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An online comment made
after a presentation on the economic reset and need for solid
2016 financial management caught my attention: "These guys are
getting paid to make it sound like rocket science!" While this comment was made in jest, I believe this period of
economic reset requires good, old-fashioned basics of financial management -
nothing as complicated as rocket science.
FCI is committed to our
members through changing economic conditions. As profit margins become tighter,
important discussions with individual operations are taking place. Oftentimes
these difficult - but crucial - conversations allow members to make adjustments
to manage their business and improve their viability.
As farmers begin to
tighten their belt and prepare for the new reality in agriculture, they are
monitoring debt by looking for ways to lower their cost of financing.
Have you ever considered serving on Farm Credit's Nominating Committee or Board of Directors? If so, the 2016 nominating committee wants to know. Fill out a candidate interest form to submit your name and information by July 22. Following the deadline, the committee will review potential candidates to present at the Association's 2016 annual meeting.
Farm Credit Illinois
recently released the results of the 2016 annual benchmark farmland value
study. Overall, the study revealed an average 6.34 percent decline in land
values throughout the cooperative’s 60-county territory in central and southern
As central banks around the world attempt to jump-start their economies with monetary policy, the amount of sovereign debt increases. Will these unprecedented strategies increase inflation and generate economic growth, or be unsustainable in the long-run?
Farm Credit Illinois is partnering with Urbana’s Market at
the Square to reinstate a program to double the LINK card purchases. This
program will not only help local farmers selling their local foods, but will
provide farm-fresh foods to those in our community.
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©2017 Farm Credit Illinois, ACA
Equal Opportunity Employer and Equal Credit Opportunity Lender