November 2, 2017

Northwest FCS News


Northwest Farm Credit Services Reports 2017 Third Quarter Earnings

SPOKANE, Wash. (Nov. 3, 2017) – Northwest Farm Credit Services, the Northwest’s leading agricultural lending cooperative, announced 2017 third quarter earnings of $67.8 million, compared to $62.7 million for the same quarter of 2016. Earnings for the nine months ended Sept. 30, 2017, were $187.8 million, a 4.9 percent increase, compared to $179.1 million for the same period last year. Total capital increased 5.0 percent during the year to $2.3 billion.

"Our continued growth and solid financial performance is a reflection of the overall health of our customers," said President and CEO Phil DiPofi. "Despite weather and market challenges in some areas, most Northwest agricultural, forestry and fisheries business owners we serve are performing well."

For more information about current market conditions, see  Northwest FCS Industry Insights.

About Northwest Farm Credit Services
Northwest FCS is an $11 billion financial cooperative providing financing and related services to farmers, ranchers, agribusinesses, commercial fishermen, timber producers, rural homeowners and crop insurance customers in Montana, Idaho, Oregon, Washington and Alaska. Northwest FCS is a member of the nationwide Farm Credit System that supports agriculture and rural communities with reliable, consistent credit and financial services.

Debra Strohmaier, Communications Specialist