Determining a price for farm products that attracts consumers and creates profits for producers can be a challenge. A three-part Farming 101 series of articles in Farm & Dairy Newspaper helps farmers calculate costs, conduct price research and implement a price strategy to increase farm sales and revenue.
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Today, cooperators everywhere celebrate the International Day of Cooperatives. The United Nations established the holiday to recognize co-ops’ contributions to society, culture and the economy. This year’s theme is “Sustainable Consumption and Production.” ¹ The World Commission on Environment and Development defines sustainable development as “meeting the needs of the present generation without compromising the ability of future generations to meet their own needs.” ²
Cooperatives are businesses owned by the people they benefit. They exist in every major industry and are common in food and agriculture. Co-ops provide members with sustainable solutions. They help farmers gain access to larger markets, boost product quality, reduce costs and achieve greater efficiency and operational effectiveness.
Dairy Farmers of America (DFA) is owned by 14,500 farmer-members. The co-op’s sustainability program aims to improve animal and environmental health. DFA’s Gold Standard Dairy Program upholds standards set forth by the National Milk Producers Federation’s National Dairy Farmers Assuring Responsible Management Program (FARM), for animal health, nutrition, management, housing and facilities, handling and transporting. DFA offers on-farm consultations to members to identify areas where sustainable practices can benefit their operations. Members that participate in the Gold Standard Program receive tailored resources and on-going technical assistance to improve sustainability on the farm. ³
Ohio’s Electric Cooperatives (OEC) power rural communities in 77 counties. In recent years OEC has diversified their energy sources portfolio to include renewable sources such as air, wind, hydro, biomass, solar and heat recovery. The co-op promotes energy efficiency through advising, energy audits and appliance rebate incentives that reduce members’ energy expenditures and save members money. ⁴
Nationwide Mutual Insurance Company is the No. 1 writer of insurance policies for farms and ranches. Nationwide works towards greater sustainability by reducing environmental waste and carbon emissions and promoting recycling. Nationwide’s green purchasing initiative works with suppliers to purchase eco-friendlier products. The company partners with voluntary government and industry programs such as Energy Star and Leadership in Energy and Environmental Design (LEED). ⁵
On the International Day of Cooperatives farmers everywhere tip our hats to recognize these and other cooperative businesses’ dedication to sustainable consumption and production.
*Article originally published in Farm & Dairy Newspaper