CoBank report: Farm supply co-ops should rethink business models
By Amie Simpson, Brownfield
November 16, 2020
Farm supply cooperatives are a major provider of agricultural inputs but competition from other growing regions and low commodity prices in recent years have challenged their business models.
A new report by CoBank outlines ways that co-ops can create additional value and look at other options beyond consolidation.
CoBank Lead Economist Ken Zuckerberg says…“we’ve seen a lot of consolidation in the co-op space, but our feeling is that consolidation does not solve underlying fundamental issues.”
He tells Brownfield co-ops should consider partnering with an aerial imagery or robotics company...