Farm Credit Services
earnings up in first half of year
By JERRY PERKINS
Des Moines Register -
August 4, 2008
Farm Credit Services of America, an Omaha-based agricultural
lender, reported $99 million in net earnings during the first six months of
2008, compared to $84.5 million for the same period a year ago.
The increased earnings came from an increase in net interest
income from larger loan volume that rose to $13.6 billion, an increase of $1.4
billion from year-end.
Doug Stark, president of Farm Credit Services of America,
said the current agricultural environment requires significant capital to meet
the demand of higher land prices, increasing input costs and commodity
marketing strategies.
“Fortunately we have the financial strength and capacity to
meet the escalating financial needs of our customers,” Stark said.
Farm Credit Services lends to 73,000 borrowers in
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