FARM CREDIT view - Farm Credit Illinois

Field Goals
FARM CREDIT view
“Farm Mom of the Year”
Balances Family and Farming with Agriculture Advocacy
Crop Insurance News & Updates
By Gary Kopp, Regional Sales Manager
“My mom is my agricultural inspiration. She’s demonstrated to me that
SPRING EDITION 2011 • NEWS & HIGHLIGHTS FROM FARM CREDIT SERVICES OF ILLINOIS
it’s possible to achieve success in a stereotypical agricultural community
through hard work and perseverance. I appreciate my mom for being our
coach, mentor, and educator.”
SHIFT TO INDIVIDUAL REVENUE
COVERAGE CONTINUES
and 85% level policies increased to 53%
of the total.
The insurance company must authorize
replanting first.
Illinois farmers purchased 61,014 corn
policies and 58,833 soybean policies in the
federally subsidized crop insurance program
in 2011, according to the Risk Management
Agency website (www.rma.usda.gov) as of
3/28/2011. This compares very closely to the
61,038 corn and 59,073 soybean policies
purchased last year. The type of insurance
plans purchased continues the trend toward
individual revenue coverage and moves away
from traditional yield only plans and county
based GRP and GRIP plans.
Despite higher premiums, the relative
risk and level of business revenue on
the line are the highest in years, giving
most producers an opportunity to protect
net income at profitable levels. Many
seized that opportunity and are building
crop insurance into an overall business
management strategy for their operations.
Also, if you have acres that you may be
prevented from planting due to excess
moisture, or if you have acres of planted
corn that need to be switched to a second
crop (i.e. beans or grain sorghum), call us
well ahead of time so we can discuss your
options and adjusters can help you. We
want you to get the full benefit of your
coverage.
The new Revenue Protection plans (formerly
CRC, RA, or IP) increased from 45,993 to
47,136 for corn and from 42,435 to 44,070
for soybeans. The number of policies insured
as individual yield only dropped from 7,095
to 6,648 on corn and from 7,818 to 7,233
on soybeans. County Yield only GRP policies
dropped from 515 to 466 on corn and from
935 to 877 on soybeans. County Revenue
GRIP coverage, (often hailed as a plan that
will pay back larger indemnities than other
plans) dropped from 4,438 to 3,684 on corn,
and from 4,904 to 3,597 on soybeans. In
most Illinois GRIP premiums per acre for 2011
counties ranged from $65 to $90.
Higher coverage levels again in 2011
The enterprise unit subsidies on the individual
plans continue to create good value for most
producers and allowed them to use this
savings to buy higher levels of coverage in
2011. The percentage of individual revenue
plans insuring at the 80 and 85% levels in
2010 was 50.9% of total corn policies. In
2011, these levels increased to 54.2%. For
individual revenue plans on soybeans, the 80
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WEATHERBILL INSURANCE
Weatherbill insurance is now available
through Farm Credit. It uses National
Weather Service data to define protection
and to pay claims for precipitation and
IMPORTANT 2011 DATES
•
•
temperature based perils. A combination
plan called Total Weather insurance was
offered through March 15 that included
protection in the event of a wet spring,
drought, heat stress, early frost, and wet
•
•
harvest conditions.
•
Single peril plans are available throughout
2011 for protection against drought, heat
stress, or frost. Talk to one of our crop
insurance specialists to learn how one or
more of these plans could be an important
part of your risk management toolkit.
REMINDER ON REPLANTING
If Mother Nature dumps too much rain
on newly planted crops this season and
they need to be replanted, PLEASE notify
us with a phone call before you destroy
the original planting or begin replanting.
This is especially important this year with
a record number of Supplemental Replant
Endorsements in effect, along with regular
replant benefits of the MPCI policies.
•
•
•
•
•
•
•
•
•
June 5
Final Plant Date for Corn
June 6
Late Planting Period for Corn
begins (25 days)
June 20
Final Plant Date for Soybeans
June 21
Late Planting Period for Beans begins (25
days)
July 1
Premiums Due for Wheat
July 15
Acreage Reports Due for Corn & Soybeans
August 1
RP Harvest Price Announced for Wheat
September 15
RP Base Price for 2012 Wheat Announced
September 30
New Applications for 2012 Wheat
October 1
Premiums Due for Corn & Soybeans
November 1
Interest Added to Unpaid Premiums
November 1
Harvest Prices Announced - (RP & GRIP)
November 14
Production Reports Due for Wheat
November 15
Acreage Reports Due for Wheat
Introducing 25 “We Understand” Agriculture Scholars
– excerpt from Cheryl Day’s nomination submitted by her 13-year-old daughter,
Sierra, for America’s Farmers Mom of the Year contest sponsored by Monsanto
Last year’s Midwest “Farm Mom of the Year”
says she wants her children to learn about
agriculture the same way she did – by getting
dirty and taking risks. “Farming is a rollercoaster, but agriculture has always been my
passion. I truly want to empower others to
pursue their agricultural dreams and protect the right to farm for the next generation,” says Cheryl Day who operates a corn,
soybean, and Registered Angus cattle farm in
Piatt County with her husband, Mike.
