An analysis of the financial structure of local farm supply cooperatives in Missouri
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"Cooperative farm supply organizations are very important in Missouri’s agribusiness economy. During the period 1969-1970, farm supply cooperatives accounted for 26% of the feed, 28% of the seed, 31% of the fertilizer and lime, and 49% of the petroleum, purchased by farm operators in Missouri. Notwithstanding this importance to Missouri's agribusiness economy, farm supply cooperatives have received very little attention in empirical research dealing with the financial structure of farmer cooperatives. The Farmer Cooperative Service has published a report dealing with the financial structure of 8,522 farmer cooperatives that operated in 1962. Although this report includes Missouri farm supply cooperatives, generalizations about their financial structure cannot be made. In 1945, a study was conducted by Herman M. Haag at the University of Missouri which examined the financial results of business operations of 110 local cooperative associations from 1939 to 1942. Specifically, this study described the influence of both the size and the location of the associations on their financial results or performance. This study revealed that both size, in terms of sales volume, and location had a sharp influence on the financial success of the local association."--Introduction.
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