Management’s Report on Internal Control Over Financial Reporting

Management’s Report on Internal MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTINGControl Over Financial Reporting

MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Fresno Madera Farm Credit’s principal executives and principal financial officers are responsible for establishing and maintaining adequate internal control over financial reporting for the Association’s Fresno Madera Farm Credit’s principal executives and principal financial officers are responsible for consolidated financial statements. For purposes of this report, “internal control over financial reporting” is establishing and maintaining adequate internal control over financial reporting for the Association’s defined as a process designed by, or under the supervision of the Association’s principal executives and consolidated financial statements. For purposes of this report, “internal control over financial reporting” is principal financial officers, and effected by its Board of Directors, management and other personnel, to defined as a process designed by, or under the supervision of the Association’s principal executives and provide reasonable assurance regarding the reliability of financial reporting and the preparation of the principal financial officers, and effected by its Board of Directors, management and other personnel, to consolidated financial statements for external purposes in accordance with accounting principles generally provide reasonable assurance regarding the reliability of financial reporting and the preparation of the accepted in the United States of America. consolidated financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.

Our internal control over financial reporting includes policies and procedures that: (1) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and Our internal control over financial reporting includes policies and procedures that: (1) pertain to the dispositions of the assets of the Association, (2) provide reasonable assurance that transactions are maintenance of records that in reasonable detail accurately and fairly reflect the transactions and recorded as necessary to permit preparation of financial information in accordance with accounting dispositions of the assets of the Association, (2) provide reasonable assurance that transactions are principles generally accepted in the United States of America, and that receipts and expenditures are being recorded as necessary to permit preparation of financial information in accordance with accounting made only in accordance with authorizations of management and directors of the Association, and principles generally accepted in the United States of America, and that receipts and expenditures are being (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, made only in accordance with authorizations of management and directors of the Association, and use or disposition of the Association’s assets that could have a material effect on its consolidated financial (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, statements. use or disposition of the Association’s assets that could have a material effect on its consolidated financial statements.

Management has completed an assessment of the effectiveness of internal control over financial reporting as of December 31, 2021. In making the assessment, management used the framework in Internal Management has completed an assessment of the effectiveness of internal control over financial reporting Control — Integrated Framework (2013), promulgated by the Committee of Sponsoring Organizations of as of December 31, 2021. In making the assessment, management used the framework in Internal the Treadway Commission, commonly referred to as the “COSO” criteria. Control — Integrated Framework (2013), promulgated by the Committee of Sponsoring Organizations of the Treadway Commission, commonly referred to as the “COSO” criteria.

Based on the assessment performed, the Association’s management concluded that as of December 31, 2021, the internal control over financial reporting was effective based upon the COSO criteria. Additionally, Based on the assessment performed, the Association’s management concluded that as of December 31, based on this assessment, the Association’s management determined that there were no material 2021, the internal control over financial reporting was effective based upon the COSO criteria. Additionally, weaknesses in the internal control over financial reporting as of December 31, 2021. based on this assessment, the Association’s management determined that there were no material weaknesses in the internal control over financial reporting as of December 31, 2021.

March 16, 2022 March 16, 2022

Keith Hesterberg, President and Chief Executive Officer Fresno Madera Farm Credit, ACA Fresno Madera PCA, FLCA

Joe Soto, Senior Vice President and Keith Hesterberg, President and Chief Financial Officer Chief Executive Officer Fresno Madera Farm Credit, ACA Fresno Madera Farm Credit, ACA Fresno Madera PCA, FLCA Fresno Madera PCA, FLCA Joe Soto, Senior Vice President and Chief Financial Officer Fresno Madera Farm Credit, ACA Fresno Madera PCA, FLCA