One of the best possibilities for reducing one’s risk mentioned on the Texas Risk Management Education Project is forming cooperatives. That concept was discussed by Mr. James Matson, cooperative marketing specialist at the USDA’s Rural-Business Cooperative Service in Fort Worth. Cooperatives often fill expressed needs, Mr. Matson said, and they can improve bargaining power tremendously. Costs can be reduced and products and services not available to single entrepreneurs may be bargained for collectively. In comparison to corporations owned by stockholders, cooperatives are owned by their members. Some special benefits of cooperatives include single-tax treatment and limited anti-trust exemption. Cooperatives also provide marketing power, diverse ownership, access to value chains and markets (more direct contact with the consumer), ability to provide vertical product control and, of course, risk sharing.