CoBank

Okay kiddo, let me explain what a CoBank is.

Imagine you are part of a big group of friends who like to play and have fun together. One day, you all decide to save some money to buy a big toy that everyone can play with. You each put in some money into a piggy bank, so you can save up enough money to buy the toy.

A CoBank is like a big piggy bank for farmers and businesses that produce or sell things like grains, milk, and other foods. These farmers and businesses save money together so they can borrow money to buy things like tractors, trucks, storage facilities, and other equipment they need to grow their businesses.

Just like in your group of friends where everyone puts in money to the piggy bank, in a CoBank, many farmers and businesses put in their money together to make the bank strong and able to help many people, just like a big team working together to reach a common goal.

So, CoBank helps farmers and businesses have the money they need to grow their farms and companies, just like your group of friends saved money to buy a big toy to play with together.