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| Registros recuperados: 64 | |
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| Ling, K. Charles. |
| The rationale for compensating dairy cooperatives for the costs incurred in balancing milk supply for the fluid market is examined. A reserve-balancing pool is proposed to facilitate deducting supply-balancing service credit from a marketwide producer pool and making payment to cooperatives for providing the services. The volume of necessary reserves maintained for the fluid market determines the size of the reserve-balancing pool. A dairy cooperative qualifies for pool payment based on the volume of milk delivered for fluid uses and on the volume of necessary reserves actually balanced. An alternative qualification is to allocate the volume of necessary reserves each cooperative has to balance according to a cooperative's market share of milk for fluid... |
| Tipo: Report |
Palavras-chave: Cooperative; Milk; Reserve-balancing pool; Seasonality; Manufacturing costs; Marketwide services; Agribusiness. |
| Ano: 1985 |
URL: http://purl.umn.edu/50731 |
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| Nubern, Christopher A.; Kilmer, Richard L.. |
| This article evaluates the effects of alternative fluid milk procurement strategies on the aggregate net revenue of Florida cooperative members. They are (1) supplemental milk obtained from import sources, (2) supplemental milk obtained from a supply plant, (3) increased supply as a result of an expanded production area, and (4) supplemental milk obtained through pooling arrangements with regional dairy cooperatives. The final ranking of a scenario appears to be dependent primarily on the total cost of exports within the model. The optimal procurement strategy for Florida cooperatives should concentrate on reducing the quantity of surplus milk. |
| Tipo: Journal Article |
Palavras-chave: Cooperative; Exports; Imports; Net revenue; Pooling; Procurement; Livestock Production/Industries. |
| Ano: 1995 |
URL: http://purl.umn.edu/15256 |
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| Hovhannisyan, Vardges; Vasa, Laszlo. |
| Armenian milk marketing cooperatives provide several benefits, of which the increased opportunity for milk marketing is valued most by member farmers. During the cooperative action milk production has also increased due to seminars on cattle feeding, artificial insemination, sanitation programs, and support by cooperatives in feed procurement. Another benefit is that through pooling products of specified grade or quality, marketing cooperatives are better able to market milk to large-scale buyers than individual owners. Putting their efforts together cooperatives can move to distant markets and thus expand their sales opportunities. This is of paramount importance for those cooperatives that have a sole buyer. In addition to milk marketing, almost all of... |
| Tipo: Journal Article |
Palavras-chave: Agriculture; Cooperation; Cooperative; Milk production; Transition economy; Agribusiness; International Relations/Trade. |
| Ano: 2007 |
URL: http://purl.umn.edu/58902 |
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| Hueth, Brent; Marcoul, Philippe; Ginder, Roger G.. |
| Cooperative formation in agriculture sometimes occurs in response to the exit of a private firm and typically requires substantial equity investment by participating farmers. What economic rationale can explain why farmers are willing to contribute capital to an activity that fails to attract non-farm, or "private" investment? We hypothesize that doing so is a costly mechanism for increasing the maximum penalty farmers face in the case of business failure. For a given market environment, exposing farmers to this risk increases the amount of surplus that can be used to repay lenders, thus expanding the set of market environments in which financing is available. We show how equity investment of this sort can be an efficient organizational response to a... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Cooperative; Corporate finance; Moral hazard; Vertical integration; Agribusiness; Marketing. |
| Ano: 2004 |
URL: http://purl.umn.edu/18610 |
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| Hueth, Brent; Marcoul, Philippe; Ginder, Roger G.. |
| Cooperative formation in agriculture sometimes occurs in response to the exit of a private firm and typically requires substantial equity investment by participating farmers. What economic rationale can explain why farmers are willing to contribute capital to an activity that (apparently) fails to attract non-farm or "private" investment? We hypothesize that farm capital is high cost, relative to that provided by private entrepreneurs (or in other words, that there is a degree of asset fixity in farm capital) but that it engenders greater organizational commitment-which is particularly important when expected market returns are low-on the part of producers. This commitment arises from the indirect incentive properties associated with at-risk capital. We... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Cooperative; Corporate financing; Moral hazard; Vertical integration; Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/18478 |
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| Richards, Timothy J.; Manfredo, Mark R.. |
| Several explanations for merger activity exist for publicly traded firms, but none consider the unique aspects of cooperatives. This study develops a test for the hypothesis that cooperative consolidation occurs primarily in response to capital constraints associated with a lack of access to external equity capital. An empirical model estimates the shadow value of long-term investment capital within a multinomial logit model of transaction choice in a panel data set of the 100 largest U.S. cooperatives. The results substantially confirm the capital-constraint hypothesis. Thus, the primary implication is that internal growth may be a more viable alternative to consolidation if new forms of cooperative financing are developed. |
| Tipo: Journal Article |
Palavras-chave: Capital structure; Cooperative; Discrete choice; Joint ventures; Mergers; Multinomial logit; Strategic alliances; Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/30718 |
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| Registros recuperados: 64 | |
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