Farm Credit System Reports 2023 Second Quarter and Six-Month Net Income

August 2, 2023

NEW YORK - The Farm Credit System today reported that combined net income decreased 1.4% to $1.78 billion and 1.7% to $3.51 billion for the three and six months ended June 30, 2023, as compared with net income of $1.81 billion and $3.57 billion for the same periods of the prior year.

“Despite a challenging external environment, the System recognized solid financial results for the first half of 2023,” remarked Tracey McCabe, President and CEO of the Federal Farm Credit Banks Funding Corporation.  “A strong balance sheet and seasoned underwriting professionals continue to position the System to support the needs of our member-borrowers.”

Read the full press release.