Agricultural cooperative
Agricultural cooperative
Agricultural cooperative (pronunciation: /ˌæɡrɪˈkʌltʃərəl ˈkoʊərəˌtɪv/), also known as an agricultural co-op, is a type of cooperative that unites agricultural producers, such as farmers or ranchers, on a voluntary basis.
Etymology
The term "agricultural cooperative" is derived from the Latin words agricola meaning 'farmer' and cooperativus meaning 'working together'.
Definition
An agricultural cooperative is a cooperative where farmers pool their resources in certain areas of activity. This can include pooling resources for marketing, supply chain, research and development, and production purposes.
Related Terms
- Cooperative: An autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
- Marketing Cooperative: A type of cooperative that helps producers in selling their products by pooling production and marketing resources.
- Supply Chain Cooperative: A cooperative that helps members manage their supply chain, from procurement of inputs to distribution of outputs.
- Production Cooperative: A cooperative where members pool their resources for production purposes.
- Research and Development Cooperative: A cooperative that pools resources to conduct research and development activities.
See Also
External links
- Medical encyclopedia article on Agricultural cooperative
- Wikipedia's article - Agricultural cooperative
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