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| Registros recuperados: 12 | |
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| Barton, David G.. |
| Cooperatives can handle a loss in several ways. This paper evaluates two primary alternatives: retain in the cooperative or allocate to patrons. The cooperative’s and patrons’ preferences are based on choosing either a tax reduction or redemption reduction. Present value of cash flow is used as the criterion for evaluating choices. The cooperative’s and patrons’ preferences may be in harmony or conflict depending on the marginal income tax rates and pattern of equity redemption. A simple procedure is presented to determine a cooperative or patron preference. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 1989 |
URL: http://purl.umn.edu/46220 |
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| Barton, David G.. |
| FCStone Group (FCS) is a publicly held corporation that converted from a cooperative to a private corporation in 2005, and then converted to a public corporation in 2007. It is an integrated commodity risk management company that provides risk management consulting and transaction execution services to commercial commodity intermediaries, end users, and producers. This case study focuses primarily on the period from the first conversion in 2005 to six months after the public offering in March 2007. Because the financial benefits received by each of the cooperative owners of FCS are dependent on the timing of their sale of FCS stock, stock price information and benefit estimates are provided up to early November 2008. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 2009 |
URL: http://purl.umn.edu/56953 |
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| Barton, David G.; Schmidt, Royce L.. |
| Evaluations of five basic equity redemption alternatives are made for the distinct patron-cooperative economic relationship found in both regional and local centralized cooperatives. The five alternatives are the estate settlement, age-of-patron, revolving fund, percentage pool, and base capital plans. An empirically estimated economic life cycle is used to determine the pattern of patronage and investment by patrons. Redemptions are determined for several programs, each using estate settlement alone or in combination with another plan. Performance is measured using three criteria: flexibility, proportionality, and cash flow. Results vary significantly among alternatives. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 1988 |
URL: http://purl.umn.edu/46209 |
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| Ariyaratne, Chatura B.; Featherstone, Allen M.; Langemeier, Michael R.; Barton, David G.. |
| This paper examines the efficiency of a sample of Great Plains grain marketing and farm supply cooperatives during 1988 to 1992. In general, larger cooperatives were more X-efficient and scale efficient. Labor tended to be under-utilized and capital over-utilized. Petroleum product sales and fertilizer sales were negatively related to overall efficiency. Sales of goods other than grain, fertilizers, agricultural chemicals, petroleum products, and feed was positively related to overall efficiency. Overall efficiency was significantly correlated with the rate of return to assets. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 2000 |
URL: http://purl.umn.edu/31310 |
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| Moller, Lynn G.; Featherstone, Allen M.; Barton, David G.. |
| Financial stress in agricultural cooperatives may be due to a combination of three factors: inadequate profitability, excessive debt, or high interest rates. This paper uses an analytical technique to determine the relative degree of financial stress in agricultural cooperatives attributable to each factor. Roughly 30 percent of agricultural cooperatives in our sample suffered financial stress from 1987 through 1992. The analysis indicates that the greatest portion of financial stress, 54 percent, originated from low earnings. High interest rates accounted for roughly 24 percent of the financial stress while leverage accounts for the remaining 22 percent. The results also indicate that smaller cooperatives are more than twice as likely to face financial... |
| Tipo: Journal Article |
Palavras-chave: Agribusiness; Agricultural Finance. |
| Ano: 1996 |
URL: http://purl.umn.edu/46190 |
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| Boland, Michael A.; Amanor-Boadu, Vincent; Barton, David G.. |
| The case begins with an examination of Land O' Lakes' diversified portfolio of businesses. The business had undergone significant changes since 1998 - it dominated market share in butter and deli cheese, had become the largest crop protection, plant nutrient, and feed manufacturer in the US, and was the fourth largest US seed company. Land O'Lakes used mergers, joint ventures, acquisitions of public and private firms, and divestitures/closing of assets to restructure its portfolio to build its portfolio. The main issue was to evaluate its diversified portfolio of businesses and find ways to improve future performance. |
| Tipo: Journal Article |
Palavras-chave: Dairy; Agribusiness; Portfolio; Cooperative; Agribusiness; Livestock Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/8118 |
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| Barton, David G.. |
| This paper compares the traditional forms of capitalization used by American co-ops to newly emerging forms. It is based on an in-depth review of several case co-ops. A broad framework is provided that may be beneficial in more extensive studies of capitalization practices of cooperatives and similar organizations. It is divided into three parts. Part One outlines the alternative capitalization forms being used by cooperatives and their antecedents, where conversions to other structures and forms have occurred. Two basic capitalization forms have been used by cooperatives: traditional (open) and new generation (closed). Cooperatives using both forms have elected to add new capitalization features, such as use of publicly listed stock, or have elected to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Financial Economics; Agribusiness. |
| Ano: 2004 |
URL: http://purl.umn.edu/31794 |
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| Registros recuperados: 12 | |
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