News

FCS of Mid-America has strong 2011

Farm Credit Services of Mid-America reports strong financial results for 2011. Earnings were $278.6 million, up 30.2 percent from 2010, owned and managed assets of $18.4 billion were a 5 percent increase over 2010.

President and CEO, Bill Johnson says the strong farm economy has had an impact on the earnings of the association.

“The farm sector continues to be a bright spot in an otherwise unpredictable economy,” Johnson said. “That, coupled with the low interest rate environment, allowed us to offer competitive interest rates to customers on loans so they are able to grow their operations.”

Farm Credit Services of Mid-America serves customers in Ohio, Indiana, Kentucky and Tennessee.