AGRILAND FARM CREDIT REPORTS ANOTHER GREAT YEAR by Diditfit

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									NEWS RELEASE
FOR IMMEDIATE RELEASE                          For more information, contact
May 12, 2008                                   Kimberley King, Marketing Director
                                               (903) 593-0151


          AgriLand Reports Strong Loan Growth for the First Quarter
TYLER, Texas – AgriLand Farm Credit, ACA, a local rural financing cooperative, recently
reported strong loan growth and earnings for the first quarter of 2008.
       Loan volume for the quarter increased by 4.5 percent from $337.4 million reported at
December 31, 2007, to $352.7 million at March 31, 2008. This is a 7.5 percent growth from a
year earlier, when loan volume totaled $327 million.
       Net income for the first three months of 2008 was $573,000, which includes a large
provision for loan losses, which offsets final net earnings. First quarter earnings were down from
the first quarter of 2007, due to a provision established on a large participation loan.
       “In April, AgriLand distributed $3.9 million in patronage to customers based on 2007
earnings. Since 1994, we have distributed a portion of our earnings as patronage. This is a
tradition that we value as a customer-owned cooperative, and which we are committed to
continuing,” said AgriLand CEO Roger Brist.
       Headquartered in Tyler with 10 branch offices throughout East and Northeast Texas,
AgriLand is the largest Farm Credit lending cooperative serving this region. Lending offices are
located in Athens, Bonham, Clarksville, Fairfield, Gainesville, Nacogdoches, Paris, Sulphur
Springs, Tyler and Beaumont.
       AgriLand finances farms and ranches, land real estate, country homes, equipment
purchases, agribusiness firms, and agricultural and livestock operations.
       For more information, contact AgriLand’s lending offices at 1-800-749-7821 or visit
www.agriland.com.


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