Word: co-op
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...down-payment on the land is $76,000, and the co-op now has only $30,000, Unless they can raise the rest of the money in the next few weeks, the farmers will lose this year's use of the land, and will possibly forfeit their chance to buy the land...
Under similar circumstances in January, 1969. the fledgling co-op came to Harvard for help...
Shortly after the group's leader-veteran civil rights worker Fannie Lou Hamer-made an emergency plea for money. Harvard donors sent in some $3300. With that money, the co-op held its option on a 40-acre farm where it began its first cooperative projects...
...that time, when the co-op was just getting started, Mrs. Hamer said that its goal was not only to provide a farm income for landless families, but also to serve as a social and political organizing center for the blacks of the Mississippi Delta...
Since then, the co-op has concentrated on five projects to help the 500 families who are members...