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Farm Credit East reported solid 2023 financial results today, showing continued growth in loans coupled with strong earnings, which allowed Farm Credit East to distribute a combined $130 million in patronage dividends to eligible customer-owners based on 2023 earnings. 

FarmStart, a unique Farm Credit program that invests working capital in beginning Northeast agriculture, commercial fishing and forest products ventures showing promise of success, recently announced it has invested more than $17 million in startup agriculture, forestry and fishing businesses since 2006.

Farm Credit East reported solid 2022 financial results at its annual meeting held earlier this week. Continued growth in loans coupled with strong earnings allowed Farm Credit East to distribute a record $117 million in patronage dividends to eligible customer-owners based on 2022 earnings. 

The Farm Credit System today reported that combined net income increased 6.9% to $1.9 billion and 4.8% to $5.4 billion for the three and nine months ended September 30, 2022, as compared with net income of $1.8 billion and $5.2 billion for the same periods of the prior year.