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About
Professor Barnard’s Extension interests include agricultural finance and farm management. He has had extensive experience in agricultural lending. Professor Barnard’s responsibilities include serving as director of the Midwest Agricultural Banking School. The school is co-sponsored by the Illinois, Indiana, Kentucky, Michigan, and Ohio Bankers Associations and is held at Purdue University. In addition, he is the coordinator for the Indiana Bankers’ Agricultural Clinic. He also serves as the Secretary/Treasurer for the Indiana Chapter of the American Society of Farm Managers and Rural Appraisers.
Professor Barnard is also past chairman for the Financial Criteria and Measures Committee and is currently a member of the Technical Committee for the Farm Financial Standards Council. The council recommends guidelines for financial reporting and analysis in agriculture.
Awards & Honors
(2015) Hovde Award. Indiana Farm Bureau.
(2013) Purdue University Book of Great Teachers. Purdue University.
(2005) Outstanding Counselor. Department of Agricultural Economics.
(2015) PUCESA Career Award. Purdue University Cooperative Extension Association.
(2010) Gold Quill Award. American Society of Farm Managers and Rural Appraisers.
(2009) Silver Plow Award. American Society of Farm Managers and Rural Appraisers.
Selected Publications
Barnard, F. L., Akridge, J. T., Dooley, F. J., Foltz, J. C., & Yeager, E. A. (2016). Agribusiness Management, fifth edition. Routledge.
Barnard, F. L., & Yeager, E. A. (2016). IBA Co-Hosts Midwest Agricultural Banking School. 98(1).
Barnard, F., & Yeager, E. (in press). Access to Agricultural Banks in Rural Counties in the Face of Changing Demographics, Evolving Social Preferences and Increasing Bank Regulation. Journal of The American Society of Farm Managers and Rural Appraisers.
Akridge, J. T., Barber, D., Barnard, F. L., Braunlich, L., G’Villo, R., House, L., & Howell, J. (2015). Purdue Agribusiness Management Simulation for Africa. 19.
Barnard, F. L., & Yeager, E. A. (2015). Stress Testing Ag Loans. Missouri Independent Bankers Association, 1.
Barnard, F. L., & Yeager, E. A. (2015). Access to Agricultural Banks in Rural Counties in the Face of Changing Demographics, Evolving Social Preferences and Increasing Bank Regulations. American Society of Farm Managers and Rural Appraisers, 78(1), 9.
Barnard, F. L., & Yeager, E. A. (2015). How Sensitive is Your Ag Portfolio: Weighing the Impact of Adverse Changes in Revenue, Operating Expenses and Interest Rates? 3(1), 2.
Yeager, E., & Barnard, F. (2014). Effectiveness of Increasing Liquidity as a Response to Increased Repayment Risk: A Case Study. Journal of the American Society of Farm Managers and Rural Appraisers, 77(1), 41-59.
Barnard, F., & Yeager, E. (2014). Impact of Lower, More Volatile Net Farm Incomes and Higher Interest Rates on Repayment Risk. Journal of the American Society of Farm Managers and Rural Appraisers, 77(1), 60-79.
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Video Clips
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Topics
MEASURING AND ANALYZING FINANCIAL CONDITION AND PERFORMANCE DURING CHALLENGING TIMES
(1-1.5 hours, and presents a spreadsheet that can be used to calculate accrual-adjusted net farm income)
RETIREMENT PLANNING: HOW DID SOMETHING THIS WELL-INTENTIONED BECOME THIS UNCOMFORTABLE?
Retirement planning is often an involved, complicated, and emotionally charged activity, as consideration is given to future income sources and amounts needed during retirement years. The focus for many non-agricultural individuals is often on contributions to various investment instruments designed to provide the desired income stream while minimizing taxes as withdrawals and any disposition of capital assets are considered. However, for many agricultural businesses, those aspects of retirement planning are just the beginning, because planning often includes the transition of ownership of an on-going business from a retiring generation to a younger generation. Also, it may be further complicated by a desire by several, if not all, involved parties for the business to continue to operate and remain financially viable. Furthermore, planning can become uncomfortable as involved member(s) of the younger generation may want to continue to operate the business after the retiring generation exits and non-involved siblings may not. During this session, business financial viability considerations that should be included in the planning process will be discussed using example leverage scenarios for the remaining business, along with a spreadsheet that can be used by participants to evaluate potential alternatives they may formulate for their own businesses. Once alternatives have been evaluated in terms of the financial viability of the remaining business, those alternatives can then be taken to tax and legal professionals for further evaluation related to tax and legal issues.
UNDERSTANDING CASH TO ACCRUAL INCOME: HOW MUCH DID I REALLY MAKE?
(1-1.5 hours, using the same spreadsheet as mentioned above)
ANALYZING ALTERNATIVES FOR IMPROVING LOAN REPAYMENT CAPACITY: WHERE SHOULD I SPEND MY TIME?
(1-1.5 hours using the same spreadsheet to analyze operational and loan term changes to improve loan repayment capacity)
UNDERSTANDING FINANCIAL STATEMENTS AND ANALYSIS FOR AGRICULTURAL FIRMS: WHAT DO I NEED TO FULLY UNDERSTAND THE FINANCIAL ASPECTS OF MY BUSINESS
(all day workshops, with practical exercises throughout and uses the spreadsheet, typically 9:00 am – 4:00 pm)
SHARPENING THE MANAGEMENT SKILLS NEEDED TO MANAGE AN AGRIBUSINESS
(One-hour overview up to multiple-day workshop, this can include using a computer simulation program to simulate the management of a retail firm by making decisions for 6 quarters (i.e., making a decision and then getting back the results and then making another one), includes sessions throughout on cash flow, breakeven, financial ratios and profitability linkage model.
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Testimonials
2 people have recommended this speaker
“Freddie met our expectations in the subject matter but exceeded our expectations for his willingness to share his Excel spreadsheet free of charge with our attendees.”
“Freddie exceeded expectations and was thoroughly enjoyed by customers.”
“Freddie met our expectations in the subject matter but exceeded our expectations for his willingness to share his Excel spreadsheet free of charge with our attendees.”