Co-Op Marketing CDE

As in other states, many producers in California belong to two or more cooperatives.

Equity is the net worth of a business in accounting terms, rather than the market value.

In general, pool payment schedules are divided into four categories based on timing.

When starting a cooperative, the Articles of Incorporation must be filed with the DFA

4 Farm Credit Banks provide lending capital to 3 PCAs, 15 FLCAs and 80 ACAs.

Decides cooperatives operating policy

Which is not a factor involved in capital revolving fund?

Founded in 1916 and is a trade association which represents cooperatives in all industries

Direct investment by members represents only a minor source of equity.

The Board of Directors determines a cooperative's business strategies and operating policies.

Formed in 1848, Associated Press is 1 of the best known non-agricultural service cooperatives.

Cooperatives may be termed local, regional, or American, depending on the area they serve.

The Farm Credit Council is a New York City based private trade association.

Refers to marketing functions of farmer coops, not including purchasing or service functions:

Marketing pools include accounting and commodity handling practices to combine crops delivered

Organized in 1919 as a private trade organization

Retains are always in proportion to a members patronage of the cooperative.

Agriculture is a multi-million dollar industry in California.

The largest bargaining cooperative is the Farm Credit System.

Marketing pools eliminate the need for separate accounting and handling of each members lot.

The US hasn't added much to the world food supply due to complex and constantly changing system

The California Walnut Growers Association was founded as a federal cooperative in LA in 1912.

Blue Diamond is a cooperative famous for selling walnuts.

Value Added is the increase in the value of a good at each stage of production.

Which is considered an economic ill the American private free enterprise system can suffer from

The FCS consists of the Farm Credit Bank, Agricultural Credit Bank and 203 local associations.

Corporations do not pay all of a given year's profits out in dividends.

Agricultural coops are classified by geographic area, membership type & business function

The American Private Enterprise System is based on freedom.

The fundamental reason for forming an agricultural cooperative is:

Businesses are classified by their ownership. There are 4 basic types of ownership.

Articles of Incorporation is a legal document describing the kind of business it may conduct.

All cooperatives adhere to the "one member, one vote" rule.

Retained patronage earnings and per-unit retains are usually returned in full to the producer.

The 4 basic functions of cooperatives include supply, bargaining, marketing, and recruitment.

A partner cooperative can operate, without reorganization, if a a partner dies or wants out.

Sponsors highly specialized, up-to-date education for directors of member cooperatives

Coops adopted rigid membership requirements based on commodity,variety, and geographic location

In a centralized cooperative, the members are individual farming operations.

California Ag. directly or indirectly accounts for 16% of the state's total gross product.

"Bargaining power" refers to the ability to influence the outcome of the price making process

The "Exploring Farmer Cooperatives" booklet is published by the Agricultural Credit Bank.

Progress payments intend to provide a flow of money to growers as their crop sales progress

Marketing refers to the activities necessary to get a product from the farm to the consumer.

Formed in 1971, Pacific Coast Producers is:

Early American agricultural cooperatives started with unincorporated organizations around 1775.

Congress created 12 Federal Intermediate Credit Banks to provide short-/intermediate-term funds

Amount of equity capital is important to lending institutions when applying for business loans.

As cooperatives grow larger, the members:

A small number of cooperatives pay interest to their members on revolving fund credits.

In the list below, which is not a function of the Agriculture Council of California?

Depreciation is an accounting method that records the increase in value of a long-lived asset.

Growth in the industry made California the nation's top dairy state by the 1900's.

Buyers create "supply" and producers are the creates of "demand".

Some low-profit grocery stores charge food processing companies a "slotting fee".

The American private enterprise system has created the greatest material wealth in the world.

Agricultural cooperatives headquartered in California totaled 278 in the year 2000.

Approves or rejects amendments to bylaws

Determines cooperatives business strategies and broad policies

The APES is based on government willingness to provide leadership to individuals and businesses

According to the USDA, there were________ agricultural cooperatives in the nation in 2000:

There were over 4,000 agricultural cooperatives serving as producers in the US in the 2000.

There is a large number of supply cooperatives in California.

Which is a primary way for producers to provide equity to their cooperative?

Blue Diamond Growers and Sun-Maid Growers are examples of federated cooperatives.

In a 50-year period, 1000s of coops were formed through sponsorship of different organizations.

Provides expert advice for long-range planning

It is uncommon for cooperatives to buy raw commodities from outside the membership.

California was fifth in cooperative net business volume with $7.8 billion in 1999.

Sunsweet Growers is the world's largest marketer of dried plums and prune juice.

Cooperative income derived from non-member or not-patronage business is an important source of:

The averaging of net returns to producers for a particular grade or variety of product

The members of federated cooperatives are other cooperatives.

The Philadelphia Contributionship for Insurance of Houses from Loss of Fire was formed in 1652.

Located at 1225 H. Street, Sacramento, California

It is very unusual for a cooperative to have a waiting list of producers seeking membership.

Defined cooperative associations which are eligible to borrow from a Bank for Cooperatives.

The fundamental reasons for forming an agricultural coop. Is the same as 150 years ago

To more nearly tailor production to plant capacity and consumer performance cooperatives are:

Common non-agricultural cooperatives include housing, childcare, and worker cooperatives.

California Canning Peach Association is California's oldest cooperative bargaining organization

California cooperatives had over 50,000 members in 1999.

Topco's is a wholesale cooperative who's members are small to medium sized grocery store chains

Known as the Minneapolis Coop. Creamers Association, Land O'Lakes developed a national presence

By joining a cooperative, producers expect to gain clout in the marketplace.

All businesses require "capital" in order to operate.

Cooperatives usually engage in 1 of 4 basic functions:marketing, bargaining, supply, or service

The Council of California was organized in 1919 and represents major California Cooperatives.

Limited competition by producers results in a natural balance between supply and demand.

The United States Department of Agriculture now operated the Farm Credit System.

Besides taking possession of their members harvest, bargaining coops own trucks and warehouses.

Approximately 55.7% of cooperative members were in purchasing (supply) cooperatives in the US.

The Associated Press was founded in 1948.

"Volume voting" has no limits placed on the number of additional votes one member is allotted.

Prepares annual budget

Members are required to sign marketing contracts with the cooperative.

Free competition results in a natural balance between supply and demand.

The Robinson-Patman Act is a state law against price discrimination.

Created by the United States Congress in 1978

The development of the Farm Credit System started with: