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News

Farm Credit System Reports 2017 Second Quarter and Six-Month Net Income

The Farm Credit System today reported that combined net income increased 3.6% to $1.2 billion and 5.5% to $2.5 billion for the three and six months ended June 30, 2017, as compared with the same periods of the prior year.

“The System remains focused on its mission to support rural communities and agriculture,” remarked Tracey E. McCabe, President and CEO of the Federal Farm Credit Banks Funding Corporation. “With our consistently strong balance sheet, we are in a position to deliver credit and financial services to our customers as they face continued challenges in the agricultural sector.”

Read the full press release