Brief Summary of Minutes of Annual Meeting

General Training and Workshop for Cooperative Managers and Directors

Boland, M. A. , Association of Cooperative Educators, "Cooperatives and Geographic Indications," Minneapolis, Minnesota, United States. (July 26, 2018).

Boland, M. A. , Montana, Idaho, and Oregon Managers Association, "Current Cooperative Finance Issues," Montana State University Institute of Regulation and Applied Economic Analysis, Bozeman, Montana, United States. (July 19, 2018).

Boland, M. A. , Minnesota Association of Farm Mutual Insurance Association, "Governance of Mutual Insurance Firms," St Cloud, Minnesota, United States. (July 11, 2018).

Boland, M. A. (Author), Jacobs, K. (Author & Presenter), ICA2018 Research Conference, " Consolidation and Producer Impacts in U.S. Ag Co-ops: Is Bigger Better?," International Cooperative Alliance Research Conference, Wageningen, Netherlands. (July 5, 2018).

Boland, M. A. , Innovation in Agrifood Supply Chains: People-Planet-Profitability, "Technological Innovation in Agrifood Supply Chains in US, Europe and Emerging Markets," University of California, Berkeley, Berkeley, California, United States. (April 18, 2018).

Boland, M. A. , Southern Minnesota Beet Sugar Cooperative, "Capital Expenditures and Reinvestment Decisions," Renville, Minnesota, United States. (March 27, 2018).

Boland, M. A. (Author & Presenter), National Council on Farmer Cooperatives, "Defined Benefit Retirement Plans: Challenges, Changes, and Benefits of Cooperatives," New Orleans, Louisiana, United States. (February 9, 2018).

Boland, M. A. (Author & Presenter), Jacobs, K. (Author & Presenter), National Council on Farmer Cooperatives, "Equity Management and Tax Issues in Cooperatives," New Orleans, Louisiana, United States. (February 7, 2018).

Boland, M. A. , Cooperative Leadership Program, "Advanced Cooperative Finance," University of Minnesota, Morton, Minnesota, United States. (January 12, 2018).

Boland, M. A. , Cooperative Leadership Program, "Advanced Cooperative Governance," University of Minnesota, Morton, Minnesota, United States. (January 11, 2018).

Michael Boland, together with CoBank and California Center for Cooperatives, conducted educational training to 36 cooperative directors using case studies to highlight cooperatively owned business nuances impacting governance, finance, and strategy decision-making.

Brian Briggeman is the Director of the Arthur Capper Cooperative Center at Kansas State University. In that role he organizes, leads, and presents in 4 nationally recognized and attended programs. Over 350 cooperative directors, managers, and employees attended these events on topics ranging from cooperative finance to the agricultural outlook to how best to develop the next generation of employees. He also oversees the CoBank Research Fellowship program and ACCC cooperative scholarship program at Kansas State University.

Brian Briggeman received a “CoBank Cooperative Research and Education Fund,” KSU Foundation donation to the Arthur Capper Cooperative Center for $250,000. Project PI: B.C. Briggeman, 2018.

Brian Briggeman received the 2018 Apex Award, Department of Agricultural Economics at Purdue University.

Michael Cook conducted a Director Training, CRV Leadership Group, the Netherlands, July 24-25, 2018.

Michael Cook delivered Program: “GICL Summer Institute”, University of Missouri, Columbia, MO, May 21-24, 2018.

Keri Jacobs collaborates with the Iowa Institute for Cooperatives (IIC) to offer training to cooperative boards of directors in Iowa.  In 2018, 11 board members from 8 cooperatives participated in training on cooperative finance and equity management, and 12 board members from 8 cooperatives participated in basic training on the cooperative business model.  In addition, Jacobs collaborated with IIC to offer a workshop to co-op mid-managers on the co-op model and profitability factors.

Keri Jacobs collaborates with the Nebraska Cooperative Council on basic and advanced training to cooperative board members in Nebraska.  In 2018 she participated in programming on co-op financing and equity management, strategic planning, and strategic financial management and analysis.

