Farmer or rancher cooperative

Farmer or rancher cooperative means an entity that is owned and controlled by agricultural producers and that is incorporated, or otherwise recognized by the State in which it operates as a cooperatively-operated business or an entity that is not legally chartered as a cooperative but is owned and operated for the benefit of its members, with returns of residual earnings paid to such members on the basis of patronage.

Source

7 CFR § 5001.3

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Scoping language

The following definitions are applicable to the capitalized terms used in this part.

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