Newsroom & Financials

CoBank is a cooperatively organized financial services institution capitalized primarily by eligible borrowers, who earn equity over time commensurate with the amount of business they do with the organization. We are also capitalized by our preferred stockholders.

CoBank does not have publicly traded common stock and is not a registrant with the Securities and Exchange Commission. However, as a regulated member of the Farm Credit System, the bank releases its financial results on a quarterly basis, similar to a public company. Our financial statements are designed to provide customer-owners and other stakeholders with an accurate, transparent view of CoBank’s ongoing financial performance.

For copies of previously issued news releases, financial statements and bank publications, please click on the links at right.

Year-end Earnings Webcast Information:
CoBank held a conference call and webcast on Tuesday, March 7, 2017 to discuss year-end financial results. The call featured remarks from CoBank Chief Executive Officer Tom Halverson, Chief Financial Officer David Burlage and Board Chairman Everett Dobrinski. A recording of the webcast can be accessed here.


Recent News

  • Bloomberg: U.S. Agriculture 'Vulnerable' Amid Trade Risks Farm Lender Says

    Posted 5/9/2017

    By Shruti Date Singh

    U.S. agriculture is in a worse position than it was just a few years ago to withstand the effects of losing access to a big export market, according to one farm lender, who cited the risks from rising trade tensions.

    “We are already in a vulnerable position,” Tom Halverson, chief executive officer of Greenwood Village, Colorado-based CoBank ACB, said in an interview. “We hope, trust and believe that we will not intentionally or inadvertently step into a dispute that damages our access to those markets.”

    President Donald Trump has taken the U.S. out of the Trans-Pacific Partnership and talked of withdrawing from or renegotiating the North American Free Trade Agreement. His claims that Mexico is gaining an unfair advantage from Nafta has prompted the country to make overtures to Brazil and Argentina about securing farm supplies as an alternative to U.S. imports.

  • CoBank Reports 2017 First Quarter Financial Results

    Posted 5/4/2017

    CoBank today announced financial results for the first quarter of 2017. Net income for the quarter rose 8 percent to $262.8 million, primarily driven by higher net interest income and noninterest income, partially offset by a higher provision for loan losses and increased operating expenses. Net interest income for the quarter increased 6 percent to $356.1 million, from $336.9 million in the same period last year, primarily due to higher average loan volume.

  • Consumer Demand Drives Organic Milk Industry Expansion

    Posted 4/11/2017

    Despite the current excess supply environment, rising demand points to a bright future for the U.S. organic milk industry, leading a record number of dairies to transition to organic milk production according to a new report from CoBank. Organic milk generates the highest sales of any certified organic commodity, and steady demand growth will lift organic fluid milk market share and further stimulate product innovation.

    “The substantial gap between organic and conventional on-farm milk prices, combined with more price stability, is driving the transition,” says Ben Laine, CoBank senior dairy economist. “We are seeing increasing herd sizes for many existing organic dairies looking to take advantage of size efficiencies and price premiums.” Read more...

  • CoBank Announces Launch Of 2017 Sharing Success Program

    Posted 3/23/2017

    CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced the renewal of its Sharing Success program for 2017. The $3 million fund is a cornerstone of CoBank’s corporate citizenship efforts, matching donations by the bank’s cooperative and other eligible customers to nonprofit organizations in their communities.

  • CoBank Announces $150,000 Matching Fund to Support Wildfire Relief Efforts in Kansas, Oklahoma and Texas

    Posted 3/16/2017

    CoBank today announced it is launching a $150,000 charitable fund to support wildfire relief efforts throughout the states of Kansas, Oklahoma and Texas.

    Recent fires have impacted farming and ranching communities in all three states, burning hundreds of thousands of acres, destroying property and killing livestock. In Kansas, an estimated 700,000 acres have burned throughout more than 20 counties in the state’s southwest and central regions. In Oklahoma, the Forestry Service has estimated that approximately 400,000 acres have burned and a state of emergency has been declared in 22 counties. An estimated 325,000 acres have burned throughout the Texas panhandle.

    “These wildfires have had a devastating impact,” said Tom Halverson, CoBank’s president and chief executive officer. "CoBank is committed to working hand-in-hand with our customers, other Farm Credit organizations and local relief agencies to support farmers, ranchers and other victims of these fires in impacted communities.” Read more...

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