CoBank – Farm Credit System
About the Company:
CoBank is one of the largest private providers of credit to the U.S. rural economy. The bank delivers loans, leases and other financial services to agribusiness, rural infrastructure and Farm Credit customers in all 50 states.
About the Solution:
CoBank is a member of the Farm Credit System, a national network of cooperatively owned financial service providers dedicated to supporting rural communities and agriculture throughout America and Puerto Rico.
Formed in 1916, Farm Credit today includes more than 60 local and regional lending organizations and four regional wholesale banks, of which CoBank is one, and is the single largest provider of debt capital to the U.S. rural economy. As a network of independently operated financial cooperatives pursuing the same mission of supporting rural communities and agriculture, Farm Credit organizations frequently work together to provide the capital needs of larger agribusinesses and infrastructure providers, and at times work together to support community and industry events and organizations.
Farm Credit raises funds by selling debt securities on the nation's money markets through the Federal Farm Credit Banks Funding Corporation. Farm Credit debt is insured by the Farm Credit System Insurance Corporation, a self-funded insurance entity. With a AAA-rating, Farm Credit debt enjoys strong demand that results in competitive interest rates on loans for our customer-owners irrespective of financial conditions in the agriculture industry and rural America.
Once the Funding Corporation issues debt securities on behalf of all Farm Credit institutions, CoBank and the other three regional wholesale banks then fund the individual Farm Credit associations who support farmers, ranchers and rural home-buyers. In addition to funding local retail associations, CoBank also uses the proceeds from Farm Credit debt securities to make loans directly to farmer-owned cooperatives, rural infrastructure providers, and other agribusinesses. CoBank serves as a wholesale provider of financing to Farm Credit associations that, in turn, deliver credit to approximately 76,000 farmers and ranchers in 23 states.
Solution Strengths, Weaknesses and Critical Indicators
NOTE: There are multiple technologies that are used as part of integrated manure management systems and yet are not manure management types on their own. The impact of these technologies on their own would be minimal or very difficult to quantify.
General Support & Other:
- Can be an integral part of many manure management systems
- Most projects have at least some equipment that supports operations of the main technology
- This technology is not evaluated on its own, the NEAT Matrix for this technology is neutral unless utilized with other technologies.
CoBank has recently been added to the Newtrient catalog. Newtrient will continue to work with CoBank to further refine the cost and performance information on their solutions. Newtrient will update this entry as more information becomes available and as new commercial dairy installations come online.
1. OPERATIONAL HISTORY