Keri Jacobs.  “Cooperative Profits and Equity Basics.”  Mid-Iowa Cooperative Associate Board Training, Conrad, Iowa. February 13, 2018.

Phil Kenkel. California Center for Cooperative Development Board of Director Education- 2 day program on finance and strategy in conjunction with NCERA-210 Member Mike Boland 2-1-2-18 to 2-2-2018.

Phil Kenkel. NCFC Taskforce to Develop Educational material on profit distribution and equity management, New Orleans, 2-9-2019.

Phil Kenkel. National Webinar on the Impact of Tax Cuts and Jobs Act on Cooperative and Members, May 8. 2018, attendance 190.

Phil Kenkel. State Level Educational Program: Impact of Tax Reform on Agricultural Cooperatives and members, Medford Oklahoma 4-25-2018, Weatherford Oklahoma 4-26-2018.

Co-op Business Model Training for Employees and Students

Michael Boland taught LAW 6807 Cooperatives and Collective Entrepreneurship: Law, Policy and Practice to 14 graduate students and two sections of APEC 3840 Agricultural Cooperatives to 54 undergraduate students.

Keri Jacobs taught ECON 332 Cooperatives, to 45 Iowa State University undergraduate students in Fall 2018.  A majority of the students are College of Agriculture majors.

Keri Jacobs employed two undergraduate students to work on projects to document cooperative consolidation and locations in Iowa.

Keri Jacobs taught a domestic travel course on cooperatives.  The travel included 20 students to visit cooperatives in Wisconsin and Minnesota.  Students learned about the cooperative model applied in a variety industries and heard first-hand from the management and boards of the cooperatives.  Cooperative visits included Ocean Spray (processing and grower locations), CoBank, Wright-Hennepin Electric Cooperative, Great River Energy Cooperative, Riverton Housing Cooperative, Wedge Grocery Cooperative, Cooperative Partners Warehouse, and Fair State Brewery Cooperative.

Keri Jacobs presented at the IIC Cooperative Intern Day to undergraduate students interning with cooperatives.  The presentation, “Foundations of Cooperatives.”  Iowa Cooperative Intern Day, Huxley, Iowa. June 14, 2018.

Keri Jacobs presented to community college students: “The Cooperative Way: A Business Model.”  Des Moines Area Community College, Carroll, Iowa. March 28, 2018.  (with Jim Gossett, CEO, Raccoon Valley Electric Cooperative).

Performance, Profitability, and Finance and Equity Considerations for Cooperatives

Keri Jacobs.  “The Sec 199A Pass-Through Deduction: What it Means for Producers and Cooperatives.”  Iowa State University ProAg Series, Carroll County Extension Office, Carroll, Iowa, November 11, 2018.

Keri Jacobs.  “What the Sec 199A Tax Feature Means for Co-ops and Producers.”  North Central Farm Management Extension Committee, Ames, Iowa, May 18, 2018.

Keri Jacobs.  “What the Tax Reform Means for Your Cooperative and Its Members.”  Cooperative Network’s Dairy Issues Forum, Eau Claire, Wisconsin, April 10, 2018.

Keri Jacobs.  “Understanding Cooperative Financials and Impacts to Your Farm.”  Production and Marketing Risk Seminar, Iowa State Bank and Sac Realty & Insurance, Sac City, Iowa, January 23, 2018.

Other Extension and Outreach Presentations to Cooperatives and Associations

Michael Boland presented “Issues with Defined Benefit and Defined Contribution Programs” National Council of Farmer Cooperatives Annual Meeting, February 2018.

Michael Boland presented “Business Merit for Agriculture Trade” and “Issues with Defined Benefit and Defined Contribution Programs”, Farmers Cooperatives conference, St Paul MN November 2018.

Michael Boland presented “Current Issues in Cooperative Finance” to Pacific Northwest joint state cooperative council meeting, November 2018.

