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FARMER MAC LENDERS ILLINOIS PROFESSIONAL

Respondents expressed the most concern for the grain, dairy and cattle sectors. About half of the lenders surveyed did not expect borrower profitability to improve in 2021 at the time of this survey. On average, lenders reported that just under 51% of their agricultural borrowers were profitable in 2020, down from 57% last year. The agricultural economy and farm income remained stressed in 2020. “With a deep understanding of both the ag sector and its cycles, lenders remain prepared to continue providing support to the farm economy through these challenging times.” “Facing a global pandemic and an unprecedented economic downturn, agricultural lenders’ concerns for both their institutions and ag borrowers remain focused on business fundamentals,” said Tyler Mondres, director of research at ABA.

Uncertainty regarding tariffs and trade, the weather, and the impacts of COVID-19 and the resulting economic downturn are close behind. When it comes to their customers, lenders continue to be most concerned about liquidity, income and leverage. Telephone Consumer Protection Act Working GroupĪs the farm economy continues to work through a prolonged downturn in the midst of an unparalleled, global economic dislocation, ag lenders remain focused on credit quality, according to the Fall 2020 Agricultural Lender Survey report produced jointly by the American Bankers Association and the Federal Agricultural Mortgage Corporation, more commonly known as Farmer Mac.Risk Metrics/Key Risk Indicator Working Group.Operational Risk Data Sharing Consortium.National Best Practices Discussion Group.Mortgage Markets & Lending Technology Committee.Moderate or Limited Trading Assets Working Group.Cyber and Information Security Working Group.Community Engagement and Reinvestment Committee.Commercial Real Estate Lending Committee.Check Fraud and ACH Loss Reporting Group.Americans with Disabilities Act Peer Group.Agricultural and Rural Bankers Committee.Environmental Social and Governance Working Group.

Diversity, Equity, and Inclusion Open Forum.

Diversity, Equity, and Inclusion Advisory Group.

We desire to meet the growing land appraisal needs long into the future. We recognize the great need for qualified land appraisers in this region of Illinois, and are therefore training up the next generation of land appraisers. Working alongside Allan is our Appraiser Trainee, Cynthia Staake. During that time, he has developed an expertise in appraising agricultural land across Central and West Central Illinois including: traditional farmland (improved and unimproved), pasture, timber, recreational and hunting land. Our State Certified General Appraiser, Allan Worrell, has lived and breathed agribusiness since 1977. Call us at (217) 245-1618 and we’ll go from there! We’re happy to provide a list of satisfied clients, including estate attorneys and ag lenders who often seek our appraisal services. We’d be glad to analyze the value of your land, so you can make informed decisions.

FARMER MAC LENDERS ILLINOIS PROFESSIONAL

Compliance with USPAP (Uniform Standards of Professional Appraisal Practice) and UAAR (Uniform Agricultural Appraisal Report) requirements.

Extensive comparable land sales database that helps remove a lot of the guesswork from land valuation.

Decades of working within and studying the land market, as well as substantial experience with land values and trends.

Our specialty is Illinois land and we are equipped with the skills and tools to give you a well-informed, thoroughly-researched and comprehensively-prepared appraised land value: Perhaps your property has multiple owners and you want to identify a way to divide it fairly. Maybe you’re seeking the fair market value of your land as you consider a potential sale, or you’ve inherited land and are determining whether to keep or sell it. Land appraisals are great tools when deciding the next steps for your land. But knowing the value of your land is often the most important factor in making informed decisions about the future.

It can be nearly impossible to be objective in determining what your own land is worth. Land Appraisals help you plan for the future.