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NEWS RELEASE

May 06, 2003

Contact: John Leatherbury (815) 758-5033

1ST FARM CREDIT SERVICES SPONSORS ILLINOIS HORSE FAIR

 

Illinois rural lender, 1st Farm Credit Services, will be among four sponsors of the 15th annual Illinois Horse Fair to be held March 7-9 at the State Fairgrounds in Springfield. The Horsemen’s Council of Illinois produces the show.

1st Farm Credit Services, headquartered in Normal, is a farmer-owned agricultural and rural financial cooperative serving 42 counties in northern, central and western Illinois through 23 local offices.

"We are pleased to be one of the sponsors for this year’s Illinois Horse Fair," states John Leatherbury, director of marketing for 1st Farm Credit Services. "For many horse owners, living in the country is their dream, and we are the leading provider of financing for land and rural homes to help make that dream come true. So our involvement with the Illinois Horse Fair is a natural fit for us," he continues.

Leatherbury also announced that attendees can register during the Fair at 1st Farm Credit Services’ booth in the Horse Fair Annex building for the "Financing For Your Country Dream," sweepstakes drawing for a $500 gift certificate to the Libertyville Saddle Shop. The certificate can be used for purchases at the store, online or by catalog.

1st Farm Credit Services is the leading lender for land and rural homes, including purchase financing, and refinancing of mortgages and land contracts. In addition to providing low interest rates and local service, 1st Farm Credit Services has more than 85 years of rural lending experience, as well as knowledge of local rural real estate markets.

"Most times, horse owners have a home with acreage for their horses. Many lenders consider these as non-conforming properties that are not easily sold into the secondary market. Consequently, the property owners often end up paying higher interest rates. 1st Farm Credit Services specializes in financing for these homes with five or more acres," explains Leatherbury.

"It’s a great time to talk with us as land and home interest rates are near 40-year lows," he adds. 1st Farm Credit Services also can provide loans or leases for horse trailers and buildings.

1st Farm Credit Services is Illinois’ largest -- and the nation’s 12th largest – agricultural financial services business with more than $1.5 billion in assets. It serves more than 8,500 agricultural producers, rural residents and other agribusinesses. It is part of the nationwide Farm Credit System.

Farm Credit Services, rural America’s client-owned partner for more than 85 years, helps maintain and improve the quality of life in rural America and on the farm through its constant commitment to competitive lending, expert financial services and advice, and a feeling of partnership with its clients.

 

 

 

 

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