BLOOMINGTON, Ill. — The Illinois Soybean Association’s (ISA) agribusiness program, funded by the checkoff program, is launching new resources in the coming months including learning modules and farm family videos, all to help guide on-farm decision making.
The Agribusiness Management Program (AMP) is a program of ISA in conjunction with Illinois Farm Business Farm Management (FBFM) and University of Illinois farmdoc, that serves as a resource for busy farm families and agribusiness professionals. AMP is designed to provide farm families with go-to advice and guidance on many farm business topics from succession and transition planning to marketing to current tax laws to family dynamics and more. AMP provides information for the generation of young folks coming into the farm, the generation immersed in the farm’s daily activities, and the retiring generation, too.
AMP is soon to launch a series of educational videos and resources, covering topics such as Farm Financial Records, Entity Structure, Risk Management and Mitigation, Estate and Transition Planning, Benchmarking and Farm Financial Ratio Review, and more. To be the first to know when new modules launch, subscribe today.
To complement the educational videos, ISA has featured the families of Illinois farmers and their experiences through a video series intended to capture the perspectives of all generations in the family farm business today.
After graduating from Iowa State University, instead of taking on an opportunity to work for a major tractor company, Illinois native Chandler Bane chose to return home to farm. But there’s so much more to farming than just planting and harvesting, and Chandler’s parents, Sam and Pam, wanted to be sure he knew what he was getting into.
“Farming is a business with a lot of costs associated with it and a lot of risks that are thrown into the pool as well, in addition to a lot of management decisions” says Bane. “Having trusted advisers in your team is absolutely essential for success in our opinion. Having someone else on your side that sees other operations and sees other people maybe making better or worse decisions is the best advocate for yourself that you can have.”
To view the video series and hear from farmers on succession planning, business structure, and more, click here.
Through AMP, ISA hopes farmers find peace of mind in their decision making, endurance in running their operations, excellence in the caliber of available resources and most importantly, legacy, and the ability to see their farming operations through to the next generation. More information on AMP is available on ILSoyAdvisor.com/amp.
The Illinois Soybean Association (ISA) checkoff and membership programs represent more than 43,000 soybean farmers in Illinois. The checkoff funds market development and utilization efforts while the membership program supports the government relations interests of Illinois soybean farmers at the local, state, and national level, through the Illinois Soybean Growers (ISG). ISA upholds the interests of Illinois soybean producers through promotion, advocacy, and education with the vision of becoming a market leader in sustainable soybean production and profitability. For more information, visit the websites www.ilsoy.org and www.ilsoygrowers.com.
— Illinois Soybean Association