Agricultural Economics Department
Date of this Version
10-19-2022
Citation
Cornhusker Economics (October 19, 2022)
Agricultural Economics, University of Nebraska-Lincoln
Abstract
The National Cooperative Business Association CLUSA International states that there are 40,000 co-ops in the United States that range in size. Examples of cooperatives include the local Ace Hardware (purchasing cooperative) to Land O' Lakes. Cooperative businesses operate across virtually all industries, or sectors. The most common cooperative in Nebraska is the agricultural cooperative. According to the Nebraska Cooperative Council ag facts, in June 2020 there were 401 cooperatives located across the state providing jobs and services in many rural communities. In addition, there are over 64,400 farmers and ranchers that are voting members of Nebraska cooperatives with many members of more than one cooperative. Cooperatives have continued to be a viable business in Nebraska for over 100 years.
Included in
Agribusiness Commons, Agricultural Economics Commons, Entrepreneurial and Small Business Operations Commons