Net income for the company during the first quarter ended March 31, 2016, increased $0.6 million to $124.4 million. Net interest income increased to $140.6 million for the quarter.
St. Paul-based AgriBank announced financial results for the fourth-quarter and full-year 2015 with strong net income and credit quality, and robust liquidity and capital.
While they may have cut back on their capital expenditures, most U.S. farmers remain in good overall financial shape through the first half of the year. In fact, farmers entered 2015 in perhaps its strongest financial condition in over 50 years, according to AgriBank of St. Paul, Minn.
According to AgriBank's Insights newsletter, the current market conditions and resulting long-run forecasts suggest we are in the beginning of a down cycle in economic returns primarily for crop production, the largest segment of agriculture across the 15-state AgriBank District.
Jay Dahl, Welding/Fabrication-Sales at Calmer Corn Heads, introduces Calmer Corn Heads' 12-Row, 30-Inch corn head and explains the advantages of using the 10-Blade BT Chopper Chopping Roll for combining corn. He also talks about the adjustments they made on the corn head when combining downed corn after the August 2020 wind storms.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Montag Mfg., we specialize in fertilizer equipment. Our complete fertilizer application system will help you start reaping the benefits of deep band fertilizer.
Machinery Scope offers premier risk management tools for farm equipment. We provide timely, personalized, and flexible solutions to protect more farm equipment investments than anyone in the industry. We add value and peace of mind when you are buying, selling, or managing your farm equipment by offering extended warranty plans.