MCC 0763 - Agricultural Co-operatives 
The Merchant Category Code 0763, designated for Agricultural Co-operatives, primarily serves organizations formed by groups of farmers or agricultural producers. These cooperatives aim to enhance economic opportunities by pooling resources, sharing equipment, and engaging in collaborative marketing, purchasing, or distribution activities.
Types of Services
- Agricultural Production Support: These cooperatives provide support services like bulk purchasing of seeds, fertilizers, and equipment, offering economies of scale to individual farmers.
- Marketing and Distribution: They manage marketing, selling, and distributing members' agricultural products, which may include grain, dairy, fruits, and more.
- Member Education and Advocacy: Many cooperatives offer training for better farming practices and represent member interests in policy discussions.
FAQs
- What is the primary benefit of an agricultural cooperative?
- Agricultural co-operatives primarily benefit members by reducing individual costs through joint purchasing and providing access to larger markets. - Can any farmer join a cooperative?
- Typically, membership is open to any farmer within a certain geographic or production scope, subject to the co-op's membership criteria. - Do agricultural cooperatives pay dividends?
- Yes, profits from co-operative activities may be distributed back to members as dividends based on their level of participation or as shares in the cooperative itself.
MCC Categories
Agricultural Services Airlines Business Services Car rent Cars and vehicles Clothing stores Contract services Entertainment services Government Services Hotels / Resorts Mail / Telephone Sales Membership оrganizations Miscellaneous Stores Not categorized Personal services Professional services Repair services Retail Outlet Services Service provider Transportation Services Utility Services Wholesale suppliers and manufacturers