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Last updated on April 19, 2014 at 1:20 EDT

Latest CoBank Stories

2014-04-08 12:33:27

Tighter Crop and Livestock Inventories Lift Market Sentiment DENVER, April 8, 2014 /PRNewswire/ -- Record-high animal protein and dairy prices, volatile grain and oilseed prices, and steady-to-lower cropland values reflect agricultural markets in transition, according to CoBank's new quarterly economic report. The U.S. grain markets continue to anticipate record crops in the coming year, leading to higher inventories and lower prices. While the large 2013-14 grain harvest pushed...

2014-03-26 08:23:50

Funds Will Support Food Banks In Areas Impacted By Drought FRESNO, Calif., March 26, 2014 /PRNewswire/ -- CoBank and seven affiliated Farm Credit associations that serve California's agricultural sector announced today that they have committed $100,000 to alleviate hunger in drought-stricken farm communities throughout the state. The associations together pledged $50,000, which CoBank matched on a dollar-for-dollar basis. The seven organizations are American AgCredit, Farm Credit...

2014-01-07 16:25:53

Increased Supplies and Falling Prices Shift Benefits Away from Grain Growers in 2014 DENVER, Jan. 7, 2014 /PRNewswire/ -- An improving outlook for economic growth and declining crop prices will generate mixed effects for rural America in 2014, according to CoBank's new Quarterly U.S. Rural Economic Review. A growing economy should bolster demand for agricultural products, power and energy, and communication services. However, greater supplies of grain and other crop commodities will...

2013-12-19 12:30:59

Former Congresswoman from South Dakota Appointed to Four-Year Term DENVER, Dec. 19, 2013 /PRNewswire/ -- CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced that Stephanie Herseth Sandlin, a corporate attorney and former member of Congress from the state of South Dakota, has been named to the board as an appointed director. Herseth Sandlin will serve a four-year term on the...

2013-10-02 12:32:57

Birch increases senior credit capacity to $175 million and adds Union Bank to its banking group ATLANTA, Oct. 2, 2013 /PRNewswire/ -- Birch Communications, Inc., a leading IP-based telecom and managed services provider to small- and medium-sized businesses, announced today that it has refinanced its senior credit facility with a substantial increase in available capital. Union Bank also joins Bank of America, PNC, Wells Fargo, and CoBank in the credit with a commitment of $25...

2013-08-15 12:31:26

DENVER, Aug. 15, 2013 /PRNewswire/ -- CoBank has filed a formal notice of opposition with the U.S. Patent & Trademark Office against a trademark application by Green Dot (NYSE: GDOT) for Green Dot's new "GoBank" bank account service. The notice of opposition states that CoBank is the owner of various well-established trademarks incorporating the "CoBank" name and has been doing business using those marks since 1989. The notice states that Green Dot's recent application to...

2013-07-31 23:20:17

Funds to support community service fellowships for post-9/11 veterans at Growing Washington and the TREE Project. St. Louis, MO (PRWEB) July 31, 2013 The Mission Continues, a St. Louis-based national veterans service organization, announced today that it has received a $37,500 joint commitment from CoBank and Northwest Farm Credit Services, members of the Farm Credit System and leading providers of credit to the U.S. rural economy. The Mission Continues empowers veterans to...

2013-05-01 12:29:33

DENVER, May 1, 2013 /PRNewswire/ -- The dramatic growth of China's emerging middle class has created significant speculation about its potential as a market for U.S. agricultural exports. With 20 percent of the world's population and less than 10 percent of its arable land and water resources, China has become increasingly reliant on imports to feed its burgeoning population, despite public pronouncements of its intention to be self-sufficient in food production. In fewer than 20...

2013-04-09 16:24:59

CoBank Releases First Quarter Rural Economic Review DENVER, April 9, 2013 /PRNewswire/ -- Despite record high feed costs during the 2012/13 crop year, feed use in the animal protein sector has slipped by only two percent as U.S. farmers and ranchers limited the downsizing of their herds. A decline in margins has been offset to a degree by rising animal protein prices and growing exports, especially to Asia. According to CoBank's newly released Quarterly Rural Economic Review, the...

2013-02-11 12:26:44

ATLANTA, Feb. 11, 2013 /PRNewswire/ -- Birch Communications, Inc., a leading IP-based telecom and managed services provider to small- and medium-sized businesses, announced today that CoBank is now a syndicated lender in Birch's Senior Secured Credit Facility. CoBank's commitment of $12 million will increase the capacity of the Company's Senior Credit Facility and provides additional funding capacity for Birch to continue to pursue accretive acquisitions. (Logo:...