St. Paul-based AgriBank reports first quarter net income of $193 million. That compares to $223 million in the same quarter last year. At the end of March, AgriBank had nearly $111 billion out in total loans, and increase of more than $1 billion from December. The increase is attributed to a growth in real estate loans. AgriBank offered a positive outlook for the farm economy, helped by supportive market fundamentals. However, market volatility is also in AgriBank’s forecast.
