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| Sexton, Richard J.; Wilson, Brooks M.; Wann, Joyce J.. |
| Little progress has been made in testing the often conflicting hypotheses generated from theoretical research on cooperatives. This paper addresses the deficiency by describing and applying (to California cotton ginning cooperatives) a methodology to test key hypotheses concerning (a) cooperatives price-output equilibrium, (b) allocative efficiency, and (c) utilization of capital inputs. The empirical results (a) are consistent with predictions from the game theory model of cooperative behavior, (b) reject the null hypothesis of absolute allocative efficiency, and (c) indicate absolute overutilization of capital inputs among the sample cooperatives. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness; Crop Production/Industries. |
| Ano: 1989 |
URL: http://purl.umn.edu/32455 |
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| Wilson, Brooks M.; Cobia, David W.. |
| We surveyed agricultural loan officers and their supervisors in North Dakota to learn what factors influenced the decision to make loans to farmers investing in new agricultural cooperatives. We found that the Farm Credit Services and other large institutions made a disproportionately large share of the loans. Furthermore, institutions with minimal equity, but with low levels of non-current loans and a high return on equity, were more likely than others to make the loans. Experienced agricultural loan officers and those who attended a cooperative's information meeting or reviewed the business plan were more likely to make loans. Loan officers granted loans to applicants who met conservative lending criteria. The decision was not based on the loan... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Finance; Agribusiness. |
| Ano: 1996 |
URL: http://purl.umn.edu/23207 |
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