About Us
What is a Co-Op?
What is a Cooperative?
A cooperative is a form of business designed to provide economic benefits to member owners as opposed to investors. They are owned and controlled by the members who use their services. Cooperative’s differ from commercially owned business’s in three ways:
- Member Owner Control
- Focus on Member Owner Needs
- Profits Shared with Member Owners
Member Owner Control
The people who use the cooperative own the cooperative. These are the people who profit from the business’s earnings. They also elect a board of directors to oversee the cooperatives operations.
Focus on Member Owner Needs
The cooperative strives to meet customer needs while providing economic benefit to member owners and generating profits to sustain long term development and growth. By pooling the buying power of the member owners the cooperative is able to purchase products in bulk to sell to customers at a reduced cost.
Profits shared with Member Owners
Farm supply cooperatives share profits through patronage payments. In profitable years the cooperative pays patronage in a combination of cash and equity in the cooperative.
Membership Benefits
Membership Eligibility
Any producer of agricultural products, including any lessor of land upon which products are produced.
There is an administrative fee of $50.00. $1.00 of the fee goes toward the $50.00 share of common stock.
Membership Advantages
• Each member is a part-owner of the Co-Op and receives patronage based upon their purchases and the Co-Op’s net profitability.
• Members are eligible to vote for directors, a change of By-Laws and any other matters that come before the membership.
• An annual summary statement of your expenditures is available to you.
• Price is the same with or without membership.
*Applications are available in the main office.
Credit Applications
Charge accounts are also available to members and non-members. There are many benefits to having a charge account:
• Personal and business accounts
• High volume discounts
• 30 Day net charge account
• Take 1% discount off monthly bill if paid in full by the 10th (If account is current.)
• Discount on gasoline at our SHELL station when using a Co-Op gas card.
*Applications are available in the main office.
