Farmers in 14 states now benefit from the vision the founders of Kentucky Organic Farm and Feed Inc. had in 2009. From serving just two farms to farms all over the region, Kentucky Organic Farm and Feed Inc. (KOFFI) of Guthrie, Kentucky is the leading organic feed and fertilizer supplier in the area, offering 100% certified organic feed of any type to a wide variety of customers.
Co-op 101: Limited Cooperative Associations
In the last 20 years, several states, including Kentucky, have passed statutes that have created a new cooperative business structure, the limited cooperative association (LCA) that is a hybrid of a traditional cooperative and a limited liability company (LLCs).
Co-op 101: Types and Examples of Cooperatives
Cooperatives exist in every sector of the economy, and cooperatives range from very small, local businesses to large multi-national corporations. Cooperatives can be classified by their primary business activity. Co-ops are often categorized as marketing, supply (or purchasing), consumer, service, and worker.
Co-op 101: Who Manages a Co-op?
The day-to-day business operations of a cooperative are for the most part no different than any other business, but one of the key differences is that people who patronize the business play an active role in its governance. Cooperatives are democracies, and they are dependent upon the active participation of its members.
What is a Cooperative Development Center and why is KCARD one?
Kentucky Center for Agriculture and Rural Development (KCARD) is a cooperative development center, providing education, support, and advisory services to groups interested in forming cooperatives and to cooperatives who have already formed. KCARD has served these needs in Kentucky since 2001 providing assistance to over 50 cooperatives and helping with the establishment of 27 cooperatives.
Co-op 101: What makes a Cooperative a Cooperative?
So, what is a cooperative? According to Merriam-Webster Dictionary, a cooperative is “an enterprise or organization owned by and operated for the benefit of those using its services.” Put simply a cooperative is a business owned and controlled by the people that it services.