PO Box 1146
Salida, CO USA  81201
(719) 539-0300
Fax: (719) 539-0301


BBI International... Your Biofuels Resource


Event Calendar

World Biofuels Symposium
November 13-15, 2005
Beijing, China

2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels Association

National Biodiesel Conference & Expo 2006
February 5-8, 200
San Diego, California
National Biodiesel Board

11th Annual National Ethanol Conference: "Policy & Marketing"
February 20-22, 200
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association

22nd Annual International Fuel Ethanol Workshop & Expo
June 20-23, 200
Milwaukee, Wisconsin, USA

Join our
Email Subscription List

Select your topics of interest for regular and timely updates - control your subscriptions and unsubscribe anytime

Complete Listing of Upcoming Events

Event History

Free Booklet Download:
Fuel Ethanol: A Technological Evolution



Posted on  

August 3, 2001

Co-Ops Urge Senate To Spur Investment In Rural America; NCBA Asks Ag Committee to Include a New Equity Fund in Next Farm Bill

The National Cooperative Business Association, in a hearing earlier today, urged the U.S. Senate Agriculture Committee to authorize and fund legislation to create a new source of equity capital for cooperatives and other rural businesses when the Committee takes action to rewrite farm legislation in the coming months.

"From my perspective as a farmer, a cooperative business-owner, and a resident of rural America, I can tell you that this is one of the most important things the Committee can do to have a lasting and positive impact on rural communities," said David Kolsrud, manager of CORN-er Stone Farmers Cooperative, who was testifying on behalf of NCBA. "Raising equity capital is daunting for all rural businesses regardless of how they are organized, what they produce, or where they are located. But it is particularly hard for new farm cooperatives."

Kolsrud urged the Committee to include the provisions from the National Rural Cooperative and Business Equity Fund Act in the next Farm Bill. The Act was introduced by Senators Harkin (D-Iowa) and Craig (R-Idaho) in the 106th Congress and was included as part of S. 20 introduced by Senator Daschle and others earlier this year. The legislation creates a framework for a private corporation that would manage a Fund to make equity investments in rural America. The bill also authorizes incentives for private investment in the fund.

CORN-er Stone Farmers Cooperative is a new-generation cooperative based in Luverne, Minnesota, with members in Iowa, Minnesota and South Dakota. It has majority ownership in an ethanol processing operation and is a member of NCBA. Kolsrud told the Committee that even though the operation has created 28 high-paying jobs and returned to farmers a dollar per bushel more than the market price for corn, equity constraints nearly prevented the project from getting off the ground.

NCBA is a D.C.-based national membership association representing cooperatives across all industries, including agriculture, childcare, credit unions, energy, food retail and distribution, housing, insurance, and many others. It helped organize the coalition supporting the National Rural Cooperative and Business Equity Fund Act, which includes organizations representing rural electric and telephone cooperatives, farmers, and both private and cooperative lenders.  


Other News

Click here to see previously posted News items in our Archive

BBI Store

BBI International
Project Development

Multi Client Study:

More information and contents

BBI Online Store


Biodiesel Industry Directory Online:
View it FREE!


Home | Company Info | International Fuel Ethanol Workshop & Trade Show | Biofuels Recruiting | BBI Media

Biofuels Project Development - Biofuels Conference & Event Planning - BBI Media - Biofuels Recruiting

All logos and trademarks in this site are property of their respective owner.
Remainder of content Copyright © 2005 BBI International.