Farm Credit System Reports First Quarter 2021 Combined Results

May 3, 2021

The Farm Credit System today reported that combined net income increased 18.2% to $1.7 billion for the first quarter of 2021, as compared with $1.4 billion for the same period of the prior year.

“The strong quarterly earnings are reflective of the current favorable agricultural economy and an improving economic outlook for the overall U.S. economy,” remarked Tracey McCabe, President and CEO of the Federal Farm Credit Banks Funding Corporation. “Our credit quality and capital levels have remained strong, while we continue to respond to the credit needs of our borrowers.” 

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