Newsroom

The Farm Credit System today reported combined net income of $6.8 billion for the year ended December 31, 2021, as compared with $6.0 billion for the prior year. The System’s combined net income was relatively unchanged at $1.6 billion for the fourth quarter of 2021, as compared with the fourth quarter of 2020.

The Farm Credit Northeast AgEnhancement Program, a joint effort of Farm Credit East and CoBank, recently provided over $60,000 in grant funding to 17 organizations to assist their efforts to support young and beginning farmer initiatives, encourage youth leadership development, promote diversity equity and inclusion and advance northeast agriculture, forestry and commercial fishing.

2021 was a remarkable year for the nursery, sod and greenhouse industries. After initial disruptions due to the COVID-19 pandemic, customer demand for lawn and garden products surged, and sales were generally up overall for the green industry. Dr. Charlie Hall, of Texas A&M University, gave an overview of the Green Industry outlook for 2022.

Farm Credit East hosted a webinar on Wednesday, February 9, that provided a recap of 2021 corn and soybean markets, as well as a look forward to 2022 markets.