farm credit

The Farm Credit System reported that combined net income increased 3.5% to $1.8 billion and 3.6% to $3.6 billion for the first three and six months of 2022, respectively.  That compares with net incomes of $1.7 billion and $3.4 billion at the same time in 2021. “...

A recent presentation shows Farm Credit institutions increased their support of the young, beginning, and small farmers and ranchers across the country in 2019. “Farm Credit grew and strengthened its commitment to young, beginning, and small farmers and ranchers in 2019 despite the challenges of continued low commodity prices, severe weather events, and an uncertain trade outlook,” says Farm Credi

Rural entrepreneurs have until the middle of next month to apply for the Farm Bureau Ag Innovation Challenge.  The American Farm Bureau Federation, in partnership with Farm Credit, will accept applications for the 2020 Farm Bureau Ag Innovation Challenge through October 14th.  ...

Earlier this week, the Farm Credit System reported combined net income of $5.3 billion for 2018, as compared with $5.2 billion for the prior year.  The system also reported combined net income of $1.3 billion for the fourth quarter of 2018, as compared with $1.5 bi...

Farm income and credit conditions continued to weaken in the first quarter of 2018, but at a slower pace than in previous quarters.   According to the Tenth District Survey of Agricultural Credit Conditions, compiled by the Kansas City Federal Reserve Bank, reduced farm income contributed to intensifying cash-flow concerns and tightening lending standards.  Cash-fl...

Combined net income for the Farm Credit System increased 1.8 percent to $1.27 billion for the first quarter of 2018, as compared with $1.24 billion for the same period last year. President and CEO of the Federal Farm Credit Banks Funding Corporation Tracey McCabe says the system remains “well-positioned” to support farmers as they face challenges this year. Net intere...

Chairman and CEO of the Farm Credit Administration Dallas Tonsager says it’s important that the farm credit system lenders work with producers impacted by Hurricane Harvey.   FCA Board Policy Statement 71 was adopted in 2011 and Tonsager it helps “System institutions to have considerable flexibility under existing FCA regulations to provide disaster relief.”   Some e...

Concerns over low commodity prices have hurt not only the farmer, but the farm lending industry as well.   Nathan Kaufman of the Federal Reserve Bank spoke to a Senate Ag Committee last week.   “Alongside the reductions in farm income the past four years, agricultural credit conditions have weakened steadily and farm real estate values have trended lower.”   Profi...

The farm credit system is financially sound and able to handle loan money to farmers, but are producers in positions to borrow it?   Dallas Tonsager, CEO of Farm Credit Administration said he has concerns.   “Debt to asset levels are rising while net farm income is declining and crop prices are expected to remain weak.”   Many ...

Loan delinquencies and other signs of repayment problems are expected to increase in 2017 among farmers and ranchers.  Politico’s Morning Agriculture Report says in spite of that, the farm credit system should be able to weather the downturn in the Ag economy.  That was...