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FCI is providing their cooperative members two months of 0%
interest on qualifying operating lines-of-credit with balances up to $500,000.
harvest, many farmers begin to think about expanding their farming
business. But before you purchase
additional farmland, consider these four basic questions.
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.
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.
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.
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.
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©2017 Farm Credit Illinois, ACA
Equal Opportunity Employer and Equal Credit Opportunity Lender