ESSENTIALS: Cash Patronage & Weather Update

Issue 3

June 2022

INTERESTing Times

Fed Shifts Strategies

As interest rates continue rising, Glen Semple shares strategies to consider to minimize the impact to your farm business.

Read INTERESTing Times

Virtual Summer Insights

Listen & Watch with FCI

Join FCI for virtual conversations via Twitter and webinars this summer.

Weather Outlook Update

Spring Reflections & Summer Insights

Eric Snodgrass digs into what the planting season brought and what to expect through the growing season. Watch as he gives a timely prediction of what the summer may hold.

Watch Eric Snodgrass' Weather Outlook Update

Beginning Farmers Honored with FreshRoots Directors Cup

$5,000 Award Recognizes Commitment to Bright Futures

Three young and beginning farmers and farmer couples were named the 2022 FreshRoots Directors Cup honorees – celebrating their commitment to continuous learning and intentional living for a brighter future for their farm family business and community.

Meet The 2022 Honorees

Watch an Introductory Video

Cash Patronage Coming Soon

#MembershipPays

More than 8,100 borrowers will receive their share of a $40 million cash patronage the week of June 20. This will be FCI’s fourth consecutive cash patronage distribution.

Learn More

Stockholder Leadership Opportunities

Ever considered serving in FCI’s cooperative leadership? Complete a candidate interest form to submit your name and information by July 1. Following the deadline, the 2022 nominating committee will review potential candidates to present at the Association’s annual meeting.

Interested in learning more about the role of a Director? Check out these FAQs.

Crop Insurance Reminders

Contact Your Agent with Questions

JUNE 20

Soybean (NFAC) and Grain Sorghum Final Plant Date – last date to plant with full coverage

JULY 1

Wheat Premium Billing Date – interest on unpaid bills begins accruing after July 31

JULY 5

Soybean (FAC) Final Plant Date – last date to plant with full coverage

JULY 15

Corn & Soybean Acreage Reporting – last date to submit signed acreage reports for all spring-planted policies

AUGUST 15

Corn & Soybean Premium Billing Date – interest on unpaid premiums begins accruing after Sept. 30

*Contact FCI agent for county-specific dates

Contact Your FCI Crop Insurance Agent

Building for the Future

Commitment to Local Service

Doors open at the newly constructed Taylorville office June 13. Meanwhile, Paris breaks ground at a new location June 10.

Thanks to recent years of strong earnings through solid loan growth and diverse income streams from business collaborations – along with the Board’s long-term capital management plan – FCI can invest in facilities when needed. These new offices support the growth of on-farm and in-office services.

Meet the 2022 Summer Interns

Four College Students Selected for FCI Internship

Get to know FCI’s most recent hires – four college students pursuing degrees in agriculture. They will each complete a 12-week summer internship.

Read More About the Interns

Meet FCI at the Fair

Save the Date for August Events in Springfield and Du Quoin

Join FCI at the Illinois and Du Quoin State Fairs! In Springfield, attend the Brooks & Dunn concert on Sunday, August 14 with access to the FCI Stage Side Tent. In Du Quoin, visit us at our Member Appreciation BBQ on Monday, August 29 with kids activities and prizes, and complimentary reserved tickets for the tractor pull.

Ag Economy Barometer

Barometer Reading Plummets 99 in May

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.

Learn More About the Barometer's Latest Reading

2022 Ag Scholars Celebrated

Thirty High School Seniors Receive $2,000

The class of 2022 Farm Credit agriculture scholars was recognized during a scholarship luncheon at Thelma Keller Convention Center in Effingham Thurs., June 2. Twenty-five of the students attended the recognition program.

Learn More About the Scholars

Talk To Us

Share Candid Comments, Constructive Suggestions, or Requests For Information