“…Some scholars have identified various barriers to cooperatives’ development, including the “entrepreneurial problem” and costs associated with collective decision‐making (Cornforth & Thomas, 1990; Nilsson et al., 2016). Other studies focused on different aspects of cooperatives’ development, such as policies and legislative dimension (Rowe et al., 2018; Uzun, 2005), governance costs (Nilsson et al., 2016), knowledge and education (Fontanari & Sacchetti, 2019), leadership (Hejkrlik et al., 2021; Uzoagu, 2019), and historical legacies (Avsec & Štromajer, 2014; Gardner & Lerman, 2006). Some researchers have identified the key success factors of agricultural cooperatives’ development that included ownership structure, membership policy, voting rights, governance structures, residual claim rights (Chaddad & Cook, 2004), stable legal environment, presence of a leader, government financial and technical support (Garnevska et al., 2011), internal organization, the institutional environment, supply chains and market strategies (Bijman & Iliopoulos, 2014), social capital, solutions to excessive heterogeneity‐induced high ownership costs, tinkering, cooperative genius, and capacity to adapt to shocks and changes (Iliopoulos & Valentinov, 2018), and organizational, financial, operating keys to success (Sexton & Iskow, 1988).…”