Upload
dorinda-urbina
View
28
Download
0
Tags:
Embed Size (px)
DESCRIPTION
Farmers Cooperative Conference. November 18, 2008. North American Bison Cooperative. History. North American Bison Cooperative. 1993 formed in New Rockford, ND 1993-2000 Sold a total of 16,000 Delivery Shares with requirement to deliver one bison for each share owned. - PowerPoint PPT Presentation
Citation preview
Farmers Farmers Cooperative Cooperative ConferenceConference
November 18, 2008November 18, 2008
North American North American Bison CooperativeBison Cooperative
HistoryHistory
North American Bison North American Bison CooperativeCooperative
1993 formed in New Rockford, ND1993 formed in New Rockford, ND 1993-2000 Sold a total of 16,000 Delivery 1993-2000 Sold a total of 16,000 Delivery
Shares with requirement to deliver one bison Shares with requirement to deliver one bison for each share owned. for each share owned.
1994 built 12,000 sq. ft harvesting, 1994 built 12,000 sq. ft harvesting, processing and distribution plant in New processing and distribution plant in New Rockford, NDRockford, ND• Capacity: 10,000 head per yearCapacity: 10,000 head per year
2000-2003 did not pay members for animals 2000-2003 did not pay members for animals delivered. Member received a deferred delivered. Member received a deferred payment certificate. payment certificate.
2002-Purchased New West Foods 2002-Purchased New West Foods 2003-Purchased Great Plains Game2003-Purchased Great Plains Game 2004-Hired new management2004-Hired new management 2005-Declared Chapter 112005-Declared Chapter 11 2006-Emerged from Chapter 112006-Emerged from Chapter 11 2007-Paid first patronage ($.10/lb) ever to 2007-Paid first patronage ($.10/lb) ever to
membership who delivered animalsmembership who delivered animals 2008-Will pay higher patronage rate than 2008-Will pay higher patronage rate than
20072007
North American Bison North American Bison CooperativeCooperative
North American North American Bison CooperativeBison Cooperative
TenderBisonTenderBison
ProductsProducts
North Dakota North Dakota Natural Beef, Natural Beef,
LLCLLC
North Dakota North Dakota Natural Beef, Natural Beef,
LLCLLC 2005: October the company was formed 2005: October the company was formed
by NABCby NABC 2005-06: Raised capital2005-06: Raised capital 2006: Purchased John Morrell building in 2006: Purchased John Morrell building in
Fargo and received neighboring building Fargo and received neighboring building as an equity contributionas an equity contribution
2007: 2007: • April: Started sales effortApril: Started sales effort• July: Started constructionJuly: Started construction
North Dakota North Dakota Natural Beef, Natural Beef,
LLCLLC 20082008
• September: Occupied office portion of September: Occupied office portion of facilityfacility
• October: Started warehousing and October: Started warehousing and distributiondistribution
• November-December: Add fabrication and November-December: Add fabrication and further processingfurther processing
20092009• Full occupancyFull occupancy• New Rockford becomes solely a harvest New Rockford becomes solely a harvest
facilityfacility
North Dakota North Dakota Natural Beef, LLCNatural Beef, LLC
Dakota Farms BrandDakota Farms Brand
ProductsProducts
Why ?Why ? NABC/NDNBNABC/NDNB
• SynergySynergy AdministrationAdministration SalesSales MarketingMarketing OperationsOperations
• Lower overhead for both companiesLower overhead for both companies Shared expensesShared expenses Increased probability of success for NDNBIncreased probability of success for NDNB Win-WinWin-Win
Key PersonnelKey Personnel Dr. Ken Odde: North Dakota State UniversityDr. Ken Odde: North Dakota State University Lt Gov. Jack DalrympleLt Gov. Jack Dalrymple NABC Board and MembershipNABC Board and Membership North Dakota State University AdministrationNorth Dakota State University Administration
• Dr. Chapman: PresidentDr. Chapman: President• Dr. Coston: Vice PresidentDr. Coston: Vice President
Rod SatherRod Sather Rick BurgumRick Burgum Farmers UnionFarmers Union
FunctionalityFunctionality 2 separate companies2 separate companies
• NDNB has 2 NABC Board members as NDNB has 2 NABC Board members as representativesrepresentatives
Act as investors representativesAct as investors representatives
NDSU Strategic AllianceNDSU Strategic Alliance• Arms length by necessityArms length by necessity• Key differentiation for NDNB in Key differentiation for NDNB in
marketplacemarketplace• Provides NDNB with resources only very Provides NDNB with resources only very
large companies have access tolarge companies have access to
KnowledgeKnowledge What have we learned that is applicable What have we learned that is applicable
to other businesses?to other businesses?• Competition today is internationalCompetition today is international• Continuing reduction of operating expenses Continuing reduction of operating expenses
while increasing quality and consistency a while increasing quality and consistency a requirement to competerequirement to compete
• Leveraging assets provides opportunityLeveraging assets provides opportunity• Competitors may be customers and vendorsCompetitors may be customers and vendors• Scientific credibility of a program provided Scientific credibility of a program provided
through NDSU is a critical differentiation for through NDSU is a critical differentiation for new market entrantnew market entrant
North Dakota Natural North Dakota Natural Beef, LLCBeef, LLC
North American Bison North American Bison CooperativeCooperative