Michael Boland presented two-day workshop on cooperative governance and finance to Kansas cooperatives, Kansas Cooperative Council, Wichita KS, February 2018.

Michael Cook presented at GICL Board of Trustees Meeting, New Orleans, Louisiana. February 7, 2018.

Michael Cook presented at GICL Board Chair & CEO Conference, Palmetto Bluff, South Carolina, April 11-14, 2018.

Michael Cook presented “Alternative Organizational Forms in Agribusiness”, at International Food and Agribusiness Management Association Symposium, Buenos Aires, Argentina, June 27, 2018.

Michael Cook presented “Conceptual Frameworks in Cooperative Life Cycles”, to Conaprole Leadership, Montevideo, Uruguay, June 29, 2018.

Michael Cook presented “Cooperative Health/Performance”, at International Co-operative Alliance European Research Conference, Wageningen, the Netherlands, July 2018.

Michael Cook presented “Cooperative CEO Succession Approaches”, at Cooperative Animal Genetics Meetings, Toronto, Canada, August 30, 2018.

Others Activities and Engagements, including Cooperative Centers and State Associations

Sanjib Bhuyan, Keystone Development Center (KDC) - at the request of Brian Schilling  (SEBS/Rutgers) and Bill Walker (NJDA), joined the Board of KDC, Pennsylvania-based   cooperative development agency in February.

Sanjib Bhuyan helped KDC in obtaining funding from PA Dept of Ag via KDC, May 2018.

Michael Boland and Keri Jacobs co-chaired NCFC working group of cooperative board chairman and CFO’s on cooperative finance issues, 2018.

Brian Briggeman. “Cooperative Growth, Patronage, and Equity.” GROWMARK Senior Leadership Team, Bloomington, Illinois, November 2018.

Brian Briggeman. “Cooperative Principles.” Suurbraak Grain Farmers Cooperative Board of Directors Meeting, Suurbraak, South Africa, October 2018.

Brian Briggeman. “The U.S. Farmer Cooperative Industry and SSK.” Sentraal-Suid Kooperasie Board of Directors Meeting, Swellendam, South Africa, October 2018.

Brian Briggeman. “Sustainable Growth Rates for Kansas Farmer Cooperatives: Who is Growing Broke?” Risk and Profit, Manhattan, KS, August 2018. 

Brian Briggeman. “Co-op Education and Research Update.” K-State Symposium on Cooperative Issues, Manhattan, KS, August 2018.

Brian Briggeman. “Equity Redemption Strategies.” Emerging Leaders: Building a Cooperative Finance Foundation, Manhattan, KS, July 2018.

Brian Briggeman. “Patronage Income Distribution Policy.” Emerging Leaders: Building a Cooperative Finance Foundation, Manhattan, KS, July 2018.

Brian Briggeman. “The Importance of Cash Flow.” Emerging Leaders: Building a Cooperative Finance Foundation, Manhattan, KS, July 2018.

Brian Briggeman. “Building and Analyzing Cooperative Financial Statements.” Emerging Leaders: Building a Cooperative Finance Foundation, Manhattan, KS, July 2018.

Brian Briggeman. “Thinking Like a CFO.” Emerging Leaders: Building a Cooperative Finance Foundation, Manhattan, KS, July 2018.

Brian Briggeman. “Financial Drivers Facing Cooperatives.” Emerging Leaders: Building a Cooperative Finance Foundation, Manhattan, KS, July 2018.

Brian Briggeman. “Cooperatives Finance Workshop.” Kansas Cooperative Summer Intern Training, July 2018.

Brian Briggeman. “Cooperatives 101.” Kansas Cooperative Summer Intern Training, July 2018.

Brian Briggeman. “Macroeconomic and Interest Rate Outlook.” Extension Staff Training, July 2018.

Brian Briggeman. “Weighted Average Cost of Capital and Sustainable Growth for Farmer Cooperatives.” GROWMARK Emerging Leaders Program, West Lafayette, IN, April 2018.

