Bank news
Farmland values in the Seventh Federal Reserve District are slowing down from double-digit increases of the last couple years to single-digit annual percentage increases.
Purdue University’s Agricultural Alumni Association presented six agricultural leaders with its Certificate of Distinction at the association’s annual Fish Fry.
On the first business day of the new year, Missouri Treasurer Vivek Malek began accepting applications for about $120 million of state-subsidized, low-interest loans to small businesses, farmers and affordable housing developers.
Federal crop insurance isn’t just a safety net for farmers. It also serves as a backstop for rural communities and rural residents.
The 24th annual First State Bank Ag Conference, a special forum for area farmers, is scheduled for 10 a.m. Jan. 25 at the Mendota Civic Center.
Tim McConville, president and CEO of First State Bank, is transitioning to president and CEO of Tri-County Financial Group, the holding company of the bank.
Although indicators pointed to a recession in 2023, the U.S. economy has grown during this year.
Agricultural conditions improved or deteriorated slightly since the previous Beige Book report in October, depending on the Federal Reserve district.
As contraction of the U.S. cattle herd continues, farmers nearing retirement age are faced with deciding whether to expand again, invest more into infrastructure and whether someone is in line for succession.
The unknowns facing the agriculture sector are much greater today than in the past few years and possibly decade.
A year-over-year gain of 5% in agricultural land values, the smallest gain in three years, was reported in the third quarter of 2023, according to a survey.
The Federal Reserve left U.S. interest rates unchanged this month, waiting to see if the rapid rate hikes since March 2022 will finally push inflation down to their target of 2%.
An important gauge of inflation was released this week, the Consumer Price Index. It showed August inflation above expectations at 3.7% and a new three-month high.
Compeer Financial’s Fund for Rural America, the Farm Credit cooperative’s giving program, awarded a total of $212,000 through the Agriculture Education and Classroom Equipment Grant program this year.
I imagine some of you have started harvest by now. Not me, though, but that’s normal. Our double-crop beans are getting really thirsty since we’ve only had a third of an inch of rain in over six weeks.