Farm Credit Illinois recently welcomed four new employees throughout its 60-county territory: Chris Detmer, of Breese, Tracy Hood, of Fisher, Gavin Peterson, of Clinton, and Reid Walder, of Savoy. [Read more…]
Archives for November 2016
The Federal Reserve Open Market Committee (FOMC) of the Federal Reserve (Fed) met July 26-27 and voted to leave the Fed Funds Rate at the current range of 0.25 – 0.50%. The committee decided to wait for additional information and data on the domestic and global economies before making a decision to raise interest rates. The formal statement issued at the conclusion of the meeting and subsequent minutes of the meeting clearly showed there are members of the committee ready to vote for an increase in the Fed Funds Rate. One member dissented saying she thought the FOMC should increase the rate by 0.25% at that time.
The next meeting of the FOMC is Sept. 20-21 although many members of the Fed will be meeting in Jackson Hole, Wyo. the week of August 25-27 at the annual symposium hosted by the Kansas City Federal Reserve Bank. While the gathering is not an official FOMC meeting, analysts will be watching and listening for any hints as they discuss issues important to national and global central bankers. [Read more…]
As harvest comes to a close, farmers and lenders alike turn their attention to 2017. Before making advanced plans for spring planting, the impact of 2016 financials on balance sheets must be evaluated. As farmers reflect on their crop year – whether they had above, below, or average yields – and determine their 2017 operating and capital needs, arranging an early meeting with a respected agricultural lender can pay huge dividends. [Read more…]