,
– Deliver an outlook on Missouri cash receipts, expenses, and net farm income, and
– Draw special attention to areas of concern among Missouri’s farm and rural sector.


Speakers:

Moderator: Dr. Michael Sykuta – Associate Professor, University of Missouri

– William Emmons – Federal Reserve Bank of St. Louis
   The Fed’s Battle to Slay the Inflation Dragon Has Just Begun

– Bob Maltsbarger – Rural and Farm Finance Policy Analysis Center, University of Missouri
   Understanding the Fall 2022 Missouri Farm Income Outlook


Bios

William EmmonsFederal Reserve Bank of St. Louis

Dr. William Emmons is the lead economist in the Division of Supervision, Credit and Learning at the Federal Reserve Bank of St. Louis. He co-founded and served as the lead economist in the Center for Household Financial Stability from 2013 to 2020. Since 1997, he has served as an adjunct professor at the John M. Olin Business School at Washington University in St. Louis where he teaches courses in corporate finance. His research interests include financial institutions, financial markets, financial regulation, and household financial conditions. Dr. Emmons received a PhD in Finance from the J.L. Kellogg Graduate School of Management at Northwestern University and a Master of Science in International Business from the University of Illinois at Urbana-Champaign. He and his wife, Vera, have three lively children, Sonia, Thea, and Nathan.


Bob Maltsbarger – Rural and Farm Finance Policy Analysis Center, University of Missouri

At the University of Missouri, Bob serves as the lead modeler for the Rural and Farm Finance Policy Analysis Center developing state-level farm cash receipts, farm expenses, government payments farm income and specialty crop forecasts. He also serves as a senior research economist with the Food and Agricultural Policy Research Institute at the University of Missouri (FAPRI-MU), where he provides cost of production outlook information to support farmers and agricultural stakeholders.

Bob grew up on a family farm in central Missouri that included a cow-calf operation, hay production, and row crops. He holds a PhD in agricultural and applied economics from the University of Missouri and a MS and BS in agricultural economics from the University of Missouri.