OFFICIAL PUBLICATION OF THE KANSAS BANKERS ASSOCIATION

Day: June 9, 2021

Golf-Course

KBA Golf Classic

KBA Golf Classic May 10, 2021 • Newton, Sand Creek Station TEAM EVENTS AND RESULTS FIRST FLIGHT1ST PLACE Ron Johnson, Community National Bank, Seneca Mike Fahrbach, First National Bank, Hutchinson Gregg Lewis, First Option Bank, Paola Bruce Schriefer, Schriefer Consulting, Wichita  2ND PLACE Andrew Manley, Kansas Bankers Tech, Salina Dahx Marrs, Kansas Bankers Tech, SalinaBrian Boyer, Advantage Trust …

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Big demand for used farm equipment creates a hot market and higher sales prices. Due to the COVID-19 pandemic, raw materials are scarce, and heavy equipment makers have had to readjust how they are manufacturing farm equipment, which has caused production to slow down and delivery delays on new equipment to be common. The scarcity of equipment is causing a large demand for used machinery by buyers who aren’t able to purchase anything new for a period of time, creating the perfect scenario for those who want to sell equipment or are contemplating retirement and selling off assets. If you are working with farmers who have been debating the life-changing decision of retirement or are simply looking to sell equipment they are no longer using, now is the time to act. This greater demand for used equipment is resulting in higher final sales prices for sellers, which provides a more significant financial return and can put them in a better financial position for retirement. If a farmer is wavering or just recently made the decision to stick it out for one more year due to optimism in the ag market, they may be better off liquidating their assets now when buyers have more money in their pockets. There is no guarantee that prices will remain high. Retiring farmers can capitalize on higher returns now, while future retirees who choose to farm one more year risk obtaining less for their assets next year. The pandemic has also changed the auction business, and farmers are turning to online auctions more than ever to sell used equipment and farmland. The benefits of an online auction are increasingly apparent and an excellent choice for your clients who want to retire and increase their capital. Sellers can take advantage of the hot market as well as showcasing equipment to a global buyer base, which means even more buyers bidding on equipment and driving up profits.

Mark Stock BigIron Auctions

Big demand for used farm equipment creates a hot market and higher sales prices.
Due to the COVID-19 pandemic, raw materials are scarce, and heavy equipment makers have had to readjust how they are manufacturing farm equipment, which has caused production to slow down and delivery delays on new equipment to be common. The scarcity of equipment is causing a large demand for used machinery by buyers who aren’t able to purchase anything new for a period of time, creating the perfect scenario for those who want to sell equipment or are contemplating retirement and selling off assets.

Kansas LIBOR transition

What Kansas Banks Need to Know About the LIBOR Transition

As 2021 progresses, the use of LIBOR is drawing to an end. For decades, financial institutions have used LIBOR (the London Interbank Offered Rate) as the prevailing reference rate for determining interest rates in commercial and financial transactions. As a result of changes in the financial markets and as a response to the manipulation of LIBOR by several banks almost a decade ago, the United Kingdom’s Financial Conduct Authority (the FCA) announced in 2017 it did not expect LIBOR to remain as an acceptable benchmark for the setting of interest rates beyond 2021.

Covid-Cash

Are There Still Credit Risks Related to the Pandemic?

The short answer to that question is a
resounding “Yes!” The economy is reopening, the vaccine is widely available, and face coverings and social distancing mandates are being lifted. Regarding the coronavirus pandemic, these are all good things. However, regarding a bank’s loan portfolio, there may still be some lingering risks of which bankers will need to stay abreast.

Economic-Shocks

Long Live Your Margin

2020 may be behind us, but the year’s historic economic shocks and financial market volatility will leave a lasting impact on our business markets and balance sheets. As we strategize for the future, the importance of a dynamic and scenario-driven ALCO decision-making process is abundantly clear — especially given it may be harder than ever to predict the path ahead and thus your bank’s performance.

rebound-growth

The Coming Bankruptcy Wave: A Bankruptcy Overview for Creditors

Experts predict a continuing rise in bankruptcy filings as COVID-related debt relief expires. This article is intended to provide creditors with a brief bankruptcy overview, including the most common types of bankruptcy cases, to enable them to more confidently participate in the bankruptcy process. Of course, bankruptcy is complex, and each case is uniquely nuanced. Creditors should contact a bankruptcy attorney for assistance in responding to specific bankruptcy filings.