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AgSouth Farm Credit remains strong despite $3 million loss
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AgSouth Farm Credit, which has an office in Lugoff, had net earnings of $9.3 million during the third quarter of 2011. Year-to-date earnings for the customer-owned cooperative total nearly $26.4 million and were below 2010 earnings by approximately $3 million. “The decrease in earnings was the result of unusual circumstances occurring in 2010 that did not reoccur in 2011,” reported CEO Bill Spigener.