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This site has been made possible through
support from:
- and the University of Manitoba
Over the past decade, more than 100 new
generation cooperatives (NGCs) have been established on the northern plains
of the United States. NGCs represent the entrepreneurial efforts
of agricultural producers who want to expand into business operations that
occur past the farm gate. There is a growing interest among
producers across western Canada in NGC formation. The purpose of
this site is to provide an overview of some of the key factors involved
in forming an NGC in Manitoba. Its intended audience includes agricultural
producers, commodity groups, and other parties who are interested in the
idea of adding value to their farm commodities. The contents of this
site provide only a rough guideline for NGC development. The site is by
no means all-inclusive. Instead, it is meant to serve as a tool to
help interested parties along the path to starting a successful NGC.
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Table
of Contents
Background
Features of New
Generation Cooperatives
Delivery
rights tied to the level of equity investment
Membership
level based on processing capacity
Significant
level of initial equity investment
Opportunity
for appreciation or depreciation in the value of delivery rights
Capacity
expansion typically funded by new issues of delivery rights
Overview of Available
Business Structures
Cooperatives
Corporations
Sole proprietorships
Partnerships
(and limited partnerships)
Factors Involved
in Successfully Starting an NGC
Leaders
Early Funding
Requirements
Gauging the Level of Producer Interest
Feasibility
Study
Business Plan
Equity Drive
Member
Characteristics
Legislative aspects of New Generation Cooperatives
Legal Requirements
Involved in Creating a Cooperative in Manitoba
Other Start-up
Considerations
Share Structure
of NGCs
Taxation of Canadian
Cooperatives
Difficulties
Most Often Encountered by New Cooperatives
Potential Sources
for Assistance
Useful Internet
Links
We hope you find this site useful.
Any comments, questions, or concerns should be directed to Michelle
Bielik by e-mail
or mail to:
Brian Oleson
Department of Agribusiness and Agricultural
Economics
Faculty of Agricultural & Food Sciences
364 - 66 Dafoe Rd.
University of Manitoba
Winnipeg, MB R3T 2N2