Farm Credit System Reports 2020 Third Quarter and Nine-Month Net Income

November 2, 2020

The Farm Credit System today reported combined net income of $1.6 billion and $4.4 billion for the three and nine months ended September 30, 2020, as compared with $1.4 billion and $4.1 billion for the same periods of the prior year.

“The System delivered solid results for the third quarter notwithstanding the challenging and uncertain economic environment,” remarked Tracey McCabe, President and CEO of the Federal Farm Credit Banks Funding Corporation. “Historically low interest rates, coupled with our diversified loan portfolio have contributed to this success.” 

Read the full press release