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Texas Tech Ag Economics Senior Seminar Class

Texas Tech Ag Economics Senior Seminar Class. February 14, 2011. CoBank at a Glance. A leading financial services company serving vital industries throughout the United States: Agribusiness Communications Energy Water

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Texas Tech Ag Economics Senior Seminar Class

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  1. Texas Tech Ag Economics Senior Seminar Class February 14, 2011

  2. CoBank at a Glance • A leading financial services company serving vital industries throughout the United States: • Agribusiness • Communications • Energy • Water • Member of the Farm Credit System, a Government Sponsored Enterprise with $221 billion of assets at September 30, 2010 • Over $60 billion in assets at September 30, 2010; AA- rated by both S&P and Fitch • Cooperatively owned by approximately 2,100 customers • Headquartered outside Denver, CO; regional offices and banking centers throughout the country • Approximately 700 employees nationwide

  3. The Farm Credit System • Federally-chartered network of borrower-owned lending institutions providing credit to agriculture and rural America • 1 Agricultural Credit Bank (CoBank) • 4 Farm Credit Banks • 87 Associations that serve as the “front door” to rural America • Government Sponsored Enterprise representing over one-third of all U.S. agricultural lending • $221 billion in assets and $33 billion in capital at September 30, 2010 • The Funding Corporation issues debt for Farm Credit System institutions, including CoBank • Regulated and examined by the Farm Credit Administration, an independent safety and soundness regulator in the executive branch of the U.S. government • Strong political support for the System’s mission in Washington, D.C.

  4. Ownership, Capital & Funding Flow Loans Equity DebtSecurities Systemwide Debt Investors Other FCS Banks Federal Farm Credit Banks Funding Corporation Agricultural Cooperatives Rural Utilities Regional FCS Associations Other Eligible Borrowers Holders of Preferred Stock & Subordinated Debt Farmers and Other Members Rural Utility Customers Farmers and Other Producers

  5. Business Overview Agribusiness Strategic Relationships Rural Infrastructure Loan Volume (1) Net Income (1) 13% 33% 42% 59% 28% 25% Total $451.0 million Total $46.5 billion (1) As of and for the nine months ended September 30, 2010

  6. Loan Portfolio (1) Total $46.5 billion Strategic Relationships $15.29 billion Agribusiness $19.44 billion Rural Infrastructure $11.74 billion (1) As of September 30, 2010

  7. Agribusiness • $19.44 billion lending portfolio • $13.4 billion in loans to grain handling, farm supply, food processing, dairy, livestock, fruits, nuts, vegetables, cotton, forest products, biofuels, and agricultural finance customers • $4.3 billion in export loans (87% U.S. government guaranteed) • $1.7 billion in nationwide leasing services through Farm Credit Leasing Total $46.5 billion

  8. Fish, Livestock, Poultry | 5% Fruits, Nuts, Vegetables | 8% Dairy | 6% Biofuels | 2% Forest Products | 4% Lease Financing | 9% Agribusiness Agribusiness Lending Portfolio (1) All Other | 10% (2) International | 22% Farm Supply, Grain & Marketing | 34% Total $19.44 billion (1) As of September 30, 2010 (2) Less than 2% each

  9. CoBank Products & Services • Lending– A full suite of customizable loan products • Term loans • Revolvers • Lines of credit • Capital Markets – Large-scale & complex transactions • Syndications & participations • Securitizations • Tax-exempt bond financing • Leasing – Specialized products for rural businesses • Vehicles • Equipment • Letters of credit • Equity sourcing • Machinery • Facilities

  10. CoBank Products & Services (cont’d.) • International – Supporting U.S. agribusiness exports • Foreign exchange (spot & forward) • Letter of credit issuance (documentary & standby) • Export financing (CCC programs, non-guaranteed trade financing) • Documentary collections • Pre-export finance • Import finance • Correspondent banking • Country risk analysis • Cash management – Electronic processes save time and reduce expense • Online banking • Controlled disbursement • Account reconciliation • Full ACH functionality • Automated cash concentration • Wires, lockbox services • Electronic deposit • Purchase card services • Short-term investing • Derivatives and risk management – Reducing exposure to interest rate volatility • Forward fixed rates and options • Interest rate caps, collars, swaps and locks

  11. CoBank Human Resources Website: www.cobank.com • Click the “Careers” & “Apply Now” Link

  12. CoBank Internships • CoBank interns learn real-life business skills and tackle projects that have a meaningful impact on the bank’s operations. These are paid positions for undergraduate and graduate students who are working toward degrees in finance, accounting, agribusiness, economics, agricultural economics, IT, HR and marketing. Our internships are located in our Denver headquarters, as well as in our banking centers located in : Enfield, St. Louis, Sacramento, Louisville, Omaha, Wichita, and Minneapolis. We typically review resumes in January and February, conduct interviews in March and make hiring decisions no later than April.

  13. Other Cooperative Opportunities Texas Ag Cooperative Council Internship:

  14. Contact Information Clint Cryer- Vice President 5715 W. 50th Street Lubbock, TX 79416 Office- (806) 788-3703 Cell- (806) 777-3517 Fax- (303) 224-2523 ccryer@cobank.com

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