Service to Northeast Agriculture
Farm Credit East is a customer-owned lender and financial services leader committed to serving Northeast agriculture, commercial fishing and forest products industries in our eight-state region, including, Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, New York, New Jersey and Vermont.
About Our Business
Farm Credit East is committed to supporting the financial needs of the agriculture and related industries in the eight Northeast states we serve.
Farm Credit East is the largest lender to Northeast agriculture, with more than 75% market share of commercial farm lending.
We have a dedicated staff of 550 agricultural specialists, each with expertise in the unique characteristics of Northeast agricultural industries.
We are part of the Farm Credit System, a nationwide network of cooperative lending associations dedicated to serving the borrowing needs of U.S. agriculture and its rural economy.
Association Highlights
loan volume
paid in patronage dividends on 2023 earnings
This included $120 million in planned patronage and a one-time $10 million special patronage distribution based on 2023's outstanding financial results.
customers across eight-state territory
Agriculture Industry Portfolio
Strong commitment to the future of Northeast agriculture
For more than 100 years, Farm Credit East has been a partner to Northeast agriculture, commercial fishing and forest products. It is our foundational belief that being a true partner goes beyond business, and means supporting our customers and future producers, the industries they are part of and the rural communities they call home.
A unique Northeast initiative providing working capital to startup agricultural operations.
Management and business seminars to advance the next generation of producers.
Our AgEnhancement program has provided over $3.1 million in grants for youth programs, agricultural development, and programs that promote diversity and inclusion.
This award recognizes innovative and transformational efforts to revitalize Northeast rural communities.
State Agriculture Profiles
Connecticut Agriculture
- $920 million in loan commitments.
- $5.1 million paid in patronage dividends in 2024.
- 1,060 customers across Connecticut.
Maine Agriculture
- $1.4 billion in loan commitments.
- $11.5 million paid in patronage dividends in 2024.
- 920 customers across Maine.
Massachusetts Agriculture
- $821 million in loan commitments.
- $6.7 million paid in patronage dividends in 2024.
- 1,095 customers across Massachusetts.
New Hampshire Agriculture
- $650 million in loan commitments.
- $2.4 million paid in patronage dividends in 2024.
- 530 customers across New Hampshire.
New Jersey Agriculture
- $1.4 billion in loan commitments.
- $10.6 million paid in patronage dividends in 2024.
- 1,850 customers across New Jersey.
New York Agriculture
- $7 billion in loan commitments.
- $52.5 million paid in patronage dividends in 2024.
- 11,250 customers across New York.
Rhode Island Agriculture
- $117 million in loan commitments.
- $944,500 paid in patronage dividends in 2024.
- 230 customers across Rhode Island.
Vermont Agriculture
- $650 million in loan commitments.
- $6.5 million paid in patronage dividends in 2024.
- 750 customers across Vermont.
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