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9 MONTHS: FARM CREDIT SYSTEM REPORTS NET INCOME UP 10%
Source: Farm Credit System news release

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The Farm Credit System today reported combined net income of $1.253 billion and $3.499 billion for the three and nine months ended September 30, 2013, as compared with combined net income of $1.039 billion and $3.158 billion for the same periods last year.

"The System continued to report solid earnings due to the overall strength in the agricultural sector that has been sustained over the past few years," remarked Tracey McCabe, President and CEO of the Federal Farm Credit Banks Funding Corporation.

"Credit quality indicators continued to improve and reflect a healthy System loan portfolio. Capitalization remains strong and the System is well positioned to meet credit stress that may arise from future adverse agricultural economic events."


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