Nourish South Co-op Rules & Governance

1. Name & Purpose

1.1 Name

The cooperative shall be known as Nourish South Co-op.

1.2 Purpose

The purpose of the Co-op is to create a sustainable, community-owned food system by providing high-quality, locally sourced dairy, meat, produce, and pantry staples to members while ensuring financial stability and environmental responsibility.

2. Membership

2.1 Eligibility

• Membership is open to individuals, families, and businesses who support the objectives of Nourish South Co-op.

• Members must commit to the Co-op’s values of sustainability, ethical food production, and cooperative ownership.

2.2 Membership Types

1. Full Buy-In Members ($10,000 one-time investment)

   • Full voting rights.

   • Eligible for annual dividends.

   • 15% discount on Co-op products.

   • Exclusive early access to specialty products.

2. Payment Plan Members ($2,000 down, remaining over 24-36 months)

   • No voting rights until full amount is paid.

   • No dividends until fully paid.

   • 5% discount on Co-op products.

2.3 Rights & Responsibilities

• Members must abide by all Co-op rules and contribute to its sustainability and success.

• Members must actively support Co-op initiatives and participate in member meetings when applicable.

2.4 Membership Termination

• Members may voluntarily withdraw with a minimum commitment of 12 months, after which a 90-day notice period applies.

• Membership may be revoked for violation of Co-op rules, non-payment, or misconduct.

• Upon termination, shares may be transferred or refunded based on Co-op policies.

3. Governance & Decision-Making

3.1 Board of Directors

• The Co-op shall be governed by a Board of Directors, elected by full buy-in members.

• The Board shall oversee financial management, strategic planning, and policy implementation.

3.2 Voting Rights

• Only fully paid members have voting rights on major Co-op decisions.

• Voting shall be conducted through annual general meetings (AGMs) or special meetings.

• Major decisions require a two-thirds majority vote.

3.3 Member Meetings

• The Co-op shall hold at least one AGM per year.

• Members will receive financial updates, operational reports, and have opportunities to raise concerns or suggest initiatives.

4. Financial Structure & Dividend Payments

4.1 Funding Model

• The Co-op is funded through member buy-ins, operational profits, and external investments.

• A portion of annual revenue will be reinvested into infrastructure, sustainability initiatives, and expansion.

4.2 Dividend Distribution

• Only fully paid members are eligible for dividends.

• Dividend payments will be based on Co-op profitability and Board approval.

• Members may choose to reinvest dividends into additional shares or receive a cash payout.

4.3 Financial Transparency

• The Co-op shall maintain transparent financial records, accessible to all members.

• Annual financial reports will be presented at AGMs.

5. Operations & Product Distribution

5.1 Food Supply & Logistics

• Members will have access to weekly food boxes as part of their membership benefits.

• The Co-op will establish local pickup points and home delivery options.

• Additional farm products will be available for purchase through the Co-op’s online store.

5.2 Group Buying & Bulk Discounts

• The Co-op may facilitate bulk purchases of household essentials (fuel, electricity, etc.) for members.

• Members can participate in group buying opportunities to access discounts on major purchases.

5.3 Sustainability & Ethical Practices

• The Co-op shall prioritize environmentally friendly farming, waste reduction, and renewable energy use.

• Animal welfare and ethical sourcing shall be core operational values.

6. Amendments & Compliance

6.1 Rule Amendments

• These rules may be amended by a majority vote of full buy-in members at an AGM.

• Members will be given 30 days’ notice before a vote on amendments.

6.2 Compliance & Dispute Resolution

• Members must comply with all Co-op policies and legal regulations.

• Disputes shall be resolved through internal mediation, and if necessary, arbitration or legal means.

7. Conclusion

Nourish South Co-op is committed to creating a fair, transparent, and community-driven food system that benefits members, farmers, and the environment. By working together, we can build a sustainable and resilient future for food production in New Zealand and beyond.

📍 For questions or further information, please contact: info@nourishsouth.com

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