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The Emergence of Non-Traditional Cooperative Structures: Public and Private Policy Issues 31
Chaddad, Fabio Ribas; Cook, Michael L..
This paper examines new agricultural cooperative organizational models from an ownership rights perspective. We argue that new cooperative organizational models differ in the way ownership rights are assigned to the economic agents tied contractually to the firm – members, patrons, and investors. The paper proposes a typology of discrete organizational models, in which the traditional cooperative structure and the investor-oriented firm are characterized as polar forms. Five non-traditional models are described and analyzed with implications to both private and public policy.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural cooperatives; Cooperative finance; Ownership structure; Property rights.; Agribusiness.
Ano: 2003 URL: http://purl.umn.edu/31799
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Patron Demand Deposit Account and Regional Patronage Financing Activities of Agribusiness Cooperatives 31
Brueckner, Erica C.; Duft, Ken D.; McCluskey, Jill J..
This paper investigates agribusiness cooperatives' reliance on patron demand deposit accounts (PDDAs) and regional patronage as sources of capital. Approximately 13% of cooperatives 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: Conference Paper or Presentation Palavras-chave: Cooperative finance; Patron demand deposit accounts; Regional patronage.; Agricultural Finance; Agribusiness.
Ano: 2000 URL: http://purl.umn.edu/31810
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