The first Asian Agricultural Cooperative Conference was held in April 1962 in Tokyo under the sponsorship of the Central Union of Agricultural Cooperatives of Japan. One of the resolutions adopted by this conference was related to the establishment of an institute in Japan for the development of agricultural cooperation in Asia through extending training and research services to those people devoted to cooperative movements in the region. The Institute for the Development of Agricultural Cooperation in Asia was thus established on July 8, 1963, with funds raised among agricultural cooperatives in Japan and also with the support of the Japanese Government.
Ever since, with the president of the Central Union of Agricultural Cooperatives as its president, the Institute has trained overseas agricultural cooperators as part of its international cooperative projects and has assumed the role of a survey and research agency.
The Institute building was named the Hasumi Memorial Hall because, without the efforts of the late Mr. Yasushi Hasumi, then the president of the Central Union of Agricultural Cooperatives, the Institute would not have materialized.
The Institute for the Development of Agricultural Cooperation in Asia