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Strong second quarter earnings for AgSouth
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AgSouth Farm Credit recently reported second quarter earnings totaling $11.09 million, bringing year-to-date income, as of June 30, for the cooperative to $21.5 million. This compares to $9.0 million for the second quarter of 2011 and $17.07 million year-to-date on June 30, 2011. “Earnings as of June 30, 2012, are significant,” AgSouth CEO Bill Spigener said, “and the association is poised to generate record profits in 2012.