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Annual Report Shows Strong Financial Performance
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GreenStone's 2017 Annual Report highlights record-level earnings powered by internal efficiencies and a diverse loan portfolio.​

GreenStone Annual Report Shows Strong Financial Performance in 2017​

GreenStone Farm Credit Services has released its 2017 Annual Report. The report highlights the record-level earnings the association experienced in 2017, powered by internal efficiencies and a diverse loan portfolio.

“The ongoing weak agricultural economy continues to challenge everyone involved in the agriculture industry, requiring tough decisions and a sharp focus on long-term business goals. At GreenStone, we too are challenged with keeping the discipline to stay true to our mission and adhering to our long-term goals and objectives. By doing so, and working together with our members, we were able to post a solid financial performance again this year,” says Dave Armstrong, GreenStone CEO and president.

Based on the 2017 earnings, the GreenStone board of directors announced a record patronage payment of $50 million to members distributed in March. This year’s payment brings the total patronage paid to our member-owners to $318 million since the program’s inception in 2005. 

Other financial highlights in this year’s report include:
Net Income: $151.7 million
Total Assets: $8.5 billion
Total Loan Growth: 4.7 percent
Patronage Paid: $50 million

“The strong financial position outlined in the report is an indication of the importance of having a financial partner with a stable balance sheet, allowing us some flexibility when working with our members through difficult times,” Armstrong says. 

The report can be viewed and downloaded on the association’s website, www.greenstonefcs.com​.