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Open AccessPosted ContentDOI

Equity Redemption: Issues and Alternatives for Farmer Cooperatives

David W. Cobia, +8 more
- 01 Oct 1982 - 
TLDR
In this paper, the issues concerning equity redemption and alternative equity redemption plans and methods that can be used to improve or facilitate redemption are discussed, and the impact of proposed mandatory redemption programs is evaluated, and procedures for adopting a voluntary redemption program are detailed.
Abstract: 
Cooperatives are under increasing pressure to redeem the equities of former and overinvested patrons. This report discusses the issues concerning equity redemption and describes alternative equity redemption plans and methods that can be used to improve or facilitate redemption. Trade-offs between cash patronage refunds, redemption, and growth are examined, and methods for distributing cash benefits to patrons are compared. Legal and tax aspects and board responsibilities are reviewed, and the influences of federated cooperatives and lending institutions are considered. The impact of proposed mandatory redemption programs is evaluated, and procedures for adopting a voluntary redemption program are detailed.

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Book ChapterDOI

Ownership of the Firm

Henry Hansmann
- 01 Oct 1988 - 
TL;DR: In this paper, the authors explore the economic factors responsible for different patterns of ownership in large-scale enterprise in the United States, including consumer retail cooperatives, business-owned wholesale and supply cooperatives and public utility cooperatives.
Posted ContentDOI

Performance of Cooperatives and Investor-Owned Firms in the Dairy Industry

Claudia Parliament, +2 more
TL;DR: A comparison of regional dairy cooperatives with investor-owned dairy firms from the period 1976-87 produced empirical findings that are at variance with the hypotheses suggested by the theory of cooperatives as discussed by the authors.
Book

Cooperative Theory: New Approaches

Sidney Hoos, +6 more
TL;DR: This report contains nine papers on cooperative theory relating to operations, market behavior, decisionmaking, finance, and other aspects of farmer cooperation that present new approaches to thinking on several topics.
Posted Content

Financing Of Growth In Agricultural Cooperatives

Zvi Lerman, +1 more
TL;DR: In this article, sources and uses of funds in agricultural cooperatives are examined and compared to the aggregate of non-financial corporations for the period 1973-1987, and it is observed that cooperatives finance nearly half their growth with equity.
Journal ArticleDOI

Financing of Growth in Agricultural Cooperatives

Zvi Lerman, +1 more
- 01 Sep 1993 - 
TL;DR: In this article, the authors examined the hypothesis that cooperatives suffer from a shortage of equity capital because of ownership structure and nonmarketability of cooperative equity and found that agricultural cooperatives finance nearly half their growth with equity.