The Strength and Power of Cooperativesworking together to achieve success
North Dakota Farmers Union continues to work on behalf of
North Dakota farm families and their locally-owned cooperatives.
Meet Your Co-ops
North Central Grain Cooperative
with locations in Bisbee • Perth • Rock Lake • Rolette • Rolla • Dunseith • Overly
North Star Coop
with locations in Cavalier • Neche • Park River
is an agricultural supply cooperative located in the northern Red River Valley, dealing in agricultural products, propane, fuel, oil, full automotive shops, convenience stores, and hardware stores.
Farmers Union Oil Co. of Stanley
Pinnacle is a member owned cooperative whose goal is to provide expert service, timely delivery of quality products and services at competitive prices. Be sure to check out their Facebook page and give them a like to keep up with all of their activiy.
Farmers Union Oil Co. of Turtle Lake
Turtle Lake Farmers Union Oil Co.
Located in Turtle Lake, the co-op provides full agronomy services along with a retail location for seed and chemical, seed treating and custom application. They also have a gas station and a C-store; they really do it all!
Farmers Union Oil Co. of Watford City
The Farmers Union Oil Co. of Watford City offers gas and diesel, socks, and everything in between. They also have clothing and hardware as well. Be sure to visit their brand new website to check out more about them, view their catalogs and get access to your account!
Farmers Union Oil Co. of Hope
58 years of service to our loyal patrons
108 Steele Ave, Hope
Arrowwood Prairie Co-op
with locations in Wimbledon •
Carrington • Sutton • Cooperstown
What is a Cooperative
A cooperative (co-op) is defined as: “a farm, business, or other organization that is owned and run jointly by its members, who share the profits or benefits.” A co-op is owned and democratically controlled by people who use its services. Cooperatives exist primarily to serve their members. They pay tax on income kept within the cooperative for investment purposes and as a reserve, while surplus revenues from the cooperative are returned to the members, who pay tax on that income.
The Rochdale Principles are a set of ideals for the operation of cooperatives that were first set out in 1844 by the Rochdale Society of Equitable Pioneers in Rochdale, England. They have formed the basis for the principles on which cooperatives around the world continue to operate.
• Open membership – anyone can join
• Democratic control – one member, one vote
• Limited return on invested capital
• Patronage refunds in proportion to each member’s volume of business
• Sales at competitive prices
• Political and religious neutrality|
• Continuing cooperative education program
• Continuous expansion
Toad Lane Museum – the first premises of “The Rochdale Pioneers” early successful retail Cooperative, Rochdale England.
Loyalty has rewards
The people who purchase products and services from a cooperative are the stockholders or “member-owners” of the business. All members share in the profits of the business rather than just a few investors.
If the cooperative has a profitable year, you will receive a cash dividend based on the amount of business you did at the co-op. You will also build stock in your local cooperative that will be paid back to you in cash at a later date.
It pays to shop at your local co-op.
The next principle we want to learn about is Democratic Control. In a co-op, democratic control means: one member, one vote. This was put in place to be sure that every member’s interest was covered. The belief for this principle is that every member is equal as a person, and that the cooperative belongs to the members and they have the right to manage it in such a way that the organization function like a democratic institution.
Your voice counts, especially in a cooperative!
Equitable Economic Participation
The next principle that we want to discuss is the Equitable Economic Participation of a co-op or the member economic participation. This means when there is a surplus (or profit), the distributions are to be allocated back to the member in proportion of use (dollars spent) a portion as a cash patronage refund and as allocated Equity. The equity portion is used for improvements, expansions or adding new services for the membership, or any other activities supported by the membership. Allocated equity is the portion of ownership the member has in the cooperative.
Cooperatives are businesses that exist to improve the lives of those that participate in them, by providing goods and services their members need. This principle shows the responsibilities of the members of a co-op and how money is to be treated in the co-op business association.
Autonomy and Independence
The next principle we are going to discuss is autonomy and independence, which means cooperatives are self-help organizations controlled by their members. If they enter into agreements with other organizations, they do it in a way so the members can keep democratic control.
This principle is in place to help make sure you stay in control of your cooperative!