Producers cooperative society is a type of cooperative society where members are producers of goods and services and they come together to Achieve common goals like better prices ,reduced cost and increased market access.
Membership
Open to producers of a specific products or services like farmers , artisans or craft men
Objectives
To improve members economic status , promote their interest and provide support in production, processing and marketing
Functions
Provide inputs like seeds, fertilizers or equipment, offer training and technical assistance
Facilitate marketing and sales by:
Negotiating prices with buyers
Offer credits facilities or financial assistance
Benefits to members
Better prices for products
Reduced cost to through bulk purchases
Improve markets access
Increase bargaining power
Opportunities for skill development
Examples of A Agricultural producers cooperative societies includes
Agricultural cooperative
Craft cooperative
Fishing cooperative
B Agricultural producers cooperative society
This comprises of small farmers especially small scale ones .
Thier membership
Open to farmers ,livestock producers and other agricultural producers
Their objectives
To improve farm income ,reduce costs and increase productivity
Their services
Provide farm inputs like seeds, fertilizers and equipments
Offer extension services and training on best practices
Facilitates marketing and sales of supplies
Offer credits facilities or financial assistance
Benefits for members
Access to better prices for produces
Reduced costs through bulk purchases
Improved access to markets and buyers
Increased bargaining power
Opportunities for skill development, knowledge sharing
Some examples of Agricultural producers cooperative societies in Nigeria are
Agricultural development projects -ADPs
Farmers cooperative society
Multipurpose cooperative societies
C – Business enterprise of Agricultural multipurpose cooperative societies includes
Producers multipurpose cooperative society is a type of cooperative society that offers a range of services to its members going beyond just one specific areas such as
Agricultural business services
Input supply like seed, fertilizers and farming equipments
Output facilities like loans or savings
Processing and storage
Transportation and logistics
Production divisions
Farming like crops production , livestock farming
Agro processing valve addition
Trading involving buying and selling
Mechanization services
In conclusion there are numerous benefits arising from joining a producers multipurpose cooperative society with active membership participation such as
Increased income for members
Improved productivity
Better access to markets
Reduction purchasing cost and
Increased your bargaining power
Empower yourself by been a member of a producers multipurpose cooperative societies in your locality.
– Benjamin Ibrahim writes from Lokoja, Kogi state.
+2348069596250
