CASH FLOW COMPARISONS OF TWO METHODS OF ALLOCATING COOPERATIVE PA TRON AGE REFUNDS

Jeffery S. Royer

No 270120, 1987 Annual Meeting, August 2-5, East Lansing, Michigan from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Nonqualified allocations offer an alternative method of allocating patronage refunds. This paper compares patron after-tax cash flows from qualified and nonqualified allocations. Results suggest neither method is clearly superior. Because of tax timing differences, present values of cash flows from nonqualified allocations often are comparatively greater than nominal values.

Keywords: Agricultural and Food Policy; Financial Economics (search for similar items in EconPapers)
Pages: 15
Date: 1987-08-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea87:270120

DOI: 10.22004/ag.econ.270120

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