








|
 |
 |
|
|
What is a cooperative?
- Cooperatives are businesses owned and controlled by the people who use them.
- Cooperatives differ from other businesses because they are member owned and operate for the benefit of members, rather than earning profits for investors.
- Cooperatives provide jobs, support business and personal needs, and enhance the quality of life.
- Cooperatives are incorporated under State law.
- The cooperative structure provides insurance, credit, health care, housing, telephone, electrical transportation, childcare, and utility services.
- Cooperative members use cooperatives to buy food, consumer goods, and business and production supplies.
- Farmers use cooperatives to market and process crops and livestock, purchase supplies and services, and to provide credit for their operations.
|
| |
Cooperatives are organized to:
- Obtain products or services otherwise unavailable
- Expand new and existing market opportunities
- Improve product or service quality
(Sources: North Dakota Farmers Union, USDA, National Cooperative Bank)
|
| |
|
 |