U.S. Agricultural Cooperative Survival Before, During, and After COVID-19

Jason Franken, Evan Cornett, Jasper Grashuis and Stephen Mukembo

No 404316, 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri from Agricultural and Applied Economics Association

Abstract: Given the decreasing number of cooperatives in the U.S. between 2017 and 2022, this study conducts a competing risk survival analysis on confidential data from the USDA1 to examine two exit types: mergers and acquisitions (M&A) and liquidations and dissolutions (L&D). By applying the Fine and Gray method and cumulative incidence analyses, the study incorporates two time scales—time-to-event and time-underobservation— to estimate determinants of the two exit pathways. This research demonstrates that failure in agricultural cooperatives is a complex process shaped by leverage, profitability, scale, and exogenous shocks. M&A represents a strategic decision for survival or growth, while L&D predominantly represents the failure of small and unprofitable cooperatives.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 37
Date: 2026
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/404316/files/1 ... oopSurvivalPaper.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea26:404316

DOI: 10.22004/ag.econ.404316

Access Statistics for this paper

More papers in 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().