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An Evaluation of Equity Redemption Alternatives in Centralized Cooperatives

Author

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  • Barton, David G.
  • Schmidt, Royce L.

Abstract

Evaluations of five basic equity redemption alternatives are made for the distinct patron-cooperative economic relationship found in both regional and local centralized cooperatives. The five alternatives are the estate settlement, age-of-patron, revolving fund, percentage pool, and base capital plans. An empirically estimated economic life cycle is used to determine the pattern of patronage and investment by patrons. Redemptions are determined for several programs, each using estate settlement alone or in combination with another plan. Performance is measured using three criteria: flexibility, proportionality, and cash flow. Results vary significantly among alternatives.

Suggested Citation

  • Barton, David G. & Schmidt, Royce L., 1988. "An Evaluation of Equity Redemption Alternatives in Centralized Cooperatives," Journal of Agricultural Cooperation, National Council of Farmer Cooperatives, vol. 3, pages 1-20.
    • Handle: RePEc:ags:joagco:46209
    DOI: 10.22004/ag.econ.46209
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    Cited by:

    1. Salazar Idana & Galve Górriz Carmen, 2011. "Determinants of the Differences in the Downstream Vertical Integration and Efficiency Implications in Agricultural Cooperatives," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-26, February.
    2. Barton, David G., 2004. "A Comparison of Traditional and Newly Emerging Forms of Cooperative Capitalization," 2004 Annual Meeting, November 2-3 31794, NCERA-194 Research on Cooperatives.
    3. Kenkel, Phil, 2020. "Comparison of Alternative Equity Management Systems," Journal of Cooperatives, NCERA-210, vol. 35.
    4. Royer, Jeffrey S., 2022. "Comparative Performance of Cooperative Equity Retirement Plans," Journal of Cooperatives, NCERA-210, vol. 36.

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    Keywords

    Agribusiness;

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