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Book Equity Retirement and Other Determinants Impact on Return on Equity in US Local Farm Supply and Grain Marketing Cooperatives

Download or read book Equity Retirement and Other Determinants Impact on Return on Equity in US Local Farm Supply and Grain Marketing Cooperatives written by Christina Ruberson Stander and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The environment surrounding cooperatives is evolving and becoming more challenging due to financial concerns stemming from a turbulent agricultural economy, trade uncertainty, and the need to update infrastructure. In addition, cooperatives are financed differently than typical agribusinesses which makes financial decision making even more challenging. To remain competitive and successful in profitability, cooperatives need to operate with efficient assets and sound financial decisions regarding investments, business dealings, and equity. This study analyzes the profitability of cooperatives utilizing 5 different regression models. The first model uses more current cooperative data to update the article by Boyd, Boland, Dhuyvetter, and Barton (2007), which focuses on the financial ratios and performance measures of current ratio (CR), assets-to-equity (ATE), lagged return on equity (ROE), net profit margin (NPM), asset turnover (AT), times-interest-earned (TIE), risk, and total assets (Assets) and their impact on ROE. Four additional models are used in this study to explore the relationship between retiring equity back to patrons and ROE. The added variables are equity retirement as reported by cooperatives, a state interaction term which is a dummy variable that is set to 1 if a state has a law requiring equity retirement upon death of the member. The results find there are four statistically significant variables at the .10 level in all the models that impact future ROE which are lagged inverted current ratio (CRinv), lagged Assets-to-equity (ATE), lagged ROE, and lagged Net Profit Margin (NPM). The results between Boyd et al. and this study are results in relation to the profitability ratios and liquidity ratios. Lagged ROE and NPM are the profitability variables that impact future ROE in a positive manner as do lower levels of liquidity demonstrated by the variable CRinv. A difference from Boyd et al. (2007) is the result that higher leverage ratios demonstrated by ATE, are correlated with an increase in future profitability. This difference warrants additional research to discover the potential reason. Equity retirement was shown to have no effect on future ROE. However, adding "net" allocated equity corresponds with higher future profitability. The analysis found that cooperatives within states with legislation requiring them to retire equity would have lower future ROE, on average, than cooperatives in states with no legislation.

Book Farmer Cooperatives

Download or read book Farmer Cooperatives written by and published by . This book was released on 1988 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Inputs Used in U S  Farm Production

Download or read book Inputs Used in U S Farm Production written by Thomas Spinks and published by . This book was released on 1981 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Rural Cooperatives

Download or read book Rural Cooperatives written by and published by . This book was released on 1996 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Bibliographies and Literature of Agriculture

Download or read book Bibliographies and Literature of Agriculture written by and published by . This book was released on 1981 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Analysis of financial statements

Download or read book Analysis of financial statements written by E. Eldon Eversull and published by . This book was released on 1997 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Cooperative Information Report

Download or read book Cooperative Information Report written by and published by . This book was released on 1998 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Rural Cooperative Publications

Download or read book Rural Cooperative Publications written by and published by . This book was released on 1981 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book ANALYSIS OF FINANCIAL STATEMENTS  LOCAL FARM SUPPLY MARKETING COOPERATIVES    RBS RESEARCH REPORT 154    U S  DEPARTMENT OF AGRICULTURE

Download or read book ANALYSIS OF FINANCIAL STATEMENTS LOCAL FARM SUPPLY MARKETING COOPERATIVES RBS RESEARCH REPORT 154 U S DEPARTMENT OF AGRICULTURE written by United States. Agricultural Cooperative Service and published by . This book was released on 1998* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Reducing financing costs and financial management problems of cooperatives   an analysis of financing strategies and equity retirement plans for Wisconsin farm supply cooperatives

Download or read book Reducing financing costs and financial management problems of cooperatives an analysis of financing strategies and equity retirement plans for Wisconsin farm supply cooperatives written by Wilmer Alton Dahl and published by . This book was released on 1976 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Credit Control in Selected Retail Farm Supply Cooperatives

Download or read book Credit Control in Selected Retail Farm Supply Cooperatives written by Anne Lauretta Gessner and published by . This book was released on 1957 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Cooperative Accountant

Download or read book The Cooperative Accountant written by and published by . This book was released on 1986 with total page 1386 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Some Aspects of Financial Planning in Agricultural Cooperatives

Download or read book Some Aspects of Financial Planning in Agricultural Cooperatives written by Edmund Robert Barmettler and published by . This book was released on 1968 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Inventory Management by Selected Retail Farm Supply Co ops

Download or read book Inventory Management by Selected Retail Farm Supply Co ops written by John Marvin Bailey and published by . This book was released on 1960 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: