Farm banks report solid growth

Farm banks report solid growth

FARM lenders posted solid growth and earnings during 2015, according to the 2015 "Farm Bank Performance Report" published by the American Bankers Assn. (ABA). Total farm loans at farm banks increased 7.9% to $100.3 billion in 2015, up from $94.6 billion in 2014.

Farm banks reported total net income of $4.4 billion. More than 97% of all farm banks were profitable in 2015, while 63% reported an increase in earnings compared to a year earlier.

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