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2013 Pork Management Conference Your Pork Industry Investment

2013 Pork Management Conference Your Pork Industry Investment. LOL Finance Company Dan Glienke CEO June 20, 2012. Who are we…. Subsidiary of Land O’Lakes, Inc. Focus on the livestock industry and projects for the benefit of Land O’Lakes and its members .

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2013 Pork Management Conference Your Pork Industry Investment

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  1. 2013 Pork Management ConferenceYour Pork Industry Investment

    LOL Finance Company Dan Glienke CEO June 20, 2012
  2. Who are we…. Subsidiary of Land O’Lakes, Inc. Focus on the livestock industry and projects for the benefit of Land O’Lakes and its members. Lend to swine, cattle, dairy and poultry producers. Loan funded in 27 states. Six loan officers: Iowa (2), Minnesota, Nebraska, North Dakota and South Dakota. 2012 loan approvals 120% increase over 2011.
  3. Loan types
  4. Lending Perspective Financial Criteria Equity to Asset Ratio 30% to 50% Current Ratio 1:1 to 1.75:1 Repayment Capacity 110% to 120% Loan to Value 65% to 85% Criteria based on amount of retained production, marketing and input cost risk. Lend to successful livestock systems. Proven production history. Competitive production costs. Sound marketing plan. Margin management. Processor relationship.
  5. Margin Risk “Corn was supposed to go down” No one can predict where to market is going. Loan covenant: Marketing plan with the objective to actively monitor and manage forward margins in an effort to reduce or eliminate the effect of adverse commodity prices.
  6. Thank you!
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