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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.
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.
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."
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.
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.
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.
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