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FARM CREDIT SYSTEM REPORTS STRONG FINANCIAL RESULTS
Source: Farm Credit Administration Board news release

The Farm Credit Administration Board today received a quarterly report on the condition of the Farm Credit System. According to the report, the System's financial results are strong, with total net income and capital levels up in 2013.

Portfolio loan growth was modest at 4.8 percent, and credit quality measures were strong and continued to improve.

Overall, the System is fundamentally safe and sound and is well-positioned for the challenges facing agriculture.
While the farm economy remains healthy, farm sector net cash income is expected to be down in 2014.

Lower grain prices have helped boost profitability in the protein and dairy sectors, but crop producers face tighter margins.

Because of lower crop prices, the market for farmland has also cooled, particularly in the Midwest.

Other concerns include persistent drought conditions in California and the spread of porcine epidemic diarrhea virus in the hog sector.


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