"Where Fillmore County News Comes First"
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AgStar Financial Services Posts Solid First Quarter Performance


Mon, May 10th, 2010
Posted in Business Announcements

MANKATO, Minn. (May 10, 2010) - AgStar Financial Services, a value-added financial services company owned by its client-stockholders, reported net earnings for first quarter ending March 31, 2010. The company recorded a solid performance, with net after-tax earnings of $18 million. Last year's same quarter earnings were posted at $9 million. The strong results are primarily due to a reduction in provision expenses and improved economics across the agriculture industry. In addition, net income was positively impacted by AgStar's share of premium refunds offered by the Farm Credit System Insurance Corporation.

"As anticipated, the economics and balance sheets in the grain industry remain strong. Ethanol remains profitable and the dynamics of the swine industry have improved over the past several months," stated Paul DeBriyn, President and CEO of AgStar Financial Services. "However, we continued to see challenges in the dairy industry during the first quarter as our dairy producers have been plagued by low milk prices."

AgStar's gains from core operations also remain strong and are reported at $22.8 million. Net interest income is nearly 7% ahead of last year's pace through the first quarter. In addition, company revenues were boosted by solid loan fee income, crop insurance commissions, and tax service revenue.

"Serving our valued clients and stockholders remains our top priority," said DeBriyn. AgStar's client satisfaction and client loyalty results continue to be very strong. "We are committed to providing clients with the industry expertise and unparalleled service they expect from AgStar," stated DeBriyn. The company's capital position is well above regulatory minimums and availability of funding is readily accessible for new loans to support AgStar's core business. "We remain profitable because we have upheld disciplined credit practices and we're proud to have a strong, committed team in place to serve our client-stockholders," noted DeBriyn.

About AgStar:

AgStar Financial Services, ACA, headquartered in Mankato, Minn., employs nearly 600 full-time team members. The company is part of the national Farm Credit System and has a public mission to serve 69 counties in Minnesota and northwest Wisconsin. The company has expertise in the corn, soybean, swine, dairy and bio-energy industries. AgStar has developed successful programs in loans, leases, crop insurance, tax services, accounting, consulting and rural home mort .....
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CANTON, CALEDONIA, HENRYTOWN, SPRING GROVE AND RICEFORD AREAS EXPERIENCE POWER OUTAGES

Fri, May 7th, 2010
Posted in Business Announcements

Rushford, MN (10:20 a.m. May 7, 2010)- Tri-County Electric Cooperative (TEC) members in areas of Canton, Caledonia, Henrytown, Spring Grove and Riceford began experiencing power outages around 9:30 a.m. As of 10:15 a.m. all power has been restored.[Read the Rest]

100 year celebration of Boy Scouts

Fri, May 7th, 2010
Posted in Business Announcements

Calling All Scouts! Calling All Scouts! Preston Boy Scout Troop 67 is making plans for the 100 Year Celebration of Boy Scouts, in conjunction with Preston Trout Days on May 15th, 2010. We will begin the day with a (somewhat) formal presentation on t ..... 
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Sheriff Daryl Jensen announces candidacy

Fri, May 7th, 2010
Posted in Business Announcements

Sheriff Daryl Jensen announced his candidacy this week for his second term as Fillmore County sheriff. The Fillmore County Board of Commissioners appointed Jensen sheriff in April of 2005 and Jensen was elected in November 2006.

Jensen start ..... 
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The Old Barn Resort is having a BARNiversary, Preston, Minnesota

Tue, May 4th, 2010
Posted in Business Announcements

HAPPY 20th SEASON for the Resort!!!

HAPPY 125th Birthday to the Barn!!!

Doug Brenna and Shirley Endres, originally from small towns around the Minneapolis/St. Paul area, purchased the property in late 1996 and have continued to take the ..... 
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HOUSE MOVE NEAR HARMONY TO CAUSE POWER OUTAGES MAY 10

Tue, May 4th, 2010
Posted in Business Announcements

Rushford, MN (2:40 p.m. May 4, 2010)- A house move scheduled for Monday, May 10 in areas north and west of Harmony will cause brief power outages to Tri-County Electric Cooperative (TEC) members along the route between 9 a.m. to 11 a.m.


< ..... 
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Search for Mrs. Fillmore County Announced

Mon, May 3rd, 2010
Posted in Business Announcements

Applications are being accepted for the title of Mrs. Fillmore County!

Mrs. Fillmore County will have the honor of representing her county at the Mrs. Minnesota pageant, which will be held at "Ritsche Auditorium", March 12th & 13th, 2011 in th ..... 
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Alliant Energy seeks cost recovery for its investments in Minnesota's clean energy future

Mon, May 3rd, 2010
Posted in Business Announcements

Albert Lea, Minnesota - May 3, 2010 - Interstate Power and Light Company (IPL), a subsidiary of Alliant Energy Corporation (NYSE: LNT), will file later this week a request with the Minnesota Public Utilities Commission (MPUC) to increase its Minnesot ..... 
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Sign a 2x4 and help build homes in Fillmore County!

Mon, May 3rd, 2010
Posted in Business Announcements

RUSHFORD, Minn. - This week you will start to see green painted 2x4s around the county to raise awareness and funds for the Habitat for Humanity twin home being built in Rushford. Let's surround these two families with boards of support from the comm ..... 
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