CoBank board approves special all-cash patronage distribution of $79 million for 2025
DENVER (December 30, 2025) - CoBank, 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 Type |
Patronage Program Rate |
Special Patronage Rate |
| Agribusiness, Communications & Project Finance |
100 bps |
10 bps |
| Electric & Water |
80 bps |
8 bps |
| Affiliated Associations |
45 bps |
4.5 bps |
| Loans purchased from Farm Credit Institutions |
100 bps |
10 bps |
| Nonaffiliated Farm Credit & other financing institutions |
30 bps |
2.25 bps |
About CoBank
CoBank is a cooperative bank serving vital industries across rural America. The bank provides 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 79,000 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.