Industrial Development Bond Financing For Farmer Cooperatives

Donald R. Davidson

No 152852, Farmer Cooperative Research Report (FCRR) from United States Department of Agriculture, Economic Research Service

Abstract: A nationwide survey of 7,535 farmer cooperatives shows both large and small cooperatives -- locals, region.a1s, and interregiona1s -- in 24 States using industrial development (ID) bonds for long-term debt. financing to 'construct or expand grain elevators, pollution control facilities, feed mills. fertilizer plants, fluid milk plants, and warehouses. As of June 1979,.52 cooperatives had 130 projects financed with ID bonds totaling $265 million, with a median of $1 million per project. Although ID bonds originated in Mississippi in 1936, major co-op use of these tax-exempt bonds occurred after 1975, when 62 percent of all such co-op ID bond-financed projects originated.

Keywords: Agricultural Finance; Environmental Economics and Policy; Livestock Production/Industries; Production Economics (search for similar items in EconPapers)
Pages: 42
Date: 1980-08
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/152852/files/fcrr18.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:uersfc:152852

DOI: 10.22004/ag.econ.152852

Access Statistics for this paper

More papers in Farmer Cooperative Research Report (FCRR) from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().