Michael Marley Elected to CoBank Board of Directors
Will Represent Mid Plains Region for Four-Year Term Beginning in 2020
DENVER (November 13, 2019) — CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced that Michael Marley has been elected to the bank’s board of directors in a runoff election in the Mid Plains region. Marley will hold a modified equity seat for a four-year term beginning on January 1, 2020.
Marley, 56, is the owner of Corrales Dairy, Marley Farms and Corrales Farm, dairy and irrigated farming operations, all located in Roswell, New Mexico. He is also a general partner of Marley Ranches and Marley & Whitney Partnerships, which are ranching operations. He sits on the board of Farm Credit of New Mexico, ACA, and the CoBank District Farm Credit Council and is the chair of the CoBank Association Leadership Committee. He is also a director on the board of Dairy Farmers of America, Southwest Council, and Gandy Marley and is the chair of Zia Milk Producers.
“On behalf of the entire board, I would like to welcome Michael to the CoBank board and thank the shareholders of the Mid Plains region for their participation in the election,” said Kevin Riel, board chair. “Michael brings extensive experience from several of the industries we serve and we look forward to working with him to continue to position CoBank for long-term success.”
CoBank is a $136 billion cooperative bank serving vital industries across rural America. The bank provides commercial loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 70,000 farmers, ranchers and other rural borrowers in 23 states around the country.
CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.