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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.
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
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.
If you’re a high school senior pursuing an ag-related college degree and
career, apply for a scholarship today. Deadline is February 28, 2018.
Groups organizing projects to make a positive impact in their community
can apply for a $400 community improvement grant from FCI. Deadline is February
Farm Credit Illinois is maintaining a list of upcoming farmland auctions in the Association's 60-county marketplace. If you have an auction to include, please submit a form at www.farmcreditIL.com/auctioninfo or send a web link of the auction sale bill to info@farmcreditIL.com.
Do you produce retail agriculture products that
are sold locally? Help FCI celebrate farm fresh retail products grown and sold
by members. If your operation includes a retail ag business, sign up to be
featured in the Farm Fresh Members Market.
The loan calculator is a handy tool to compute a loan's
payment amount at various payment intervals based on the principal amount
borrowed, the length of the loan and the annual interest rate. It will also create an amortization schedule report for you.
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Equal Opportunity Employer and Equal Credit Opportunity Lender