Both Cheryl and Mike have their own off-thefarm agribusiness careers but their ultimate
passion is the family farm. “Starting a farming
operation for new farmers is very expensive.
Neither of us could join the family farm
full-time but our long-term goal is to farm
full-time.” The Days are proud Farm Credit
stockholders, “We have tried different local
lenders for our farm financial needs. After asking other local farmers and meeting with the
staff in Decatur, it was clear that Farm Credit
matched our needs. Farm Credit gives us more
than a place to borrow money. The staff gives
us the tools and the confidence to continue
pursuing our goal of farming full-time.”
Cheryl serves as the executive director of
Illinois Association of Drainage Districts and
freelances as an agriculture communicator
and public relations consultant. When she’s
not “working”, Cheryl makes time for countless hours of volunteer time to speak out
for agriculture and help organize grassroots
efforts to protect the science of agriculture
production.
Read more about Cheryl and watch a video at
www.fcsillinois.com/DAY.html.
Twenty-five high school seniors in central and
University of Illinois at Urbana-Champaign
Ms. Amy Brandt of Mahomet (Cham-
southern Illinois added $1,000 towards their
(Major: Food Science), Parents: Ralph and Lori
paign County), Mahomet-Seymour
college education fund and their pursuit of
Allen. Hannah hopes to pursue a career as a
High School to Parkland College Path-
an agriculture career. Scholarship selections
food scientist in central Illinois.
ways (Major: Crop Sciences), Parents:
are based on a combination of academic
achievement, participation and leadership in
(Effingham County), Altamont
school and community organizations, and the
Community High School to
applicant’s commitment level to an agricul-
Lake Land College (Major:
tural career.
Mark and Tamara Brandt. Amy will be
directing her passion for plants towards an agronomy
career – either as a plant molecular biologist or as a
plant geneticist.
Ms. Lauren Cannedy of Glenarm
Agriculture Business), Parents:
This is the eighth year of the “We Under-
Clyde and Barbara Barr. Amanda’s dream
(Sangamon County), Glenwood High
stand” Agriculture Scholarship program.
career is to be an entrepreneur with her own
School to Lincoln Land Community
More than $135,000 of college scholarships
business that specializes in ocean water
College (Major: Agriculture Manage-
has now been awarded by Farm Credit to
hydroponics.
161 different “We Understand” Agriculture
Scholars since 2004. The 114 applications
received this year set a new record.
We Understand
Ms. Amanda Barr of Altamont
Freeburg (Saint Clair County),
Freeburg High School to
“Farm Credit is proud to invest in young peo-
Southeast Missouri State Uni-
1100 Farm Credit Drive
ple who have a passion for agriculture. We
versity (Major: Accounting),
Mahomet, IL 61853
need some of the brightest of today’s youth
Parents: Greg and Terri Bechard. Stephanie’s
to become tomorrow’s agricultural leaders,”
future aspiration is to help others learn new
says Dave Owens, Farm Credit Services of Illi-
ways of promoting all aspects of agribusiness
nois President & C.E.O. “The ‘We Understand’
by exploring niche markets.
Agriculture Scholarship program promotes
the positive opportunities of exploring careers
in the agriculture industry – including production agriculture.”
The 2011 “We Understand” Agriculture
Scholars include:
Please see AGRICULTURE SCHOLARS,
page 2
Ms. Stephanie Bechard of
IN THIS ISSUE
3
Stockholders Attend Farm Credit College
4 NEWS FROM THE FIELD
Groundbreaking, promotions, milestones, new
Mr. Brandon Boester of Creal
hires, and upcoming events
Springs (Williamson County),
Crab Orchard High School
to John A. Logan College,
(Major: Agronomy), Parents:
Lee and Linda Boester. Brandon is planning
BACK IN THE CLASSROOM
5
CROP INSURANCE NEWS
6
“FARM MOM OF THE YEAR”
Cheryl Day of Cerro Gordo, Illinois
on a production agriculture career as a grain
www.fcsillinois.com
Ms. Hannah Allen of Mount
and hog farmer.
