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Auction Results08.10.22Auction Results Land Sales in Last 6 monthsThe listing includes results for 114 different farmland auctions reported since Feb. 2022. These public auctions concluded with successful bids and represented 10,974 total acres in 28 different counties selling for a grand total of $162.5 million with an average price of $14,807 per acre. The highest price per acre was $21,500 for Class A land in Sangamon County; the lowest price per acre was $4,285 for Class C land in Jefferson County.
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Essentials08.09.22Essentials Issue 04 - Summer 2022Farmland values, farm loans that pay, interest rates and more in this edition of Essentials.
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News08.09.22Farmland Value Benchmark Study ResultsThe 2022 benchmark update for the Farm Credit Illinois territory shows a booming land market. Nineteen of the 20 benchmarks showed increases in value with only one benchmark farm remaining unchanged. The variability of increases in the FCI territory reinforce that agricultural land is a location specific asset.
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Insights08.08.22How High Will the Fed Go?
Glen Semple shares how continued interest rate hikes are affecting the U.S. economy and what is projected for interest rates going forward.
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News07.29.22Farm Loans that Pay
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.
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News06.20.22$40 MILLION FARM CREDIT CASH PATRONAGE ARRVING TO FARM FAMILIESMore than 8,100 Farm Credit Illinois (FCI) borrowers receive their share of a $40 million cash patronage distribution this week.
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Essentials06.07.22Essentials Issue 3, 2022Cash Patronage, Weather Updates, Interest Rate Discussion, and Summer Webinars.
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News06.06.222022 Summer Interns
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.
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Insights06.06.22Shifting Fed Rates and Strategy
The Federal Open Market Committee (FOMC) of the Federal Reserve (Fed) met May 3-4, and voted to increase the Fed Funds rate by 0.50% to 1.00% – the largest increase in the Fed Funds Rate in nearly 30 years.
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News05.31.22Beginning Farmers Build Bright Futures
Two young farmers and one farmer couple from central and southern Illinois were named FreshRoots Directors Cup honorees this week by Farm Credit Illinois.
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News05.09.22Students Named Farm Credit Family ScholarsFarm Credit Illinois recognizes twelve students, all children of FCI employees, as recipients of the Tom Tracy Memorial Farm Credit Illinois Family Scholarship.
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