Farm Credit System Reports 2021 Second Quarter and Six-Month Net Income

August 2, 2021

The Farm Credit System today reported combined net income of $1.7 billion and $3.4 billion for the three and six months ended June 30, 2021, as compared with net income of $1.4 billion and $2.9 billion for the same periods of the prior year.  

“A recovering economy and strong demand for agricultural products continues to provide for a favorable agricultural outlook,” remarked Tracey McCabe, President and CEO of the Federal Farm Credit Banks Funding Corporation. “Loan volume continued to grow and credit quality improved.  Our balance sheet strength and strong capital levels provide a solid foundation to continue to serve agriculture and rural America should the present favorable environment change.” 

Read the full press release