Executing Vision

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Welcome!

• Executing Vision Strategy with Success
• 6th Annual Farmer Cooperatives Conference

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Conference Objectives

• Provide timely and highly relevant information on
  agricultural co-op issues.
• Presentations that are valuable to participants
  and encourage critical thinking
• Co-op leaders and academics
• Provide an opportunity to hear about and learn
  from each other.
• Discussion is key component.

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Planning Committee

• University of Wisconsin Center for Co-ops
• Kim Zeuli
• Anne Reynolds
• Bob Cropp
• Ashwini Rao
• Farm FoundationSteve Halbrook
• CHS Foundation Co-op Foundation
• William Nelson

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Planning Committee

• CHS IncBob Bass
• Cornell University
• Bruce Anderson
• Brian Henehan
• Iowa State UniversityRoger Ginder
• Kansas State University
• David Barton
• Mike Boland

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Planning Committee

• Michigan State UniversityChris Peterson
• North Dakota StateBill Nelson
• UC DavisShermain Hardesty
• UM-ColumbiaMike Cook

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Financial Sponsors

• University of Wisconsin Extension
• Farm Foundation
• Lindquist and Vennum
• Badgerland Farm Credit Services
• West Central
• Land OLakes
• CoBank
• Dorsey Whitney
• CHS Foundation The Co-op Foundation
• NCFC Education Foundation
• DFA

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• The collapse of Farmland has some farm groups
  worried that co-ops are losing their ability to
  compete with big food companies.
• --New York Times September
  16, 2003

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2002 Conference Restructuring for Troubled Times

• Co-ops struggle to meet changing demands and stay
  competitive
• Many reorganize, create subsidiary companies with
  alternative business structure, or enter into
  strategic alliances

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2002 Conference Restructuring for Troubled Times

• Forces behind co-op restructuring
• Consolidation (Wal-Mart)
• Member diversity
• Many examples of different types of
  strategies/restructuring
• Sun-Maid alliances

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2002 Conference Restructuring for Troubled Times

• The evolving co-op business structure
• Various definitions
• Wyoming model
• Legal and tax issues
• Case studies of 2 joint ventures
• CHS Cooperatives
• South Dakota Soybean Processors
• Factors for success

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Farmer Co-ops Conferences

• This year we focus on implementing those
  strategies.
• A Look to the Future
• 2002 Agricultural Co-ops in the 21st Century
  (USDA)
• What to take home?
• Final sessions offer key insights
• This year we have a review of case studies

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• Thank you!
• We appreciate your participation!