Farm Credit System 2016 Net Income
In February, the Farm Credit System reported combined net income of $4.8 billion for the year ended Dec. 31, 2016, as compared with $4.7 billion for the prior year. The System also reported combined net income of $1.3 billion for fourth quarter 2016, compared with $1.2 billion for fourth quarter 2015.
"The System continues to execute it's mission of lending to rural America despite headwinds arising from low prices for certain commodities," remarked Tracey McCabe, President and CEO of the Federal Farm Credit Banks Funding Corporation. "Credit quality remains solid and System institutions remain well capitalized."
Oklahoma AgCredit is part of the Farm Credit System that celebrated it's 100th year of providing reliable, consistent credit to rural America in 2016.