Financial Profile of Dairy Cooperatives, 2002

Carolyn Liebrand

No 280091, Research Reports from United States Department of Agriculture, Rural Development

Abstract: Financial statements for U.S. dairy cooperatives in 2002 are presented. The nation's dairy cooperatives were categorized into five groups based on their primary function (bargaining-only, commodity-manufacturing, niche-marketing, fluid-processing and diversified) and according to size (net volume of milk handled). Balance sheets and operating statements were presented on a per-cwt, per-cooperative and common-size basis for U.S. dairy cooperatives by operating type and by size category. Financial ratios are also presented for each type and size group. Dairy cooperatives employed $6.22 of assets per cwt to market member milk in 2002. One-third of the assets were financed by member equity. Net margins before tax of $0.21 per cwt of milk handled represented a 1.2 percent return on total sales.

Keywords: Agricultural Finance; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 35
Date: 2004-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:urdbrr:280091

DOI: 10.22004/ag.econ.280091

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