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

  • CoBank Donates $227,000 to the ConnectWell Telemedicine Pilot Program

    Posted 1/22/2018

    CoBank, EveryoneOn, Navicent Health and Robin Health, today announced the launch of the ConnectWell pilot program in Macon, Ga. The program, which is funded by CoBank, will provide 100 diabetic patients in rural southwest Georgia an Internet-ready tablet to enable them to manage and monitor their diabetes from home through an application, and a direct connection to physicians at Family Health Center, Navicent Health, a member of Navicent Health Physician Group, in Macon.

    CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, is funding the project to highlight the efficiency of universal high-speed Internet in rural areas to assist in driving down healthcare costs.

    “More than 70 percent of communities in the US with a shortage to primary care doctors are in rural areas,” said Tom Halverson, president and CEO of CoBank. “Coupled with a staggering lack of access to high-speed Internet, the health of rural America is disadvantaged in comparison to their urban counterparts. This project is an important step forward as a larger proof of concept and we are proud to back it.”

  • CoBank 2018 Year Ahead Report: Forces That Will Shape the Rural Economy

    Posted 1/18/2018

    Expect an expanding global economy, strong U.S. consumer confidence and persistent economic recovery in many rural areas, but temper that optimism with another year of on-farm belt tightening due to lingering financial stress from low commodity prices, says a wide-ranging 2018 outlook report from CoBank’s Knowledge Exchange Division.

    “The rural economy is uniquely impacted by what happens in Washington, the broader U.S. economy and around the world,” says Dan Kowalski, vice president of CoBank’s Knowledge Exchange Division. “In the coming year, rural America will rise with the broader economic tide, but it will also contend with persistent barriers to prosperity.”

  • Cage-Free Egg Pledges Yielding to Market Reality

    Posted 12/15/2017

    Food company commitments recently pushed cage-free egg production to new heights, but U.S. egg markets are returning to more normal production growth, producer profitability and specialty egg premiums, according to a new report from CoBank’s Knowledge Exchange Division.

    “The avian flu outbreak in 2015 caused egg prices to climb and incentivized egg producers to boost output. Coincidentally, 229 major food companies pledged to use cage-free eggs by 2025 just as egg prices went into freefall,” said Trevor Amen, CoBank animal protein economist. “Since then, cage-free production has surged amidst a surplus of inexpensive, conventionally produced eggs.”

    This oversupply has depressed demand for higher priced cage-free eggs, a condition that’s expected to last for the next several months as the conventional supply draws down.

  • Rural Electric Cooperatives to Benefit from Late Adoption of Electric Vehicles

    Posted 12/14/2017

    Urban centers across the country are experiencing strong growth in electric vehicles, driven by high customer satisfaction and financial subsidies. However, the same level of interest has not translated to rural America, where range anxiety is a valid concern according to a new report from CoBank’s Knowledge Exchange Division.

    Until electric vehicles can travel a minimum of 200 miles on a single charge and are priced similar to internal combustion engine vehicles, adoption in rural communities will likely remain muted.

    “By 2025, penetration of EVs in rural America is expected to remain below one percent, but by the time it reaches three percent of new car sales in rural America, technology will be much better than it is today,” said Taylor Gunn, lead economist with CoBank. “Some rural electric cooperatives will have customers on the edge of urban and suburban America and may want to consider building public infrastructure. But for now – most rural electric cooperatives are unlikely to realize material growth in EVs, limiting any near-term EV-related growth in electricity sales.”

  • CoBank Announces 2018 Board Officers

    Posted 12/14/2017

    CoBank today announced  board officers for 2018.  The CoBank board elects its officers to serve a one-year term commencing January 1 and expiring December 31 each year.

    Kevin Riel will serve as board chair, succeeding longtime board chair Everett Dobrinski. A director since 2014 and first vice chair in 2017, Riel is the president and chief executive officer of Double ‘R’ Hop Ranches, Inc., a diversified farming operation primarily growing hops, together with apples, grapes and row crops, and of Tri-Gen Enterprises, Inc., an agricultural marketing operation, and managing partner of WLJ Investments, LLC, a land holding and management company, all located in Harrah, Washington. He is a former director of Northwest Farm Credit Services, one of CoBank’s affiliated Farm Credit associations, where he served as vice chair and chair, and is board president of the Hop Growers of America, a non-profit association promoting the interests of U.S. growers. 

    Jon Marthedal will serve as first vice chair. Marthedal is the owner and operator of Marthedal Farms in Fresno, California, a grape, raisin and blueberry farming operation. He is also president of Marthedal Enterprises, Inc., a provider of farm management and custom agriculture services, and owner and operator of Keystone Blue Farms, a blueberry farming operation. He serves on the board of The Farm Credit Council.  Marthedal is a director of Sun-Maid Growers of California and of the California Blueberry Commission.  He also serves as president of the California Blueberry Association Board and vice chair of the California Raisin Marketing Board and the Raisin Administrative Committee. Marthedal has served on the CoBank board since 2013, and served as second vice chair in 2017 and as Governance Committee chair in 2016.

    Kevin Still will serve as second vice chair. Still is president and chief executive officer of Co-Alliance, LLP, a partnership of five cooperatives supplying energy, agronomy and animal nutrition, producing swine and marketing grain in Avon, Indiana.  Still is also chief executive officer and treasurer of Midland Co-op, Inc., IMPACT Co-op, Inc., LaPorte County Co-op, Inc., Frontier Co‑op, Inc., and Excel Co-op, Inc., and president of Michiana Agra, LLC, which are agricultural retail cooperatives. He is chair of Local Harvest Food, a food broker, vice president and director of Connexities, LLC, a technology provider, and an advisory board member of Wholestone Farms, a food company.  Still is also an officer of Agronomy Services, LLP, and president of Northwind Pork, LLC, a pork producing operation.  He is the owner and president of Still Farms, LLC, a grain farm. Still has served on the CoBank board since 2002; he has served as the Risk Committee chair since 2008 and served as second vice chair in 2015 and 2016.

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