Farm Credit Illinois projects a $2.8 million return to farmers through the two-month Harvest Interest Returns program announced on Thursday. The program will provide zero percent interest in October and November on more than 3,700 FCI operating loans.
Members with existing FCI operating loans in place on August 1, 2017, qualify. All interest accrued on qualifying loans with balances up to $500,000 during the months of October and November will be credited back to the loan during the months of November and December.
The harvest time relief program was announced at FCI’s annual Farm Safety & Health Week kick-off event at the cooperative’s headquarters in Mahomet. Four farm safety presentations reminded attendees to put safety first to help Rural America thrive for future generations.
The presenters included: Amy Rademaker, Carle Rural Health and Farm Safety; Dave Newcomb, Illinois Fire Service Institute Ag Rescue Program; Trooper Tracy Lillard, Illinois State Police Safety Education Officer; and four members of Maroa-Forsyth FFA.
When combining all labor sectors, the death rate for all workers equaled 3.4 per 100,000.The latest data from the Department of Labor shows the agricultural sector remains the most dangerous in the nation with 570 fatalities in 2015, which equates to 22.8 deaths per 100,000 workers.
In conjunction with National Farm Safety & Health Week, FCI reminds everyone to take time throughout the busy harvest season to refresh – both physically and mentally. FCI’s annual Meals in the Field program brings 75 farm families meals to refuel their bodies and the Harvest Interest Returns program will bring relief to their minds. FCI staff will deliver meals during the weeks of Sept. 18-22 and 25-29 and provide each host family with a 5 lb. ABC fire extinguisher.
President Franklin D. Roosevelt first signed a farm safety proclamation in 1944. FCI established the Meals in the Field program in 2000 to promote farm safety during the harvest season. Each regional office selects five to 10 farm families to receive lunch during the week of and the week following National Farm Safety & Health Week. FCI staff serve the food wherever farmers are working.
“Farm Credit Illinois salutes the farmers working tirelessly through the busy harvest and recognizes the physical and financial challenges this season may bring for some operations,” says Tom Tracy, President and CEO of Farm Credit Illinois. “The Harvest Interest Returns program will provide some timely assistance to members and the Meals in the Field program will remind farm families to put safety first.”
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About Farm Credit Illinois
Farm Credit Illinois is a farmer owned and directed agricultural lending cooperative serving 11,000 farm families, agribusinesses, and rural landowners in the southern 60 counties of Illinois with competitive and flexible financing and crop insurance expertise. The Association manages a $4.2 billion loan portfolio, provides 1.4 million acres of crop insurance coverage, and employs 220 staff based in the Mahomet central office and 14 regional office locations. The U.S. Farm Credit System supports rural communities, farm families, and agriculture with reliable, consistent credit and financial services today and tomorrow.