FARM CREDIT SYSTEM REPORTS 2022 SECOND QUARTER AND SIX-MONTH NET INCOME

August 2, 2022

The Farm Credit System today reported that combined net income increased 3.5% to $1.8 billion and 3.7% to $3.6 billion for the three and six months ended June 30, 2022, as compared with net income of $1.7 billion and $3.4 billion for the same periods of the prior year.

“The System reported another quarter of solid financial performance,” remarked Tracey McCabe, President and CEO of the Federal Farm Credit Banks Funding Corporation. “Continued loan growth, sound credit quality and solid capital levels position the System to support U.S. agriculture in the current volatile economic and geopolitical environment.”

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