August 25, 2015/

Farm Credit Lending Support To Illinois Agriculture With $100,000 Centennial Gift

Illinois’ two Farm Credit associations are celebrating the 100th year of the Farm Credit System with a $100,000 commemorative contribution to the Illinois agriculture industry. 1st Farm Credit Services and Farm Credit Illinois will collectively distribute the special centennial contribution among ten different Illinois agriculture groups. Farm Progress Show attendees can help “Designate the Dollars” by voting for one of the ten organizations in an electronic survey during the show on Sept. 1-3. The $100,000 investment will be dispersed to the following recipient organizations based on the percentage of votes each group receives:

  • Illinois 4-H
  • Illinois Ag-In-The Classroom
  • Illinois AgrAbility
  • Illinois Agricultural Leadership Program
  • Illinois Agri-Women
  • Illinois FFA
  • Illinois State University Department of Agriculture
  • Southern Illinois University College of Agricultural Sciences
  • University of Illinois College of ACES
  • Western Illinois University School of Agriculture

In addition to helping allocate the dollars of the contribution, Farm Credit tent visitors will enjoy music from Nashville entertainers Sara Simmons and the Cornpickers on the Farm Credit stage. A $100 cash drawing will be held during each of the ten shows and Rita Frazer with RFD Radio will broadcast live the afternoon edition of “Town & Country Partners” onstage at 2:30 p.m. daily.

“Farm Credit has thrived for 100 years thanks to the clients and rural communities we serve in Illinois. We invite everyone who has a passion for agriculture to mark the milestone with us by stopping by our tent,” says Gary Ash, CEO and President of 1st Farm Credit Services. “The $100,000 investment in Illinois agriculture helps ensure a bright future while celebrating a prosperous past.”

“The centennial celebration reminds us of the rich history of Illinois agriculture and the ever-changing needs of our cooperatives’ member-owners,” says Tom Tracy, CEO and President of Farm Credit Illinois. “Farm Credit’s unwavering commitment to Illinois agriculture and rural communities extends beyond providing financial services. From encouraging the next generation of farmers, to helping educate consumers about the importance of agriculture, Farm Credit is dedicated to helping farm families succeed.”

Farm Credit began with the Federal Farm Loan Act of 1916 and remains a successful financial network which is still cooperatively owned by the farmer borrowers. The Farm Credit System has 76 independently owned cooperative associations throughout the nation – including 1stFarm Credit Services and Farm Credit Illinois.

Collectively, the Farm Credit System provides more than $217 billion in loans, leases and related services – which is more than a third of the credit needed by U.S. agriculture. As a reliable, consistent source of credit and financial services for rural communities and agriculture, Farm Credit is the financial bedrock of rural America today and tomorrow.

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