The paper "Farmlands Cooperative Society Limited - Company Structure and History" is a perfect example of a finance and accounting case study. Farmlands Cooperative Society Limited is a New Zealand owned company rated the largest rural supplies cooperative in the country (NZDA, 2013 p. 24). It is owned by approximately 60000 shareholders; a number that increases annually since the founding of the company. It employs about 1400 employees to work in its various business units geared towards providing customers with quality services. The company operates 83 branches throughout New Zealand which have generated annual revenue of $2.5 billion in the current financial period.
Its business units include livestock, card services, real estate, lubricants, grain and seed, fuel, nutrition, finance, horticulture, and rural supplies. History of the Company Farmlands emerged 50 years ago in New Zealand through farmers expressing their desire to reap higher benefits from their businesses and overcome the monopoly of stock agents. The Economic Trading Society and Otago Rural Trading Society merged and amalgamated to form Farmlands Trading Society Limited and Combined Rural Traders Limited. In 2013, the two influential rural trading societies in the country merged to form Farmlands Cooperative Society Limited (NZDA, 2013 p. 26).
The company also underwent rebranding of its business units to improve operations with the first of July 2013 marking the beginning of reporting as a fully merged entity. Company Financial Situation The company has recorded a rise in its revenue since 2012 with the largest improvements occurring after the merger in 2013. In 2012, the revenue was $1,190,020, $1,746,187 in 2013, $2,184,644 in 2014, $2,210,035 in 2015, and $2.5 billion in 2016. The company has experienced a steady rise in income over the past few years and the expansion of its operations promises to increase its revenue further.
The asset level of the company has also increased steadily since 2013 indicating an increase in the level operations and productivity within the company (NZDA, 2013 p. 33). The merger could also explain the improving performance over the years due to the economies of scale enjoyed by the company.
ReferencesNew Zealand Dept of Agriculture (2013). Agriculture in New Zealand. Wellington: Department of Agriculture.