Farm Credit Services Posts Higher Earnings

Sat., May 16, 1998

From Staff

Northwest Farm Credit Services Thursday announced first-quarter earnings of $15.3 million, up from $13 million for the first quarter of 1997.

The strong financial performance is due to increased customer relationships and the continued recovery of previously troubled credits, said Jay Penick, president and Chief Executive Officer of the lending agency.

Total capital in the association is up 10.1 percent to $344.5 million for the quarter ended March 31. Farm Credit Services provides financing and related services to farmers, ranchers, agribusinesses and others in Montana, Idaho, Oregon, Washington and Alaska.

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Farm Credit Services Posts Higher Earnings

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