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Emotions can hinder any
business decisions in both the prosperous and challenging times. While those
hasty decisions may not break an operation in the good times, farmers must
interject logic through proactive planning and objective assessment to ensure their
business remains sustainable and profitable as the economic reset continues.
2016 proved to be a year of unmistakable change for members of the farming industry as the ag economy downturn took root. Yet, your financial cooperative remains strong and prepared for what’s next. Our strategic focus remained centered on credit quality, stable earnings, and growth.
If you have ever considered serving on Farm Credit's nominating committee or board of directors, the 2017 nominating committee wants to know. Fill out a candidate interest form to submit your name and information by July 15. Following the deadline, the committee will review potential candidates to present at the Association's 2017 annual meeting.
A lot of personal
information is stored on mobile devices. If an unsecured cell phone, laptop, or
tablet is stolen or misplaced, hackers can easily steal your identity or use
your information to perform illegal activities. Following simple T.I.P. procedures
when using a mobile device makes it more difficult for your information to be
discovered and better protects you from the expensive and challenging process
of recovering from identity theft.
Farmers with the staying power to endure twists
and turns possess common traits and practices through both the prosperous and
challenging cycles of the ag economy.
Is volatility in farming a
friend or a foe? And how is today different from the 80s? FCI’s Steve Witges offers his insight and
expertise on these questions in this issue of Staying Power.
The recent vote to increase
interest rates was met with stride by the market, but what does this decision
say about the state of the U.S. economy and federal debt levels? How much more
are rates currently expected to climb in the next few years?
Following the increase in
the Fed Funds Rate at the FOMC meeting in March, the committee predicts at
least two more .25% rate hikes before the end of the year. Higher interest
rates traditionally have several domino effects, many of which impact the agriculture
industry - from land to export to
The recipients of nearly $50,000 of scholarships to high school seniors throughout central and southern Illinois pursuing agriculture-related majors and future careers were announced last week by Farm Credit Illinois. FCI awarded 24 high school seniors a $2,000 agriculture scholarship; two are designated as Urban Agriculture Scholars.
Embracing knowledge, capitalizing on
opportunities, and fine-tuning their businesses helps farmers find their
competitive edge in today’s ag economy.
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©2017 Farm Credit Illinois, ACA
Equal Opportunity Employer and Equal Credit Opportunity Lender