Members can pencil in patronage annually even with today’s financial market pressures. You can credit this to the Board of Directors’ long-term capital management plan that prioritizes low upfront interest rates and consistent patronage payouts while managing capital conservatively.

Farm Credit Illinois recently hired four college students pursuing an agriculture-related major to complete a 12-week summer internship.  Get to know our FCI interns.

The Federal Open Market Committee (FOMC) of the Federal Reserve (Fed) met May 2-3 and voted to increase the Fed Funds rate by 0.25%, bringing the overnight rate to 5.00-5.25%. 

In this issue KOHL-laborations, Scholarship & Grant Recipients, Rural 1^st® testimonial, and more.

Dr. Kohl reflects on two recent trips to Florida that quickly reminded him that baseball spring training is in full force and ready to move to the regular season playing field where the games count. Those in the agriculture industry are in a transition mode taking their production, marketing, risk management, and financial plans into the field for execution over the remainder of 2023.

Farm Credit Illinois named 30 high school seniors as agriculture scholarship recipients in central and southern Illinois.

In this issue, read a message from the CEO discussing patronage, interest rates, and loan programs.  Also, Director elections, Agriculture Scholarships, Cim-Tek Filtration and the Ayers Family, and commentary from Dr. David Kohl.

Latest farmland sales data, scholarships & grants, and more in this edition of Essentials.