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Lone Star Ag Credit Reports Third Quarter Earnings

Lone Star Ag Credit, an agricultural and rural land lender headquartered in Fort Worth, saw earnings rise in the third quarter of 2016.

Lone Star, a member-owned cooperative, posted net income of $7.19 million and $21 million for the three months and nine months ended Sept. 30, 2016, respectively, which increased compared with the same periods of the prior year. The quality of the loan portfolio was remarkable, with 98.98 percent of total loans classified as acceptable or special mention.

"We thank our stockholder-members when we see our continued growth and report our income," said Troy Bussmeir, Lone Star's chief executive officer. "They, in turn, depend on Lone Star to be a stable lending institution for rural financing."

Part of the nationwide Farm Credit System, which is celebrating its 100th anniversary this year, Lone Star Ag Credit offers financing expertise and options for rural real estate, rural homes, agribusinesses, operating lines of credit, equipment and livestock.

Published November 9, 2016