Update August 1, 2017: Stardew Valley will let you play with up to three friends in co-op from early next year, developers Chucklefish revealed in an announcement today.
The developers also revealed some new details about how it will work. Basically, one player is the main farmer, while up to three friends can play as farmhands living in their own houses, able to drop in and out when they wish.
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The main player will be the only one who can trigger sleep and festivals but, otherwise, farmhands are pretty much free to do as they please. They can even get married. Chucklefish are hoping to add the option so you can marry one of your friends, too.
Each player has access to their own inventory, so it should open the game up to some hyper-productive super-farms. You'll have the chance to try it at the end of 2017, as there's a beta test planned. There are currently no plans for local co-op, but you'll be able to team up with your online pals.
no local co-op though, kinda sucks. ---
depressed again morning comes too fast and i'm tired of the routine