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Tax breaks, non-farm lending boost FCS profits in 2001

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  • Ely, Bert

Abstract

Overall, the Farm Credit System performed quite well financially in 2001, as it should have, considering its favorable tax and credit status and its tilt toward lending the US' larger, older, and wealthier farmers. The FCS' equity capital ratio rose again, to 15.8% from 15.3% at the end of 2000, while the FCS' pre-tax at the end of 2000, while the FCS' pre-tax profits rose 17.3%, due to asset growth - 7.2% - and a 17-basis-point increase in its net interest spread from 1.79% in 2000 to 2.06% last year.

Suggested Citation

  • Ely, Bert, 2002. "Tax breaks, non-farm lending boost FCS profits in 2001," American Bankers Association, American Bankers Association > Journal of Agricultural Lending, vol. 15(4).
    • Handle: RePEc:ags:abajal:336636
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    File URL: https://ageconsearch.umn.edu/record/336636/files/ers2022-23-0594.pdf
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