How will a cooperative differ from historic Sacks Feed?
Will I be able to shop at the Co-op without owning a share/being a member?
Will I have to pay for my co-op membership all at once?
In order to get the co-op started, we need as many members as possible to pay up front. The co-op will likely be able to eventually offer a way to pay for a new membership a little at a time. (To be established by the by-laws; presently in editing as of August 2010.)
Why all this hassle? Why doesn't somebody just up and buy Sacks already?
Good question. I think we all know that Sacks is for sale. The property will eventually be sold. The Sacks name may go with it, may be sold as a separate property, or may lapse.
What will happen if someone else buys Sacks?
All Co-op members will discuss, and then vote, on how to proceed (continue working on the co-op idea, donate the money to a farmers market, etc.). All members and shareholders will be given the chance to withdraw their money. Any start-up donations not already spent will be used or distributed as decided by a vote of the members.
Will I have to volunteer a certain number of hours every year?
Maybe, this will be decided by a vote of the members. At this point it is expected that any volunteer requirements will be minimal. (To be established by the by-laws; presently in editing as of August 2010.)
How can I help make this happen?
Attend the planning/working meetings, actively take part in the decision making process, become a member, purchase capital shares, and tell others about this effort.
Can I get my money back if I change my
mind about being a cooperative member?
How exactly will this benefit local farmers/producers?
By purchasing supplies and equipment cooperatively and in bulk, they can lower their costs. The co-op will also provide a local sales outlet for their products. We also intend to remain responsive to changing community needs, and to facilitate special orders.
Will I be able to buy things on store credit at the co-op?
No. The Co-op does not currently have sufficient financial reserves to extend store credit.
Will I be able to use my credit card to purchase things at the Co-op?
Yes, when we have a store front established. However, the credit card processing fee, which many businesses absorb the cost of, may be passed on to the purchaser. The Co-op is working to keep as much money as possible in the local economy, and trying to keep costs for its members as low as possible. (To be established by the by-laws; presently in editing as of August 2010.)
What advantages would there be to the Co-op in acquiring Sacks Feed instead of just starting out in somewhere cheaper?