Prairie Roots Food Cooperative is dedicated to building a healthy community by providing access to natural, organic, and locally produced food.
Prairie Roots Food Cooperative (Prairie Roots) will be a member-owned North Dakota cooperative whose purpose is to establish and operate a retail grocery store in the Fargo-Moorhead area. Prairie Roots will abide by International Cooperative Alliance principles including democratic member control, education and training, and concern for community. Community members interested in forming a food cooperative in the Fargo-Moorhead area came together in early 2010 to create working committees and raise funds for a market assessment and feasibility study. Key findings from this report conclude that the Fargo-Moorhead area has the market potential to support a food cooperative. More recently, Prairie Roots was incorporated in North Dakota on November 4, 2011 and the following document announces the kick-off of its founding membership campaign.
Membership dollars are needed to develop the cooperative and to meet its goals. A $300 member investment purchases one share of common stock in Prairie Roots Food Cooperative and provides members with the following benefits: creation of a local business dedicated to providing access to natural, organic, and locally produced food; a subscription to The Prairie Fork newsletter; the right to vote in elections and run for a seat on the board of directors; and financial benefits upon store opening such as: member specials, case lot discounts on special orders, possible patronage refunds during profitable years, and member-owner discounts on classes or workshops held at Prairie Roots Co-op. Membership is subject to terms and conditions set forth in the Bylaws of Prairie Roots Food Cooperative and are available upon request and on the website.
All funds governed by this agreement are subject to risks inherent in a start-up enterprise and such risks may result in the loss of part or all of such funds. Membership dollars received during this campaign in excess of $100 per membership shall be placed in an escrow account at Town and Country Credit Union, Fargo, ND until Prairie Roots Food Cooperative is capitalized in a manner acceptable to the Board of Directors or until December 31, 2014, whichever comes first. In the event that Prairie Roots is unable to meet its fundraising goals, members will receive a full refund of any investment made beyond $100 per member. The Board of Directors shall keep a record of all membership shares sold and shall provide an accounting of such shares to any member upon written request. A more detailed explanation of the Prairie Roots Food Cooperative business plan is available upon request and on the website.