Farm Credit assets top $407B

Aug. 20, 2021

Farm Credit System assets rose to more than $407 billion during the second quarter from nearly $385 billion the same time last year, according to Farm Credit Administration data.

Data: The year-to-date indicators also show higher net interest income, growing loan-loss provisions, and higher net income from a year ago.

Grassroots: ICBA continues encouraging community bankers to use ICBA’s Be Heard grassroots alert urging congressional support for legislation to exempt from taxation interest income on community banks’ farm real estate and rural mortgage loans.