After another successful annual meeting, we are back to our respective areas of the state, working on our farms, or in the office preparing for another promising year in farming. I am Mike Carey, the proud representative from District 5 that contains; Grundy, Will, DuPage, Kendall, and Cook counties. I am now also the State Young Leader Committee Governmental Affairs Sub-Committee Chair. I am excited for what this new year will bring with the great leaders we have at the helm. Congratulations and thank you again to our past Chair, Sean Arians, for showing us the way and the leadership he provided throughout the year, and our retiring members of the State Committee for your time and efforts.
While we were at the annual meeting, the family completed fertilizer application, fall tillage, and anhydrous application. Now it’s time to clean up and gear up for hauling grain. Don’t know about everyone else, but we have a bunch to haul before February 1st. After a 3rd consecutive wet spring, we have continued tinkering with our nitrogen application, and decided a healthy mix of various application techniques is what we would use. From what I hear, we aren’t the only ones deviating from our normal path. Good thing we bought our own floater with wet and dry boxes a couple of years ago, it’s really being put to good use, and allows us flexibility.
I have a unique opportunity from which to view the agricultural industry. I work as a Vice President of Ag Lending at the largest ag lending bank in our state. I also farm corn and soybeans with my father and uncle. So, not only do I get to see how the farmers in our area are faring financially but also get to use my first hand knowledge and apply it to our operation and my customers operations. From what I can see so far, 2011 crop year has been just as successful as 2010, but now I worry about 2012 and beyond. How many of you failed to take advantage, like I did, to price enough of next years corn? I hope history is wrong, and we can live under these profitable conditions forever. Unfortunately, I am confident this won’t be the case. Therefore, I urge the producers in the state to take advantage of profitable opportunities, continue to build your working capital position, steer clear of investing too much into metal, remain aware of your debt to asset ratio, and understand, at some point, we will all have to pay some income tax, so prepare yourself. The increasing value of farmland makes me uneasy; imagine what your financial statement will look like if the farmland is half the value, if the price of used machinery decreases dramatically, if input costs and cash rents take 3 or 4 years to catch up with declining commodity prices, and we lose governmental support?
It’s scary.
Enough of what could be and please take the time to enjoy the successes of today.
This statement I just made about governmental support leads me to think about how important it is as an organization to keep our legislators involved, informed, and in tune with Illinois agriculture. Illinois Farm Bureau has a very strong presence in American agriculture, and we must use that presence to make sure we are heard. With a membership as large as ours, we need to have dramatically more involvement in FBAct. I encourage all Young Leaders across the state to react when you get an Action Request, only 8 of us responded to all Action Requests in 2011. Since we are the future, that is alarmingly low number. In order to protect our future, we must be heard locally and nationally, and with IFB’s presence, we can MAKE A DIFFERENCE! Please react to FBAct.
Throughout the year, as state committee members, we work to make our young leader programs special for those who participate. With that being said, Achievement and Excellence award applications are due on January 17, 2012. Regardless of age and experience, I urge those with even a remote interest to go through the process. You will not only learn a great deal about yourself, but also what Farm Bureau can do for you. Being a person who won the Excellence Award a couple of years ago, I can attest to the opportunity it provided to me through Farm Bureau. Lastly, I want to congratulate the Liefer’s for winning the Achievement Award, Alan Chesnut for winning the Excellence Award, Katie Pratt for winning Discussion Meet, and all other state contest winners. Thank you for participating and Good luck in Hawaii!
Once again, it has been a pleasure to represent on the State Young Leader Committee.
Got your Christmas shopping done yet? I have to quit typing and make some online purchases. I hope that everyone has a safe, enjoyable, and wonderful holiday season.
God Bless,
Mike Carey