Pooling by Florida Citrus Cooperatives Following the 1962 Freeze

Fred E. Hulse, Julian R. Meitin and H. G. Hamilton

No 313529, Marketing Research Reports from United States Department of Agriculture, Agricultural Marketing Service, Transportation and Marketing Program

Abstract: Excerpts from the report: In early December 1962, Florida experienced an extensive freeze that caused severe damage to all citrus in the State except in the Indian River Area. With more than 85 percent of the season's citrus crops on the trees, this was a major disaster. The citrus industry had to move quickly to salvage mature fruit. Florida citrus cooperatives worked efficiently in this salvage operation, but many standard cooperative practices were modified in the process. These changes raised questions about the fair and equitable treatment of members. As a result, Farmer Cooperative Service and the Department of Agricultural Economics, University of Florida, undertook this study of pooling practices to learn how successfully Florida citrus cooperatives had maintained the dual standards of equal treatment and efficient operation. Specific objectives of the study were to determine: (1) The type of pooling arrangement in effect at the time of the freeze; (2) the changes made in pooling systems after the freeze; (3) The effect of changes in pooling arrangements on organization income and members' equity; and (4) the nature of future modifications that can be made in pooling arrangements that will handle problems in a distress situation.

Keywords: Agribusiness; Crop Production/Industries; Marketing; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 30
Date: 1966-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uamsmr:313529

DOI: 10.22004/ag.econ.313529

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