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.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
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 Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.