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Emotions can hinder any
business decisions in both the prosperous and challenging times. While those
hasty decisions may not break an operation in the good times, farmers must
interject logic through proactive planning and objective assessment to ensure their
business remains sustainable and profitable as the economic reset continues.
2016 proved to be a year of unmistakable change for members of the farming industry as the ag economy downturn took root. Yet, your financial cooperative remains strong and prepared for what’s next. Our strategic focus remained centered on credit quality, stable earnings, and growth.
FCI is committed to our
members through changing economic conditions. As profit margins become tighter,
important discussions with individual operations are taking place. Oftentimes
these difficult - but crucial - conversations allow members to make adjustments
to manage their business and improve their viability.
A lot of personal
information is stored on mobile devices. If an unsecured cell phone, laptop, or
tablet is stolen or misplaced, hackers can easily steal your identity or use
your information to perform illegal activities. Following simple T.I.P. procedures
when using a mobile device makes it more difficult for your information to be
discovered and better protects you from the expensive and challenging process
of recovering from identity theft.
Farm Credit Illinois
recently released the results of the 2016 annual benchmark farmland value
study. Overall, the study revealed an average 6.34 percent decline in land
values throughout the cooperative’s 60-county territory in central and southern
As central banks around the world attempt to jump-start their economies with monetary policy, the amount of sovereign debt increases. Will these unprecedented strategies increase inflation and generate economic growth, or be unsustainable in the long-run?
Farm Credit Illinois is partnering with Urbana’s Market at
the Square to reinstate a program to double the LINK card purchases. This
program will not only help local farmers selling their local foods, but will
provide farm-fresh foods to those in our community.
The recent vote to increase
interest rates was met with stride by the market, but what does this decision
say about the state of the U.S. economy and federal debt levels? How much more
are rates currently expected to climb in the next few years?
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©2017 Farm Credit Illinois, ACA
Equal Opportunity Employer and Equal Credit Opportunity Lender