Farmers Co Op Retail Stores Forms for Montgomery
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FAQ
Marketing, supply, and service cooperatives are the most common types of agricultural cooperatives in the United States. Marketing cooperatives assemble, pack, process, and sell members' products in both domestic and foreign markets.
There are two primary types of agricultural service cooperatives: supply cooperatives and marketing cooperatives. Supply cooperatives supply their members with inputs for agricultural production, including seeds, fertilizers, fuel, and machinery services.
A farm cooperative involves a network of member farmers who reap many benefits of doing business as a unit. Individual farms work together to buy necessary supplies and services, as well as distribute, market and sell their products. Farmers save costs and access goods and services otherwise unavailable to them.
Alabama Farmers Cooperative, Inc. (AFC) is a regional federated cooperative. All facilities operated by AFC are governed by local, farmer-owned cooperatives. Each member co-op shares in the financial proceeds from AFC operations and benefits from the research and marketing services of the entire co-op system.
Types of Cooperatives1) Retail Cooperatives. Retail Cooperatives are a type of "consumer cooperative" which help create retail stores to benefit the consumers making the retail our store.2) Worker Cooperatives.3) Producer Cooperatives.4) Service Cooperatives.5) Housing Cooperatives.
Each member Co-op is an independent business owned by its farmer-members; those local Co-ops, in turn, own TFC. This gives the farmer true ownership of his or her own farm supply and service organization. Each farmer-member owns one share of voting stock.