Biggest farmer co-op offers share deal
The largest farmer-owned co-operative in England, Mole Valley Farmers (MVF), is launching a new shareholding scheme for its members.
The new initiative will enable Ordinary Shareholders, currently those who hold 15 Ordinary shares at £150, to become Farmer Shareholders, with additional benefits if they pay a one-off fee of £150.
Farmer Shareholders will be entitled to a 3% discount on purchases in MVF branches. They will also get an annual rebate in the form of MVF gift vouchers on all the farming products they buy such as feeds, minerals, milk replacers, silage additives and animal medicines.
Farmer Shareholders are also entitled to vote at the company's AGM and to elect the directors who become the representative decision makers.
Speaking at the launch during the 2007 Royal Cornwall Show, David Burke, MVF chairman said: "Supporting the farming community is at the very heart of the MVF ethos. We felt it was important that the financial benefits of company expansion and sales growth should be shared with our Ordinary Shareholders so that members are directly rewarded to the amount of business they do with the company."
Today the company has 3,700 Ordinary Shareholders and 18,300 Trading Shareholders with 9 MVF branches at South Molton, Cullompton, Newton Abbot and Holsworthy in Devon, Liskeard and St Columb in Cornwall, as well as Bridgwater, Yeovil and Frome in Somerset.