Cooperative

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Cooperative

An association or corporation established for the purpose of providing services on a nonprofit basis to its shareholders or members who own and control it.

The nature and functions of cooperatives differ considerably—such as purchasing cooperatives, consumer cooperatives, and marketing cooperatives.

In the context of agriculture, a farmers' cooperative refers to an organization of farmers residing in the same locale that is established for their mutual benefit in regard to the cultivation and harvest of their products, the purchase of farm equipment and supplies at the lowest possible cost, and the sale of their products at the maximum possible price.

The term cooperative also signifies the ownership of an apartment building by a nonprofit corporation that holds title to it and the property upon which it is situated. Stock in the corporation is allotted among the apartment units on the basis of their relative value or size. The right of occupancy to a particular apartment is granted to each cooperative member, who purchases the shares assigned to the desired unit. The member subsequently receives a long-term proprietary lease to that unit. The rent payable pursuant to the lease is that member's proportionate share of the expenses the corporation incurs in operating the cooperative—such as insurance, taxes, maintenance, management, and debt service. The cooperative concept evolved in New York City during the early 1900s as a mode of accommodating the public's desire for home ownership; it subsequently expanded to other large urban centers.

In order to finance the purchase or construction of the cooperative building, the cooperative places a blanket mortgage on the property, which is pledged to support the given debt. Lenders usually are hesitant to accept an individual member's stock and proprietary lease as security for a long-term loan. The members' lien (a claim on property to satisfy a debt) on the lease would be subordinate to the blanket mortgage on the property. The purchaser of a cooperative apartment usually must have sufficient cash available to pay for the stock allotted to the unit he or she wishes to obtain. The initial price of the stock generally does not exceed the amount required for a down payment on a single-family residence. As cooperative members accumulate Equity (the value of property exceeding the total debts on it) in their stock, subsequent purchasers must either have a substantial amount of cash available or locate a seller who is willing to recoup the equity in installments over several years.

Cooperative members are also financially dependent on each other. The existence of a single blanket mortgage paid by rent receipts means that if several members default in their rent payments, the corporation might not have sufficient funds to pay a mortgage loan installment. Foreclosure will ensue in regard to the entire membership unless it acts to satisfy the default. Although special reserves and assessments are generally employed to cover such a contingency, the available funds might be inadequate to prevent default.

cooperative

n. an association of individual businesses, farmers, ranchers, or manufacturers with similar interests, intending to cooperate in marketing, shipping and related activities (sometimes under a single brand name) to sell their products efficiently, and then share the profits based on the production, capital or effort of each. "Sunkist" oranges is an example of a large cooperative. Cooperatives include dairy milk producers, cotton gins, and thousands of other enterprises of all sizes. There are also cooperatives in which consumers form retail outlets like grocery stores and share the profits based on the amount of patronage of each member, but they have found it difficult to compete with the giant supermarket chains.

References in periodicals archive ?
Por tudo o que foi visto ate agora, consideramos que as atividades de ATER podem ser consideradas um tipo especifico de educacao cooperativista, ja que fazem parte dos processos que articulam a cooperativa e seus cooperados, incluindo-se nas atividades de capacitacao produtiva as questoes vinculadas a producao da forma anteriormente descrita.
A necessidade dessa complementacao da formacao academica e clara quando analisamos todas as influencias e interesses externos (legislacoes, diretoria da cooperativa e cooperados, dentre outros) que os agentes de ATER devem articular para alcancar os objetivos do seu trabalho.
Observa-se que ha acoes que visam atender as necessidades dos seus colaboradores, bem como tem-se investindo em acoes em prol da capacitacao e desenvolvimento profissional, e um dos meios que a Cooperativa encontrou para buscar a excelencia de suas pessoas.
"(...) nos investimos em acoes que incentivam os colaboradores a permanecer aqui na cooperativa (...) os beneficios que sao ofertados sao bons porque alem de onerar nossos colaboradores favorece a eles uma melhor qualidade de vida (...) tambem vejo que essa nossa politica auxilia eles a se desenvolver profissionalmente porque oferecemos diversos cursos, assim na minha visao eles tem mais chances de crescer aqui na cooperativa (...) (E4).
A aplicacao das entrevistas ocorreu na sede da cooperativa, em local reservado (sala de reunioes dos cooperados) para garantir a concentracao do entrevistado, evitando, assim, influencias externas.
Na proxima secao descrevem-se os resultados da aplicacao das entrevistas e as proposicoes de melhorias feitas a cooperativa analisada.
Uma das inciativas de destaque da cooperativa Alpha e o programa chamado PAPS (Programa de Aumento de Produtividade e Sustentabilidade).

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