Hoosier Banker 43 cited increased profitability and improved decision-making as the top reasons for adopting these technologies. These benefits come at a cost, however. Farmers will need to know what benefits they expect to achieve by the adoption of these technologies. We know that larger farmers are adopting these at a much higher rate, in part due to the benefit of these data technologies being spread over more acres, Grow Your Ag Lending Options Competitive Rates | Portfolio Purchases Distressed Asset Options Real Estate Secured | Regional Expertise Jackie Mosier VP Relationship Manager jackie.mosier@conterraag.com (419) 584-8835 conterraag.com | (855) 381-3451 Financing American Agriculture increasing the overall financial benefit of adoption. Farmers must plan how to use these investments and determine what the breakeven is for the investment to pay off. The agricultural sector being ranked last in terms of digitization means there is a great deal of work to do to catch up to other sectors of the economy. As the digitization of the agricultural sector continues, farmers will be faced with new technologies. Our data shows that the large farmers are already leading the way in adoption of these technologies, suggesting that agriculture may not lag other industries for much longer. Farmers and bankers both need to be knowledgeable about the costs and benefits of these new opportunities in order to make informed decisions. HB ASSOCIATE MEMBERS CORNER Cassandra Steele has been promoted to insurance administrator at CashPro Inc., Evansville. She joined ProRevenue LLC, a subsidiary of Cash-Pro, in 2020. Steele is a graduate of Ivy Tech Community College. Cinnaire Corporation, Lansing, Michigan, has been awarded a $60 million New Markets Tax Credits allocation through the Community Development Financial Institutions Fund of the U.S. Department of the Treasury. Cinnaire plans to leverage the allocation to support education and job creation in disinvested communities across its nine-state footprint. The company is an eight-time NMTC recipient since 2009, with awards totaling more than $419 million, and it manages an additional $251 million in NMTC allocation for partner organizations. Over the history of the program, Cinnaire has used NMTC investments to finance 42 high-impact projects in disinvested communities, with a total development cost of $1.46 billion. HB Ross Teare has joined the Indiana Bankers Association as vice president-government relations. He is working with Dax Denton, senior vice presidentgovernment relations, to analyze issues, review legislation, build relationships with policymakers and enhance IBA’s grassroots advocacy. Teare has a background in government affairs, finance and data analytics, most recently serving with the Indiana Department of Revenue as legislative Teare Joins IBA GR Team director for three years. At the DOR, he developed legislative goals and policy, testified to the Indiana legislature and teamed with stakeholders for legislative support, among other responsibilities. Prior work experience includes service as political affairs coordinator with the Indiana Chamber of Commerce, 2015-2018; as legislative assistant with the Indiana House of Representatives, 2012-2015; and as field manager with the Indiana House Republican Campaign Committee, 2014. Teare is a graduate of Butler University, where he additionally earned a certificate in data analytics. HB
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