Special Report

Farm Credit Illinois CEO: This is a cycle; it will improve

Tom Tracy says members of the Farm Credit Illinois cooperative have been very good at controlling costs in the current commodity price downturn.  “Certainly there is stress,” the Farm Credit Illinois CEO concedes, adding that working capital has been impacted, which has made it difficult to maintain margins.

“At Farm Credit Illinois, we’re very interested in helping every single farm family, every single agribusiness we can succeed, find a way to get through this part of the cycle,” Tracy told Brownfield Ag News at the Farm Progress Show.  “It is a cycle; that’s one thing to remember,” he said.  “This too will change, it will improve.”

AUDIO: Tom Tracy (5 min. MP3)