southwest minnesota agrifuels cooperative a case study prepared for the north central initiative small farm profitability by university of wisconsin center cooperatives funded future agriculture and food systems program us department authors nalinee thongchua maria powell greg lawless july 2002 sign at smac plant bingham lake mn introduction this is one four in series that are focused on so called new generation or ngcs w first recognized ngc dates back to 1972 m 1990s they continue be form diff several ways dollars up front purchasing shares business second each purchased share allows obligates producer deliver set quantity raw product co op third number sense clo limited s producers intended match incom capa demand end finally ownership can traded am farmers price those how mu benefit from fu hile ost were formed ed today er