Question

In a Marketing Co-operative Society, separate representation in the board is provided to:

• A. Only individual members
• B. Only representative societies
• C. Shareholders and employees
• D. Individual members and representative societies

Answer 1

Answer:

D. Individual members and representative societies

Marketing Co-operatives:

• Marketing Societies emerged with a concept to avoid middle men and to offer better price to the Producers.

• It was formed by farmers, artisans and small producers.

• Simply saying, it is an association of cultivators organized on co-operative principles to perform marketing functions

• The birth place of marketing societies : USA

• No restriction for overlapping Marketing type co-operative societies

• First Co-operative marketing Society in India was in former Bombay presidency in 1915 - Hubli in Karnataka (to encourage cultivation of improved cotton and to sell it collectively.)

Classification:

• It is an agricultural non-credit society

• Rule 15 (2)(A) Mentioned about - Co-operative Marketing Society

Structure:

1. Primary marketing Societies

2. Federal Primary marketing Societies(having more than one district area of operation)

3. MARKETFED Kerala State Co-operative Marketing federation

4. NAFED (National Agricultural Co-operative Marketing Federation)

Primary Marketing Societies:

Area of operation:

• One or more than one Taluk may extended upto one or more than one districts

Membership

• Individual Cultivators & wholesalers

• PACS & Farming Societies (working under area of operation)

Management:

• Board of Directors consists of 9-11 members

• Separate representation in the board will be given to individual members as well as for the representative societies.

MARKETFED:

• Kerala State Co-operative Marketing federation (MARKETFED)

• 1960 march 25

• Present Headquarters of MARKETFED – KOCHI

Origin:

• MARKETFED was started on December 24, 1942 as a Malabar District Wholesale Co-operative Store with an area of operation throughout the old Malabar District.

• In 1958, it was renamed as South Malabar District Supply and Marketing Society Ltd.

• In 1958 the Store was brought under Plan Scheme and converted into a Marketing Society on 10th August 1960.

• In 25-3-1960, it was again renamed as Kerala State Co-operative Marketing Federation with headquarters at Kozhikode.

• It is the apex institution of the Marketing co-operatives in Kerala

•  Now more than 600 primary marketing societies under this federation.

Origin:

• Started on December 24, 1942 as a Malabar District Wholesale Co- operative Store

• In 25-3-1960, it was again renamed as Kerala State Co-operative Marketing Federation with headquarters at Kozhikode.

Objectives:

• To arrange for the purchase, marketing and sale of agricultural produce belonging to its affiliated societies and their members to their best advantage to with the country and outside.

• To own or rent godowns, open sales depots and branch offices to facilitate the purchase, storage and sales, of agricultural and other producers.