Pub. 8 2013-2013 Issue 5

www.nebankers.org 4 Extraordinary Service for Extraordinary Members. 7 President’s Message–Preparing for Your Future The progress your association has made in preparation for a new president and CEO has been phenomenal. By George Beattie, President & CEO, Nebraska Bankers Association 8 Washington Update–Advocacy for You and by You The Alliance between the ABA and state bankers associations depends on the leadership and commitment of bankers throughout the country. Take a look at the list of Nebraska bankers who are helping to set our priority policy positions at the national level. By Frank Keating, President & CEO, American Bankers Association 9 NBA Education Calendar 12 Counselor’s Corner–LLC Membership Interest as Collateral: What Is the Transferable Interest? Part 1 of 2 This two-part series will provide you with a basic understanding of what “transferable interest” a creditor obtains and what a creditor can do to protect its security interest in a debtor’s LLCmembership interest. By Allan Williams, Husch Blackwell LLP 16 Tech Talk–How to Construct a Balanced Business Continuity Plan As important as it is for your Business Continuity Plan to be thorough, it’s just as important for it to be user friendly. By Leticia Saiid, CoNetrix 18 Security Officer’s By-Word–Bank as Payee Exposes Bank to Loss Howdo your tellers handle checksmade payable to the bank as payee? Find out what your bank should do in order to avoid a large loss. By Charles M. Towle, Senior Vice President, Kansas Bankers Surety Co. 21 The New Social Media Guidelines–Why You Need Social Media Policies and Procedures No organization can afford to neglect social media when it comes to conducting business, especially in advertising and marketing efforts. By Sophie B. Hanson, the newsLINK Group, LLC 22 Legislative Profile–Speaker Greg Adams: From the Classroom to the Capitol For three decades, State Sen. Greg Adams taught York High School students the nuts and bolts of American government and economics. Today, he serves as speaker of the Nebraska Legislature. 24 Livestock Facilities: A Rural Development Opportunity Despite Nebraska’s extremely successful agricultural production strategy, a great deal of opportunity exists for additional growth in the ag sector. By Greg Ibach, Director, Nebraska Department of Agriculture 26 Bert Ely’s Farm Credit Watch–USDA Replies to North Dakota on Crop Insurance Rebates While USDA’s Risk Management Authority has investigated numerous rebating allegations involving the Farm Credit System, it typically receives little hard data to support such complaints. By Bert Ely, Alexandria, Va. 28 Corn Acreage Set to Lose Ground in 2014 Corn prices are now hovering near three-year lows, pushing the soybean/corn price ratio higher and suggesting a major shift in acreage to come. By Mike Borowski and Duane Divis, MetLife Agricultural Investments 8 12 JANUARY/FEBRUARY 2014 EDITORIAL: The Nebraska Banker seeks to reflect news and information relevant to Nebraska and other news and information of direct interest to members of the Nebraska Bankers Association. Statement of fact and opinion are made on the responsibility of the authors alone and do not represent the opinion or endorsement of the Nebraska Bankers Association. Articles may be reproduced with written permission only. ADVERTISEMENTS: The publication of advertisements does not necessarily represent endorsement of those products or services by the Nebraska Bankers Association. The editor reserves the right to refuse any advertisement. SUBSCRIPTION: Subscription to themagazine, which began bi-monthly publication inMay 2006, is included in membership fees to the Nebraska Bankers Association. 7