Co-operatives Act, 2005 (Act No. 14 of 2005)

Schedules

Schedule 1 : Special Provisions Relating to Certain Kinds of Co-operatives

Part 4 : Agricultural Co-operatives

3. Objectives of agricultural co-operative
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(1)The main objectives of a primary agricultural co-operative are one or more of the following:
(a)To-undertake the marketing of any agricultural product or anything that is derived from an agricultural product;
(b)to acquire, or to acquire control over, any agricultural product or anything derived from an agricultural product, for the purposes referred to in paragraph (i), and to dispose of it;
(c)to process an agricultural product or anything derived from it, manufacture it and dispose of the end product or of the agricultural product and anything derived from it;
(d)to hire, buy, produce, manufacture, let, sell or supply services or things required for purposes of farming;
(e)to hire, buy, acquire, produce, manufacture, let, sell or supply any article for consumption;
(f)to hire, establish, erect, use or make facilities available for use in connection with farming;
(g)to render services which are necessary and useful in farming;
(h)to render any other services, including services which relate to buying, selling and hiring of fixed agricultural property;
(i)to farm and dispose of farming products, process products or manufacture articles and dispose of them; and
(j)to undertake insurance business which relates to farming risks for farmers.

 

(2)The main objectives of a secondary agricultural co-operative are to—
(a)provide services to primary co-operatives;
(b)engage in insurance business in respect of all risks; and
(c)establish and administer pension funds, provident funds and medical aid schemes.