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HOME :: RESEARCH :: CREDIT :: NEWS:: MAY 2008

Farm Credit Reports Strong First Quarter Earnings


Farm Credit Services of Mid-America, an agricultural lender serving farmers throughout Kentucky, Ohio, Indiana and Tennessee, has released their first quarter results exhibiting unprecedented growth the first three months of the year. The agriculture cooperative announced first quarter earnings of $43.4 million, a 14% increase over the same period in 2007 and portfolio growth of 18.4%. “While weakness in the economy and disruptions in the capital markets have taken their toll on many banks’ performance, Farm Credit continues to see good, strong growth,” said Donnie Winters, president and chief executive officer. “In just over four years, our total assets have almost doubled to $13.8 billion.”

Winters attributes the growth to a number of organizational strategies, including portfolio diversification, a broad array of product offerings, quality loan standards and continued attention to strong customer service with responsible lending practices.

read entire article on Hoosier Ag Today

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