Newsroom

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.

Farm Credit East, ACA, the Northeast’s largest agricultural lending cooperative, announced its distribution of $120 million in cash patronage dividends to 12,500 farm, fishing and forestry business owners and operators across the Northeast. In addition, the board approved a special one-time patronage distribution based on 2023’s outstanding financial results, for a total of $130 million of earnings returned to customer-owners. 

Farm Credit East’s bylaws provide for the nomination of candidates by petition by Thursday, January 25, 2024.