Inspired by the Humphrey Amendment, major U.S. farm cooperatives form the International Cooperative Development Association (ACDI’s parent organization) and register it as an Illinois nonprofit corporation. Membership soon grows to include farm credit banks.
The organization’s principal objective was “to plan…and provide management for cooperative economic enterprises…in those foreign countries that are objects of the foreign aid program of the United States.” We have helped develop co-ops around the world that reflect the merits of joint ownership, democratic governance and the economic advantage of scale.
