Lone Star Ag Credit Celebrates Centennial With Stockholders

Lone Star Ag Credit is celebrating the Farm Credit centennial with its 5,000-plus borrowers during customer appreciation dinners throughout the year. The Paris credit office recently hosted a customer appreciation dinner in honor of the 100 year milestone with a steak dinner. It was held Tuesday, June 7, 2016 at Heritage Hall in Paris.

The borrower-owned lending cooperative will host these dinners for each of its 16 branches across North and Central Texas. The events are one of the ways that Lone Star thanks its borrowers, who are also co-op members and owners.

Lone Star is one of the oldest lenders in the Farm Credit System, a nationwide network of lending cooperatives established in July 1916. The co-op has supported rural communities and agriculture with reliable credit since 1917, when a couple with a 300-acre farm in Grayson County borrowed $10,000 — the first Farm Credit loan in Texas.

Today Lone Star serves 48 Texas counties, providing financing for rural land, rural homes, agribusinesses, livestock, agricultural equipment and operating expenses. The lender also embraces the principles behind its cooperative structure, supporting education and community causes, overseeing the operation with a member-elected board, and sharing its earnings with its customers through its patronage program. This spring Lone Star distributed $12.8 million in patronage dividends to eligible borrowers.

"Farm Credit's 100 years has been filled with pride in American farming and ranching," said Barbara Golden, Paris credit office president. "Our association's foundation in agriculture is still true today."

paris appr 16

paris appr 16


paris appr 16

paris appr 16
paris appr 16
paris appr 16
paris appr 16


paris appr 16

paris appr 16
paris appr 16

paris appr 16

paris appr 16


paris appr 16


Published June 15, 2016