MidAtlantic Farm Credit, a members-owned cooperative association and part of the national Farm Credit System, announced its year-end financial results for 2018. Loan volume grew to $2.8 billion, an increase of approximately three percent compared to $2.7 billion in 2017. The association reported a net income of $67.9 million in 2018, down from $76.6 million in 2017. The association's portfolio quality overall remains very strong with acceptable credit quality at 96.9 percent for 2018. Throughout 2018, MidAtlantic Farm Credit distributed $37.8 million in cash through their patronage program.
MidAtlantic Farm Credit provides farm loans for land, equipment, livestock and production; crop insurance; and rural home mortgages. Headquartered in Westminster, the co-op has branches serving Delaware, Maryland, Pennsylvania, Virginia and West Virginia.