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As the FOMC once again votes
to increase the federal funds rate, they also announced a plan to begin
reducing the Fed balance sheet. While no start date has been identified, once
the tapering begins, how will these actions affect your own rate terms?
Below average precipitation
in June, combined with delays in planting and replant due to flooding has
resulted in an uneven crop across Illinois. As one of the most important
growing months in the Corn Belt, Eric Snodgrass examines the weather pattern
for July and how it relates to your crops.
FCI is investing in a cutting-edge technology platform and joining four Farm Credit System peers as a part-owner of Farm Credit Financial Partners, Inc. The platform features the latest technology and functionality advancements and is building a state-of-the art online banking portal. Look for more details next summer on how this new technology upgrade will affect you leading up to the August transition.
Losing financial balance can
be detrimental to a farm business. As some farm families consider restructuring
debt to increase liquidity, they must first recognize the issues that got them
off-center and create an action plan to find the right balance.
Farm transition planning is
crucial to all family farming businesses and getting started can be the hardest
part. Following January Farm Credit College educational workshops, Dr. Ferrell
answers FCI member questions on having "the talk."
With the farm economic reset
going into its fifth year, cash and working capital are increasingly difficult
to maintain, but efforts to preserve them are critical. Maintaining cash and
operational working capital impacts the bottom line and strategic flexibility
while providing both short and long-term
As the agriculture reset continues, successful business owners and managers are making decisions not just to survive, but to position their operation for opportunity. These critical strategies in crucial moments can be the difference makers for the future of these agribusinesses.
harvest, many farmers begin to think about expanding their farming
business. But before you purchase
additional farmland, consider these four basic questions.
While the concept of
retiring may seem foreign to many farmers, it is important to consider your options and start planning
as early as possible with your business and life partner. As your most
important ally in life, reach out to your spouse or partner to tackle the plan
for a long, abundant life together.
Farm transition planning is
complex and the rules lengthy when it comes to the IRS tax code. Following Farm
Credit College educational workshops earlier this year, Dr. Ferrell answers FCI
member questions on taxes.
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Equal Opportunity Employer and Equal Credit Opportunity Lender