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Farm Credit Illinois Invests In New Technology

FCI is investing in a cutting-edge technology platform and joining four Farm Credit System peers as a part-owner of Farm Credit Financial Partners, Inc. The platform features the latest technology and functionality advancements and is building a state-of-the art online banking portal. Look for more details next summer on how this new technology upgrade will affect you leading up to the August transition.​

Five ways to find your balance through debt restructuring

Losing financial balance can be detrimental to a farm business. As some farm families consider restructuring debt to increase liquidity, they must first recognize the issues that got them off-center and create an action plan to find the right balance.​

Cash Is King

With the farm economic reset going into its fifth year, cash and working capital are increasingly difficult to maintain, but efforts to preserve them are critical. Maintaining cash and operational working capital impacts the bottom line and strategic flexibility while providing both short and long-term advantages. ​

Questions To Ask Before Purchasing More Farmland

During harvest, many farmers begin to think about expanding their farming business.  But before you purchase additional farmland, consider these four basic questions.

Spouse's Role in Retirement Planning

While the concept of retiring may seem foreign to many farmers, it is important to consider your options and start planning as early as possible with your business and life partner. As your most important ally in life, reach out to your spouse or partner to tackle the plan for a long, abundant life together.​

Taxes in Transition Planning

Farm transition planning is complex and the rules lengthy when it comes to the IRS tax code. Following Farm Credit College educational workshops earlier this year, Dr. Ferrell answers FCI member questions on taxes.​