In the world of cooperatives, success is measured not only by financial gains but also by the equitable distribution of those gains among its members. Unlike conventional businesses where profit maximization is often the primary objective, cooperatives follow a unique set of principles that prioritize the well-being of their members and the community. In this […]
Equity in the agriculture industry or in a cooperative refers to the value of the assets owned by the organization or its members after all the liabilities or debts are subtracted. Patronage refers to the practice of returning profits or benefits to the members of a cooperative or mutual organization, such as a farmers’ cooperative, in proportion to their use of the organization’s services or products.