Universal Cooperatives
Universal Cooperatives, based in Eagan, Minnesota, was a cooperative controlled by 17 regional agricultural marketing and agricultural supply cooperatives. The distribution system included 110 regional feed mills, 26 warehouses, and 7 research farms. The company was formed November 1, 1972 by a merger of United Cooperatives, Inc. of Alliance, Ohio and National Cooperatives, Inc. of Albert Lea, Minnesota. The companies had inter-mixed ownership, leading to merger discussion, and eventual merger. On May 11, 2014, Universal Cooperatives, Inc. and its domestic subsidiaries filed for voluntary Chapter 11 bankruptcy. United Cooperatives, Inc. United Cooperatives began in 1930 as Farm Bureau Oil Company, and changed its name in 1936. Founding members include: * Indiana Farm Bureau Cooperative Association, Indianapolis, Indiana * Farm Bureau Services, Inc., Lansing, Michigan * Ohio Farm Bureau Service Company, Columbus, Ohio National Cooperatives, Inc. National Cooperati ...
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Agricultural Cooperative
An agricultural cooperative, also known as a farmers' co-op, is a cooperative in which farmers pool their resources in certain areas of activity. A broad typology of agricultural cooperatives distinguishes between agricultural service cooperatives, which provide various services to their individually-farming members, and agricultural production cooperatives in which production resources (land, machinery) are pooled and members farm jointly.Cobia, David, editor, ''Cooperatives in Agriculture'', Prentice-Hall, Englewood Cliffs, NJ (1989), p. 50. Examples of agricultural production cooperatives include collective farms in former socialist countries, the kibbutzim in Israel, collectively-governed community shared agriculture, Longo Maï co-operatives and Nicaraguan production co-operatives.
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