October 11, 2016 (MANHATTAN, Kan.) – Karly Frederick of Alden, Kansas, a senior in agribusiness; Allison Nickelson of Penokee, Kansas, a junior in agribusiness; and Kristin Stiebe of Kinsley, Kansas, a junior in agribusiness, have each been awarded the CoBank Outstanding Student Scholarship through the Arthur Capper Cooperative Center and the Department of Agricultural Economics at Kansas State University.
Karly Frederick is a member of Food for Thought and the Agriculture Economics and Agribusiness Club. She also serves as an ambassador for the College of Agriculture, is a student fellow for the Center for Risk Management Education and Research, was a Koch Discover Days Scholar and was a previous recipient of the CoBank Outstanding Student Scholarship. Karly has also participated in a study abroad experience to Ireland through the Agricultural Economics Department. In addition to school, she works on the Frederick Harvesting crew and has had internships with CoBank and Publix Supermarkets. Karly is anticipating a May 2017 graduation and would like to pursue a career in the agricultural finance industry. The Frederick family is affiliated with the following cooperatives: MKC, Central Prairie Cooperative, Walters Cooperative Elevator Association, Ark Valley Electric Cooperative Association, CHS, Triangle Communications, Kanza Cooperative Association and Farmers Cooperative Grain Company of Abbyville.
Allison Nickelson is a member of the Agriculture Economics and Agribusiness Club and the Phi Eta Sigma Honor Society. In addition to school, she is a technical assistant in the Kansas State University Office of Admissions and works on Nickelson Farms. Allison anticipates a December 2017 graduation and wants to return to a rural community working in the Farm Service Agency, for an agriculture finance agency or for a crop insurance agency. The Nickelson family is affiliated with the following cooperatives: Frontier Ag, Inc., Scott Cooperative Association, Western Cooperative Electric and Nex-Tech Rural Telephone Cooperative.
Kristin Stiebe is a member of the Collegiate Cattlewomen and Collegiate Farm Bureau. She has served as an ambassador for the College of Agriculture and was a previous recipient of the CoBank Outstanding Student Scholarship. In addition to school, Kristin works as a teller at Farmers State Bank in Manhattan, Kansas, and has had an internship with First National Bank in Garden City, Kansas. She is anticipating a May 2018 graduation. Upon graduation, Kristin hopes to return to western Kansas and become employed as a farm loan officer or credit analyst. The Stiebe family is affiliated with the following cooperatives: Pride Ag Resources, American Ag Credit, Midwest Energy Incorporated, Golden Belt Telephone Association and Golden Valley Incorporated.
“The CoBank Outstanding Student Scholarships are one way CoBank contributes to the education of future agricultural leaders with an interest in a career in finance or banking at Kansas State University,” states Professor Brian Briggeman, director of the Arthur Capper Cooperative Center. This scholarship has awarded over $65,000 since 2006. To be eligible for a scholarship, students must be a sophomore, junior or senior in high academic standing in K-State’s Department of Agricultural Economics at the time the scholarship is received. Preference is given to students who are studying agricultural economics or agribusiness, who have demonstrated an interest in pursuing a career in banking or finance, have taken accounting or finance classes and are residents in one of the following states: CA, CO, CT, IA, KS, KY, MO, MN, NE and TX.
The awarding of the CoBank Outstanding Student Scholarships is coordinated through the Arthur Capper Cooperative Center. “Additional contributions by those who want to support the purposes of cooperative scholarships are welcome,” Dr. Briggeman said. They should be made payable to “KSU Foundation/ACCC” and sent to the Arthur Capper Cooperative Center, Department of Agricultural Economics, 305 Waters Hall, Kansas State University, Manhattan, Kansas. 66506.
About CoBank CoBank is a $125 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. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving 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.
For more information about CoBank, visit the bank's web site at www.cobank.com.
About the Arthur Capper Cooperative Center The Arthur Capper Cooperative Center provides research-based information, education and assistance to people with and interested in cooperative businesses, including cooperative members, directors, managers and employees. The Center also works with students and faculty at educational institutions, the general public and public officials as well as owners, directors, managers and employees of agribusinesses. Further information can be obtained about this scholarship or about establishing additional scholarships by emailing Brian Briggeman at email@example.com or visiting the Arthur Capper Cooperative Center website at http://accc.k-state.edu/.
K-State Research and Extension is a short name for the Kansas State University Agricultural Experiment Station and Cooperative Extension Service, a program designed to generate and distribute useful knowledge for the well-being of Kansans. Supported by county, state, federal and private funds, the program has county Extension offices, experiment fields, area Extension offices and regional research centers statewide. Its headquarters is on the K-State campus in Manhattan.
Story by: Arthur Capper Cooperative Center Department of Agricultural Economics, Kansas State University K-State Research & Extension News
Photo caption is as follows: (left to right) Allison Nickelson, Tobias Carson, CoBank Senior Relationship Manager, and Kristin Stiebe at the K-State Agricultural Economics Awards Banquet, October 7, 2016. Not pictured: Karly Frederick.
Study shows cooperative business model delivers significant economic impact, CHS CEO says
ST. PAUL, Minn., Oct. 4, 2016 /PRNewswire/ -- The farmer-owned cooperative business model delivers economic value in its communities far exceeding the multiplier effect of other business sectors, the chief executive officer of CHS Inc. (NASDAQ: CHSCP), the nation's leading cooperative and a global energy, grains and foods company, told a University of Minnesota audience today
Carl Casale, CHS president and chief executive officer, shared the results of the cooperative's major economic impact study as part of his address to the 1st Tuesday lecture series sponsored by the University of Minnesota'sCarlson School of Management.
"We've always recognized that the cooperative system is a significant economic force in the rural communities it serves and across the country," Casale told nearly 300 business and higher education leaders. "Now we have hard data on job creation and other economic impacts that far exceeds our expectations. The end game is the tremendous value CHS creates in rural America multiplies and stays in those communities."
CHS commissioned business consulting firm Ernst & Young (EY) to take an in-depth look at the company's economic impact in America. The firm analyzed data including CHS U.S. sales, earnings, employment, patronage to owners and capital expenditures.
EY found CHS economic activity supported more than 60,700 jobs directly and indirectly, far exceeding the company's 12,100 employees.
"That means for every job CHS creates itself, there are four more jobs supported indirectly in the community as a result of the economic activity from the cooperative system," Casale said. "This 'job multiplier' factor far surpasses that of other sectors of the economy."
The report, based on CHS fiscal 2014 data, showed CHS $33.45 billion in gross global business in the U.S. translated to direct gross economic output of nearly $18.5 billion dollars locally. In addition, each $1 million of CHS economic output supported an additional $600,000 in output for other U.S. businesses. The study analyzes CHS economic data and impact for all U.S. states and every congressional district. For more details visit www.valueofthecoop.com
The CHS study's release came as the nation marks Cooperative Month recognizing the economic and other benefits of the nation's 29,000 cooperatives, of which more than 2,000 are agricultural. Nationally, cooperatives directly generate more than $650 million in revenue and employ 2.1 million people. Minnesota was the first state to declare an official Cooperative Month proclamation in 1948; it has been a nationally recognized celebration since 1964.
In his remarks, Casale also addressed a wide range of economic topics, voicing continued long-term optimism for agriculture and energy despite current challenging global markets.
"In the commodity business we're always riding ups and downs, but one constant is the cooperative system business model as a critical partner for our owners in the ag and energy industry," he said. "We're side-by-side with our owners creating solutions for today and innovations to ensure a bright future for the next generation of farmers and ranchers."
CHS Inc. (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.