Cooperative Approach To Local Economic Development

Historically, the relationship between towns and surrounding farm families has ranged from suspicion to benign neglect. This book shows that rural America can be revived by uniting the interests of both farm and non-farm populations through value-added enterprises, especially those based on the principles of New Generation Cooperatives (NGCs). Instead of sending agricultural commodities out of the region to be processed, farmers and communities can collaborate to process the commodities locally, thereby adding value to the local rural economy.

In this edited volume, nationally recognized scholars discuss the on-going challenges to the agricultural sector such as declining farm subsidies and commodity prices, and the strategies used by rural communities to respond to economic decline. Specific attention is paid to the role of NGCs as a specific form of value-added agriculture which has helped some rural communities to prosper. The NGCs, however, extend well beyond traditional agriculture to include grocery stores, day care centers, and other businesses that have not always been profitable in small towns. The broader objective of the book is to show how increased collaboration among farm producers, small businesses, and community leaders can promote economic development in rural regions.

Suggestes increased collaboration among farm producers, small businesses, and community leaders to promote prosperity.

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Provides information on the role of New Generation Cooperatives (NGCs) in helping farm producers retain a merger share of the value added as produce moves through the food chain to consumers. Examines issues involved in the formation of NGCs and their use as a local economic tool in rural areas, and discusses the legal implications for pursuing various structural approaches. Surveys how co-ops have fared, their potential, and some of the limitations they have faced in operations, and concludes with discussion of ideas regarding the suitability of NGCs for expected events in the next 20 years and the contributions they can make to local economic development. Merrett teaches geography and Walzer teaches economics at Western Illinois University. Annotation c. Book News, Inc., Portland, OR (booknews.com)

CHRISTOPHER D. MERRETT is an Assistant Professor of Geography in the Illinois Institute for Rural Affairs at Western Illinois University.

NORMAN WALZER is Professor of Economics and Director of the Illinois Institute for Rural Affairs at Western Illinois University.