1 / 31

Introduction to Cooperatives

Introduction to Cooperatives. Unit: Cooperative Essentials Lesson: CE1. Objectives. Lesson Objective:

maryannl
Download Presentation

Introduction to Cooperatives

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Introduction to Cooperatives Unit: Cooperative Essentials Lesson: CE1

  2. Objectives • Lesson Objective: • After completing the lesson on introduction to cooperatives, students will demonstrate their ability to apply the concept in real-world situations by obtaining a minimum score of 80% in a mock MIC Speech Contest. • Enabling Objectives: • Define cooperatives and identify their guiding principles. • Record the early history of cooperatives and describe the future directions of cooperatives. • Explain the different three types of cooperatives. • Describe the benefits and challenges of forming a cooperative and build a cooperative governance system. 2 3

  3. Key Terms • Cooperatives • Cooperation • Governance • Patronage

  4. Cooperatives

  5. Cooperative • A business owned or controlled by the people that use its services and whose benefits are derived and distributed equitably on the basis of use and ownership • An autonomous association of people who voluntarily cooperate for their mutual social, economic, and cultural benefit • Based on the concept of cooperation to achieve a “common goal”

  6. Meeting Needs

  7. Reasons For Forming Cooperatives

  8. You may recognize these cooperatives…

  9. Missouri Cooperatives • Show Me Energy Cooperative • Mid Missouri Energy, Inc. • Ray-Carroll Country Grain Growers, Inc. • CoBank • Ag Processing Inc. • Associated Electric Cooperative • MFA Oil • MFA Incorporated • FSC Financial • Dairy Farmers of America • Farmers Cooperative Services, Inc. • Farmers Cooperative Elevator Association • Show Me Ethanol LLC

  10. 2 1 3 User-Owned User-Benefitted User-Controlled Democratic Member Control Voluntary and Open Membership Education, Training and Information Autonomy and Independence Cooperation Among Cooperatives Member Economic Participation Concern for Community

  11. User-Owned

  12. User-Benefitted

  13. User-Controlled

  14. User-Owned, User-Benefitted , User-Controlled

  15. Cooperatives Are Constantly Evolving

  16. Categorizing Cooperatives

  17. Coverage/Location

  18. Governance System

  19. Functions or Services Provided

  20. What are the benefits to forming a cooperative?

  21. What are the challenges to forming a cooperative?

  22. Benefits & Challenges • Number of people involved • Complexity of decision making • Cultural perceptions • Costs to buy-in • Access to quality services and supplies • Increase clout in marketplace • Share in earnings • Political action • Local economy enhanced and protected

  23. Common Practices in Cooperatives

  24. Patronage Refund System

  25. Limited Return on Equity Capital

  26. Cooperation Among Cooperatives

  27. Finance For The Cooperative

  28. Finance For The Cooperative

  29. Review/Summary • Today we learned that a lot of the services we use daily are provided by various types of cooperatives at the local, regional, and national level. In today’s business world, cooperatives offer a different dynamic and structure. Cooperatives are owned and controlled by the people that use its services, and whose benefits are distributed equitably on the basis of use and ownership. Overall, it is based on the concept of cooperation to achieve a common goal. To accomplish this common goal, cooperatives must have a structured governance system that is guided by the 3 pillar and 7 principles models.

  30. Cooperative State of Mind Review

  31. Exit Cards

More Related