Illinois Compiled Statutes 505 ILCS 19 Illinois Agrifirst Program Act of 2001. Section 10
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(505 ILCS 19/10)
Sec. 10. Legislative findings.
(a) The General Assembly finds that in this State the following conditions exist:
(1) There exists an inadequate supply of funds at
interest rates sufficiently low to enable persons engaged in agriculture in this State to pursue agricultural or agribusiness operations at present levels.
(2) The inability to pursue agricultural operations
lessens the supply of agricultural commodities available to fulfill the needs of the citizens of this State.
(3) The inability to continue operations decreases
available employment in the agricultural sector of the State and results in unemployment and its attendant problems.
(4) These conditions prevent the acquisition of an
adequate capital stock of farm equipment and machinery, much of which is manufactured in this State, therefore impairing the productivity of agricultural land and causing unemployment or lack of appropriate increase in employment in that manufacturing.
(5) These conditions are conducive to consolidation
of acreage of agricultural land with fewer individuals living and farming on the traditional family farm.
(6) These conditions result in a loss in population,
unemployment, and movement of persons from rural to urban areas accompanied by added costs to communities for creation of new public facilities and services.
(7) There have been recurrent shortages of funds from
private market sources at reasonable rates of interest.
(8) The ordinary operations of private enterprise
have not in the past corrected these conditions.
(9) There is a need for value-added products and
processing in this State.
(10) A stable supply of adequate funds for
agricultural financing is required to encourage family farmers and agribusiness in an orderly and sustained manner and to reduce the problems described in this Section.
(b) The General Assembly determines and declares that there exist conditions in the State that require the Department to issue grants on behalf of the State for the acquisition and development of agricultural facilities and value-added products and processing.
(Source: P.A. 92-346, eff. 8-14-01.)
Last modified: February 20, 2012