Brian Briggeman. “Implications of Section 199A for Agricultural Cooperatives.” National Agricultural Credit Committee, Washington, DC, March 2018.

Brian Briggeman. “Financial Outlook for Farmer Cooperatives.” GROWMARK Emerging Leaders Program, West Lafayette, IN, February 2018.

Brian Briggeman. “Implications of Section 199A for Agricultural Cooperatives.” Webinar, January 2018.

Brian Briggeman. “Issues Facing Kansas Cooperatives.” Alliance Ag Board Retreat, Mulvane, KS, January 2018.

Brian Briggeman. “Issues Facing Kansas Cooperatives.” Skyland Board Retreat, Manhattan, KS, January 2018.

Brian Briggeman. “Macroeconomic and Interest Rate Outlook.” Farming for the Future Workshop, Emporia, KS, January 2018.

Brian Briggeman. “Macroeconomic and Interest Rate Outlook.” Farming for the Future Workshop, Scott City, KS, January 2018.

Bhuyan, S. & Tarakji, M., 2018. "Pennsylvania Dairy Co-ops at a Crossroad: Some Lessons from the Trenches!". Paper presented at the NCERA-210 Annual Meeting, St. Paul, MN, November 7, 2018.

Keri Jacobs.  “Sec 199A Pass-Through Decisions for Co-op Boards.”  Iowa Institute for Cooperatives CFO/Controller Conference, Ames, Iowa, October 10, 2018.

Keri Jacobs.  “Producer Cooperatives and Membership in a Dynamic Marketplace: What Does This Mean for Producers?”  Iowa Women in Agriculture Annual Conference, Ankeny, Iowa, August 2, 2018.

Keri Jacobs.  “Consolidation and Competition in Midwest Agriculture Are These Game Changers?” University of Minnesota and Minnesota Crop Production Retailers Association Crop Pest Management Short Course, Minneapolis, Minnesota, December 13, 2017.

Keri Jacobs.  “Dovetailing Member Value and Expectations with Strategic Financial Management.”  Minnesota Grain and Feed Association Annual Convention, Prior Lake, Minnesota, March 7, 2018.

2018. Kenkel, Impact of Tax Reform on Agricultural Cooperatives, presentation at Western Agricultural Economics Association Annual Meeting, Anchorage Alaska, 6-24-2018 to 6-27-2018.
2019. Kenkel. Cooperative Education Efforts in U.S.A, Keynote presentation at International Conference on Cooperative Education, Qingdao China, 5-28-2019 to 6-1-2018.

John Park. 20 presentations. Audience of more than 675 cooperative managers, directors, and industry leaders. Topics include methods for director training, economic impacts, relationship marketing, leadership, and roles of managers and directors.

Zivkovic, S., and Luitel, K. 2018. Factors That Impact Trust Among Cooperative Members, Directors, and Managers – A Study. Paper presented at the Texas Agricultural Cooperatives Council (TACC) Managers Conference, Ruidoso, NM, 11-13 July.

Zivkovic, S., and Luitel, K. 2018. Analysis of Multidimensional Trust in Agricultural Cooperatives. Paper presented at the Western Agricultural Economics Association Annual Meeting, Anchorage, AL, 24-26, June.

Journal and Refereed Articles

Bhuyan, S., 2018. "Assessing Organizational Effectiveness of Member-owned Enterprises in the northeast United States." Management Today: An Int. Jr. of Management Studies, 8(2):159-168.

Boland, M. (2018). Introducion a coopertaivas y mutualism. Spanish version of my textbook under same name.  

Cook, M.L. and J. Grashuis, "Theory of Cooperatives: Recent Developments", The Routledge Handbook of Agricultural Economics, eds. Gail L. Cramer, K. Paudel, and A. Schmitz, Routledge, 2018.

Cook, M.L., “A Life Cycle Explanation of Cooperative Longevity”, Sustainability, 10(5), 2018.

