Farm Credit Mid-America Condition and Performance

By:  Rae Ju, a Ph.D. student, Charles Smith, an undergraduate student, and Ani L. Katchova, Professor and Farm Income Enhancement Chair in the Department of Agricultural, Environmental, and Development Economics at The Ohio State University.

Click here to access the pdf version of the report.

  • Farm Credit Mid-America (FCMA) is an important agricultural credit institution in the Farm Credit System, providing agricultural loans, insurance, and leasing to the agricultural sector.
  • FCMA’s total loan portfolio consisted of several types of loans: 62.9% of real estate mortgage loans, followed by 17.4% of production and intermediate loans and 12.2% of agribusiness loans in 2022.
  • FCMA’s total percentage of risk loans fell from 1.66% in 2017 to 0.81% in 2022.
  • FCMA’s net interest income continuously increased, reaching $615 million in 2022, aligning with an upward trend in net income that reached $457 million in 2022.
  • FCMA’s net interest margin remained relatively stable, remaining at 2.2% from 2018 to 2020, with a slight decline to 2.1% in 2021 and remained the same in 2022.

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