Yes, UFA is indeed a co-operative. It operates as a member-owned organization deeply rooted in the agricultural sector and rural communities.
Understanding UFA's Co-operative Model
UFA, which stands for United Farmers of Alberta Co-operative Limited, was founded in 1909. From its inception, it has been structured as a progressive co-operative with a strong dedication to agriculture and a close connection to rural life. This means that, unlike traditional corporations owned by shareholders, UFA is owned and democratically controlled by its members—typically farmers and ranchers who utilize its services.
Key characteristics of UFA as a co-operative include:
- Member Ownership: Members contribute to the capital of the co-operative and have a say in its governance.
- Democratic Control: Each member usually has one vote, regardless of their financial contribution, ensuring equitable control.
- Focus on Member Needs: The primary purpose of a co-operative is to serve the needs of its members, rather than maximizing profits for external shareholders. Profits are often reinvested into the co-operative to improve services or distributed among members based on their patronage.
- Community Commitment: Co-operatives often have a strong commitment to the sustainable development of their communities. UFA's long-standing presence and support for the agricultural community exemplify this principle.
This model allows UFA to remain responsive to the needs of the agricultural industry and rural residents, providing essential products, services, and expertise.
A Legacy of Support for Agriculture
With over a century of operation, UFA has grown into a thriving entity that continues to serve Alberta's agricultural and rural sectors. Its co-operative structure ensures that its operations and strategic decisions are aligned with the interests of the very people it serves, fostering a collaborative environment for shared success. For more information about UFA and its services, you can visit their profile on the Alberta Association of Agricultural Societies website.
