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.

Webinar on Capital Plan and Patronage Program Changes for Customer-Owners
CoBank held a webinar about the capital plan and patronage program changes for all active borrowers on Wednesday, August 30, 2017. On the call, CoBank Board Chairman Everett Dobrinski, Chief Executive Officer Tom Halverson and Chief Financial Officer David Burlage provided further detail about the changes. A recording of the webcast can be accessed here.

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

  • Electric Cooperatives Stepping in to Fill the Rural Broadband Gap

    Posted 9/21/2017

    Broadband telecommunications and internet access have become essential infrastructure for any community’s future prosperity. However, today, people living in rural communities are four times more likely to lack access to broadband than those in urban communities.

    While many remain without access to broadband today, rural electric cooperatives, some of which were formed nearly 80 years ago to bring electricity to rural America, are increasingly making the move into broadband to fill the supply gap.

    A comprehensive 57-page report from CoBank outlines keys to success and lessons learned from six co-ops bringing broadband to their rural customers.  Also, industry experts provide their insights, which will likely prove helpful to other co-ops considering the move.

  • CoBank Announces 2017 Board Election Results

    Posted 9/21/2017

    CoBank today announced results of stockholder elections for the bank’s 2018 Board of Directors.

    A total of five board seats were on the ballot.

  • CoBank Named One Of The World’s Safest Banks By Global Finance Magazine

    Posted 9/19/2017

    CoBank, a leading cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, has been named to Global Finance magazine's list of the world's safest banks for 2017.

    Global Finance, which covers the financial services industry, publishes its "World's 50 Safest Banks" list annually. Banks are ranked using a methodology that includes total assets and an evaluation of long-term ratings from major rating agencies. CoBank was first named to the list in 2011 and has been included every year since.

    "CoBank's financial strength and stability is important to our customers and critical to our ability to fulfill our mission over the long term," said Tom Halverson, CoBank's president and chief executive officer. "We appreciate receiving this recognition, which reflects our membership in the Farm Credit System as well as the strong financial discipline we use in managing our business operations."

  • Dairy Processors Stretched by Milk Production Gains

    Posted 9/12/2017

    Every year, U.S. dairy farmers produce 3 billion more pounds of milk than the year before. For the past few years, production growth has outpaced processing capacity growth and dairy processors are struggling to keep pace, according to a new report from CoBank's Knowledge Exchange Division.

    As a result, "Dairy processors are faced with the challenge of handling an ever-growing milk supply, while anticipating the right product mix to meet consumer demand," said Ben Laine, senior dairy economist at CoBank. "An additional 27 billion pounds of U.S. milk processing capacity will be needed over the next 10 years if current trends persist."

    Numerous new plants and plant expansion projects are underway or recently completed, but available capacity remains a challenge at times-especially in the Northeast and Mideast areas-and has strained the ability of dairy cooperatives to fill the role of market balancers. Since these co-ops largely bear the brunt of the near-term oversupply of milk, they are increasingly looking for ways to discourage producers from expanding production.

  • CoBank Commits More Than $350,000 to Hurricane Harvey And Hurricane Irma Relief Efforts

    Posted 9/12/2017

    CoBank today announced it has committed more than $350,000 to support relief efforts for Hurricane Harvey in Texas and Hurricane Irma in Florida and the Southeast. CoBank’s contributions are being made in partnership with customers, CoBank employees and other Farm Credit institutions and will support a number of organizations involved in the humanitarian response to the hurricanes.

    “It is difficult to grasp the full scope of damage caused by these two devastating hurricanes,” said Tom Halverson, CoBank’s president and chief executive officer. “The impact of these disasters will be felt for a long time, but CoBank is committed to supporting our customers, our colleagues and our Farm Credit partners as they begin the process of recovery. CoBank stands with people in impacted communities and is proud to provide a helping hand at this difficult time.”

View more
Third Party Link Disclaimer

You are now leaving CoBank.com. This link is provided solely as a convenience to you. If you use this link, you will leave this site and our Privacy Policy is no longer in effect. CoBank is not responsible for, and assumes no liability associated with, the practices employed by third party Web site owners.