Farm Credit System Reports 2019 Second Quarter and Six-Month Net Income

August 2, 2019

The Farm Credit System reported combined net income of $1.4 billion and $2.7 billion for the three and six months ended June 30, 2019, as compared with net income of  $1.4 billion and $2.6 billion for the same periods of the prior year.

“Notwithstanding the many challenges faced by our member-borrowers, including uncertainties around trade policies, excessive rains and another year of reduced farm income, the overall credit quality of the System’s loan portfolio remained relatively stable,” remarked Tracey McCabe, President and CEO of the Federal Farm Credit Banks Funding Corporation. “The System remains committed to supporting rural communities and agriculture in all market environments. Continued strong capital levels position us well to execute on our mission.”

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