Several small vineyard owners in the Napa Valley region of California banded together to market their grapes and wine in an attempt to get better prices. Over the years they expanded the organization to include other services such as buying and selling farm supplies and equipment and providing financial and technical services. The arrangement established by these vineyard owners is an example of a
A) closed corporation.
B) joint venture.
C) limited agricultural partnership.
D) farm cooperative.

Question

Quizplus · Accepted Answer

A farm cooperative is an organization of farmers who have joined to gain more economic power than they would have as individuals. These organizations often buy and sell supplies and equipment, provide warehouses, offer insurance and financial and technical services, and even operate manufacturing facilities.

Several Small Vineyard Owners in the Napa Valley Region of California