Statistics of Farmer Cooperatives, 1967-68

Bruce L. Swanson

No 314155, Farmer Cooperative Research Report (FCRR) from United States Department of Agriculture, Economic Research Service

Abstract: Excerpt from report Highlights: The 1967-68 survey of marketing, farm supply, and related service cooperatives showed a continuing upward trend in total business volume but a decrease in number of memberships and organizations between July 1, 1967, and June 30, 1968. Total gross business volume (including intercooperative business) handled by these cooperatives amounted to $22.4 billion. This was an increase of 2.4 percent from the $21.9 billion reported in the previous fiscal year. Total net business, after adjusting the gross figure for business done between cooperatives, amounted to over $17 billion. This was an increase of 2.9 percent from the $16.6 billion net in 1966-67. The total number of farmer cooperatives decreased from 8,125 in 1966-67 to 7,940 in 1967-68, a net decrease of 185 associations. The decline reflects a continuing reorganization trend involving merger, consolidation, and acquisition. Cooperative memberships totaled 6,445,410 in 1967-68, a decrease of less than 1 percent from 6,501,700 memberships reported for 1966-67. The drop continues the long-term trend of declining cooperative memberships due to the decreasing number of farmers in the United States.

Keywords: Agribusiness; Farm Management; Financial Economics (search for similar items in EconPapers)
Pages: 38
Date: 1970-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersfc:314155

DOI: 10.22004/ag.econ.314155

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