Farm Credit Services of America Announces 2015 Mid-Year Earnings
Aug 05, 2015
Farm Credit Services of America (FCSAmerica) reported net income of $236.7 million for the first six months of 2015. This compares to $238.8 million for the same period last year. Members’ equity increased to $4.2 billion from $4.0 billion at the end of 2014. Total assets at the end of June were $23.3 billion.
Farmland Values Continue to Moderate
Jul 27, 2015
The decline in farmland values that began in late 2013 has been widely reported, and many have looked for comparisons to the farmland crisis of the 1980s. But the two periods are distinctly different, says Mark Jensen, FCSAmerica’s chief risk officer. Read more to learn why.
Farm Credit Services of America Reports First Quarter 2015 Financial Results
May 01, 2015
Net income was $113.5 million compared to $121.5 million for the same quarter in 2014. The decrease in net income was due primarily to an increase in the provision for credit losses and noninterest expense, partially offset by an increase in net interest income and noninterest income.