dating site acronyms - Agricultural dating

Agricultural cooperatives are therefore created in situations where farmers cannot obtain essential services from IOFs (because the provision of these services is judged to be unprofitable by the IOFs), or when IOFs provide the services at disadvantageous terms to the farmers (i.e., the services are available, but the profit-motivated prices are too high for the farmers).The former situations are characterized in economic theory as market failure or missing services motive.

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Farmers also widely rely on credit cooperatives as a source of financing for both working capital and investments.

Both are organized as corporations, but IOFs pursue profit maximization objectives, whereas cooperatives strive to maximize the benefits they generate for their members (which usually involves zero-profit operation).

They spread later to North America and the other continents.

They have become one of the tools of agricultural development in emerging countries.

The first agricultural cooperatives were created in Europe in the seventeenth century in the Military Frontier, where the wives and children of the border guards lived together in organized agricultural cooperatives next to a funfair and a public bath.

The first civil agricultural cooperatives were created also in Europe in the second half of the nineteenth century.An agricultural cooperative, also known as a farmers' co-op, is a cooperative where farmers pool their resources in certain areas of activity.A broad typology of agricultural cooperatives distinguishes between 'agricultural service cooperatives', which provide various services to their individually farming members, and 'agricultural production cooperatives', where production resources (land, machinery) are pooled and members farm jointly.An important strength of a cooperative for the farmer is that they retain the governance of the association, thereby ensuring they have ultimate ownership and control.This ensures that the profit reimbursement (either through the dividend payout or rebate) is shared only amongst the farmer members, rather than shareholders as in an IOF.While the economic benefits are a strong driver in forming cooperatives, it is not the sole consideration.

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