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Source: Federal Farm Credit Banks news release

To view the complete report, click here.

The Farm Credit System today reported combined net income of $4.640 billion for the year ended December 31, 2013, as compared with $4.118 billion for the prior year.

The System also reported combined net income of $1.141 billion for the fourth quarter of 2013, as compared with $960 million for the fourth quarter of 2012.

"Strong global and domestic demand for U.S. agricultural products continued throughout 2013, enhancing the earnings of agricultural producers and contributing to solid earnings recognized by the System," remarked Tracey McCabe, President and CEO of the Federal Farm Credit Banks Funding Corporation.

"Credit quality indicators continued to improve and reflect a sound System loan portfolio. Capitalization remains strong and the System is well positioned to withstand adverse changes that may arise in future agricultural economic conditions."

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