Benefits and imperfections of cooperative organisations
Goal and relevance of research: according to the international practical experience, farmers organizations may be legally registered in a form of cooperative or some other forms of commercial firms like companies with limited liabilities, joint stock companies, etc. [6, 7]. The goal of this study is to discuss and determine the pros and contras of a farmers’ cooperative as a legal form, and to help farmers in making a choice of a legal form which is relevant for their joint business activities. Method of research: literature review and comparative analysis of legislations. Results and conclusions: In this article we analyze and discuss advantages and imperfections of cooperative organisations, compare them with the other organizational forms. We conclude that a cooperative form of the joint business activities is objectively more preferable for farmers, however, it has also imperfections or disadvantages. A thorough analysis represented in this article is intended to help farmers in choosing an organizational form for their joint business activities.