Grashuis, J. and M.L. Cook, “An Examination of New Generation Cooperatives in the Upper Midwest:  Successes, Failures, and Limitations”, Annals of Public and Cooperative Economics, 89(4): 623-644, 2018.

Harris, K. and B.C. Briggeman, “Talent management in Grain Merchandising:  Expectations and Perceptions of Agricultural Majors Interested in Grain Merchandising Careers.” ACCC Fact Sheet Series, August 2018

Kenkel, P. and B.C. Briggeman. “Impact of Tax Reform on Agricultural Cooperatives and Members.” Journal of Cooperatives 33(2018): 1-28.

Kenkel P. and M. Boland “Implications of Equity Structures on Governance of Agricultural Cooperatives” The Cooperative Accountant, Summer 2017.

2017. Briggeman and P. Kenkel, “Impact of Tax Reform on Agricultural Cooperatives” Special Edition ACCC Fact Sheet Series, Collaborative Research OSU/KSU, December 18, 2017.

McKee, G. and K. Jacobs.  2017.  “Governance Structures and the Value of the Firm: The Case of Great Lakes Cooperative and Green Plains Renewable Energy.” Journal of Cooperatives 32:46-58.

Kenkel and B. Briggeman, “Impact of Revised Section 199A on Grain Producers, OSU Fact Sheet AGEC-1076, April 2018.

Royer, Jeffrey S. 2018. Retained earnings as a source of equity capital for agricultural cooperatives. Cooperative Accountant, 7(1):2-27.

Royer, Jeffrey S. Measuring the cost of capital in cooperative businesses. Agribusiness: An International Journal. In press.

Siebert and J.L. Park. “United Agricultural Cooperative: Considering the Sale of the Agronomy Division.” International Food and Agribusiness Management Review, 21(5):573-582.

Park, J.L. “Training for Excellence.” Cooperative Management Letter, Department of Agricultural Economics, Texas A&M University, CML 18-01, January 2018.

Park, J.L. “Management Excellence.” Cooperative Management Letter, Department of Agricultural Economics, Texas A&M University, CML 18-02, June 2018.

Dudensing, R., J.L. Park, D. Hanselka, and C.W. Carpenter. “Methodology for an Economic Contribution Study of Agricultural Cooperatives in a Value Chain: A Cotton Case Study.” Mid-Continent Regional Science Association conference. June 6-8, 2018, Kansas City, Missouri.

Other Publications, Posters, Abstracts, Proceedings, and Academic Presentations

Royer, Jeffrey S. 2018. Capital budgeting by cooperatives. Cornhusker Economics, February 14, 1-2.

Keri Jacobs. “A Discussion of the Sec 199A Deduction and its Potential Impacts on Producers and Grain Marketing Firms.”  farmdoc daily (8): 13, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, January 26, 2018.

2018. Jacobs, G. McKee, and J. Park. “Governance and Cooperative Value: Lessons from Five Texas Cooperatives.” Selected paper, NCERA-210 Annual Conference, St. Paul, Minnesota, November 7, 2018.

2018. Boland, K. Jacobs, P. Kenkel, and G. McKee. “Analyzing the Impact of Section 199A on Agricultural Cooperatives.” Selected paper, NCERA-210 Annual Conference, St. Paul, Minnesota, November 7, 2018.

2018. Jacobs and M. Boland. “Consolidation and Producer Impacts in U.S. Ag Co-ops: Is Bigger Better?” Invited paper at the International Cooperative Alliance Research Conference, Wageningen University, The Netherlands, July 5, 2018.

2018. Jacobs. “Challenges Facing Agricultural Cooperatives: Consolidation, Efficiency and Market Power.” Invited joint seminar, Department of Agricultural and Resource Economics and Centre for the Study of Co-operatives, University of Saskatchewan, Saskatoon, Canada, May 11, 2018.

Keri Jacobs.  “Impact of the 2017 Tax Reform and Jobs Act on Ag Cooperatives.”  NCERA-210 Research Committee and eXtension Cooperatives Community of Practice Webinar, January 29, 2018.