St. Paul-based AgriBank reports third quarter net income of $159 million. That’s down from $174 million one year ago. Credit quality remains strong with over 99 percent of its loans classified as acceptable. That’s up 1.2 percent from the end of 2019. AgriBank officials said the farm outlook remains uncertain due to the pandemic. USDA is forecasting 2020 net farm income at nearly $103 billion. If realized, that would be the highest farm income levels since 2013.
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