Newsroom

Farm Credit East, ACA, the Northeast’s largest agricultural lending cooperative, announced its distribution of $140 million in cash patronage dividends to 12,500 farm, fishing and forestry business owners and operators across the Northeast. 

NEW YORK - The Farm Credit System today reported that combined net income increased 15.9% to $2.0 billion for the first quarter of 2024, as compared with $1.7 billion for the same period of the prior year.

Farm Credit East reported solid 2023 financial results today, showing continued growth in loans coupled with strong earnings, which allowed Farm Credit East to distribute a combined $130 million in patronage dividends to eligible customer-owners based on 2023 earnings. 

The Farm Credit System today reported combined net income of $7.4 billion for the year ended December 31, 2023, as compared with $7.3 billion for the prior year.