Which of the following statements is/are correct about Cooperative Farming?

Co-operative movement originated over a century ago and has been successful in many western European countries like Denmark, Netherlands, Belgium, Sweden, Italy etc.

Option 2 and 3 are features of Collective Farming and not cooperative farming.

The basic principle behind collective farming is based on social ownership of the means of production and collective labour. Collective farming or the model of Kolkhoz was introduced in erstwhile Soviet Union to improve upon the inefficiency of the previous methods of agriculture and to boost agricultural production for self-sufficiency. The farmers used to pool in all their resources like land, livestock and labour. However, they were allowed to retain very small plots to grow crops in order to meet their daily requirements.