In conjunction with other COVID-19 mitigation measures in central and southern Illinois, access to Farm Credit Illinois offices is only by appointment through Friday, Jan. 15, 2021. FCI offices will be staffed from 8:00 am to 4:30 pm weekdays.
TO CONDUCT BUSINESS TRANSACTIONS:
Schedule an office or on-farm appointment
Call the office phone number posted when you arrive for indoor service
Coming January 26 & February 9 from 9:00 - 11:00 am
Put your estate plan in motion or give it a refresh. The sessions will provide clarity on the complex topics of farm business succession. Bring questions and equip yourself with a clear set of next steps.
This year has certainly been one for the record books! The black swan pandemic – with all its economic, financial, consumer, and social implications – has accelerated many changes. Put 2020 in the rearview mirror while considering how big picture variables impact your future business plans.
Last month, the Small Business Administration was ordered by a federal judge to release the names, mailing addresses, and loan amounts for all individuals and entities that obtained either Paycheck Protection Program (PPP) or Economic Injury Disaster Relief (EIDL) COVID-related loans. The data was publicly released Tuesday, Dec. 1, 2020. No Farm Credit institution, including Farm Credit Illinois, had a role in releasing the borrower information.
Because data releases like this sometimes lead to fraudulent activity, FCI recommends all borrowers who obtained a PPP or EIDL loan closely scrutinize any communications regarding SBA loans to ensure authenticity. Borrowers are also encouraged to take other measures to limit potential misuse of the information, such as monitoring their credit reports for unusual activity.
$100,000 Giving Tuesday Gift to Illinois Food Banks
Match Programs Increase Donation Totals
FCI gifted a second $100,000 to the four Feeding Illinois food banks serving central and southern Illinois on Giving Tuesday. This donation continues supporting families in need as the impacts of the coronavirus pandemic linger throughout the nation. We are grateful to the food banks and volunteers for working to eliminate hunger in Illinois.
Looking for a lender who will lower your cost of borrowing money? Don’t just search for low interest rates; avoid upfront fees that impact how much you pay for a loan. As a farmer-owned cooperative, Farm Credit Illinois understands that every dollar counts – so we said goodbye to lender fees at closings.
With increased online shopping, it’s important to be cautious this holiday season. To avoid theft of packages off your porch or your personal information online, following these tips will protect you and keep your holidays bright.
Congratulations to the winners of the bluetooth headsets following Issue 5:
Megan Bertolino of Montgomery County
Paulette Brock of Champaign County
Kevin Brown of Scott County
Tim Hamblin of Williamson County
Brandi Heins of Jackson County
John Hubele of White County
Kyle Meece of Piatt County
Ken Richert of Logan County
Scott Robling of Warrick County, Indiana
Norman Yeley of Clark County
In Issue 5 of Essentials, readers were asked which digital communication platforms they were comfortable using. Here are the results from 898 respondents:
Ag Economy Barometer
Producer Sentiment Pulls Back to 167
The Ag Economy Barometer measures the health of the U.S. agriculture economy with an index value based on a survey of agricultural producers on economic sentiment. A score of 100 means producer sentiment is unchanged from the six-month baseline research period; a score higher than 100 means sentiment improved from the base period; a score lower than 100 means sentiment declined versus the base period.