A cooperative is “a form of business owned and controlled by the people who use its services.”
CFAES Center for Cooperatives Program Manager, Hannah Scott, shares how cooperatives benefit members.
Cooperatives are democratic organizations. Dr. Dave Hahn of The Ohio State University tells how members work together to obtain services, gain access, purchase supplies, and influence the marketplace.
Dennis Bolling, Former President and CEO United Producers Inc., explains one of the benefits of cooperatives – how profits are shared with members in proportion to their use of the cooperative.
“Understanding Cooperatives: Cooperative Business Principles”(2011). U.S. Department of Agriculture Rural Development, Cooperative Information Report 45, Section 2. Retrieved from http://www.rd.usda.gov/files/CIR45_2.pdf