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Lone Star Ag Credit Stockholders Participate in

2016 Farm Credit Young Leaders Program

Scott and Stacey Schumacher of Era, Texas, recently saw firsthand how Farm Credit's cooperative structure and unique funding mechanism enable it to help rural communities and agriculture thrive. The Schumachers, member-borrowers of Lone Star Ag Credit, were among 22 agricultural producers who attended the 2016 Farm Credit Young Leaders Program in New York City and Washington, D.C.

Scott and Stacey Schumacher presented with leadership award.

The 11th annual program began with visits to a Wall Street brokerage firm and the Federal Farm Credit Banks Funding Corporation. There the group learnedhow the sale of highly rated Farm Credit notes and bonds to investors provides a steady stream of funding that local lending cooperatives put to work in rural communities. Nationwide, Farm Credit provides more than $242 billion in financing to farmers, ranchers, rural homeowners, agribusinesses and other eligible borrowers.

"Helping agricultural producers of all ages and experience levels be successful in a complex and capital-intensive business is an important part of Farm Credit's mission," said Stan Ray, president of the Tenth District Farm Credit Council, which hosts the Young Leaders Program. "These impressive participants were chosen by their local lenders for this opportunity to learn about Farm Credit and discuss policy issues that are important to farmers and ranchers."

Scott Schumacher is a fourth-generation farmer who runs a commercial and registered Angus cattle operation and owns a custom agricultural chemical application company. Stacey Schumacher is the founder and executive director of the Texas Coalition for Animal Protection, a nonprofit that offers low cost pet sterilization and vaccinations at clinics across the Dallas–Fort Worth area. The couple has one son.

"We were pleased to have the Schumachers represent Lone Star Ag Credit at this year's Farm Credit Young Leaders Program. Scott and Stacey embody the hard work and entrepreneurial spirit that we look for in our customers and as leaders in our agricultural community," said Craig Hartman, vice president and branch manager at Lone Star's Denton credit office.

This year marks the centennial of the Farm Credit System, a nationwide network of borrower-owned lending cooperatives that support rural communities and agriculture. The Tenth District Farm Credit Council is the regional member of the national Farm Credit Council, the trade association that works on behalf of System institutions and member-owners.

Lone Star Ag Credit is headquartered in Fort Worth and has credit offices in Abilene, Cleburne, Corsicana, Denton, Fort Worth, Hillsboro, Lampasas, New Boston, Paris, Round Rock, Sherman, Stephenville, Sweetwater, Temple, Waco and Weatherford.

Published December 13, 2016