Advertise Here

Office Hours

Northwest Farm Credit reports 3Q profit

Northwest Farm Credit Services, the Northwest’s largest farm lending cooperative, reported a $45.8 million third quarter profit.

Good crop yields and high prices continued to make agriculture a bright spot in an otherwise dull economy.

The results compared to a $41 million profit for the same three-month span in 2010.

Earnings for the first nine months of this year total $117.4 million.

Northwest Farm Credit announced slight increases in loan volumes. The third quarter report also showed the lender had fewer problem loans than last year.

CEO Phil DiPofi said in a press statement that Northwest Farm Credit expected to make a “significant patronage return to our owner-customers in early 2012.”

Northwest Farm Credit offers financing and crop insurance to people and businesses involved in farming, ranching, timber, fishing along with rural homeowners in Washington, Oregon, Idaho, Montana and Alaska.

Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Office Hours

Get blog updates by email

About this blog

The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

Sign up for our business email newsletter
Latest comments »

Read all the posts from recent conversations on Office Hours.


Alison Boggs (@alisonboggs) Online Producer Alison Boggs posts and manages content on and its social networking accounts.

Recent work by Alison

Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.

Addy Hatch is the city editor, and formerly was business editor.

Search this blog
Subscribe to this blog
Advertise Here