[Congressional Record (Bound Edition), Volume 160 (2014), Part 3]
[Extensions of Remarks]
[Page 4195]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      HONORING DR. NORMAN DALSTED

                                 ______
                                 

                           HON. CORY GARDNER

                              of colorado

                    in the house of representatives

                        Tuesday, March 11, 2014

  Mr. GARDNER. Mr. Speaker, I rise today to honor Dr. Norman Dalsted, 
who was recently inducted into the Colorado Agriculture Hall of Fame.
  Dr. Dalsted was born and raised in North Dakota, and was active in 
FFA. He attended North Dakota State University. Upon graduation, he was 
commissioned as a Second Lieutenant in the U.S. Army and served in the 
Panama Canal Zone and Vietnam. Dr. Dalstead's military career has 
always been a large part of his life, and he has shared his experiences 
with his students every year. His glimpses into the past have made 
tremendous impacts on his students. He received his Ph.D. from Colorado 
State University, and was immediately hired as an extension farm 
management specialist. He was promoted to Professor in 1992.
  Dr. Dalsted is known throughout Colorado for his enterprise budgets 
for agriculture commodities grown in Colorado. These budgets have been 
updated regularly and are still in use some thirty years after first 
being published. During the tumultuous years of the early 1980s, Dr. 
Dalsted organized a series of training programs for agriculture lenders 
across the state. The programs provided basic training in financial 
statements, ratio analysis, enterprise budget and whole farm analysis, 
and business organizational form. Lenders used this knowledge and 
educated others by holding private seminars for local agriculture 
producers.
  In the late 1980s, Dr. Dalsted spent a significant portion of his 
time researching new Chapter 12 Bankruptcy protection options for 
farming operations. He wrote several scholarly papers on the subject. 
He used his expertise to help local producers reorganize their 
struggling operations. He eventually found himself involved in many 
Chapter 12 cases across the state and continues to be an expert in 
cases today.
  Dr. Dalsted was also part of the Integrated Ranch Management program 
at Colorado State University. He helped develop several classes that 
covered basic economic concepts and tolls in the context of ranch 
management. From this, several software programs were developed that 
could be used by producers to assist in making management decisions. 
Dr. Dalsted's research at CSU has resulted in an impressive list of 
publications in journals, articles, chapters in books, proceedings, 
software programs and university publications. He has also been 
recognized by students as an outstanding teacher and educator. Dr. 
Dalsted has had a long and distinguished career at Colorado State 
University and in Colorado agriculture and it is my honor to recognize 
him today.

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