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| Brueckner, Erica C.; Duft, Ken D.; McCluskey, Jill J.. |
| This study investigates agribusiness cooperatives' reliance on patron demand deposit accounts (PDDAs) and regional patronage as sources of capital. Approximately 13% of cooperatives surveyed carry PDDAs, typically fruit cooperatives, of which over one-half have no financial protection against large unexpected withdrawals. Cooperatives with PDDAs must be concerned with potential legal conflicts regarding the handling of these accounts, as evidenced by a U.S. Supreme Court case classifying PDDAs as securities. Supply cooperatives are most likely to show investment in other cooperatives as a high percentage of total assets, which could generate insolvency issues for locals. |
| Tipo: Journal Article |
Palavras-chave: Cooperative financing; Patron demand deposit accounts; Regional patronage; Agribusiness. |
| Ano: 2000 |
URL: http://purl.umn.edu/14717 |
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