Potato Expo Digital Guide - 2022 - 32

BREAKOUT SESSIONS
AT THE INNOVATION HUB
9:00am-4:00pm | ACC North, 200 Level
THURSDAY, JAN. 6
9:00am-9:45am
ACC North, 200 Level, 252
Volatility In Inputs - 2022
Profitability Forecast
Using modeling that includes the use of
historical potato prices and input costs, the
session will provide profitability forecasts and
probability scenarios to understand the impact
of volatile input prices on potato production for
the coming year.
* Pat Hatzenbuehler, Ph.D., Assistant
Professor and Extension Specialist,
Department of Agricultural Economics
& Rural Sociology, University of Idaho
9:00am-9:45am
ACC North, 200 Level, 255
Farm Succession Planning in
Uncertain Times
As the wave of Baby Boomer Growers nears
retirement age, the next decade will see an
unprecedented wave of farm transfers to the
next generation. These transfers are often
complicated by issues like: providing financial
security for the retiring generation; providing
a " fair " inheritance for children who are not
active in the operation (perhaps leaving the
door open for their children to come back to
the farm?); minimizing taxes on the transfer;
and providing liquidity to pay estate (and
possible capital gains) taxes, without the next
generation being forced to sell the operation of
some of the acreage.
This process may be further complicated
32
2022 Potato Expo Digital Guide
if Congress makes significant changes to the
current tax laws. In this timely session, our
team from Lincoln Agribusiness Services will
address: transfer planning 101: Understanding
your options under the tax code, as they stand
at the time of Potato Expo; proposed changes,
and how they may complicate planning; steps
you can take today to protect the farm and
your family; and, case studies showing how
these work in real life.
* Ryan Baker, CBEC/Lincoln Financial
Agribusiness Services
* Michael Cohen, CRPC, CBEC/Private
Wealth Services/Lincoln Financial
Agribusiness Services
* Jeffrey S. DeWald, CLU, ChFC, CBEC/
Lincoln Financial Agribusiness Services
* Mark L. Sherin, CFP, CLU, CBEC/Lincoln
Financial Agribusiness Services
9:55am-10:25am
ACC North, 200 Level, 252
Recovery Since COVID-19. Is
Foodservice Coming Back?
Like other sectors of the food supply chain,
the potato industry was seriously impacted by
COVID-19 and government-based restrictions
and government-imposed restrictions on
foodservice establishments. Now, nearly two
years following the initial shutdown, the nation
continues to see the foodservice sector ...
9:55am-10:25am Breakout Session
continues on page 34 »
Potato Expo Digital Guide - 2022

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