For many families in Illinois, the farm is more than just land, it’s a livelihood, a legacy, and a way of life. When financial struggles hit, one of the biggest fears farmers face is losing the family farm to foreclosure. Can the bank really take my family farm? What Illinois farmers need to know is that the answer depends on …
Access to financing is essential for today’s farmers, whether it’s to buy seed, livestock, new machinery, or even farmland itself. But before committing to a loan, it’s important to understand the risks and obligations involved. Below, we share what every farmer needs to know about farm agreements in Illinois. Farm credit contracts can affect not only your financial stability but …
Divorce is never easy, but when a family farm is involved, the legal and financial stakes can become even more complicated. Many farmers facing separation wonder: what are the common issues in a farm divorce in Illinois? From dividing farmland and business operations to valuing equipment, debts, and inheritance, the process brings unique challenges. Because farmland often represents both income …
When it comes to divorce, one of the most complex issues for farm families is the division of farmland in an Illinois divorce. Unlike dividing up a bank account or household items, farmland often represents not just property but also a source of income, a family legacy, and a livelihood. In this blog, we share how Illinois courts typically handle …