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Farm Credit Canada loan losses increase

A look at the FCC's financials
farmers in field silhouette

Net income for Farm Credit Canada increased 2.7 per cent in the nine months ended December 31.

The federal crown corporation posted $503.5 million profit for the period.

For the last three months of the year profit was $157.2 million, up from $124.5 million for the same quarter in 2017.

Credit loss provisions for the nine-month period increased 160 per cent to $72.2 million.

Loan growth, 7.3 per cent to $36.32 billion, was less than the 8.3 per cent in 2017.

Assets increased 7.4 per cent to $37.8 billion

Return on assets for the nine months was 1.33 per cent compared with 1.38 per cent in 2017.

Ron Walter can be reached at

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