USERNAME:
PASSWORD:

Posts Tagged ‘illinois’

Crumbling Infrastructure Hurts Farm Economy

Thursday, August 25th, 2011

According to studies by both the Illinois Soybean Association and the National Bridge Index, Illinois roads and highways are facing record levels of disrepair. Roads, particularly rural roads, are the backbone of the agricultural sector. The ability to quickly and efficiently transport goods and products to and from markets often makes the difference between profitability and bankruptcy.

In Illinois in particular, rural roads are the keys to a successful agricultural industry. Over 70 percent of the state’s roads are rural. However, recent studies have demonstrated that this rural road network is badly obsolete and can no longer service the agricultural sector. These crumbling roads can halt farm traffic and add significant costs to farmers trying to ship their products.

Approximately fifteen percent of Illinois bridges are obsolete or in need of repair. 3,000 of Illinois’s 26,000 bridges are structurally deficient, meaning that they often cannot bear the weight of farm trucks and vehicles. The end result of these deficient roads is that farmers are forced to use elevators and take roundabout roads rather than more direct bridge crossings.

Nor is this transportation problem unique to Illinois. Across the country, infrastructure is obsolete and falling into disrepair, costing farmers significant amounts of money. In addition, damage to the agricultural sector can quickly reverberate on the larger job market, given the deep connections between a healthy farm sector and adequate local employment.

While American roads crumble, Congress is currently debating slashing $2 trillion from the federal budget, much of it potentially coming from the agricultural sector. As budget cuts combine with high fuel costs and a collapsing national infrastructure, farmers across the country can expect hard times ahead.

To learn more about agricultural financing opportunities contact a Farm Plus Financial representative by calling 866-929-5585 or by visiting www.farmplusfinancial.com.   

Follow us on:  Twitter 

Written by: Justin Ellison / Farm Plus Staff Writer

Knox County Accepting Applications

Thursday, February 25th, 2010

Illinois residents in Knox County may be eligible for low-rate loans from the USDA to purchase homes or land in rural areas.

The entire county, aside from Galesburg, is eligible for rates that start as low as 4.875%. As part of the USDA rural development direct loan program, loans are available for those who cannot obtain loans from other creditors. These applicants must have good credit and can make mortgage payments.

Mortgage payments are set based on household income and varies from county to county.

For more information visit the Knox County Farm Service Agency.

Farm loan rates starting at 2.99%. Lock in before farm loan rates rise. Contact Farm Plus by clicking here or calling toll free 866-929-5585.

Numbers are Low

Tuesday, December 8th, 2009

Illinois farmers aren’t having much luck with the weather during this harvest.

Corn and soybean growers are in their second week of rain, having 4 1/2 times as much rain as normal. This season has seen 2.57 inches of rain compared to a normal 0.57 inches. Not only does this mean the corn cannot dry to be harvested, but the ground is also too muddy for farmers to work on.

The USDA has reported that Illinois harvest are at six percent, this is far behind the 56 percent average for this time of year. Soybeans are at 10 percent, but should be at 64 percent.

Are you in the market for a farm loan? Contact Farm Plus today for information on our low-rate loans starting at 2.99%! Call us toll free at 866-929-5585 or visit our website for more information.

Assistance for Illinois Farmers

Friday, October 30th, 2009

Federal funding is available to Illinois farmers who lost crops in last year’s abnormally wet planting season.

Governor Pat Quinn announced that federal disaster assistance money is available in 88 counties for farmers who saw significant damage to crops.

The USDA approved 58 counties as natural disaster areas and 30 counties as contiguous counties for low-interest loans. Every county in the southern half of Illinois qualifies.

A press release released by Quinn said, “The loans that this declaration triggers will help those farmers who weren’t able to plant a crop. They can be used not only to pay production costs, but also to refinance existing debt and cover essential family living expenses.”

From April through July there was a total of 20.94 inches of rain, 4.74 inches above average.
Those farmers who qualify should contact their local Farm Service Agency for more information.

In the market for a low-rate farm loan? Contact Farm Plus today for information on farm loans starting as low as 2.99%! We even work alongside government agencies to help you get the loans you need. Contact us here or toll free at 866-929-5585 for more information on farm and ranch loans.

© Copyright 2009 - FarmPlus Financial All Rights Reserved. Home  |  Privacy Policy  |  Legal Policy  |  Sitemap  |   Contact  |  Employment  |  Blog