American Society Of Equity
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American Society Of Equity
The American Society of Equity or Farmers Equity was an American agricultural cooperative and political organization, founded in 1902, which aimed to organize farmers as a "Third Power" in the United States, able to compete with capital and organized labor on equal terms. Equity inspired the creation of many farmers' cooperatives still in existence. Equity forces became involved in the politics of Wisconsin, Minnesota, and North Dakota, leading in the latter state to the eventual rise of the Nonpartisan League.Bahmer, Robert H. (1940) "The American Society of Equity." ''Agricultural History'', Vol. 14, No. 1; pp. 33-63 Leaders of Equity (such as U.S. Senator Magnus Johnson and Wisconsin State Senator Henry Kleist Henry Kleist (September 29, 1860 – November 13, 1929) was a farmer from Rantoul, Wisconsin, United States, who served one term as a state senator. He was a member of the Socialist Party. Kleist was born on a farm in the Town of Eaton, Manitowoc ...) were elected t ...
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Agricultural Cooperative
An agricultural cooperative, also known as a farmers' co-op, is a cooperative in which farmers pool their resources in certain areas of activity. A broad typology of agricultural cooperatives distinguishes between agricultural service cooperatives, which provide various services to their individually-farming members, and agricultural production cooperatives in which production resources (land, machinery) are pooled and members farm jointly.Cobia, David, editor, ''Cooperatives in Agriculture'', Prentice-Hall, Englewood Cliffs, NJ (1989), p. 50. Examples of agricultural production cooperatives include collective farms in former socialist countries, the kibbutzim in Israel, collectively-governed community shared agriculture, Longo Maï co-operatives and Nicaraguan production co-operatives.
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