cooperatives: who are they? what are they? why are they important to my farming operation?
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- 1. Cooperatives:Whatarethey? Wherearethey?Whocares? WomenManagingtheFarmConference Manhattan,KS February5th,2015 BrianC.Briggeman AssociateProfessorand DirectoroftheArthurCapperCooperativeCenter
- 2. ArthurCapperCooperativeCenter Ourpurposeistodetermine,developanddeliverresearch andeducationforthecooperativecommunity. Cooperative Scholarships Cooperative Research CooperativeEducation Programs And,somuchmore www.accc.ksu.edu
- 3. Whatisacooperative? Atypeofcorporation.Abusiness! Acooperativeisabusinessowned and democraticallycontrolled bythepeoplewhouse itsservicesandwhosebenefits arederivedand distributedequitablyonthebasisofuse.
- 4. Coop 1. MaximizeMember Benefits 2. Userscanownand control 3. Patronage 4. ROI(highorlow?) Cooperativevs.InvestorOwnedFirm(IOF) IOF 1. MaximizeProfitor ShareholderWealth 2. Userstypicallydont ownandcontrol 3. Dividend 4. ROI(highorlow?)
- 5. CoopSpeak Patrons Members
- 6. Roles 1. Customer 2. Patron 3. Owners 4. Control Function 1. Profitgeneration 2. Profitdistribution (patronage) 3. Investment(stock) 4. Vote UniqueAdvantagesbutalsosomeUniqueChallenges Cooperativemembersare
- 7. CooperativePrinciples
- 8. Benefits are derived and distributed on the basis of use. Principle#1:Userbenefit
- 9. Distributionofprofits calledpatronage Betterprices Accesstomarkets Accesstoservices Cooperativesprovidebenefitsthrough
- 10. The users of the co-op own it. Principle#2:Userowner
- 11. Membersareactivebecausetheyprovidethe fundsforlabor,materialsandinvestment. Bybeingactive,membershopetogetmore benefitsbecausetheybothpatronize andinvest inthecoopbusiness. Cooperativemembersareactiveowners
- 12. The users of the co-op democratically control it. Principle#3:Usercontrol
- 13. Byworkingtogether,activemembersexchange informationtoenhancebenefits. Somemembersaremoreactivebecausethey serveontheboardofdirectors. StrategicdirectionofthecoopandCEOssupervisor Cooperativemembersareactiveincontrol
- 14. Value propositionof cooperatives
- 15. Threebroadcategoriesofthevalueproposition. 1. Thecoopisanextensionofthefarm 2. InvestmentinruralAmerica 3. ThePowerofPatronage
- 16. Thecoopisanextensionofthefarmupanddown thesupplychain. Input Producer Retailer Output Producer (Farmer) Elevator Processor EndUser Coop Coop Whatdofarmersgain?
- 17. Cooperativesprovidealargeinvestmentinrural America.
- 18. ThePowerofPatronage Patronageisan investment.Thatis,a growergetsequityinan agribusinessjustbydoing businesswiththecoop.
- 19. CooperativesareaprominentpartoftheU.S. economy,especiallyinruralAmerica 3principlesdefinecooperatives Userbenefit Userowner Usercontrol Cooperativesareveryimportantagribusinesses! Benefittoactivemembers AninvestmentinruralAmerica Cooperativesareimportanttoagriculture
- 20. Thankyou. WomenManagingtheFarmConference Manhattan,KS February5th,2015 BrianC.Briggeman AssociateProfessorand DirectoroftheArthurCapperCooperativeCenter
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