|What is a cooperative?
Incorporated in 1928 as an agricultural cooperative, Conserv FS is
owned by its customers. Over the years, Conserv FS has grown and
adopted to changing customer needs. We have remained committed
to the success of our patrons since the beginning. While a strong
portion of our members remain farmers, our member base has grown
and expanded to industries not traditionally served by cooperatives.
We now provide our products and services to a wide variety of industries:
• Golf Courses
• Professional and local sports organizations.
Our association with the farm bureau gives you a voice with an
organization that supports common member interests on a level that
you would most likely not be able to achieve individually.
As you purchase products from Conserv FS you are earning shares in
the company. As such, profits generated by the company can be
returned to the owners through patronage refunds, a common practice
in co-ops. Each year the board of directors considers the payment
of patronage refunds based on the division’s profitability and
product sales in accordance with the Internal Revenue Department
regulations. Payouts are made based on patron purchases and
eligibility. This payout is typically made in 50% cash and 50%
stock in Conserv FS.
To become a member of Conserv FS, our bylaws dictate you must meet two requirements:
1) purchase product from the company in the given year
2) be a member of a local farm bureau.
As a member of a cooperative, you are entitled to participate in the
ongoing development of the organization. Purchases made through
Conserv FS earn you shares in the company which give you the right
and responsibility to help the organization grow and continue
meeting the mission and goals of its members.
To build successful and profitable partnerships with our patrons.
To be the best, most innovative, diversified agricultural cooperative.
Aims and Objectives
• Improve profitability of our patrons
• Maintain sound financial policies and practices
• Preserve local ownership and control
• Lend support to the Farm Bureau
• Provide fair and equitable treatment for employees
• Promote the welfare of the community
• Operate under sound business ethics and principles