Farm Credit System Reports Net Income of $7.8 Billion for 2024

February 21, 2025

NEW YORK - The Farm Credit System today reported combined net income of $7.80 billion for the year ended December 31, 2024, as compared with $7.45 billion for the prior year.  The System also reported combined net income of $1.89 billion for the fourth quarter of 2024, as compared with $1.94 billion for the fourth quarter of 2023.

“Credit quality remained strong, despite challenging economic conditions in certain agricultural sectors,” remarked Tracey McCabe, President and CEO of the Federal Farm Credit Banks Funding Corporation. “While we anticipate 2025 to unfold as a more difficult agricultural environment, the System’s diversified asset portfolio, conservative balance sheet, and strong underwriting standards position us well to continue to serve our mission and meet challenges that may arise.”