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 6, 2018 to discuss year-end financial results. The call featured remarks from CoBank President and Chief Executive Officer Tom Halverson, Chief Financial Officer David Burlage and Chairman Kevin Riel. A recording of the webcast can be accessed here.
Recent News
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Posted 06/14/2018
As on-farm solar becomes more competitive with retail electricity, solar panels may be a common sight across U.S. farm fields and livestock operations. Lower costs, along with federal tax credits, state incentives and a stronger ag economy, could entice more farmers to install on-farm solar generation in the decade ahead.
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Posted 05/30/2018
More financial burden is on the way in agriculture and rural America with interest rates marching steadily higher. Since 2015, the Federal Reserve has been nudging interest rates higher following years of historically low rates and quantitative easing. Now, with The Fed on a path of rising rates and monetary tightening, rural America will be faced with increased interest expense, which is in addition to other cost burdens, such as higher steel and aluminum prices, higher labor costs, and rising fuel and transportation costs. Higher interest expense will be another burden affecting farmland purchases and operating loans, according to a new report from CoBank’s Knowledge Exchange Division.
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Posted 05/15/2018
Technological advancements and consumer demand of fresh, local and year-round supplies of high-quality produce are growing the controlled environment agriculture industry across the U.S., according to a new report from CoBank’s Knowledge Exchange Division.
CEA, a technology-based approach toward food production to use optimal growing conditions and often indoors, occurs in all 50 states, but the vast majority of the large facilities growing tomatoes, cucumbers and peppers are in the Northeast, West and Southwest.
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Posted 05/10/2018
As agribusiness interest increases and use-cases for blockchain technology become more prevalent, agriculture stands to benefit by lower transaction costs, optimized logistics, increased traceability, enhanced food and safety protocols, and potentially greater value creation across the supply chain, according to a report from CoBank’s Knowledge Exchange Division.
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Posted 05/8/2018
CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced that Citigroup’s Eric Itambo has been named as the bank’s new Chief Banking Officer, with responsibility for all lending operations and banking services.