Newsroom & Financials

CoBank Announces Changes To Capital Plans And Patronage Programs For Customer Owners

Posted 08/28/2017

CoBank today announced changes to its capital plans and patronage programs for eligible customer-owners.

The changes, which take effect in 2018 for patronage distributed in 2019, include reductions in targeted patronage levels and the creation of a separate capital plan for rural electric and water customers. The changes are designed to strengthen CoBank’s long-term capacity to serve customers’ borrowing needs, enhance the bank’s ability to capitalize future customer growth, and ensure equitability among different customer segments.

"Our board has been working with executive management for close to a year to conduct a comprehensive analysis of the capital plans and patronage programs currently in place at CoBank," said Everett Dobrinski, chairman of the board of directors. "We believe strongly that patronage is a key component of the value proposition we offer our customers, and that these changes strike an appropriate balance between delivering strong patronage returns to our member-owners and maintaining financial strength to serve our customers for the long term." Read more...

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