Does Ag Ventures want to own value-added agriculture businesses?
Ag Ventures does not plan to own or control value-added businesses. Rather its purpose is to assist existing value-added businesses and help start new value-added businesses. Once a new business entity is created, the relationship with Ag Ventures becomes contractual. How is Ag Ventures funded? Ag Ventures raises money by charging a “development fee” for the services provided to value-added businesses. How does Ag Ventures use its money? In addition to covering the operating expenses of the organization, Ag Ventures uses its money to support the development of value-added business ventures and to reimburse members and staff for their time and expenses involved in providing business development services . As a business, does Ag Ventures expect to make money that can be shared with its members? In general, Ag Ventures does not expect to be a profit generating business. Proceeds generated from development fees are expected to be reinvested in developing new value-added business ventures.
