Contributing members are individual grain growers who have agreed to contribute 0.5% of the net farm-gate value of their grain production for investment in plant breeding and related R&D through COGGO.
The voluntary contributions made by Contributing Members are pooled and invested by COGGO on the growers’ behalf. Contributions are collected by grain marketing companies on behalf of COGGO and members receive one Dividend Entitlement Unit for each dollar of contribution. Members can cease to contribute for a season, or seasons, if they wish, but they remain members of COGGO unless they resign.
COGGO is structured as a Company limited by guarantee and Section 1.5 of the Company’s Constitution limits the liability of each Member to contribute an amount not exceeding $10 to the property of the Company if the Company is wound up.
