Newsroom & Financials

CoBank Invests In New $150 Million Rural Economic Development Fund

Posted 4/22/2014

CoBank, today announced that it is a founding investor in a new fund that will promote job growth and economic development through equity investments in rural businesses.

U.S. Secretary of Agriculture Tom Vilsack unveiled the $150 million fund at a press conference in Iowa on Monday. Formed under the U.S. Department of Agriculture’s Rural Business Investment Program, the fund will focus on investments that help rural communities and industries, with an emphasis on supporting businesses involved in production agriculture, processing and marketing of agricultural products, farm supply, input suppliers and rural infrastructure providers. Read more...

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