The Cooperative Enterprise in New York State

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The Cooperative Enterprise in New York State - 2017

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

Aggregated U.S. Income Statement Item 2015 2014 Change $Billion $Billion Percent Marketing 124.89 147.73 (15.5) Farm supplies 81.71 92.62 (11.8) Service 3.94 4.18 (5.9) Total sales 210.54 244.54 (13.9) Patronage income 0.84 1.07 (21.4) Non-operating income 0.68 1.07 (36.0) Total gross business volume 212.06 246.67 (14.0) Business between cooperatives 32.17 36.38 (11.5) Total net business volume 179.89 210.29 (14.5) Net income 7.03 6.47 8.7 Source: Wadsworth, J. et. al. 2016. Co-ops Set Net Income Record. Rural Cooperatives. Rural Cooperatives. USDA. Rural Development. Washington, DC. 83(6). November/December.

Aggregated U.S. Cooperative Balance Sheet Item 2015 2014 Change $Billion $Billion Percent Assets 88.229 87.083 1.3 Liabilities 47.715 49.487 (3.6) Members equity 40.514 37.596 7.8 Liabilities and net worth 88.229 87.083 1.3 Ratios Debt-to-assets 0.54 0.57 Equity-to-assets 0.46 0.43 Return on total assets (%) 9.31 9.16 Return on member equity (%) 29.01 28.77 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. 2016. Co-ops Set Net Income Record. Rural Cooperatives. Rural Cooperatives. USDA. Rural Development. Washington, DC. 83(6). November/December.

U. S. Cooperative Activity People Item 2015 2014 Change Employees (thousands) Full-time 136.3 135.6 0.5% Part-time, seasonal 51.0 55.7 (8.4%) Total 187.3 191.3 (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. 2016. Co-ops Set Net Income Record. Rural Cooperatives. Rural Cooperatives. USDA. Rural Development. Washington, DC. 83(6). November/December.

Cooperative Activity New York State Item 2015 2014 Change $Million $Million Percent Marketing 1,664.4 3,448.1 (51.7) Farm supplies 297.0 395.1 (24.8) Service 8.5 29.8 (72.2) Gross business volume 1,969.8 3,873.0 (49.1) Business between cooperatives 142.8 441.5 (65.3) Net business volume 1,827.0 3,431.6 (46.8) Cooperatives doing business in NYS 64 63 (Note: Table reflects activity of all agricultural cooperatives doing business within NYS. Source: Wadsworth, J. et. al. 2016. Co-ops Set Net Income Record. Rural Cooperatives. Rural Cooperatives. USDA. Rural Development. Washington, DC. 83(6). November/December.

Cooperatives doing business in NYS Cooperatives headquartered in NYS 2015 2014 Change Number of cooperatives 49 51 (3.9%) Number of memberships 4,414 5,787 (23.7%) Net business volume ($ millions) 1,736.66 3,239.12 (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.

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%

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