Potato Expo Digital Guide - 2021 - 24

Ian Puddephat, Ph.D., Senior Director of Agro
Sciences, PepsiCo; Jeremy Singer, Ph.D., Director
of Agronomy, Simplot Plant Sciences.
The Revolution is Here: The Center Pivot as an
Agronomic Management Tool
Sponsored by Lindsay
10-10:30 A.M. PT | 1-1:30 P.M. ET
For 50 years the center pivot has been the most
efficient tool available to growers for irrigating
potatoes. Despite its perfection for irrigation,
the industry has struggled to make the pivot do
more. Recent advances in technology around
machine vision, big data, machine learning
and control systems are ushering in a new era
of productivity for the center pivot. Satellite
imagery, advanced analytics and the ability to
deploy nearly everything a potato crop needs
via the pivot will make this must have tool
even more valuable to growers. The pivot is no
longer just for irrigation. It's an autonomous
agronomic robot powered by an advanced
management platform. Presenters: Wade
Sikkink, Director, Global Product Management,
Lindsay Corporation; Kurtis Charling, Director
of Software Development, Lindsay Corporation;
Mike Pink, Pink Farms, Mesa, Washington.
THURSDAY, JAN. 7
Trending Issues in Farm Succession Planning
9:30-10 A.M. PT | 12:30-1 P.M. ET
Our panel will address current issues in
succession planning and introduce a number of
" best practices " we are seeing in the field.
Rewarding and Retaining Non-Family Talent.
Most successful Ag operations have at least
one key manager who is not part of the
family, but plays a critical role in the operation.
Often, retaining those managers is a critical
component in a successful succession plan. But
competition for talent is at an all-time high, and
" pirating " of employees is increasing. We will
introduce strategies successful operations are
using to retain talent in today's marketplace.
Reimagining the Buy-Sell Agreement. Multiowner
farming, growing, packing and ranching
24
Potato Expo
operations generally have some form of buysell
agreement between shareholders and
LLC members. In many cases, these buy-sells
were prepared by the farm's advisors, using
the same documents they would use for
non-Ag businesses. But farm operations have
significant differences from manufacturing,
retail and service sector firms, and the types of
arrangements which work well on Main Street
may be ill-suited to farm families. This session
will explore different ways to best craft these
plans and will introduce innovative alternatives
to achieving common objectives, potentially
with greater flexibility and lower tax cost.
What's Your Value Gap? Retiring without
Breaking the Farm. Many Americans will live 20
years or longer in retirement, and Farm families
are often particularly unprepared. Unlike other
business owners, Ag operators usually have
relatively little in the way of financial assets.
(Profits are often used to buy land, instead
of going into a retirement plan). And while
many non-farm business owners will sell their
business to fund their retirement, farm families
more often wish to pass the operation down
to the next generation. Finally, due to the way
farmers and growers compensate themselves,
they rarely amass a comfortable 401K or
pension, or even a big Social Security benefit.
We will discuss strategies to ease retirement and
Potato Expo Digital Guide - 2021

Table of Contents for the Digital Edition of Potato Expo Digital Guide - 2021
