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NORMAL -- The board of directors of
1st Farm Credit Services, ACA, has elected board officers at
its annual reorganization meeting, according to Wayne A.
Gustafson, president and CEO of the farmer-owned agricultural
lending and financial services organization. The board serves
as the cooperative’s policy-making body.
At the reorganization meeting, John
Schmitt, Ursa, was re-elected board chairman, and Kevin Aves,
Kirkland, was elected vice chairman. Aves succeeds Mike Menold,
Princeville, as vice chairman.
 Schmitt and his father operate 1,080
acres in Adams County where they produce corn, soybeans, hay
and other forages. Schmitt also feeds and markets about 400
beef cattle annually. He has been a Farm Credit Services
client for 10 years and has served as a director since 1995.
The Aves family operates 2,500 acres
in DeKalb County, producing corn, soybeans and wheat. He has
been a Farm Credit Services client for 22 years. Aves has
served as a Farm Credit Services director since 1992.
Other directors of the 1st Farm
Credit Services, ACA board are John Baylor, Cuba; Andrew
Benoit, Bourbonnais; Wayne Carstens, Long Point; John Delaney,
El Paso; Larry Fischer, Pittsfield; William Flynn, Davis;
Robert Jackson, DeKalb; David Keller, Mt. Carroll; Mike Menold,
Princeville; Rod McGaughey, Carthage; Roger Newell,
Williamsfield; Michael Pratt, Dixon; Roger Schrodt, Galesburg;
Craig Stewart, Yorkville; Leland Strom, Elgin; and James
Yerkey, Atkinson.
1st Farm Credit Services,
headquartered in Normal, 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 and other agribusinesses in
42 counties in northern, central and western Illinois through
23 offices. Those offices can be reached at 1-800-444-FARM or
through the organization’s Internet web site at
www.usfarmcredit.com.
1st Farm Credit Services is the
leading provider of farm real estate financing; revolving
operating loans linked with a money market investment account;
equipment and building leasing and loans; farm appraisals; and
Crop Revenue Coverage (CRC), multi-peril, crop hail and credit
life insurances.
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. |
