Dale Crawford, of Moultrie County, was elected to serve as a member of the AgriBank Board of Directors. Crawford was one of four newly elected members of the 18-person board. Much like FCI’s board, the AgriBank board is comprised primarily of member-owners from throughout its territory who ensure the Bank fulfills its mission of providing reliable, consistent credit and financial services to Rural America. Crawford served on the FCI board for more than 10 years and the Farm Credit Council board before being elected to the AgriBank board. [Read more…]
Fair Oaks Farms opened its newest addition – a children’s dining hall – in partnership with Farm Credit and Cargill during its annual kite festival, Fair in the Air on May 13.
The new building provides space for school children, families, and guests to enjoy their lunch and dinner breaks during their tours of The Dairy, Pig, or Crop Adventures.
The FeedBarn is filled with numerous educational resources that add to the experiences guests have while learning about modern farming practices. Farm Credit’s gift helps share the important role agriculture plays in providing safe, abundant, and affordable food. [Read more…]
Some are criticized for being micro-managers, while this fourth generation Macoupin County farmer was awarded for being a microbe-manager. The Fertilizer Institute named Tom Connors a 4R nutrient stewardship Advocate Award winner in 2016.
In the mid-1990s when Tom returned to the family farm, they began 2.5 acre grid soil sampling and employed calibrated yield monitors – the start to his now 20-year tracking history. Triple T Farms grows non-GMO and GMO corn, soybeans and cattle. Tom began soil testing out of concern for the environment and to “make a buck and save a buck while doing it.” [Read more…]
The Community Foundation of East Central Illinois announced today the nine recipients of the 2017 Farm Credit Illinois Family Scholarship which is administered by the Foundation: Emily Detmer, Britni Gortner, Jordan Greenwalt, Jacob Henning, Nicole Lappe, Jennifer Nigh, David Rhode, Lucille Stahl, and Lucas Wilson.
Scholars receive $3,000 toward their college education. The selection criteria emphasizes scholastic achievement, leadership and community contributions, career vision and goals, and financial need. Applicants for the Family Scholarship are 26 years of age or younger, the children or grandchildren of Farm Credit Illinois employees, and planning to enroll as full-time college students in the fall of 2017. [Read more…]
The recipients of nearly $50,000 of scholarships to high school seniors throughout central and southern Illinois pursuing agriculture-related majors and future careers were announced last week by Farm Credit Illinois. FCI awarded 24 high school seniors a $2,000 agriculture scholarship; two are designated as Urban Agriculture Scholars.
This is the fourteenth year of the Farm Credit agriculture scholarship program which has awarded more than $340,000 to 299 students since 2004. Scholarship selections are based on a combination of academic achievement, participation and leadership in school and community organizations, and the applicant’s commitment to an agricultural career.
“Farm Credit Illinois is proud to lend support to these young people who have a passion for agriculture and have been role models in their communities,” says Rod Stoll, vice president of marketplace engagement for FCI. “These scholars will positively shape the future of Rural America, in turn Helping Farm Families Succeed today and tomorrow.” [Read more…]
Farm Credit Illinois recently welcomed Beth Painter as a credit assistant in the credit services division’s large and agribusiness team to the cooperative’s central office in Mahomet.
Painter grew up in Champaign County and graduated from Mahomet-Seymour High School. She attended Southern Illinois University Carbondale for two years and will complete her associate’s degree in May from Parkland College. Prior to joining the FCI team, Painter spent nine years working for the University of Illinois at Urbana-Champaign, most recently as an assistant to the Vice Chancellor for Institutional Advancement for six years. In addition to her work the FCI, she works part-time as an office manager and bookkeeper for Bob Simpson’s Autotown in Champaign. Painter and her husband Jared reside in Mahomet and have two children – Branson (23) and Jillian (19). [Read more…]
4-H clubs and FFA chapters throughout central and southern Illinois will implement valuable improvement projects in their communities with help from grants provided by Farm Credit Illinois. FCI awarded 50 different 4-H clubs and FFA chapters with a $400 grant to deliver a project which will make their local communities better places to live.
This is the ninth year FCI has funded community improvement grants, now totaling almost $90,000. Examples of award-winning projects this year include managing community gardens, fairgrounds improvements, and constructing a roadside welcome sign.
“Farm Credit is grateful to team-up with youth organizations to invest in the communities in our service area, fulfilling our mission to support Rural America and agriculture,” says Rod Stoll, vice president of marketplace engagement for FCI. “We congratulate the 2017 grant recipients and salute them for making positive, tangible contributions to their local communities.” [Read more…]
Farm Credit Illinois released the cooperative’s audited financial results for the 2016 calendar year, which were highlighted by stable loan volume, strong credit quality, and increased net income:
- Loan volume remained steady: The loan portfolio grew 3.1% to $3.94 billion from the prior year-end of $3.82 billion. FCI also manages a loan portfolio owned by AgriBank totaling $302 million.
- Credit quality remained strong: Acceptable credit quality remained strong at 96.8% for all loans owned and managed by the Association.
- Net income growth: Following increased average loan balances and an essentially flat operating expense line, net income increased 13.9% from $61.1 million in year-end 2015 to $69.6 million for the year ending Dec. 31, 2016.