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Who We Are
With approximately $31 billion in assets, CoBank has been a leader in delivering financial solutions to some of America's most successful businesses since 1916. We specialize in agribusiness; communications, energy and water systems; and agricultural export financing.
What We Do
CoBank offers a broad range of flexible loan programs, specially tailored financial services and leasing services to agribusinesses, rural communications and energy systems and Farm Credit associations. CoBank provides short-, intermediate- and long-term financing at variable and fixed interest rates. The bank offers CoLink® online financial solutions, cash management services, CoTradesm electronic trade tool, letters of credit, leasing services and interest rate risk management services. Through strategic alliances, we also offer private placements, equity sourcing, asset securitization services and tax-exempt bond financing. CoBank also finances agricultural exports and provides international banking services and is majority owner of Farm Credit Leasing Services, one of the nation's largest agricultural leasing companies.
Who We Serve
CoBank's customers are local, regional and national agribusinesses; rural communications, energy and water systems; Farm Credit associations and other businesses serving rural America. Some of our agribusiness customers process, market, transport and export products as diverse as beans, fruits, vegetables, grains and fish. Others specialize in farm supply products, such as feed, seed, fertilizer and petroleum-based products. Farm Credit associations or Agricultural Credit Associations provide financial services to agricultural and aquatic producers and rural homeowners. CoBank also finances agricultural exports. CoBank's rural utility customers include electric, telecommunications, water and waste disposal systems. In addition, we work with commercial banks and other Farm Credit institutions to syndicate loans, and we often act as an agent for these transactions. We buy and sell loan participations with other Farm Credit banks and associations. We may also purchase interests in loans made by other financial institutions when they are related to agribusiness, ag trade, electric, telecommunications, water and waste disposal industries.
How We Operate
The bank is owned by approximately 2,500 stockholders -- consisting of U.S. agribusinesses; rural communications, energy and water systems; Farm Credit associations and other businesses serving rural America. Approximately 2,000 of these stockholders are current customers of the bank. CoBank is governed by a board of directors who are elected by the customer-owners of the bank. The bank operates on a cooperative basis and, historically, a substantial portion of the bank's earnings is returned to the bank's owners in the form of patronage refunds.
Where We Get Funds
CoBank is part of the Farm Credit System, a $117-billion nationwide network of lending institutions. The funds to finance CoBank loans come primarily from the sale of Farm Credit System securities to investors in the national and international money markets. Because of the market acceptance and attractiveness of Farm Credit securities and the volume of funds raised, CoBank is able to offer competitive interest rates.