Pulaski (Logan County),
Mount Pulaski High School to
We Understand
Field News
Agriculture Scholars
Agriculture Scholars
Farm Credit Breaks Ground
Continued from page 1
Continued from page 2
For New Decatur Office
Important Dates
Mark Your Calendar
ment), Parents: Mark and Carla Cannedy. With
engineering career where he spends most of his
Ms. Katelynn Mollett of Green-
Parents: Amy Pearson and the late Bruce Pear-
Ms. Seely Sayre of Arenz-
Joann Steppig. While Chris says his dream job
a passion for horses and beef cattle, Lauren’s
time in places other than sitting at a desk.
ville (Bond County), Greenville
son. Blake hopes he will have an opportunity
ville (Cass County), Triopia
is to broadcast Cardinal’s baseball games on
High School to Kaskaskia
to farm in the future but would also welcome
High School to Lincoln Land
the radio, he would settle for a management
College (Major: Agriculture
a career as a manager with an agricultural
Community College (Major:
position with an agriculture company in the
Transfer), Parents: Steve and
supply company.
Animal Sciences/Pre-Veterinary
meantime.
dream job is to work as a ranch manager.
Ms. Claire Geiger of Alhambra
Mr. Jason Conrady of Palmyra
(Madison County), Highland
(Macoupin County), Northwest-
High School to Parkland College
ern High School to University of
Pathways (Major: Agricultural
Illinois at Urbana-Champaign
Education), Parents: Steve and
(Major: Agriculture Business),
Dena Geiger. Claire is planning to be stationed
Ms. Ashley Nagele of Sheldon
High School to Western Illinois
Parents: Douglas and Carol Conrady. Jason
by the owl as an FFA advisor and agriculture
(Iroquois County), Milford Town-
University (Major: Agriculture
Ms. Sarah Simpson of Den-
Illinois at Urbana-Champaign
plans to return to the family farm and pursue a
educator.
ship High School to University
Science/Plant Breeding), Par-
nison (Clark County), Marshall
(Major: Crop Sciences – Plant
production agriculture career.
Moweaqua (Christian County),
County), Trico High School to
Central A & M High School to
Southern Illinois University
Lincoln Land Community College
Carbondale (Major: Agribusiness
(Major: Agricultural Education),
Parents: Randy and Lisa Harmon. Brianna will be
Ms. Haley Pfaffe of Ashland
an agricultural education career.
Ms. Brianna Harmon of
Mr. John Edgar of Ava (Jackson
Economics), Parents: Doug and
Brenda Mollett. Katelynn is planning to pursue
(Cass County), A-C Central
Biotechnology/Molecular Biology), Parents:
(Major: Animal Sciences),
is to work as a crop scientist with Pioneer
University of Findlay (Major:
Chuck and Joann Steppig. Nick’s future aspira-
Hi-Bred.
Equine Business Management),
tion is to work in genetic engineering with new
Dr. Ashley Nagele has aspirations of practicing
Ms. Jalyn Ridgely of Olney
veterinary medicine, specializing in large animal
(Richland County), East Rich-
care.
land High School to Southern
Ms. Kymber Nakaerts of Clifton
Illinois University Carbondale
involve agriculture education targeting high
teacher.
(Iroquois County), Central High
(Major: Agricultural Economics/
School to Kankakee Community
(Washington County), Okawville
(Menard County), Athens High
High School to University of
School to Illinois State University
Illinois at Urbana-Champaign
(Major: Agricultural Communica-
(Major: Technical Systems
tions & Leadership), Parents:
Waterloo High School to
ACES this fall.
Economics), Parents: Kim and
tural attorney.
University of Illinois at Urbana-
manager for a large construction company.
School to Iowa State University
State University (Major: Agricul-
Dieterich (Jasper County),
tural Economics/Accounting),
(Major: Animal Ecology), Parents:
Terry and Kim Nevill. Already
raising his own sheep, hogs, chickens, horses,
goats, and cattle, John wants to one day work as
a veterinarian.
Newton Community High School
Parents: Carl and Judy Meisner. Greta expects to
Mr. Blake Pearson of Mount
to Southern Illinois University
one day work as an accountant for an agricul-
Carmel (Wabash County),
Edwardsville (Major: Mechanical
ture business.
