AgriBank is reporting first quarter net income of $207 million. That’s up from $181 million the same quarter last year. Loan volume is over $134 billion, an increase of $580 million from the most recent quarter. While working capital on the farm is expected to decline this year, AgriBank said many farmers are still dealing with favorable working capital. AgriBank serves 15 states, including Minnesota, North Dakota and South Dakota.
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