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Issue 5 - 2017
Summer - A
Edition
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INTERESTing Times
Increasing Rates & Decreasing Fed Balance Sheet
As the FOMC once again votes to increase the federal funds rate, they also announced a plan to begin reducing the Fed balance sheet. While no start date has been identified, once the tapering begins, how will these actions affect your own rate terms?
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Local Foods More Accessible at Urbana Market
Farm Credit Sponsors SNAP Double Value Program
Farm Credit is providing $5,000 in funding to match SNAP purchases made at Urbana's Market at the Square up to $20 per person each Market day. The program enhances the value to market customers, farmers who sell their agriculture products, and the local foods community.
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Financial Snapshot
2nd Quarter Business Results
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FCI Celebrates Scholars at Recognition Program
Scholarship Luncheon Held June 1
More than 100 visitors - composed of 22 of the 24 scholars and their family members and guests - attended a scholarship recognition luncheon at the cooperative's central office in Mahomet. Since the program's start in 2004, $344,500 of scholarships have been awarded to nearly 300 students.
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Weather Outlook Update
July Patterns Throughout the Corn Belt
Below average precipitation in June, combined with delays in planting and replant due to flooding has resulted in an uneven crop across Illinois. As one of the most important growing months in the Corn Belt, Eric Snodgrass examines the weather pattern for July and how it relates to your crops.
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Meals in the Field
Enter for Your Chance to Win
FCI is proud to once again support National Farm Safety & Health Week by providing farm families with complimentary lunches and brief safety messages during the weeks of Sept. 18-22 and 25-29.
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2017 Internship Program Underway
Five Students Join Mahomet Team
FCI welcomed five students studying agriculture business to complete a 12-week summer internship at the cooperative's central office.
Learn About the Interns
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Estate Planning Education
Having "The Talk" About Farm Transition Planning
Farm transition planning is crucial to all family farming businesses and getting started can be the hardest part. Following January Farm Credit College educational workshops, Dr. Ferrell answers FCI member questions on having "the talk."
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Price Check
Land Sales in the Last 90 Days
The Price Check listing includes sales results of 29 different parcels of farmland reported since April 1. These sales are from public auctions which concluded with successful bids; they represented 2,157 total acres in 11 different counties selling for a grand total of $14.8 million with an average price of $6,872 per acre. The sales ranged from a high of $14,609 per acre for 21 acres in Madison County to a low of $2,875 per acre for 80 acres in Wayne County.
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Stockholder Leadership Opportunities
Have you ever considered serving on Farm Credit's nominating committee or board of directors? If so, the 2017 nominating committee wants to know. Fill out a
candidate interest form
to submit your name and information by July 15. Following the deadline, the committee nominates candidates to present at the Association's 2017 annual meeting.
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| Upcoming Farmland Auction Listings |
| FARMLAND INFORMATION |
AUCTION INFORMATION |
| County |
Total
Acres |
Tillable
Acres |
Date |
Time |
City |
Weblink |
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Jasper
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43
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43 |
07/20/17 |
6:00 pm |
Newton
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More Info |
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Effingham
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70 |
70 |
07/27/17 |
6:00 pm |
Altamont
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More Info |
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Logan
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785 |
588 |
08/10/17 |
11:00 am |
Springfield
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More Info |
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Jasper
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272 |
272 |
09/30/17 |
11:00 am |
St. Marie |
More Info |
Farm Credit Illinois is maintaining a
list of upcoming farmland auctions in the Association's 60-county marketplace. If you have an auction to include, please submit a form at www.farmcreditIL.com/auctioninfo or send a web link of the auction sale bill to [email protected].
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Illinois State FFA Convention
Newsroom Offers Education to FFA Members
The two Illinois Farm Credit Associations teamed up to continue their sponsorship of the Farm Credit Newsroom at the 89th Illinois State FFA Convention last month. FFA members volunteered to organize cut lines, capture and edit photographs of award recipients, and finalize press releases. Collectively, volunteers published 141 news releases and captured 316 digital photos including the announcement of the newly elected State Officer Team.
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Pictured above (L to R):
2017-2018 Illinois State Officer Team: Dalton Painter of Newman, Secretary; Robert Janssen of Avon, Vice President; Joseph Birrittier of Waterloo, President; Ryan Reeverts of Byron, Reporter; Chase Clausen of Genoa, Treasurer
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Do You Have a Question About Crop Insurance?
Check out FCI's Fielding Your Questions blog for a resource to better understand the latest crop insurance updates and options. Submit a question or read past posts today!
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Ag-Tastic Adventure Impacts More Than 100 Students
FCI's Ag-vocacy Endowment Sponsors Madison County
Youth Education Program
The Ag-Tastic Adventure was coordinated by the Madison County Extension office to teach kindergarten through fifth grade Edwardsville students about different areas of agriculture including crops, swine, poultry, dairy, beef, and gardening through interactive projects. The program ended with a trip to the St. Louis Science Center's GROW exhibit
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Growing Connections
August Creek Farm & Cypress Grove Farm Store
Together, Phil and Carolyn Corzine and their daughter Andrea's operations can fill a dinner plate with all the fixings. These Christian County businesses are intertwined, expanding, and catering to their customers with each decision.
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Essentials
Raffle & Reactions
Sign Up to Win One of Ten Grill Sets
Drawing to be held July 24
Here's a chance to win an "essential" to use during the heat of the Illinois summer. The Cuisinart kit is perfect for the on-the-go griller or to keep the grill tools separate from kitchen utensils. (Retail Value $50)
Congratulations to the winners of the $100 FCI MasterCard gift cards following Issue 4:
- Bruce Kleinschmidt of Morgan County
- Clint McLeod of Christian County
- David Terpening of Greene County
- Eldon Muench of Sangamon County
- Joan Mueller of Madison County
- Joe Mouzin of Knox County, Ind.
- Kenny Brummer of Effingham County
- Meghan Loschen of Champaign County
- Michael Peck of Randolph County
- Terry Beers of Saline County
In Issue 4 of Essentials, we asked readers how much rain they received in the month of April. Out of 248 respondents, here are the results.
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Welcome Aboard
Get to Know FCI's Newest Team Members
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