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National Pork Conference June 14-17, 2016 Lender Panel Discussion Lee Fuchs.

Published byBerenice Ford Modified over 8 years ago

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Presentation on theme: "National Pork Conference June 14-17, 2016 Lender Panel Discussion Lee Fuchs."— Presentation transcript:

1 National Pork Conference June 14-17, 2016 Lender Panel Discussion Lee Fuchs

2 Topics 1.Interest Rates 2.Loan Terms and Covenants 3.Risk Management Plans

3 Interest Rates Growth Plans Liquidity Position Trends Fed Monetary Policy Yield Curve Risk Premium SWAPS US Treasury web site information: https://www.treasury.gov/resource-center/data-chart- center/interest-rates/Pages/TextView.aspx?data=yield

4 Trend in 10 Year US Treasury Yields (Nominal Rate)

5 US Treasury Yield Curve (2010 versus 2016)

6 US Treasury Yield Curve (2007versus 2016)

7 Loan Terms and Covenants Revolving Loan Maturities Pricing Grids Fees Advance Rates Term Loan Structures Compliance and Reporting

8 Risk Management Plans Market Price Risk Margin management Feed Cost Risk Margin management Interest Rate Risk Fixed rates Production Risk Bio Security Legal Risk Environmental Animal welfare Food safety Counter party risk Liquidity Burn rate

9 Key Takeaways Manage margins aggressively Build and preserve liquidity Expect above average volatility

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