the cooperative enterprise in new york state -...

The Cooperative Enterprise in New York State - 2017

Cornell University Cooperative Enterprise Program - PurposeCommunicate 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 StatementItem 2015 2014 Change

$Billion $Billion PercentMarketing 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 1.3Liabilities 47.715 49.487 (3.6)Members’ equity 40.514 37.596 7.8Liabilities and net worth 88.229 87.083 1.3Ratios

Debt-to-assets 0.54 0.57 Total Liabilities / Total Assets

Equity-to-assets 0.46 0.43 Total Equity / Total Assets

Return on total assets (%) 9.31 9.16 (Net income before taxes + Interest) / Total Assets

Return on member equity (%) 29.01 28.77 Net income after taxes / Allocated Equity


U. S. Cooperative Activity – People

Item 2015 2014 ChangeEmployees (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%)


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.


Cooperatives doing business in NYS

Cooperatives headquartered in NYS 2015 2014 ChangeNumber 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 cooperativesDairy – 37 Accounting – 1 Farm supplies – 4 Vegetable – 2 Dairy records – 2 Fruit – 7 Artificial insemination – 4Livestock – 2 Finance – 2 Maple – 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.Wool – 1

Farm Credit East, ACA

• Totalloans:$6.094billion,up6.1%• Netincome:$143.2million• Cashpatronage:$53millionqualifieddistribution• Loanportfolio:

• NewYorkState– 48%• Dairy– 21.7%• Cash/fieldcrops– 10.7%• Livestock– 9.2%• Fruit– 8.7%• Greenhouse/nursery– 8.2%

Rationale

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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