Mount Carmel High School to
Engineering), Parents: Mike and Kathy Feh-
Wabash Valley College
renbacher. Mark wants to pursue a hands-on
(Major: Agriculture Production),
2
Champaign (Major: Technical
tural financing career in her future.
as a communications representative for a seed
Mr. Mark Fehrenbacher of
is providing an additional $1,000 scholarship
Jalyn hopes to pursue a career as an agricul-
Pam Nakaerts. Kymber is planning on an agricul-
Ms. Greta Meisner of Jerseyville
tural, Consumer and Environmental Sciences
College (Major: Agribusiness
JoAnn Vosse
Branch Manager
Systems Management), Parents: Chuck and
Back in the Classroom
100 Stockholders Attend Inaugural Farm Credit College
On March 14, the first “Farm Credit College”
seminar for Farm Credit stockholders was held
in Springfield. Dr. Don Jonovic, from Family
Business Management Services in Cleveland
OH, and Curt Ferguson, from The Estate
Planning Center in Salem, made presentations
and lead discussions on:
• Farm Management 101: “Surviving Family
Farming Whitewater”
• Farm Estate Planning 101: “A Nuts & Bolts
Approach to Effective Estate Planning”
Based on the
positive feedback
from the 100 Farm
Credit College
participants, Farm
Credit plans to hold
an identical program
in southern Illinois
later this year. Stockholders are encouraged
to contact their branch office to get more
information or suggest future
topics and speakers for Farm Credit College
seminars. Watch video clips of the event at:
www.youtube.com/fcsillinois.
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•
June 23 - Highland Branch
Customer Appreciation Picnic
Alhambra Firemens Park
•
June 23 - Jacksonville Branch
Customer Appreciation Picnic
Morgan Co Fairgrounds’ Pavilion
•
June 23 - Taylorville Branch
Customer Appreciation Picnic
Taylorville Branch Office
•
June 30 - Lincoln Branch
Customer Appreciate Fish Fry
Logan County Fairgrounds
•
July 27 - Effingham Branch
Customer Appreciation Dinner
•
August 1 - Mahomet Branch
Customer Appreciation Dinner
Georgetown Fairgrounds
•
August 2 - Paris Branch
Customer Appreciation Picnic
Castle Finn Winery
•
August 8 - Lawrenceville Branch
Customer Appreciation Dinner
Trace Inn, Red Hill State Park
•
August 10 - Jerseyville Branch
Customer Appreciation Picnics
Barefoot Restaurant, Hardin
•
August 17, 18 - Nashville Branch
Customer Appreciation Picnics
and Brian Wright (Jack Young not present).
Vosse and DuFrenne Assume New Roles in Red Bud Branch Team
Scholars who are enrolling in the College of
County), Maroa-Forsyth High
nity High School to Oklahoma
making time to continue training horses.
Stephanie Naylor, Chuck Foran, Lise Pollock, Sara Foley
The University of Illinois College of Agricul-
Waterloo (Monroe County),
Stephen hopes to one day work as a project
ture.
representative in the equine industry while
(l-r) Larry Ellinger, Diane Triplett, Aaron Johnson,
Promotions Announced
Agriculture Law), Parents: Jan and Lisa Ridgely.
Creg and Marilyn Faucon. Kristen hopes to work
(Jersey County), Jersey Commu-
like to one day work as a breed association
The building will provide 8,200 square
feet of office space which is expected
to accommodate up to 20 staff in
the future. The facility’s architecture
is uniquely designed for all new Farm
Credit Services of Illinois buildings.
crops for a major seed company.
to the six 2011 “We Understand” Agriculture
Mr. John Nevill of Maroa (Macon
urban legislators on the importance of agricul-
Parents: Jason and Tyra Raisner. Sarah would
Mr. Christopher Steppig of
Management), Parents: David and Ruth Lake.
or chemical company and wants to help educate
High School to University of
Community High School to
pursuing a career as a high school agriculture
Ms. Kristen Faucon of Athens
loo (Monroe County), Waterloo
veterinarian.
ents: Jeff and Lana Pfaffe. Haley’s dream career
Parents: Mark and Cindy Nagele. The future
Mr. Stephen Lake of Oakdale
Mr. Nicholas Steppig of Water-
hopes to work as a large and small animal
of Illinois at Urbana-Champaign
Nancy Edgar. John knows his future career will
school or college students.
Medicine), Parents: Tim and Tracie Sayre. Seely
Farm Credit held a groundbreaking
ceremony on April 14 at the construction site for a new branch office
facility in Decatur near West Mound
Road and Illinois Route 121. The construction is expected to be complete
in October.
Laura DuFrenne
Vice President
JoAnn Vosse and Laura DuFrenne have new
roles in the Farm Credit branch office in Red
Bud. JoAnn was named the branch manager
and Laura was promoted to vice president.
The Red Bud branch office serves farmers and
rural landowners in Randolph and Monroe
Counties and will start serving St. Clair County
agriculture later this year.
FCS Team Milestones
Welcome Aboard!
A special salute to employees who reached milestones in their years of service
Meet the newest field team member
25 Years
Steve Witges
Regional Lending
Manager
15 Years
Sheila Wallace
Albion Branch Lending
10 Years
Carla Lappe
Highland Branch
Lending
Dena Mozie
Crop Insurance Assistant
Taylorville Branch
4