AgriBank reports first quarter net income of just over $137 million, down from $146 million in the same period last year. Loan volume totaled nearly $93 billion, which is comparable to the previous quarter. Credit quality is strong with 98 percent of AgriBank’s loans classified as acceptable. In a news release, AgriBank said the farm sector’s declining working capital is a concern. Trade policy is seen as one of the biggest uncertainties. AgriBank said the new dairy provisions in the farm bill may help, but the dairy market remains “very challenged.”
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