The Cooperative Enterprise in New York State

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1 The Cooperative Enterprise in New York State

2 Cornell University Cooperative Enterprise Program - Purpose Communicate value Communicate value of cooperative structured businesses located or doing business in New York State Support formation of cooperative businesses Assist individuals interested in forming a cooperative or group-action organization Partnerships & Collaborations Collaborate with Northeast Cooperative Council to provide professional development for boards of directors, management and employees

3 Aggregated U.S. Income Statement Item Change $Billion $Billion Percent Marketing (15.5) Farm supplies (11.8) Service (5.9) Total sales (13.9) Patronage income (21.4) Non-operating income (36.0) Total gross business volume (14.0) Business between cooperatives (11.5) Total net business volume (14.5) Net income Source: Wadsworth, J. et. al Co-ops Set Net Income Record. Rural Cooperatives. Rural Cooperatives. USDA. Rural Development. Washington, DC. 83(6). November/December.

4 Aggregated U.S. Cooperative Balance Sheet Item Change $Billion $Billion Percent Assets Liabilities (3.6) Members equity Liabilities and net worth Ratios Debt-to-assets Equity-to-assets Return on total assets (%) Return on member equity (%) Total Liabilities / Total Assets Total Equity / Total Assets (Net income before taxes + Interest) / Total Assets Net income after taxes / Allocated Equity Source: Wadsworth, J. et. al Co-ops Set Net Income Record. Rural Cooperatives. Rural Cooperatives. USDA. Rural Development. Washington, DC. 83(6). November/December.

5 U. S. Cooperative Activity People Item Change Employees (thousands) Full-time % Part-time, seasonal (8.4%) Total (2.1%) Memberships (Number) 1,921,023 1,995,739 (3.7%) Cooperatives (Number) 2,047 2,106 (2.8%) Source: Wadsworth, J. et. al Co-ops Set Net Income Record. Rural Cooperatives. Rural Cooperatives. USDA. Rural Development. Washington, DC. 83(6). November/December.

6 Cooperative Activity New York State Item Change $Million $Million Percent Marketing 1, ,448.1 (51.7) Farm supplies (24.8) Service (72.2) Gross business volume 1, ,873.0 (49.1) Business between cooperatives (65.3) Net business volume 1, ,431.6 (46.8) Cooperatives doing business in NYS (Note: Table reflects activity of all agricultural cooperatives doing business within NYS. Source: Wadsworth, J. et. al Co-ops Set Net Income Record. Rural Cooperatives. Rural Cooperatives. USDA. Rural Development. Washington, DC. 83(6). November/December.

7 Cooperatives doing business in NYS Cooperatives headquartered in NYS Change Number of cooperatives (3.9%) Number of memberships 4,414 5,787 (23.7%) Net business volume ($ millions) 1, , (46.4%) Marketing cooperatives Service cooperatives Supply cooperatives Dairy 37 Accounting 1 Farm supplies 4 Vegetable 2 Dairy records 2 Fruit 7 Artificial insemination 4 Livestock 2 Finance 2 Maple 1 Wool 1 Estimated that top 50 dairy cooperatives market 80% of milk produced in the U.S. Eleven of the top 50 have members located in NYS.

8 Farm Credit East, ACA Total loans: $6.094 billion, up 6.1% Net income: $143.2 million Cash patronage: $53 million qualified distribution Loan portfolio: New York State 48% Dairy 21.7% Cash/field crops 10.7% Livestock 9.2% Fruit 8.7% Greenhouse/nursery 8.2%

9 STuff

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12 Rationale Dummy Text dimensionalization of the Dyson brand Undergraduate and graduate students and faculty, staff, alumni, recruiters Explored meaning and experience of the brand Dummy Text Determine how brand dimensions contribute to brand Meaning and/or differentiation Dummy Text

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