Excerpt from The Modern Farm Cooperative Movement
Many interests and individuals having no knowledge of, or means to acquaint themselves of the facts, have assumed this attitude.
The chief objection urged against socialism is that it destroys private initiative, deprives the community of competition as between individuals and industries and secures profits to be distributed for the common good of all. In other words, the incentive to achieve for self is taken away.
The farm cooperative movement incorporates nothing of this purpose. In fact, it is the exact reverse. Its central purpose is to distribute the earnings or savings it makes through more efficient and direct methods of distribution and marketing on a patronage dividend basis, which is to say that the individuals furnishing the most patronage or business to the cooperative association secure the most in earnings, profits or savings, as one cares to designate them.
It is merely a tool in the hands of the farmers and the producers to shorten the line from the farm to the consumer but, at the same time, preserve the essential features of the Service now rendered by our marketing system.
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