AGRICULTURE: TODAY, TOMORROW, AND BEYOND

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1 AGRICULTURE: TODAY, TOMORROW, AND BEYOND Lincoln Savings Bank Lincoln Savings Bank MEMBER FDIC 1 MEMBER FDIC

2 8:00 8:30am Registration 8:30 9:15am Ag Economic Update: Matt Adams, Brad Hayes, Travis Smock (Peoples Company) Break 9:30 10:30am Estate & Farm Succession Planning: Bob Hodges (JD Brown Winnick) Julie Versluis (LSB WM & Trust) Break 10:45 11:15am Changes in Ag Lending: Chris Frischmeyer (LSB Commercial Lending) 11:15 12:00am Case Study with Wealth Vision: Mark McCombs, Scott Wirtz, Nick Blasberg, Andy Pollock (LSB WM & Trust) 12:00 12:15pm ALL Lincoln Savings Bank Staff Introductions 12:15 1:30pm Lunch Speaker Iowa Farmers Global Farming Impact & International Partnerships: Allen Karkosh (Black Hawk Mutual Insurance Association) Closing remarks Dismissal 2

3 Thanks to our Sponsor! MATT ADAMS Ag Economic Update Matt Adams has been a land broker with Peoples Company since 2009 with a focus on land brokerage, land auctions, and acquiring land management and appraisal accounts. Matt attended the University of Northern Iowa where he obtained majors in Finance and Real Estate. Matt is well versed in handling transactions including all types of land, whether it is farmland, transitional farmland, recreational property, or acreages. Matt is currently licensed to sell real estate in the state of Iowa and primarily focuses on the areas of central and southwest Iowa. BRAD HAYES Ag Economic Update Brad Hayes has been an Associate General Appraiser & Real Estate Sales with Peoples Company since May 2014, with a focus on various property appraisals including: agricultural land, industrial/manufacturing buildings, student housing, etc. Brad attended the University of Northern Iowa where he obtained majors in Finance and Real Estate. He is currently a member of the American Society of Farm Managers & Rural Appraisers, Young Professionals in Agriculture, Iowa Cattlemen s Association, Iowa Farm Bureau, and a practicing affiliate of the Appraisal Institute. TRAVIS SMOCK Ag Economic Update Travis Smock, who started as a Sales Associate in the fall of 2013, has expanded the company s land brokerage, land auction, and farm management services to northeast Iowa with the opening of a remote office in Independence. He attended the University of Northern Iowa where he obtained a Bachelor of Arts degree in the Business Administration Program. Travis is a member of Iowa Association of REAL- TORS, National Association of REALTORS, DMAAR - Des Moines Area Association of REALTORS, and RLI - REALTORS Land Institute - National & Iowa Chapters. 3

4 AGRICULTURE: TODAY, TOMORROW, AND BEYOND Robert Hodges Farm Estate Planning: The Good, the Bad, and the REALLY Ugly Robert D. Hodges graduated from Central College in 2003, receiving his B.A. in Business Management. Robert received his J.D. in 2007, with high honors, from Drake University Law School and was elected to the Order of the Coif. After receiving his J.D., he accepted a commission in the United States Army. While serving as a Judge Advocate at the Corps and Brigade level, Robert deployed in support of Operation Iraqi Freedom, Operation Enduring Freedom, and Operation Unified Response. He continued his education at Georgetown University Law Center and received his LLM in taxation, with distinction, in Robert was also awarded a Certificate in Estate Planning from the Georgetown University Law Center and was admitted to the Iowa bar in Robert is now an attorney with the Brown Winnick firm in Des Moines, Iowa where he practices primarily in the areas of estate planning, taxation, and business law. Julie Versluis Estate & Farm Succession Planning Julie Versluis graduated from Kirkwood Community College with an Associates of Arts degree in Legal Assistant / Paralegal Studies. She holds the following credentials: Trust and Financial Advisor, Institute of Certified Bankers, Cannon Financial Institute Trust School Graduate, and School of Trust & Financial Services Graduate. She is a past President and Board Member of the Iowa Trust Association, member of the Iowa Association of Legal Assistants, and a Mokan Trust Conference Planning Committee Member. With 18 years of trust experience, she has been with Lincoln Savings Bank for 11 years providing expertise within a variety of areas including Estate & Trust Administration, Portfolio Management, and Financial & Estate Planning. 4

