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Farm Credit Illinois begins new CEO search

The evolution of agriculture has also led to advancements in the ag lending industry.

Aaron Johnson, president and CEO of Farm Credit Illinois, tells Brownfield a lot’s changed over his 40-year career.

“Back in the mid-80s, when I started here in Illinois there was one rate, that was variable.”  He says, “So, we had to really retool the business to bring adjustable and fixed rates in to take the interest rate risk out.”

But he says farm borrowers are better protected than ever.

“We have so many more tools today that allow our members to control risk and really for the Farm Credit Association here to continue to thrive.”  He says, “We do as our members do. And so, we’ve been able to grow and succeed with them.”

Johnson, who’s served as CEO the past five years, says he’s retiring at the end of the year.

“This is an amazing cooperative.”  He says, “I’ve been able to work with really exceptional board members, and employees, and member borrowers, and I just feel really blessed.”

Farm Credit Illinois is conducting a nationwide search for Johnson’s successor.  The organization, which serves the state’s southern 60 counties, hopes to have the position filled by September. 

AUDIO: Aaron Johnson – president & CEO at Farm Credit Illinois

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