National Ag News
Farm Credit Mid-America reports first quarter earnings
Jun 1, 2017, 15:37 PM
by
System
Despite a continued down economy, Farm Credit Mid-America reported a stable performance in the first quarter this year. The cooperative reports net income reached nearly $85 million, an increase of $4.75 million from year-end 2016; total members’ equity increased to $73.6 million; and total loan volume is down more than $230 million to just over $20 billion. However, the credit quality of its portfolio did decline slightly and adversely classified loans increased to just under 4 percent.
Continue reading Farm Credit Mid-America reports first quarter earnings at Brownfield Ag News.
