In fact, the farmer does not expect his cooperative to invest abroad. He works his land, develops his farm for his heritage to endure. What he expects from his cooperative is advice and relevant services: how to sell his crops at best, how to get the best deal on farm inputs…because that is what will influence his bottom line.
In agriculture, the cooperative system has a long-term approach. VIVESCIA is indeed following this philosophy especially since it is involved in the processing of the productions that requires time between the initial investments and the achievement of recurring profits. However the ultimate objective is to provide every member with a return on his investment, like any other company, by paying dividends to its shareholders.
This is why VIVESCIA Industries is a joint project open to 15 other cooperatives and individual investors. Member-farmers can become direct shareholders by buying shares, receiving dividends and thus complement their revenues or benefit from a capital gain upon selling their shares if they are in need of capital. For the last two years, we have strengthened this process by issuing bonds.
Farmers can become shareholders in the industrial assets developed by their cooperative. Today, VIVESCIA has 5,000 individual shareholders amongst the 11,000 members. Ultimately, we would like all our members to be shareholders and own the processing resources of the Group.