Farm Credit Mid-America’s Total Assets Reach $22.8 Billion in 2017

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Strong financial performance allows financial cooperative to give back to customers.

03.27.18    |    News Stories
Louisville, Ky. (March 27, 2018) – Farm Credit Mid-America reports strong financial performance in 2017, despite relative uncertainty in the agricultural economy. Total assets reached $22.8 billion, net income for the Association increased to $378.8 million and return on average assets after tax increased from 1.3% in 2016 to 1.7% in 2017.  

These numbers illustrate resilience in a cyclical industry. “2017 demonstrated the fact that agriculture in America is evolving in order to thrive and Farm Credit Mid-America is playing a large role in this transformation,” said Bill Johnson, president and CEO of Farm Credit. “As this industry advances, we remain committed to being a source of dependable credit, a knowledgeable resource and a proud investor in the future of agriculture.”  

Last year’s financial performance has allowed the Association to continue giving back to its customers through the Patronage Program. Through this program, Farm Credit will give a total of $87.9 million back to its customers in 2018. This is an increase of 216% over last year.

During the past year, Farm Credit enhanced the Growing Forward Program, which features curriculum to help young and beginning farmers increase their knowledge of farm profitability and performance. The Association also held its second Insights Conference to share perspectives on business, leadership and agriculture to current customers. These measures help farmers adapt to an evolving industry and remain successful in the long-term.

“We are dedicated to working with our customers to build a strong and secure future for agriculture and rural communities,” stated Johnson. “As we continue into 2018, Farm Credit Mid-America is committed to standing strong with our customers, today and tomorrow.”  

For full financial results, see the Farm Credit 2017 Annual Report.    
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About Farm Credit Mid-America
Farm Credit Mid-America is a financial services cooperative and has served the credit needs of farmers and rural residents across Indiana, Ohio, Kentucky and Tennessee for over a century. Backed by the strength of nearly 100,000 customers and $22 billion in assets, Farm Credit Mid-America provides loans for real estate, operating, equipment, housing and related services such as crop insurance, and vehicle, equipment and building leases. For more information, call 1-800-444-FARM or visit www.e-farmcredit.com.     

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