Virtual Kollage: The features of a co-operative system of farming

Posted by / Tuesday, 3 January 2017 / No comments

The features of a co-operative system of farming



THE FEATURES OF A CO-OPERATIVE SYSTEM OF FARMING
Definition a co-operative farm
Co-operative farming can be defined as an association of like minded farmers with the sole aim of pooling their resources together for agricultural production. Membership is voluntary and the idea is to help each other since they all individually have very limited resources to start with.

FEATURES
Membership is voluntary
One of the main features of co-operative farming is that membership of the group is voluntary. No member is coerced to become a member. Also the members have the right to leave the group once they have fulfilled all the requirements laid down for exiting and ensuring that most especially they do not owe any monies to the group.













Board of Directors
It has a Board of Directors that is charged with the responsibility of running the affairs of the society. The board is elected on the principle of one man one vote. In other words, each member of the society has only one vote, irrespective of his or her contribution to the society.

Established to provide service
Another feature of a co-operative farming enterprise is that it is not established mainly to make profit. Its main aim is to provide services to its members. Services include tractor services to plough their land, planters to plant seeds on the fields and mainly helping to acquire tools and services that would otherwise have been difficult to acquire as individuals. It does not however mean they do not make any profits at all, just that it is not the primary aim of the co-operative society.

No restriction on membership
Another feature of co-operative farming is that membership is not restricted to any group of people. It is opened to all and sundry irrespective of the one’s status, sex, religion or level of education.

Requires registration
The laws of many countries require co-operative farming societies to be legally registered according to the laws of the land. The laws of the land have laid down rules and regulations regarding registration and operation of such groups. In other words, there is a level of state control.

It is a legal entity
A co-operative farming society is a legal entity. In other words, it has the ability to sue and also to be sued. It can decide which assets to buy and when to hold onto such assets or to dispose of them.

SAMPLE QUESTIONS
1. What are the features of a co-operative farming group?

2. Highlight six features of a co-operative farming society.

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