Global Agriculture

Cobank Board Approves Special All-cash Patronage Distribution Of $79 Million For 2025

31 December 2025, DenverCoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced that its board of directors has approved a special all-cash patronage distribution for eligible customer-owners.

The distribution, projected to be approximately $79 million, is scheduled to be made in March 2026 along with the target patronage distribution customer-owners receive under the bank’s various patronage programs. It will represent an increase of between 7.5 percent and 10 percent over target patronage, depending on the customer-owner’s patronage program rate.

“CoBank is on pace for another year of strong earnings in 2025 despite credit challenges in the broader marketplace. As a financial cooperative, it is our pleasure to return this additional special patronage back to our customer-owners,” said Kevin Still, chair of the CoBank board.

Special patronage amounts for each customer-owner will vary by patronage pool as detailed in the following table and will be based on average daily loan balances held by the bank during the year.

Customer or Loan TypePatronage Program RateSpecial Patronage Rate
Agribusiness, Communications & Project Finance100 bps10 bps
Electric & Water80 bps8 bps
Affiliated Associations45 bps4.5 bps
Loans purchased from Farm Credit Institutions100 bps10 bps
Nonaffiliated Farm Credit & other financing institutions30 bps2.25 bps

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