November 2, 2021

Financial Results

Farm Credit System Reports 2021 Third Quarter and Nine-Month Net Income

November 2, 2021

The Farm Credit System today reported combined net income of $1.8 billion and $5.2 billion for the three and nine months ended September 30, 2021, as compared with $1.6
billion and $4.4 billion for the same periods of the prior year.

“The System generated robust earnings in the third quarter reflecting the strong economic recovery despite the delta variant and supply chain disruptions,” remarked Tracey McCabe, President and CEO of the Federal Farm Credit Banks Funding Corporation. “Loan growth and solid credit quality drove profitability along with loan loss reversals as the outlook for agriculture has improved since mid-2020.” 

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Tags: financing