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Illinois’ two Farm Credit associations are celebrating the 100th year of the Farm Credit System with a $100,000 commemorative contribution to the Illinois agriculture industry. 1st Farm Credit Services and Farm Credit Illinois will collectively distribute the special centennial contribution among ten different Illinois agriculture groups.
This famous line modified from the movie Apollo 13 is very appropriate given the current agricultural economic environment. Grain and row crop producers are experiencing the brunt of the blow while many of the livestock sectors have been experiencing relatively profitable economic conditions. Let’s explore the challenge parallel to Apollo 13. Every problem creates opportunity for innovation. If you recall, duct tape was used as a means of solving the issue on the spacecraft.
Net farm income is projected to fall over the next decade. Farm balance sheets, while strong today, are at risk of weakening. Is this the start of a "down cycle" in the crop production sector that could lead to a 1980s-type farm crisis? Not necessarily. Producers who see today's environment as an "agriculture efficiency cycle" -- and find ways to drive down cost per unit of production -- can position themselves for continued success.
The NOAA says the “forecaster consensus” is for a strong El Niño event that has a 90 percent chance of persisting through fall and an 85 percent chance of lasting through winter. What does this mean for major crops across America?
The 2015 Farm Credit Agriculture Scholars were named at a scholarship luncheon in Mahomet on May 28. Each scholar receives $1,500 from Farm Credit to use towards their agriculture-related college education.
A recent newsletter survey asked readers “As you prepare for the new year, what is one issue or challenge facing the agriculture industry or your own farm business that concerns you most?” More than 200 responses were received and were classified into categories.
4-H clubs and FFA chapters throughout central and southern Illinois will implement valuable improvement projects in their community thanks to grants provided by Farm Credit Illinois. FCI awarded 51 4-H clubs and FFA chapters with $250 grants to establish projects that will make their communities better places to live.
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