November 7, 2013
MFA Farmers Elevator and Produce and CoBank Donate $2,000 to SCR-I Schools
MFA Farmers Elevator and Produce manager Jerry Watson presents a check for $2,000 to SCR-I superintendent Ryan Bergeson to help fund the purchase of the districtís new sign seen in the background.
Scotland County R-I School District has received a donation of $2,000 from MFA Farmers Elevator and Produce and CoBank as part of the bank's Sharing Success program. The donation helped the Scotland County R-1 School District purchase a new LED sign that was placed in front of the campus. The new sign will create flexibility in communicating with district patrons.
The contribution is part of CoBank's "Sharing Success" program, a $3 million matching grant program designed to benefit cooperatives and charitable groups they support throughout rural America. It's the second year for the program, through which CoBank will match contributions by its cooperative customers to nonprofit organizations of their choice. The program runs through November 30, or until the fund is exhausted. The gifts will be matched on a dollar-for-dollar basis, from a minimum of $1,000 up to a maximum of $5,000.
"Our Sharing Success program is rooted in longstanding cooperative principles, including concern for community and cooperation among cooperatives," said Robert B. Engel, CoBank's chief executive officer. "We're delighted to be partnering with so many of our customers, including MFA Farmers Elevator and Produce, to support a wide variety of worthy causes across rural America."
MFA Farmers Elevator and Produce is a local coop that services the agricultural community for Scotland County and surrounding areas. MFA Farmers Elevator and Produce donated $1,000 to match the donation of $1,000 from CoBank.
CoBank is a $93 billion 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.
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 and the nation's rural economy. In addition to serving its direct retail borrowers, 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.
Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore. For more information about CoBank, visit the bank's website at www.cobank.com.