Agricultural giant CHS Inc. is the largest cooperative in the nation and had more than twice the revenue of any other co-op in 2018, the National Cooperative Bank reports.

The Ag Innovation Challenge sponsored by the American Farm Bureau Federation and the Farm Credit Administration will now receive applications through mid-October.

Agricultural banks and farm lending institutions are optimistic about the long-term future of the farm economy, but lenders are currently in get-by mode with farmers who are struggling financially due to low commodity prices, adverse weather and ongoing trade tensions.

Lenders see a 'mixed bag' of credit conditions across the country.