5 Alan Karkosh Iowa Farmers Global Farming Impact & International Partnerships Alan Karkosh graduated from Iowa State University in 1984 with a degree in Farm Operation. He then worked for Asgrow Seed Company in soybean research at Redwood Falls, MN, and later soybean and corn research in Kalamazoo, MI. Alan s research later lead to a sales role in the western cornbelt of Iowa, where he called on farm managers and crop consultants. But after a year, he decided to return home to Hudson, IA where he could help run the family farm. Alan has served as Chairman of Iowa Soybean Promotion Board and been on the Production Committee for two years. These roles have given him the opportunity to travel on trade missions and attend conferences around the world including Toyko, Vietnam, Thailand, Puerto Rico and Brazil. He now serves as the Vice Chairman of the board for Black Hawk Mutual Insurance. Chris Frishmeyer Changes in Lending Chris Frishmeyer graduated from Iowa State with a Bachelors of Arts degree in Ag Business. He went on to graduate from the Iowa School of Banking and the Ag Credit School in Ames, IA. Chris is the President and founding board member of Little Rebels Learning Center Preschool and Daycare. He has been with Lincoln Savings Bank for 28 years where he has been a Loan Officer, Assistant Vice President, Vice President, and now, a Sr. Vice President holding a 45 million loan portfolio. 5

6 Wealth Management Our Wealth Management Professionals will present on the proper titling of assets in relation to a typical farm client, utilizing life insurance and a credit shelter trust model showcasing our WealthVision software. Mark McCombs Mark McCombs, received his Master of Science from the Financial Services Institute of Business & Finance in La Jolla, CA. He is a Certified Financial PlannerTM (CFP ) Professional, Life Underwriter Training Council Fellow (LUTCF), licensed Series 7 General Securities Representative, licensed Series 62 Corporate Securities Limited Representative, licensed Series 63 Uniform Securities Agent State Law, Life and Health Insurance licensed and has registrations held through LPL Financial. Mark is available to assist individuals in the following areas: Succession Planning, Group Employee Benefits, and Retirement Plans. Scott Wirtz Scott Wirtz, CFP, CLTC, CERTIFIED FINANCIAL PLANNER PROFESSIONAL, and LPL Personal Financial Advisor, has been in the industry for over 16 years. He is a Series 6 Investment Company Products/Variable Contracts Representative, licensed Series 7 General Securities Representative, Series 66 Uniform Combined State Law, and Series 63 Uniform Securities Agent State Law, along with Life and Health Insurance licensed and has Registrations held through LPL Financial. Scott is available to assist in a multitude of products and services, along with areas including: Pre-Retirement and Retirement Solutions, Pre-Retirement and Retirement Solutions Business Planning, Business Planning, Asset Management Strategies, and Legacy Considerations. Nick Blasberg Nick Blasberg attended Wartburg College in Waverly where he earned his Bachelor s Degree in Political Science. Nick was the director of an assisted living facility for six years, where he helped families navigate new, unfamiliar situations both financially and emotionally. Nick is licensed for Life, Health, Long-Term Care insurance, Series 7 and 66 designation licensed, and has been serving as a financial service professional for five years. Nick believes that his experience in the long term care and financial industry are an asset when solving the complex issues facing the families and businesses he serves. Nick is currently in the Lincoln Savings Bank Wealth Management and Trust Services Team as a Financial Representative Vice President through LPL Financial. Andy Pollock Andy Pollock has been advising clients in investments and insurance in central Iowa for the last 12 years. Growing up in Aplington, Andy is a lifelong customer of Lincoln Savings Bank. Andy Pollock is currently in the Lincoln Savings Bank Wealth Management and Trust Services Team as a Financial Representative Vice President through LPL Financial. 6

7 Banking Basics 101 Great rate + Great term = Get it NOW! For a limited time only, Lincoln Savings Bank is offering this great CD special % APY* 1.70 % Rate 29 Months Lincoln Savings Bank *APY = Annual Percentage Yield. $2,500 minimum balance required to obtain APY. Public funds are not eligible for this offer. Interest will be compounded and credited to your account quarterly and at maturity. Early withdrawal penalties will apply.this special will automatically renew for a term of 24 months. APY is accurate as of 2/22/16 and may be modified or cancelled at any time without notice. MEMBER FDIC 7

8 Lincoln Savings Bank Bank MEMBER FDIC 8