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Essentials08.14.20Essentials Issue 04, 2020This issue includes how COVID-19 is affecting the Federal Reserve's interest rate strategy, the release of the Annual Benchmark Study on land values, auction results, and article on storing data in the cloud.
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Field Goals08.07.20Field Goals Summer 2020
As you prepare for harvest, make note of these items on a pre-harvest policy inspection, and learn more about the fall policies that can offer you additional protection.
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News08.06.20Coronavirus Impacting Fed's Strategy
As the coronavirus pandemic impacts the U.S. economy, the Federal Reserve left rates unchanged at near zero. How has their strategy changed to stabilize the financial markets? And as many businesses and households take on additional debt as we await a vaccine, how will interest rates impact future growth?
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News08.06.20Farmland Value Benchmark Study Results
Throughout central and southern Illinois, farmland values were generally stable, increasing 2.07% overall from last year. While land values remain steady, this is the second consecutive year of a slight increase in values. When considering the 20 benchmarks individually, the year-over-year percentage changes ranged from –3.93 to +7.20%.
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News08.06.20Auction Results - Land Sales in Past Six Months
The listing includes results for 30 different farmland auctions reported since the last results were published in February 2020. These public auctions concluded with successful bids and represented 2,175 total acres in 11 different counties selling for a grand total of $16.32 million with an average price of $7,505 per acre. The highest price per acre was $14,00 for Class A land in Greene County; the lowest price per acre was $2,700 for Class C land in Cass County.
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News08.06.20Storing Data in the Cloud
By keeping documents and media in the cloud, you can enjoy anywhere-access and improve collaboration. When selecting which service is right for you, there are multiple features to consider for storing and syncing your data.
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News08.05.20Langen Joins Taylorville Farm Credit TeamGet to know Taylorville's newest assistant vice president of lending - Tim Langen of Litchfield.
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News07.27.20Grisham Joins Farm Credit TeamGet to know legal's newest team member - Lynn Grisham of Mahomet.
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News07.21.20Duby Joins Farm Credit Team
Get to know Watseka’s newest vice president of lending – Brandon Duby of Gilman.
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News07.08.20Adjust Financial Projections to Reflect Today's Realities
When creating year-end cash flow projections, no one could have predicted today’s realities. Proactively adjusting cash flow statements throughout the year can help farmers make informed decisions heading into harvest and year-end planning.
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News06.15.202020 Summer Interns Join Farm Credit Team
Get to know the four college students serving as the 2020 summer interns.
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