News

27
Feb

Farm Credit East announces creation of the Lipinski Rural Initiatives Award

February 27, 2020

In conjunction with Bill Lipinski’s retirement as CEO, the Farm Credit East board of directors has created the Lipinski Rural Initiatives Award in honor of Bill’s service to Farm Credit customers and Northeast rural communities.

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Posted In: Press Releases

Tags: community support, stewardship
24
Feb

Farm Credit East Announces Retirement of Maine’s Fred Morton

February 24, 2020

Farm Credit East recently announced the retirement of Fred Morton after 40 years with Farm Credit East and its predecessor organizations, effective March 1, 2020.

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Posted In: Press Releases
21
Feb

Farm Credit East Pays $70 Million in Patronage Dividends

February 21, 2020

Farm Credit East, ACA, the Northeast’s largest agricultural lending cooperative, announced its distribution of a record $70 million in cash patronage dividends to more than 11,250 farm, fishing and forestry business owners and operators across Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island. On average, eligible customers received about a 1.04% reduction in their effective interest rate as a result of this patronage distribution.

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Posted In: Press Releases

Tags: profitability, return on investment
21
Feb

Farm Credit System Reports Net Income of $5.4 Billion for 2019

February 21, 2020

The Farm Credit System today reported combined net income of $5.4 billion for the year ended December 31, 2019, as compared with $5.3 billion for the prior year. The System also reported combined net income of $1.4 billion for the fourth quarter of 2019, as compared with $1.3 billion for the fourth quarter of 2018.

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Posted In: Financial Results

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News

Farm Credit East announces creation of the Lipinski Rural Initiatives Award

Farm Credit East Announces Retirement of Maine’s Fred Morton

Farm Credit East Pays $70 Million in Patronage Dividends

Farm Credit System Reports Net Income of $5.4 Billion for 2019

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