New Rockford Transcript - Official Newspaper of Eddy County since 1883

Co-Op fun facts: Oct. 17, 2022


October 17, 2022

• The co-op business model is at least 519 years old. The Shore Porters Society in Aberdeen, Scotland claims to have established the world’s first co-operative in 1498.

• There are over one billion co-op members in the world.

• Cooperatives exist in every sector of the economy. Daycares, breweries, community gardens and renewable energy producers are among the endless examples of cooperatives.

• As community-driven, member-controlled organizations, cooperative business start ups are twice as likely to succeed and still be in business after five years.

• Minnesota was the first state to declare an official Co-op Month proclamation in 1948.

• Co-op Month has been a nationally recognized celebration since 1964, when U.S. Secretary of Agriculture Orville Freeman, a former Minnesota governor, proclaimed October Co-op Month.

• The first national theme in 1964 was “Cooperatives: USDA Helps Build a Better America.”


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