Home Headline News CoBank Helps In Preventing Opioid Abuse

CoBank Helps In Preventing Opioid Abuse


 CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced it is donating $500,000 to the University of Colorado’s Center for Prescription Drug Abuse Prevention to address the ongoing public health issue of opioid and prescription drug abuse through research and education.

According to the U.S. Centers for Disease Control, opioids contributed to more than two thirds of all drug overdose deaths in the United States – more than 47,000 people in 2017. In addition, opioids also constitute a substantial majority of non-fatal hospitalizations and emergency room visits related to drug poisoning. In rural communities, mortality and hospitalization rates related to opioid abuse are often as high as they are in urban and suburban areas, according to CDC data.

“Opioid addiction is a debilitating public health problem that has impacted rural communities across the United States,” said Thomas Halverson, president and chief executive officer at CoBank. “The CDC has reported that rates of drug overdose deaths in rural communities have surpassed those in urban areas since 2006 and that increase has been largely attributed to the abuse of opioids and other prescription drugs. Our board of directors believes strongly that CoBank should be doing its part to address this issue, and has unanimously approved this contribution. We look forward to partnering with the University of Colorado to advance our common understanding of how opioid addiction can be prevented.”

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Ivy Heffernan, student of Economics at Buckingham University. Junior Analyst at HeffX and experienced marketing director.