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. Farm Progress Show attendees can help “Designate the Dollars” by voting for one of the ten organizations in an electronic survey during the show on Sept. 1-3. [Read more…]
Archives for August 2015
A native of St. Louis, Lee graduated from Lindbergh High School. He received his bachelor’s degree in agribusiness management from the University of Missouri. Lee spent the last four years working for Rabo AgriFinance as a senior relationship analyst in St. Louis before coming to Farm Credit Illinois. Lee is the son of Brad and Carol Lee of Sunset Hills, Mo.
Through hard work and favorable economic conditions in recent years, crop farmers across America’s heartland have generally enjoyed a period of significant financial progress. However, in 2013, prices for key commodities such as corn and soybeans, as well as other key indicators, began to moderate. 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. [Read more…]