The new generation of agriculture producers is like a tidal wave, adding new energy and a different realm of thinking to the dynamic agriculture industry. The millennial generation, those 18 to 34 years of age, is eager to take the reins, seeking their legacy in the agriculture industry as producers, agribusiness persons, lenders, and other stakeholders. This winter on the speaking circuit I have solicited advice from both young and old for the up-and-comers. Let’s explore some of their nuggets of advice. [Read more…]
Archives for March 2015
The Federal Reserve Bank (The Fed) has terminated its quantitative easing programs where it was buying U.S. Treasury bills and notes along with mortgage backed securities in an attempt to drive down interest rates and stimulate the economy. The Fed began taking extraordinary monetary policy actions beginning in 2008 with the Fed Funds Overnight Lending Rate (Fed Funds Rate) dropping to near zero with numerous subsequent programs implemented to stabilize the banking system, all in an attempt to get the economy growing again. The success of these programs and their cost will be debated for years and decades to come. However, The Fed has terminated all of the extraordinary programs (except for the near zero Fed Funds Rate) with the third version of quantitative easing which ended in October 2014. [Read more…]
After much discussion about what type of organization we want to be and how to best serve our member-owners, we determined the core purpose of Farm Credit Illinois — the “why we do what we do” — is Helping Farm Families Succeed.
This core purpose is close to the hearts of our team members. At FCI, our employees have a passion for agriculture and most have strong ties to the farm. Helping Farm Families Succeed means a lot to us.
Our core values expand on our core purpose. These are the five ideals we commit to and expect of one another: [Read more…]
As agricultural producers start to think about planning for the eventual transition of their operation to the next generation, there are five essential steps that will facilitate a smooth transition and help ensure the financial stability of all involved. [Read more…]
Illinois Farm Bureau’s March 2, 2015 edition of FarmWeek published information recently reported by the National Agricultural Statistic Service on the 2014 corn and soybean yield and production for all Illinois counties. The statewide information has been broken down for the 60 counties of the Farm Credit Illinois territory